Business

Following a press briefing this morning, President Barack Obama signed new executive orders intended to spur “swift action” on both U.S. economic recovery and American energy independence.

The power industry will be challenged in the coming year to chart its strategic direction and meet investor expectations, although business conditions should take a turn for the better going into 2010.

Concern about the shortage of skilled workers for the energy industry has grown considerably over the past few years. Most discussions have focused on the shortage of engineers, but recently concerns about the scarcity of technical crafts have arisen as well.

Most forecasting reports concentrate on political or regulatory events to predict future industry trends. Frequently overlooked are the more empirical performance trends of the principal power generation technologies. Solomon & Associates queried its many power plant performance databases and crunched some numbers for us to identify those trends.

Courtesy: Platts Data source: Platts Energy Advantage and POWERmap. All rights reserved.

News items of interest to power industry professionals. GE Hitachi Nuclear Trade Delegation to India Postponed. In late November, GE Hitachi Nuclear Energy (GEH) announced that its president and CEO, Jack Fuller, would lead a 50-member U.S. trade mission to India Dec. 2–9. It was to be the first civilian nuclear energy delegation to visit […]

The U.S. power industry’s story in 2009 will be all about change, to borrow a now-familiar theme. Though the new administration’s policy specifics hadn’t been revealed as POWER editors prepared this report, it appears that flat load growth in 2009 will give the new administration a unique opportunity to formulate new energy policy without risking that the lights will go out.

Two days before Christmas, the Federal Appeals Court for the District of Columbia reinstated (PDF) the Clean Air Interstate Rule (CAIR) while the Environmental Protection Agency (EPA) makes changes to it. Judge Judith W. Rogers said, "The parties’ persuasive demonstration, extending beyond short-term health benefits to impacts on planning by states and industry with respect to […]

In the past two days, numerous news outlets have reported that president-elect Barack Obama will nominate Nobel Prize winner Steven Chu, director of the Lawrence Berkeley National Laboratory, to become the next secretary of energy. If he is officially announced and then confirmed, Chu will become the 12th individual to lead the Department of Energy. Do you remember the 11 who preceded him, starting in 1977?

Call it the "trillion dollar conundrum." Really big money is needed to equip the U.S. transmission system to handle a variety of new requirements and increased load, but it isn’t clear how to raise it, spend it, or recover it. Expect new renewables projects to die on the vine until the gridlock loosens.