Business

EU Doles Out €1 Billion in Funding for Renewable Projects Under NER 300. The European Commission on July 10 awarded €1 billion ($1.34 billion) to 19 renewable energy projects and a carbon capture and storage (CCS) project under its NER 300 program. The projects will cumulatively raise European Union (EU) renewable energy production by about […]

Calpine Corp. has its hands in two deals with large power companies—selling a plant to Duke Energy in Florida while buying a plant from Exelon Corp. in Massachusetts. On Aug. 25, Calpine announced that it has agreed to buy Exelon’s 809-MW Fore River Generating Station, which is located about 12 miles southeast of Boston, for […]

Geographically and politically, Texas and Germany are on opposite sides of the world, but both believe strongly in competitive energy markets, and both have largely deregulated their power industries. Now both are reconsidering their market designs. Its easy to think that Germany and Texas could not be more different. One is northern, cold, and Old […]

Dynegy Inc.—the Houston-based power company with operations in the Midwestern, Northeastern, and Western U.S.—has signed two separate agreements to acquire generation assets from Duke Energy and Energy Capital Partners (ECP). The acquisition includes a total of 12,313 MW of coal and gas generation, which will increase the company’s total portfolio to nearly 26 GW. Dynegy […]

Europe’s third-largest power provider last week revealed it may be forced to shut down more conventional power plants compromising a total of 1 GW and terminate 470 MW in supply contracts if market conditions in Germany do not improve.  RWE has blamed “political intervention” for “making [its] business challenging”—and specifically, the subsidized expansion of renewables […]

The nation’s coal fleet is under threat, alleged Dr. Larry S. Monroe, chief environmental officer and senior vice president for research and environmental affairs with Southern Co. during the keynote plenary session at the Power Plant Pollutant Control “MEGA” Symposium on Aug. 19 in Baltimore, Md. Monroe was part of a four-member panel, which included […]

American Electric Power (AEP) has agreed to close a coal plant and make changes at two others to resolve alleged Clean Water Act (CWA) violations. According to consent decrees filed in two West Virginia federal district courts, the company on Friday agreed to settle allegations from numerous citizen groups that the coal-fired John E. Amos, Kammer, […]

The federally owned Tennessee Valley Authority (TVA) announced this week that it was eliminating more than 2,000 jobs as part of its ongoing effort to stem a tide of red ink. The cuts are not as draconian as they might appear, since more than half of the jobs represent vacancies that will now not be […]

A significant reform of Germany’s aggressive renewable energy laws passed its final hurdle on July 11, setting the country on a more market-based path toward future growth. The bill was developed and approved by Chancellor Angela Merkel’s coalition government of Social Democrats and Christian Democrats. Because they are the two largest parties, the legislation was […]

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