Business

Citing low natural gas prices, Duke Energy announced on Feb. 1 that it would shutter its 1920s-built Buck and Riverbend stations two years before the coal-fired plants were slated for retirement. The company had chosen to retire the plants just before April 2015, which is the compliance deadline for recently enacted federal environmental rules.

A newly announced resource strategy could require Duluth, Minn.–based Minnesota Power to convert its 110-MW Laskin Energy Center in Hoyt Lakes, Minn., to a natural gas peaking facility in 2015, install environmental upgrades at its 558-MW Clay Boswell Energy Center Unit 4 in Itasca County, and retire one of three coal-fired units at its 225-MW Taconite Harbor facility in Schroeder.

Sally Jewell, who has been CEO of REI, a privately held outdoor recreation gear retail corporation organized as a consumers’ cooperative, has been nominated as the next secretary of the interior, the White House announced on Wednesday.

The shift toward greater reliance on natural gas for power generation is not just a story of greater efficiency and lower emissions. There are also lurking risks to reliability unless the natural gas and electricity industries can plan carefully for the future.

Last October, the Federal Energy Regulatory Commission (FERC) announced that it was seeking a record $470 million penalty against Barclays Bank for manipulating California energy markets for several years in the late 2000s. The amount includes a $435 million fine as well as disgorgement of $35 million in profits Barclays gained from allegedly illegal trading. In addition, FERC levied hefty fines against several individual Barclays traders.

Rick Tempchin, executive director, Retail Energy Services for the Edison Electric Institute, talks about the impact of distributed energy resources on utilities and their customers.

Mississippi regulators last week approved a settlement with Mississippi Power that will allow the Southern Co. subsidiary to seek higher customer rates for rising costs associated with its 582-MW Kemper integrated gasification combined cycle (IGCC) plant under construction in Kemper County. On the day following that ruling, the utility asked the state for permission to recover $172 million for the 2013 regulatory year.

A settlement agreement reached with environmental group the Sierra Club last week may mean that Iowa’s largest utility, MidAmerican Energy Co., will switch 674 MW of coal-fired capacity to natural gas or other fuels by April 2016.

The Federal Energy Regulatory Commission (FERC) on Thursday proposed four reforms intended to reduce the time and cost to process transmission interconnection requests from generating facilities of 20 MW or smaller. The reforms would boost reliability by increasing energy supply and remove hurdles in the development of new renewable power sources, FERC said.

Secretary of the Interior Ken Salazar is the latest key administration official who plans to step down after the beginning of President Barack Obama’s second term on Jan. 21.

More than 107 GW of operating capacity in the U.S. electric power market were bought and sold over 2012, mostly as a result of three large mergers or acquisitions, the Energy Information Administration (EIA) found in an analysis of power plant capacity purchases released on Wednesday.

The announced resignation of Environmental Protection Agency (EPA) Administrator Lisa Jackson may as soon as this week be followed by one from Energy Secretary Steven Chu. Last week, meanwhile, Senate Republicans announced new committee assignments.

The fourth quarter of 2012 saw continued growth in gas power development, with at least 8 GW of new projects announced for the U.S. alone.

With gas supplies looking strong and a variety of factors exerting negative pressure on other generation resources, 2013 looks to be a solid year for gas-fired power.

Not everyone is thrilled to have a power plant go up in their neighborhood, but residents of a Michigan town in need of jobs and investment are celebrating theirs.

Hiring an owner’s engineer may add some upfront expense to your O&M budget, but over the long term, it can reap big savings in successfully navigating planned and unplanned outages.

As 2013 opens, the coal industry is waiting anxiously on a variety of proposals for regulating coal ash. A reclassification as hazardous waste could deal another blow to coal, but some industry observers suspect the worst is not yet to come.

A 2007 study sponsored by the Department of Homeland Security confirmed some of the industry’s worst fears about the grid’s vulnerability to terrorist attack. That study has remained under wraps until recently–and its findings are even worse than you may suspect.

Combined heat and power offers many advantages for distributed generation. But leveraging them requires some careful planning and forethought.

When the Kissimmee Utility Authority needed to fire up its customer outreach, it was time to turn up the gas and get cooking.

The pendulum has recently swung back against nuclear as gas-fired power has surged in response to low prices and abundant supplies. Can nuclear ever regain its edge?

The California Air Resources Board (CARB) recently kicked off a new era in its cap-and-trade program designed to reduce greenhouse gases (GHG) when it held its first GHG emissions allowance auction on November 14. While CARB pronounced the auction a success, the low price and lukewarm demand for allowances evidences market reticence to fully embrace the program.

North American shale gas was supposed to realign the generation fleet here and abroad (thanks to anticipated exports) far into the future. Turns out, that’s not exactly how the near term is shaping up. Despite stagnant (and even putrid) economies and legislative bodies in the U.S. and EU, there promises to be sufficient market volatility to keep everyone alert.

Exports of natural resources have given Russia increased global political and economic clout. But domestically, the world’s fourth-largest generator of electricity has had to embark on the most ambitious reforms ever undertaken to modernize dilapidated Soviet-era power infrastructure and incentivize a massive capacity expansion to support a revived economy.

Solar flares have proven destructive effects on transmission grids, but there are many other “black swan events” that threaten modern civilization. Experts disagree about which protective steps should be taken today.

Texas could again see tight power supplies in the summer of 2013 and beyond—with reserve margins dropping to 2.8% by 2022—even though the outlook has improved, the Electric Reliability Council of Texas (ERCOT) warned in its latest long-term outlook released on Monday.

Fuel for power generation will account for about 55% of demand-related energy growth through 2040, ExxonMobil forecasts in its freshly released annual energy forecast. Like several other forecasters, the Irving, Texas–based oil and gas company also predicts that natural gas will emerge as the leading source of electricity generation by 2040. Among key findings in […]

Following up on its series of conferences on gas-electric coordination this past summer, the Federal Energy Regulatory Commission appears ready to find some real solutions in 2013.