Business

GenOn has begun its transition back into a standalone power generation company after NRG Energy—which acquired it in a $1.7 billion deal just five years ago—struck a comprehensive restructuring agreement with GenOn’s creditors, and GenOn filed for Chapter 11 protection. A June 14 financial filing confirms that NRG, GenOn, and an ad hoc group of […]

Mississippi Power’s Kemper County integrated gasification combined cycle (IGCC) project is now expected to be in service by the end of June, but the company expects it will need post in-service improvements. It also said timing of when it will file a case to address the recovery of costs not currently reflected in rates is uncertain. […]

Kansas City Power & Light Co. (KCP&L) plans to retire five coal-fired generating units at two stations by the end of next year. It will also close, by December 31, 2019, a unit that was just converted from coal to gas last year. The decision is part of “the company’s commitment to a sustainable energy […]

Southern Co. announced yet another lag beyond a new in-service date for its Kemper County integrated gasification combined cycle (IGCC) project. Along with concerns about delays and mounting cost increases afflicting the plant’s coal gasification component are how it will be used in the face of cheap gas prices. The company’s subsidiary Mississippi Power last […]

A lot of different methods are available to encourage compliance with company policies and regulations, but some are more effective than others. One that has worked well for GE and its customers inspires

The human brain is an amazing thing, but it has limitations. However, with the advent of machine learning, the limitations of the human brain no longer have to be the limitations of civilization. Machine

In May, GE’s Power Services and Ansaldo Energia separately completed initial validation of two gas turbines designed for high efficiency and flexibility: the 9EMax and the GT36. GE also announced first fire

India Joins IEA as an Association Country. India joined the International Energy Agency (IEA) as an association country on March 30, marking a significant move for the country into global energy affairs. The

The English Supreme Court is due to hear an appeal on the long-running dispute in connection with the Robin Rigg Offshore Wind Farm. The decision promises to be significant for the offshore wind industry, its

Exelon Corp. said it plans to retire the Three Mile Island (TMI) nuclear power plant around September 30, 2019, unless policy reforms are enacted in Pennsylvania. The company used a similar ploy in Illinois to pressure lawmakers into passing the state’s Future Energy Jobs bill, which provides subsidies for nuclear power plants. In that case, Exelon […]

Under a proposed restructuring agreement, NRG Energy will hand over 100% equity of GenOn Energy, a wholesale generation company it acquired in a $1.7 billion deal in 2012, to the company’s bondholders once GenOn emerges from voluntary Chapter 11 restructuring. NRG, GenOn, and an ad hoc group of GenOn noteholders reached a mutual cooperation agreement […]

Two nuclear plants owned by Exelon Corp. in Illinois and Pennsylvania failed to clear PJM Interconnection’s latest annual capacity auction, putting one of those financially crippled units at risk of early retirement. Meanwhile, procurements for solar, wind, and demand response fell dramatically compared to last year, and drastic price declines could roil the market for […]

Ohio-based FirstEnergy’s plan for a rescue of its two uncompetitive Ohio nuclear plants took a nosedive May 17, as the Ohio House Public Utilities Committee suspended action on the company’s proposal to charge its customers a fee to subsidize the plants. FirstEnergy’s plan mimics programs adopted in Illinois and New York to create “zero energy […]

The flood of cheap Marcellus Shale gas driving massive construction of new natural gas power generation capacity could wreak havoc in the PJM power market, Moody’s Investors Service suggests in a new report. Two of the nation’s largest power markets, Texas and California, already pose a “distressed environment” for unregulated power companies owing to declining […]

Dominion Resources, one of the nation’s largest power generators, has changed its name and the names of key subsidiaries, including Dominion Virginia Power. The Richmond, Va.–headquartered company that has a power portfolio of 26.2 GW, sizable transmission assets, as well as natural gas storage systems and pipelines, will now be known as “Dominion Energy.” The […]

The owners of the Vogtle and V.C. Summer nuclear expansions separately secured a few more weeks to allow work to continue onsite at each project while they decide how to proceed with the half-built AP1000 reactors after Westinghouse’s financial debacle. In Georgia, owners of the project to expand Plant Vogtle extended an interim assessment agreement […]

The recent announcement by Westinghouse Electric Co. that it had filed for bankruptcy sent a shockwave through the nuclear power industry. It wasn’t a secret that the company was struggling financially as a

UK Gives First Consent for Hinkley Point C EPRs. The UK’s Office for Nuclear Regulation (ONR) on March 27 gave its approval to allow a consortium to begin placing structural concrete for a series of

Community choice aggregation (CCA) is only allowed in seven states currently, but recent developments in California have investor-owned utilities there worried. They fear losing up to 80% of their retail load

New York’s electricity system and markets face a blizzard of changes, driven by policy, politics, and economic forces. The New York Independent System Operator and the New York State Energy Research and

A flood of renewable capacity in the European Union is forcing member countries to consider grid upgrades that offer a more substantial power supply management role to distribution system operators. Lee

Power project financing demands are constantly changing. The current model for structuring project finance transactions began with the emergence of independent power producers (IPPs). Many IPPs only wanted to

Community choice aggregation (CCA) continues to emerge as a favorite tool for towns, cities, and counties interested in pursuing local control over their energy supply, increased renewable electricity

As Dynegy moved this week to assume full ownership of two struggling Ohio coal plants it co-owns with AES Corp. subsidiary DPL Inc., the company’s CEO reportedly said it is mulling withdrawing its presence from downstate Illinois owing to the state’s intervention to keep its nuclear plants running. Dynegy CEO Robert Flexon told Crain’s Chicago Business […]

A decade ago, the annual Platts nuclear energy conference in Washington was brimming with optimism over a coming “nuclear renaissance,” as licensing requests poured into the Nuclear Regulatory Commission

The U.S. should capitalize on China’s formidable experience to put its own domestic solar power sector on a more “economically sensible” path, researchers from Stanford University said in a new report. The March 21–released report, “The New Solar System,” which was funded by a research grant from the U.S. Department of Energy (DOE), offers a […]

Crippled by financial setbacks stemming from the half-built AP1000 reactor projects in Georgia and South Carolina, Westinghouse Electric Co., a company with a storied legacy symbolic of American nuclear power, has taken the desperate step of filing for bankruptcy protection. While owners of the two nuclear construction projects are monitoring the situation, the development could […]

Several U.S. states have passed, or are mulling, programs that expand state aid to financially distressed nuclear reactors in a bid to keep them open for economic and environmental reasons. Generators that operate in competitive wholesale markets are perturbed by these measures, which they say amount to nuclear “bailouts.” —Sonal Patel, associate editor (@POWERmagazine, @sonalcpatel) […]

Siemens has installed the prototype of its towering 8-MW offshore direct-drive wind turbine at a national test center in Østerild, Denmark, marking the company’s foray into the global race to develop mega–wind turbines. The new offshore turbine was installed on a steel tower at a hub height of 120 meters (m) in late January (Figure […]

A long-term energy strategy unveiled by leaders of the United Arab Emirates (UAE) in early January suggests that the federation on the Arabian Peninsula will increasingly rely on renewables to power its soaring economic growth. The UAE’s energy strategy was unveiled by Vice President Sheikh Mohammed bin Rashid Al Maktoum, who is prime minister of […]