Business

  • Georgia PSC Will Decide Vogtle’s Fate on December 21

    The Georgia Public Service Commission on December 11 said it will decide December 21 whether to allow construction of two new nuclear reactors at the Plant Vogtle site to move forward, or call for the project to be canceled. Commissioners voted Monday to move up the timetable for a decision on the troubled nuclear project […]

  • Market-Challenged, GE Continues to Improve Gas Turbine Efficiency

    GE Power said its 9HA.02 gas turbine reached a new milestone by exceeding 64% efficiency in combined cycle power plants. The company attributes at least part of the achievement to advances in additive manufacturing (3-D printing). “The HA is our most advanced gas turbine technology, and we’ve never stopped pushing the boundaries of what it […]

  • McIntyre Takes Reins as New Head of FERC

    Kevin McIntyre was sworn in as chairman of the Federal Energy Regulatory Commission on December 7, just more than a month after his nomination to the post was approved by the Senate. He takes over from interim chair Neil Chatterjee, who will remain at FERC as a commissioner. The agency that regulates transmission and wholesale […]

  • GE Cutting 12,000 Jobs in Power Division

    General Electric (GE) said December 7 it will cut 12,000 jobs in its power unit as the company continues to struggle with changes in the global power market. The company in a statement said the staff reductions will save $1 billion in 2018. “Traditional power markets including gas and coal have softened,” the company said, […]

  • MHPSA CEO Optimistic About the Future [PODCAST]

    In December 2016, Mitsubishi Hitachi Power Systems (MHPS) announced the introduction of its JAC gas turbine—a new air-cooled J-series model. The JAC has flexible ramping capabilities, an impressive 64% efficiency, 99.5% reliability, and a combined cycle output of 575 MW. Furthermore, the design has been thoroughly tested, with more than 14,000 operating hours at T-Point, MHPS’s validation facility. The […]

  • New Jersey Considers Nuclear Subsidies for PSEG Plants

    New Jersey lawmakers are exploring whether to legislatively prop up future operation of two nuclear power plants in the state, holding a hearing on December 4 in which key stakeholders sounded off on how nuclear subsidies could affect the environment, the economy, and the power market. The hearing, jointly held by the state Senate Environment […]

  • Toshiba Will Make Remaining Vogtle Payments by mid-December

    Toshiba Corp. has agreed to accelerate its payments to Georgia Power to help the utility finance completion of the troubled Plant Vogtle nuclear expansion. The deal announced December 5 comes four days after a recommendation from state regulators that the project be abandoned if Georgia Power cannot make it financially viable, and also to lessen […]

  • Georgia Regulators: Change Vogtle Economics or Cancel Project

    A new analysis by staff at Georgia’s Public Service Commission (PSC) says continuing construction of two AP1000 reactors at the Plant Vogtle nuclear facility near Waynesboro, Georgia, is not economic, and the group says that unless Georgia Power agrees to modify its conditions for completing the project to ensure it will be financially viable, the […]

  • POWER Digest [December 2017]

    Construction Set to Begin on First Nuclear Plant in Turkey. Berat Albayrak, Turkey’s Energy and Natural Resources Minister, in mid-October said construction of the country’s first nuclear power plant would

  • Parts Exchange Program Saves Money, Keeps Xcel’s Turbine Fleet Spinning

    Keeping combustion turbines spinning at power plants across Xcel Energy’s service territory is critical to maintaining reliability and minimizing costs. One of the challenges to meeting that goal is

  • Will North American Energy Trade Wax or Wane Under Trump?

    Cross-border trade in energy—electricity, natural gas, and oil—has been an unanticipated boon to the U.S., Canada, and Mexico, exceeding $140 billion in 2015. The Trump administration’s antipathy toward

  • Turbomachinery & Pump Symposia Show Preview

    High-Pressure, Rotary Gear Pumps for Severe Applications  Northern Pump manufactures high-pressure, heavy-duty, positive-displacement, rotary gear pumps for industry, designed to perform in severe

  • GE Power Falters on Underperformance of Alstom Investment

    Weak earnings associated with General Electric’s (GE’s) underperforming $10.1 billion investment in Alstom have prompted the giant conglomerate to rejigger its power business and lean more heavily on other segments. GE Power, the company’s long-standing and lucrative business unit that has installed 1.6 GW of the world’s installed capacity over its 125-year history, has also […]

  • Exelon’s Digital Transformation [PODCAST]

    GE and Exelon announced a multi-year agreement to deploy GE’s portfolio of Predix software solutions across the energy company’s six electric utilities to further enhance reliability and efficient service to its more than 10 million customers. Exelon’s six utilities will use these advanced analytics to further strengthen transmission and delivery systems. POWER Executive Editor Aaron […]

  • More U.S. Coal Units Closing Despite Possible Market Pricing Change

    U.S. utilities continue to announce closures of financially troubled and older coal-fired power plants even as government officials work on a bailout plan to keep them operating. Owners of a coal plant in Montana that has only been online since 2006 informed the state’s Public Service Commission (PSC) last week of plans to shutter the […]

  • Siemens Will Consolidate Power Divisions, Cut 6,900 Jobs

    Siemens has announced it will cut 6,900 jobs, about half of them in Germany, over the next “several years” as the company consolidates its three power-related divisions. The November 16 announcement comes just days after U.S. power giant GE announced its own restructuring plan. Lisa Davis, a member of Siemens managing board, said in a […]

  • Dominion to Seek 80-Year Lifetime for North Anna Nuclear Reactors 

    Dominion Energy will formally ask the Nuclear Regulatory Commission (NRC) to relicense its two reactors at the North Anna Power Station for 20 more years—effectively extending their operating lives up to 80 years. Dominion Energy Virginia notified the federal regulatory body of its intent to relicense the two reactors in Louisa County, Virginia, which it […]

  • Emerson Offers New $29B Bid to Take Over Rockwell Automation

    Global technology and engineering giant Emerson renewed its bid for a $29 billion takeover of Rockwell Automation, the world’s largest dedicated industrial automation firm, saying it remained “convinced” a merger of the companies offered “compelling strategic, operational, and financial merit.” Emerson Chairman and CEO David Farr on November 16 sent Rockwell’s president and CEO, Blake […]

  • Utilities Prepare for Simulated Attack on U.S. Power Grid

    Utilities across the country are gearing up for an attack on the power grid November 15 and 16. Thankfully, it’s only a drill. But in the event of an actual emergency, a real physical and cyberattack on the U.S. electricity infrastructure, GridEx IV—a biennial exercise conducted by the North American Electric Reliability Corp. (NERC)—will help […]

  • Babcock & Wilcox Will Cut 30% of Renewable Workforce on Profitability Woes

    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 […]

  • 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 in Delaware is aimed at reducing the company’s debt, and four of EGTP’s five natural gas-fired power plants in Texas would be owned by lenders […]

  • House Proposed Tax Bill Ends Wind PTC, Extends Nuclear Credit

    The U.S. House of Representatives on November 2 proposed a tax bill that would phase out the wind energy production tax credit (PTC), extend a tax credit for the nuclear power industry, add credits for geothermal and fuel cell programs, and end a tax credit for the purchase of electric vehicles. Wind energy proponents decried […]

  • Connecticut, Ohio, Pennsylvania Make Substantive Gains for State Nuclear Subsidies

    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. […]

  • THE BIG PICTURE: Power Expenses (Infographic)

    The operating expenses at major U.S. investor-owned electric utilities have shifted over the last decade or so, owing primarily to changing fuel costs.

  • Beleaguered Eskom Starts Up Kusile’s First Supercritical Coal Unit

    Africa’s first major coal-fired power unit to implement flue gas desulfurization (FGD) has been completed nearly a year earlier than expected.  South Africa’s state-owned utility Eskom brought Kusile 1

  • POWER Digest [November 2017]

    Giant UK Tidal Lagoon Project Secures Grid Connection Deal. Tidal Lagoon Power’s project to build a full-scale 3.2-GW tidal lagoon power plant in the Severn Estuary in Swansea Bay to harness strong tides on

  • As Gas Power Generation Jumps in the EU, Bloc Guards Against Supply Disruptions

    Banking on natural gas as it moves away from coal, the European Union (EU) in September adopted new rules that require member states to help neighbors affected by supply disruptions.  The new rules adopted by

  • Columbia Nuclear Plant Shatters Generation Records in Quest for Reliability, Efficiency

    As the sole nuclear generator in the hydro-rich Pacific Northwest region, the Columbia Generating Station’s mission to provide safe, reliable, cost-effective, and carbon-free power has never been more

  • PJM: Can the Big Dog Deal with State Interference?

    The PJM Interconnection, the largest regional transmission operator in the U.S., faces many problems: adapting to state policies designed to skew power markets in the face of natural gas and renewable

  • Best Practices for Choosing a Predictive Maintenance Partner

    Predictive analytics software offers many benefits when appropriately selected. However, finding the best solution for a given situation can be tricky. The tips provided here could help power companies avoid