Business

The dramatic collapse in the price of oil—currently flirting with sub-$40/barrel levels—has naturally produced an explosion of commentary on its short- and long-term effects. One curious, though predictable, narrative is starting to emerge from the environmental left: The price collapse is the death knell to shale oil, and the U.S. oil boom—which was never a […]

Michigan Gov. Rick Snyder announced a series of deals designed to eliminate a costly utility rate payment in the state’s Upper Peninsula (UP), while providing long-term, cost-effective energy reliability for the region. The solution was developed through four principle agreements. In one, the electric utility businesses now owned by We Energies and Integrys (doing business […]

Düsseldorf, Germany–based energy supplier E.ON announced on Jan. 12 that it would sell its Italian coal and gas generation assets to Energetický a Průmyslový Holding (EPH), a Czech energy company. E.ON has been looking for a suitor for the Italian operations since at least Nov. 30 when it announced it was embarking on a new […]

Two giants in the power industry—Westinghouse Electric Co. and Bechtel Corp.—have formed an alliance to provide decontamination, decommissioning, and remediation services to U.S. commercial nuclear power plants. The alliance is expected to provide a full range of services, including pre-shutdown planning, characterization, decontamination, licensing, project development and management, dismantling, demolition, waste handling, and site closeout. […]

According to a story first reported by Amanda Levin of TheStreet.com, American Electric Power Co. (AEP) has retained the services of Goldman, Sachs & Co. in an effort to unload its 7,923-MW merchant generation fleet. AEP—headquartered in Columbus, Ohio—is one of the largest electric utilities in the U.S., serving over five million customers in 11 […]

Exelon’s R.E. Ginna Power Station in western New York may be the next U.S. nuclear plant to shut down in the face of competitive pressures if the company cannot get approval to substantially increase the rates it charges for the plant’s electricity. Ginna had a power purchase agreement with Rochester Gas & Electric that expired […]

The controversial Cape Wind power project planned for development off Nantucket Island in Massachusetts has suffered what may be a fatal blow, The Boston Globe reported today. According to the newspaper and several other independent reports, the two local utilities that had contracts to buy power from the offshore wind farm terminated their contracts as […]

The Black Oak Wind Farm project is an 11.9-MW wind facility under development in Tompkins County, N.Y., a few miles west of Ithaca. For the most part, Black Oak is unremarkable—the community-owned facility

The global power industry is becoming increasingly complex. Trends toward greater amounts of variable renewable energy are changing the requirements for conventional power plants. Energy market policies are

Candu Wins China’s Backing to Develop AFCR Projects. Candu Energy and the China National Nuclear Corp. on Nov. 10 signed a framework joint venture agreement to build Advanced Fuel CANDU Reactor (AFCR)

Over the last few years, it has become increasingly clear that a massive cyber-attack on the North American electric grid represents a serious threat to U.S. national security. Over time, a string of senior

Energy market dynamics in the U.S. continue to evolve. Regulatory developments, advancements in power plant technology, and fuel dynamics are transforming the industry. Although the outcome of these

“When pigs fly” is a figure of speech used to express disbelief that a particular situation will ever come to pass. For the power industry, several recent and emerging developments are the equivalent of

The power generation market continues to evolve due to fundamental changes in market forces. Ongoing opportunities exist to partner with utilities to support this evolutionary process. Leadership Is Key for

In 2013 the Mexican government passed historic reforms that eliminated the state’s monopoly on the energy sector in an effort to attract private investment. In the electricity sector, reform was sold on the

The rate of introduction of new gas turbine products has accelerated, and the speed of change creates challenges for engineering, procurement, and construction (EPC) contractors who are also coping with a

In mid-November, members of the POWER Generating Company Advisory Team responded via email to the following set of questions. Their comments have been edited for style. POWER: What changes in your fleet’s

The urge to merge, a key feature of the power industry for the past 20 years or so, showed no signs of slowing in 2014. Major players sought to beef up their asset portfolios and diversify their generating

From its modest origins as a way to shed load when the grid is stressed, demand response (DR) has grown to be a significant player in electricity markets. In the PJM region, demand response has accounted for as much as 14,833 MW of capacity, almost 10% of the total. Customer Gains and Generator Losses Demand […]

The effects of the January 2014 polar vortex have led to big changes in the PJM capacity market, as the board has approved changes to tighten up operations and improve reliability. The polar vortex storm of Jan. 6–8, 2014, saw temperatures plunge across the Midwest and Mid-Atlantic, causing a spike in demand for electricity and […]

POWER Associate Editor Aaron Larson recently interviewed LaMarr Barnes, vice president of marketing and business development for U.S. Water Services Inc. U.S. Water is a Minnesota-based integrated water treatment solutions provider that has developed a phosphorus-free cooling water treatment solution, which may be beneficial for power generation companies. Many power plants add phosphate-based treatments to […]

Electric utility spending and budgets for customer-funded energy efficiency programs have seen a 30% boost compared to 2010 levels and could double by 2025, thanks to expanding state policies, an updated report from the Institute for Electric Innovation (IEI) suggests. The report, “State Electric Efficiency Regulatory Frameworks,” outlines policy developments that support utility investments in […]

With the landslide re-election of Governor Jerry Brown, California looks certain to continue its suite of low-carbon policies, including the AB32 cap-and-trade program for greenhouse gases, energy efficiency programs funded to the tune of a billion dollars a year, and its renewables portfolio standard (RPS) of 33% by 2020. In fact, Gov. Brown has suggested […]

NextEra Energy Inc. and Hawaiian Electric Industries Inc. (HEI)—two companies with substantial renewable energy resources—agreed on Dec. 3 to combine in a transaction valued at roughly $4.3 billion. Currently, NextEra Energy’s principal subsidiaries include Florida Power & Light Co. (the third-largest electric utility in the U.S.), and NextEra Energy Resources (North America’s largest producer of […]

The Environmental Protection Agency’s (EPA’s) proposed carbon rules for existing power plants amassed more than 1.6 million remarks before the public comment period ended on Monday. Here’s a snapshot of what states, regulators, industry groups, and environmental alliances told the agency about its Clean Power Plan.  States Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, […]

E.ON—a major investor-owned energy supplier that manages facilities across Europe, Russia, North America, Brazil, and Turkey—announced this week that it will embark on a new corporate strategy focused on renewables, distribution networks, and customer solutions, while combining its power generation, global energy trading, and exploration and production businesses into a new, independent company. “We are […]

William D. Magwood, IV, formerly head of the U.S. Department of Energy’s Office of Nuclear Energy and commissioner at the U.S. Nuclear Regulatory Commission, and current director-general of the Organisation

“Pivoting” is a popular business buzzword, particularly in the context of startups, which often quickly change strategic direction. The global nuclear industry isn’t exactly a startup, but it is at or

EU Adopts Energy, Climate Targets for 2030. European Union (EU) leaders on Oct. 23 endorsed a binding target that will require all of the bloc’s 28 members to reduce greenhouse gas (GHG) emissions by at