November 9, 2017 Exelon Subsidiary Files Bankruptcy; Lenders Would Take Over Four Plants ExGen Texas Power (EGTP) Holdings LLC and ExGen Texas Power LLC, a subsidiary of Exelon Corp., on November 7 filed for Chapter 11 bankruptcy. The filing in U.S. Bankruptcy Court… Read More Successful Global Multiyear Major Outages, Demonstrating MD&A’s One-Stop Solution Mechanical […]

Babcock & Wilcox Enterprises Inc. (B&W), which is already in the midst of a restructuring plan and ongoing cost controls, will slash 30% of its renewable energy workforce and implement cost-saving measures across the company to combat falling revenues. The global energy and environmental technology and services provider said as it announced its 2017 third […]

POWER magazine has been the voice of the industry for 135 years—and its rich archive is a rare chronicle of the uncertainties that the power sector has always faced. In September 1939, two months before this piece was published, Nazi Germany invaded Poland, prompting the UK—and within hours—Australia, India, New Zealand, and France to declare […]

A bitter dispute concerning subsidies for nuclear generation that has divided the power sector grew more intense over the past week as Connecticut, Ohio, and Pennsylvania advanced efforts to keep nuclear plants operating. At the same time, legal challenges to existing measures in Illinois and New York continued in two federal courts. In Connecticut, Gov. […]

Dynegy Inc.’s pending merger with Vistra Energy will create a company of a significant diversification and scale designed to weather volatile markets. Over the past year, at least eight other major power companies have embarked on various strategies to guard against distress in unregulated markets. Duke Energy. Three years ago, Duke Energy announced it would move away from organized […]

To strengthen balance sheets and thwart market woes afflicting generators in competitive markets, Dynegy Inc. and Vistra Energy will merge, creating a company that is projected to have a value greater than $20 billion. Dynegy, which operates a power plant fleet of 27 GW, will merge into Vistra Energy, the parent company of TXU Energy […]

October 26, 2017 What States Told FERC About the DOE’s Grid Resiliency Rule [INFOGRAPHIC] Comments on the Department of Energy’s (DOE’s) proposed grid resiliency rule from an assortment of state agencies, trade groups, environmental organizations, and organized market entities flooded the Federal Energy Regulatory… Read More Advanced power quality analysis – Fast, easy setup. One-touch […]

Comments on the Department of Energy’s (DOE’s) proposed grid resiliency rule from an assortment of state agencies, trade groups, environmental organizations, and organized market entities flooded the Federal Energy Regulatory Commission’s (FERC’s) docket before the tight three-week timeframe expired Oct. 23. The DOE’s “Grid Resiliency Pricing Rule” proposed on Sept. 29 directs FERC—an independent regulatory […]

A report released by the Department of Homeland Security (DHS) and Federal Bureau of Investigation (FBI) outlines a number of solutions and general best practices to thwart infiltration by the ongoing Dragonfly cyberattack campaign, which it says is targeting operational technology personnel. (For an in-depth story on that report, see: “DHS, FBI Identify Tactics in Cyberattack […]

The Department of Homeland Security (DHS) and Federal Bureau of Investigation (FBI) warned in an e-mail on October 20 that an ongoing cyberattack campaign is targeting the nuclear, energy, and other critical infrastructure sectors since at least May 2017—with results ranging from cyber espionage to the ability to disrupt energy systems in the event of […]

Construction of two nuclear plants in South Korea, halted this July by President Moon Jae-in’s announced policy to phase out nuclear power, will continue after a citizens’ jury voted to resume the projects. Korea Hydro & Nuclear Power (KHNP) was building Shin Kori 5 and 6, two AP1400 units, but the company decided to suspend […]

October 19, 2017 Siemens Reportedly Downsizing Power and Gas Business  Stricken by falling orders for large gas turbines, global technology conglomerate Siemens AG is reportedly moving to downsize its Power and Gas segment. The changes may include closure or sale… Read More NRG Stops Plan for California Gas Plant NRG Energy has stopped development of […]

Stricken by falling orders for large gas turbines, global technology conglomerate Siemens AG is reportedly moving to downsize its Power and Gas segment. The changes may include closure or sale of major sites globally and result in thousands of job cuts. The company will likely embark on a reorganization plan this November that could result […]

More than 300 solar employees laid off this summer following a recent surge of U.S. photovoltaic (PV) panel imports may be eligible for federal entitlement, including income support and allowances, the Department of Labor (DOL) has determined. In petitions for Trade Adjustment Assistance filed with the DOL’s Employment and Training Administration by laid-off solar workers […]

SCANA Corp., already under federal and state scrutiny for how it handled the now-abandoned V.C. Summer nuclear expansion, has been served with a document subpoena by the U.S. Securities and Exchange Commission (SEC). SCANA said in a news release that it intends to fully cooperate with the investigation of the nuclear project. The development follows […]

Vistra Energy moved to halt a financial hemorrhage stemming from unprofitable conditions in the Electric Reliability Council of Texas (ERCOT), announcing plans to shutter two more coal-fired power plants—the 1.1-GW Sandow Power Plant (which includes a 2009-built unit) and the 1.2-GW Big Brown plant—in early 2018. The company’s decision made public on October 13 comes on […]

October 12, 2017 Monticello Goes Under, More Coal and Nuclear Imperiled in Texas   A week after the Department of Energy (DOE) proposed a rule to bolster uneconomic coal and nuclear generators in competitive power markets, Luminant announced that an “unprecedented low power price… Read More Monticello Goes Under, More Coal and Nuclear Imperiled in […]

The Netherlands, a country that recently commissioned three state-of-the-art coal plants and has been reluctant to close them, on October 10 moved to phase out coal power by 2030. Meanwhile, the UK and Canada this week jointly urged other nations to drop coal from their power profiles. The countries are part of a growing list […]

A week after the Department of Energy (DOE) proposed a rule to bolster uneconomic coal and nuclear generators in competitive power markets, Luminant announced that an “unprecedented low power price environment” will force it to retire a 1.9-GW coal-fired power plant operating in the Texas market. The plant’s economic woes suggest a larger swath of […]

October 5, 2017 [UPDATED] DOE to FERC: Force Competitive Markets to Value Coal and Nuclear Resiliency, Reliability Attributes A rule proposed by the U.S. Department of Energy (DOE) on September 29 directs the Federal Energy Regulatory Commission (FERC) to mandate that competitive power markets develop and implement market rules… Read More Meeting Production, Compliance and Environmental […]

Siemens has launched a new direct-current (DC) transmission system for alternating current (AC) grids of between 30 kV and 150 kV. The medium-voltage system that can bridge distances of up to 125 miles is designed to help grid entities handle ever-growing volumes of power fed into the distribution system from distributed and renewable power. The […]

The Federal Energy Regulatory Commission (FERC) set a three-week window for comment on the proposed Department of Energy (DOE) grid resiliency rule that 11 power trade groups—representing natural gas, wind, solar, public power, and power consumers—worry could have serious ramifications for competitive markets because it favors coal and nuclear. The groups filed a joint motion on […]

Less than a week after GE struck a $2.6 billion deal with ABB for GE’s electrification business, GE Power completed the $3.4 billion sale of its lucrative water and process technologies division to multinational water management firm SUEZ. The sale of GE Water & Process Technologies, a systems and services provider of water, wastewater and […]

POWER magazine was launched in 1882, just as the world was beginning to grasp the implications of a new, versatile form of energy: electricity. During its 135-year history, the magazine’s pages have reflected the fast-changing evolution of the technologies and markets that characterize the world’s power sector today. The History of POWER is the History […]

POWER magazine—the oldest-running trade publication for power generators in the world—has since its establishment in 1882 been a valuable resource for business and technology developments. Here are compelling excerpts from the magazine’s voluminous pages over the 14 decades it has been published. [Scroll down for full content.] Source: POWER magazine archives. All rights reserved.  —Sonal […]

A rule proposed by the U.S. Department of Energy (DOE) on September 29 directs the Federal Energy Regulatory Commission (FERC) to mandate that competitive power markets develop and implement market rules to “accurately price” what it calls “fuel-secure” generation. The DOE’s “Grid Resiliency Pricing Rule” directs FERC—an independent regulatory government agency that is officially organized as […]

Power News Don't miss these POWER magazine resources: Post Jobs | View Jobs | Buyers' Guide S.C. AG, State Lawmakers Press for Criminal Investigation of SCANA's Role in V.C. Summer Nuclear Expansion Collapse SCANA Corp.’s troubles concerning its decision to abandon the V.C. Summer nuclear expansion intensified again this week after South Carolina’s attorney general’s […]

Entergy Corp. will keep the Palisades nuclear power plant in Covert, Michigan, open until the spring of 2022, owing to a shortfall in recovery granted to Consumers Energy by state regulators. In a bid to actively exit the merchant nuclear power business, investor-owned Entergy had decided to shutter the 798-MW plant by October 1, 2018.  […]

SCANA Corp. and Santee Cooper moved to cash in a $2.2 billion settlement with Toshiba—even though it will cost them $171 million—rather than risk collecting guaranty payments from the Japanese conglomerate over the next five years for the unfinished V.C. Summer nuclear expansion. Just days before the utilities decided to abandon the project, Toshiba on […]

SCANA Corp.’s troubles concerning its decision to abandon the V.C. Summer nuclear expansion intensified again this week after South Carolina’s attorney general’s office and state lawmakers urged state law enforcement to conduct a criminal investigation on how it handled the project. The company said in a filing with the U.S. Securities and Exchange Commission on […]