Business

From deregulation and restructuring to new technology and globalization, the power industry has undergone dramatic changes over the past few decades. Falling barriers to entry have led to the rise of small and independent power producers, and empowered consumers with choices when it comes to where to purchase their energy. These changes have transformed a […]

Siemens claims to be paving the way for the next level of efficiency with the development of its HL-class gas turbine. In June 2017, the company announced it will validate the technology at Duke Energy’s Lincoln County site in North Carolina. Siemens is developing this class in an evolutionary development step derived from its proven […]

Georgia Public Service Commission (PSC) Chairman Stan Wise said his agency was “not going to make a decision to discontinue” construction of two new nuclear reactors at Plant Vogtle, instead putting the decision squarely in the hands of Southern Co. and Georgia Power at the PSC’s December 21 meeting to determine the fate of the […]

State regulators in Georgia have voted not to cancel the troubled nuclear expansion project at the Vogtle Electric Generating Plant near Waynesboro, Georgia, and lead owner Georgia Power has agreed to a set of conditions that the utility must meet in order to continue the project. Georgia Power is one of four utilities with a […]

A bill backed by outgoing New Jersey Gov. Chris Christie (R) to subsidize the state’s nuclear power plants unanimously passed a joint committee on December 20 and now heads to the full legislature for a vote. S.3560, introduced on December 14, directs the Board of Public Utilities to issue Nuclear Diversity Certificates (NDCs) to nuclear power […]

A Michigan utility will build a $500 million natural gas-fired power plant on the site of an existing coal-fired plant in Lansing, and plans to retire the coal plant and another coal-fired facility in the town in the next few years. Lansing’s Board of Water & Light (BWL) announced the project December 18. The city-owned […]

A leading-edge operations center opens in New York The New York Power Authority (NYPA) has taken a huge step forward in increasing the efficiency of its operations with the opening of its new Integrated Smart Operations Center (iSOC), which harnesses the capabilities of state-of-the-art digitization technologies. The center, located in White Plains, N.Y., was officially […]

It’s become a cliché that government would be better if it were only run by private-sector managers using standard business practices. However, there are significant differences between the private sector and government. This quiz is designed to test your knowledge of those differences. Create your own user feedback survey To learn 18 more differences, read “25 Differences Between […]

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 […]

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 […]

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 […]

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, […]

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 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 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 […]

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 […]

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

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

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

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

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 […]

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 […]

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 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 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 […]

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 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 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 […]

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 […]

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 […]