Business

After nearly two months of wooing, General Electric (GE) is finally going to get what it wants. On June 21, GE announced that the Alstom Board of Directors had chosen the GE offer to acquire the power and grid businesses over a separate offer proposed by Siemens and Mitsubishi Heavy Industries. GE said the offer […]

The Senate Energy and Natural Resources Committee on Wednesday managed a contentious 13–9 vote to approve President Obama’s nomination of Norman Bay to become head of the Federal Energy Regulatory Commission (FERC). Before the vote, the committee’s chair, Sen. Mary Landrieu (D-La.) said the White House and Senate Majority Leader Harry Reid (D-Nev.) had agreed […]

Most issues concerning resource adequacy have arisen in the context of restructured wholesale and retail electric markets, rather than from traditionally regulated electric markets, a new study from the Electric Markets Research Foundation (EMRF) suggests.  The nonprofit EMRF,  established in 2012 by “academics and other experts” to fund studies on electric market issues, notes in […]

Siemens AG and Mitsubishi Heavy Industries Ltd. (MHI) announced on June 16 that they have submitted a proposal to Alstom, the French multinational conglomerate. The offer comes less than a week after the companies confirmed that they were considering a joint proposal and less than 2 months after General Electric (GE) made an offer to […]

While General Electric (GE) waits for the French government to approve its bid for Alstom’s power and grid divisions, other companies are using the time to consider offers of their own. On June 11, Siemens AG and Mitsubishi Heavy Industries (MHI) announced that they are joining forces to evaluate a potential proposal for Alstom. The […]

A report released this week by Moody’s Investors Service provides an interesting analysis of two companies knee-deep in nuclear plant construction projects. The peer comparison takes a look at Georgia Power Co.—a Southern Co. subsidiary—and South Carolina Electric & Gas Co. (SCE&G)—a SCANA Corp. subsidiary. Georgia Power is adding two new units to its Alvin […]

The Department of Energy’s (DOE’s) loan programs have made more than $30 billion in loans and loan guarantees, but it has not fully developed or consistently stuck to loan monitoring policies, an official from the Government Accountability Office testified before a House subcommittee on May 30.  Congress authorized the Loan Guarantee Program (LGP) in 2005 […]

The Department of Commerce preliminarily ruled that China is subsidizing certain crystalline silicone photovoltaic (PV) products at a rate of 18.56% to 35.21%, marking another win for SolarWorld.  Commerce announced its affirmative preliminary determination in a new countervailing duty (CVD) investigation on imports of PV cells, modules, laminates, and panels. The agency calculated a preliminary […]

NRG Energy’s shopping spree, which has seen it become the nation’s largest merchant generator through a string of acquisitions, continued this week as subsidiary NRG Yield announced on June 4 that it has agreed to acquire the mammoth Alta Wind facility in Tehachapi, Calif., from Terra-Gen Power LLC. The Alta Wind farm has an operating […]

South Africa’s critical power situation has been the subject of much talk and speculation since 2008, when the country experienced its first electricity crisis after enjoying a surplus of cheap electrcity since the 1980’s. Download the report.

Todd Hillman As hurricane season begins this year, utilities across the Gulf Coast will have a new partner as they work to keep the lights on after extreme weather events. Starting in late 2013, the

Forty years ago, musical genius Paul Simon outlined “50 Ways to Leave Your Lover.” In New Orleans in early April at the ELECTRIC POWER Conference, Mike Firstenberg of Waterfall Security Solutions laid out

We all know someone who either is, or was, in the military. In fact, many utility industry professionals were once in the military themselves. Personnel learn many valuable lessons in the armed forces

Climate change is changing the odds of extreme weather events, Entergy’s Rod West told the audience at the opening keynote session of ELECTRIC POWER 2014. West, who serves as Entergy’s executive vice

Everyone, it seems. From Bloomberg Businessweek to Rolling Stone, from ELECTRIC POWER (EP) to Platts Global Power Markets conferences, this spring everyone was talking about climate change. The topic is no

New rules adopted by the European Commission (EC) in April will gradually phase out renewable energy subsidies that currently bolster the European Union’s (EU’s) €48-billion-a-year clean energy

Australia Releases Emissions Reduction Fund White Paper. Australia’s Ministry of Environment on April 24 released its Emissions Reduction Fund (ERF) White Paper, formally setting out the final design of the

With 4.4 million customers and nearly 46 GW of generating capacity, Atlanta-based Southern Co. has doubled the size of its supervisory control and data acquisition (SCADA) system in the past three years and

After two years of work, about a dozen conferences and meetings, and multiple rounds of comments, the Federal Energy Regulatory Commission (FERC) announced on Mar. 20 that it was ready to begin the process of

The North American Electric Reliability Corp. Critical Infrastructure Protection (NERC CIP) standards Version 5 represents the first major change in requirements and approach since its predecessor, Urgent

Generators of electric power face a big effort to comply with the upcoming North American Electric Reliability Corp. Critical Infrastructure Protection (NERC CIP) Version 5 (V5) cybersecurity standards

On August 14, 2003, large parts of the Northeast and Midwest of the U.S. and the Canadian province of Ontario experienced one of the largest blackouts in history: 61,000 MW of electric load were lost

As of May 16, the Department of Energy (DOE) will no longer collect the one-tenth-of-a-cent fee per kilowatt-hour of power generated by nuclear plants that was set by the Nuclear Waste Policy Act of 1982.  In a letter dated May 12, the DOE notified generators storing spent nuclear fuel that is meant to be disposed of […]

The $930.7 million proposal by the Nuclear Regulatory Commission (NRC) to recover 90% of its budget authority through licensing, inspection, and annual fees to be charged to U.S. nuclear generators in fiscal year (FY) 2014 is a 7.7% hike from the year before, but it is “unjustified,” given the decline in the number of operating […]

New York Attorney General Eric Schneiderman on Tuesday announced his office would propose legislation that would require electric and gas utilities to assess and document their systems’ vulnerability to climate change. Though Schneiderman hasn’t yet set a date for when his office will propose the state bill, the legislation is likely to establish a framework […]

For the first time ever, the U.S. has filed criminal charges against known state actors for hacking U.S. interests. A grand jury in the Western District of Pennsylvania indicted five Chinese military hackers for computer hacking, economic espionage, and other offenses directed at six American victims in the U.S. nuclear power, metals, and solar products […]

General Electric’s (GE’s) $16.9 billion bid for rival Alstom’s power and grid divisions has set in motion a drama that seems certain to shake up the generation sector worldwide. GE and Alstom announced the all-cash offer, consisting of $13.5 billion in enterprise value and $3.4 billion in net cash, on April 30. Rumors of the […]

A report released on May 5 by staffing firm Manpower suggests that utilities are under a “double squeeze”—a shortage of skilled workers at both the entry and senior level—caused by an aging workforce, advances in technology, and a breakdown in the educational system. In its report, “Strategies to Fuel the Energy Workforce,” Manpower noted that […]

Gas, wind, and solar are it for any new generation in North America for the next five to 10 years (with a few one-offs), speakers at this year’s Platts Global Power Markets conference agreed. The annual event for those involved in power project development, financing, and litigation was held in Las Vegas Apr. 7 to […]

The 59-MW Gyeonggi Green Energy fuel cell park (Figure 3) in South Korea’s Hwasung City—one of the world’s largest fuel cell facilities—began operation in February. The five-acre facility built by