Business

A recent encounter with a newspaper from 1901 got me thinking about the price of electricity over time and how it compares with price changes for other goods and services. Price Changes Over a Century The

Kelly Speakes-Backman Every day there is increasing evidence that we need to accelerate our nation’s transition to a cleaner energy infrastructure. The American Climate Prospectus released by the Risky

Eskom, South Africa’s largest utility, was established in 1923 as the Electricity Supply Commission and was converted into a public company, wholly owned by the government, in July 2002. Eskom produces about

In the latest move shaking up the gas turbine business, Siemens agreed to acquire oil and gas services company Dresser-Rand for $7.6 billion in cash. Dresser-Rand manufactures turbines and compressors for the oil and gas sector, and is a major supplier for upstream natural gas firms and pipeline companies. The deal comes after Siemens acquired […]

Power companies will retire more coal-fired generating capacity and retrofit much fewer units with environmental controls than estimated just two years ago, the Government Accountability Office (GAO) reveals in a new report. The report released on Tuesday finds that in response to shifting market conditions and four Environmental Protection Agency (EPA) rules (not including the […]

Regulators from six states shared starkly different views on the Environmental Protection Agency’s (EPA’s) proposed carbon rules for existing power plants at a House hearing on Tuesday. Some state-level officials said the EPA’s overall emission targets and suggested means to achieve them are based on unworkable and unrealistic assumptions about how state and regional power […]

The Montana Public Service Commission (MPSC) on Sept. 4 approved Northwestern Energy Corp.’s request to purchase 11 hydroelectric power plants in the state from PPL Montana for $880 million. The plants, which comprise PPL Montana’s entire hydroelectric profile, total 630 MW of generation. Nine are run-of-river plants; the other two, the Mystic Lake Dam in […]

They call themselves “Fractivists.” Environmental and community activists fearful of relatively new natural gas and oil drilling technologies that have transformed the U.S. energy economy have launched a high-profile, highly hyped campaign to shut down new natural gas production. But their prospects of success look dodgy. Ground Zero in the debate over fracking—shorthand for the […]

Cybersecurity threats facing the power industry have escalated dramatically in the past few years, as state-sponsored, organized crime, and hacktivist groups all seek to infiltrate U.S. energy infrastructure for cyber-espionage and sabotage purposes. A recent example of the severity of this threat can be seen in operation “Energetic Bear”—a Russian campaign to infect U.S. and […]

The Aug. 4–6 U.S.-Africa Leaders Summit shed light on the power plights faced by sub-Saharan African countries, but it also highlighted their massive power potential and the array of solutions under consideration to resolve Africa’s energy crisis. Here are a number of key insights gleaned from discussions at the summit—the first a U.S. president has […]