Business

NRG Energy, in a bid to shed $7 billion in consolidated debt, is selling the bulk of its renewable assets and development platforms along with several coal and natural gas power plants worth 3.6 GW tied to its South Central Generating business. The independent power producer, which recently relinquished bankrupt wholesale generator GenOn Energy to […]

Valmet has signed a Value-Added Reseller (VAR) partnership agreement for power and process industry automation with RR Projects in Tullamore, Ireland, to go into effect immediately. Together, the two companies will be targeting Irish process industries in the utility sector, particularly power and water. Valmet will benefit from the capabilities of RR Projects to provide […]

Shareholders of Mississippi Power will have to absorb the majority of outstanding costs resulting from the scuttled Kemper County coal gasification project, as the state’s Public Service Commission (PSC) on February 6 approved a settlement for the remaining liabilities associated with the much-touted “clean coal” plant. Mississippi Power in a statement said it “is pleased […]

American Electric Power (AEP), one of the nation’s largest power generators, will pursue a strategy to reduce its carbon dioxide (CO2) emissions by 60% from 2000 levels by 2030, and 80% from 2000 levels by 2050. AEP expects to achieve carbon reductions through a variety of actions, including investments in renewable generation and advanced technologies […]

Exelon Generation will shutter its Oyster Creek Generating Station in October 2018—more than a year before it is required to close the single-unit reactor as part of an agreement with the state of New Jersey. Exelon agreed in 2010 to close the unit by December 2019—10 years before its license to operate expires—after it decided […]

China’s State-Owned Assets Supervision and Administration Commission reorganized and transferred China Nuclear Engineering & Construction Corp. (CNEC) to China National Nuclear Corp. (CNNC) on January 31, forming a new giant in the nuclear power industry. The combined company is estimated to have nearly $100 billion in combined assets and almost 150,000 employees, according to data […]

The Nigerian National Petroleum Corp. (NNPC) in December 2017 announced a plan to build three natural gas-fired power plants in the country, thanks to a $2.8 billion pipeline project that would bring natural gas from the southern part of the African nation to its northern region. The plants, sited in Abuja, Kaduna, and Kano, would […]

Increasing uncertainties concerning low forecasted load; construction financing constraints and reversals; state certification hurdles; and challenges to nuclear profitability posed by the growing share of coal plants beset the nuclear industry in the early 1970s. The nuclear suffered a renewed economic meltdown and fierce public pushback in the aftermath of the Three Mile Island accident […]

GE has operated its monitoring and diagnostics center for nearly two decades, examining the performance and health of customers’ power plants and other generating assets around the world. Understanding some

Digital tools can benefit power plants of all types, yet adding the necessary instrumentation can be costly. However, some of the latest technology doesn’t have to break the bank. Installing WirelessHART