Business

Look to the East and you’ll see a major initiative to transform New York’s electric grid into a cleaner, more efficient system. Look to the West and you’ll find ambitious clean energy legislation in California. Yet utility executives and federal regulators recently gathered in the Midwest to highlight how this region is ground zero for […]

For all the words published over the past several years about electric utility customer defection—thanks to the combination of lower-cost residential solar photovoltaic systems, tax incentives, and net

Mexico to Launch Pilot Carbon Trade Program. Mexico will launch a yearlong simulation of a cap-and-trade program this November. The pilot program will involve up to 60 companies, allowing them to adapt a

States, regulators, and market participants have in recent years called attention to a trend concerning uneconomic baseload generation in organized wholesale markets, specifically in ISO New England, New York Independent System Operator (NYISO), MISO, PJM, the Electric Reliability Council of Texas (ERCOT), and the California Independent System Operator (CAISO). Cheap natural gas, low power demand […]

In an effort to become a fully regulated power company, American Electric Power (AEP) has agreed to sell four Midwestern power plants—representing a total of 5.2 GW—to a newly formed joint venture of Blackstone and ArcLight Capital Partners for about $2.17 billion.  AEP will sell: the 1,186-MW natural gas–fired Lawrenceburg Generating Station in Lawrenceburg, Ind. […]

The $23.8 billion Hinkley Point C nuclear project has received the UK government’s green light, but the country wants to ensure that project’s ownership cannot change without government agreement. After a “comprehensive review” of the project and a revised agreement with French power generator EDF, the UK Department for Business, Energy, and Industrial (DBEI) Strategy […]

A strategy rolled out by the Department of Energy (DOE) and Department of the Interior (DOI) to enable 86 GW of offshore wind capacity in the U.S. by 2050 highlights a number of key hurdles, including those related to technology, regulations, the environment, and markets. The DOE’s and DOI’s September 9–released joint document, “National Offshore […]

NRG Energy has taken action to acquire 2.1 GW of utility-scale wind and solar assets owned by bankrupt renewables giant SunEdison with a $144 million auction bid this week. New Jersey–based NRG Energy on Sept. 12 executed a purchase and sale agreement (PSA) to take on 200 MW of SunEdison’s construction-ready, fully contracted solar assets […]

Duke Energy Renewables, part of Duke Energy’s Commercial Portfolio, announced on September 7 that it will add six Georgia solar projects to the 2.8-GW renewable energy portfolio the company owns and operates. The projects are relatively small in terms of capacity—averaging about 1 MW DC each (769 kW AC)—but they are the first Duke Energy […]

If wind and solar photovoltaic (PV) penetrations in the Eastern Interconnection were amped up to 30%, they would decrease coal, combined cycle, and combustion turbine capacity factors by 30% to 50%, a new study from the National Renewable Energy Laboratory (NREL) suggests. The study, NREL’s Eastern Renewable Generation Integration Study (ERGIS), was released on August […]