Financially bruised Peabody Energy Corp.—the world’s largest privately owned coal mining firm—is seeking bankruptcy protection. The St. Louis–headquartered company filed for voluntary Chapter 11 protection in a desperate attempt to strengthen liquidity and reduce debt amid what it says has been an “unprecedented industry downturn.” It filed petitions for most of its U.S. entities in […]

BADEN, SWITZERLAND—April 11, 2016—Today, GE (NYSE: GE) announced a deal with China Machinery Engineering Corp (CMEC) to supply two 330-megawatt (MW) boilers to Engro Powergen Thar (Private) Limited, CMEC’s joint venture with Pakistan companies for the Thar Block II Power Plant. The deal will support Pakistan’s move to use its ample coal reserves in the […]

After 64 years as a landmark in Wilmington, N.C., one of three boiler units at Duke Energy’s retired coal-fired L.V. Sutton Plant crumpled in a dusty heap of contorted steel and splintered glass on April 10. The implosion is the first of three similar events to take place at the Sutton Plant. The next is […]

FORT LAUDERDALE, Fla., April 11, 2016 /PRNewswire/ — Florida Power & Light Company (FPL) today formally commissioned its Port Everglades Next Generation Clean Energy Center – the third in a series of such facilities powered by American-produced natural gas. As was the case with the company’s Next Generation Clean Energy Centers at Riviera Beach and Cape Canaveral, the Port Everglades facility […]

Power News Don't miss these POWER magazine resources: Post Jobs | View Jobs | Buyers' Guide EEI Gets Pushback on Proposed Rebranding of Utility Solar The Edison Electric Institute has come under fire for a new communications plan that was intended to depict utilities as more community-minded.&hellips; Read More   State AGs Join Forces to […]

SACRAMENTO, Calif., March 29, 2016 (GLOBE NEWSWIRE) — Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), Arkansas Electric Cooperative Corporation (AECC) and Ouachita Electric Cooperative Corporation (OECC) will announce the full commissioning of the 100-acre East Camden, Arkansas solar field on March 31, 2016. The 12‑megawatt (AC) array is located in the Highland […]

RENO, Nev., March 30, 2016 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE:ORA) announced today its subsidiary has signed an agreement with a subsidiary of Alevo Group SA, a leading provider of energy storage systems, to jointly build, own and operate the Rabbit Hill Energy Storage Project, located in Georgetown, Texas. Ormat will own and fund […]

March 24, 2016 12:30 PM Eastern Daylight Time SAN FRANCISCO–(BUSINESS WIRE)–Pacific Gas and Electric Company (PG&E) delivered record electric reliability in 2015 with the average customer experiencing less than one outage during the year. PG&E’s sizable investment in its electric infrastructure and its commitment to integrating innovative technology continues to pay dividends for its customers. […]

Contributing to the stable operation of critical facilities worldwide March 27, 2016 10:00 PM Eastern Daylight Time TOKYO–(BUSINESS WIRE)–Mitsubishi Electric Corporation (TOKYO:6503) announced today that it produced its milestone 40,000th Uninterruptible Power Supply (UPS) unit in February 2016. UPS are used as back-up power supplies for essential facilities like data centers and financial institutions, where a […]

Two renewables giants with a hefty global reach are facing debilitating financial crises. SunEdison on the Verge of Bankruptcy California-headquartered solar project developer SunEdison, a company that has 1,000 operational sites worldwide and is staffed by 3,000 employees, is facing a liquidity crisis so dire, the company’s yieldco TerraForm Global warned in a March 29 […]