Archive: Business

AES Shady Point coal plant near Poteau, Oklahoma. Courtesy: AES Shady Point

Oklahoma Coal Plant Sets Closing Date After Losing PPA

An executive with the AES Shady Point coal-fired power plant in Oklahoma said the facility could close as soon as January after being notified its power purchase agreement (PPA) will not be extended. Oklahoma Gas & Electric Co. (OG&E) this month said it will not execute another five-year extension of a PPA between the two […]

coal_power_plant_wikipedia

Coal’s ACE in the Hole? New Rule Still Faces Headwinds

The Trump administration has extended a potential lifeline to coal-fired power plants with its Affordable Clean Energy (ACE) rule. Now the debate is about how much the plan will actually help coal generation. Energy analysts and other industry experts who spoke with POWER on August 28 say the new rule, which would give individual states the […]

sulzerame053_new_lathe_pic1_b-1024x731

Sulzer expands facility capability with new lathe

Industrial gas turbines are increasing in size. As a result of this, repair facilities that overhaul and repair these machines must keep pace. One of the key tools is a large lathe. As one of the leading industrial gas turbine and rotor repair providers in the world, Sulzer has recently upgraded its service center in

Plant Vogtle expansion July 2018

Fate of Vogtle Nuclear Expansion Hinges on Minority Owners

On August 8, Georgia Power announced that its revised capital and construction cost forecast for its share of the Plant Vogtle expansion project had increased from $7.3 billion to $8.4 billion, based on a revised cost-to-complete estimate from Southern Nuclear. The news was softened somewhat by Georgia Power’s declaration that significant construction progress had been […]

POWER Podcast art-final

Power Market Is Changing — Distributed Energy Gaining Ground [PODCAST]

The power market is changing. It’s being driven more and more by the retail side of the business, according to Roy Palk, Esq., president of New Horizons Consulting. Palk will give a presentation titled “The Rise of Distributed Energy — New Challenges Bring New Opportunities” during the Distributed Energy Conference, which will be held at […]

PWR_050116_DERBatteries_Splash

Storage Bringing Change to Energy Markets

Energy industry experts speaking at the MEGA Symposium in Baltimore, Maryland, on August 21 agreed that storage is becoming more important to the overall mix of U.S. power sources. They also said utility-scale storage solutions remain “years away,” even as technology advancements in battery systems occur more rapidly. Panelists at the session entitled “The Transformation […]

Stock_Cybersecurity_Skazama

A Brief History of the Clean Power Plan (VIDEO)

The Environmental Protection Agency (EPA) released a proposed rule to replace the Clean Power Plan—a rule regulating greenhouse gas emissions (GHG) from existing coal-fired power plants. The new “Affordable Clean Energy” rule sets GHG guidelines for states to set standards for performance for existing coal-fired power plants. The proposal is the newest development in a […]

The Navajo Generating Station, near Page, Arizona, serves electric customers in Arizona, Nevada, and California. The station also supplies energy to pump water through the Central Arizona Project.
More info: http://www.srpnet.com/about/stations/navajo.aspx

Potential Navajo Station Operator—Less Capacity Equals More Profit

The possible new operator of the largest coal-fired power plant in the western U.S. told Arizona regulators this week the company would run the Navajo Generating Station (NGS) at less than half its installed generation capacity in order to maintain profitability. An official for Illinois-based Middle River Power (MRP) also said the plant would operate […]

Sanmen1_AP1000_SNTPC

World’s First AP1000 Nuclear Reactor Reaches Full Power

The world’s first AP1000 nuclear reactor—Sanmen 1 in China’s Zhejiang province—commenced 100%  power operation for the first time on August 11, China National Nuclear Corp. (CNNC) said. Sanmen 1 was connected to the grid on June 30. Earlier this year, China also put online Unit 5 of the Yangjiang Nuclear Plant on May 23, and Taishan 1, an EPR, on […]

ABBRownOverallView2485

Group: Indiana Should Reject Vectren Plan for New Gas-Fired Plant

An Indiana consumer protection agency has told state regulators they should reject Vectren Corp.’s plan to build a new natural gas-fired power plant in the state. Vectren wants the plant to replace four of the utility’s retiring coal-fired units. Indiana’s Office of Utility Consumer Counselor (OUCC) on August 13 said it completed a five-month legal […]

Siemens CEO Joe Kaeser Courtesy: Siemens

Siemens Combining Business Units as Part of New Strategy

Siemens reported a 2% rise in industrial profit for its fiscal third quarter on August 2, topping analyst forecasts, though the German engineering giant also reported that revenue for the quarter dropped 4%. The earnings report comes as the company prepares to implement a new strategy that cuts its number of business divisions. The company […]