Archive: Business

A Legal Guide to Power Generation Mergers and Acquisitions

A myriad of issues come into play when parties execute power industry mergers and acquisitions. Part 1 of this two-part series examines what dealmakers need to know before making any transactions

Pioneer PSEG Improves Performance

PSEG is faced with providing economic and reliable power as demand and fuel prices fluctuate, while maintaining a profitable business.

Equipment Showcase: Valves, Piping, and Fittings

Proper valves, pipes, and fittings are important for successful operation of power generation facilities. This equipment includes products with versatile designs to establish effective joining and sealing

Report: Investments in Coal Risky, Billions in Assets Could Be Stranded

A study from a London-based group focused on financial aspects of the energy industry said up to $60 billion of coal-fired power generation assets may be stranded in Southeast Asia in the next 10 years. The study released this week by Carbon Tracker said renewable energy resources and more-stringent environmental policies make investments in new […]

More Losses for FirstEnergy; FES Seeks Policy Support Amid Bankruptcy

Despite significant milestones to become a fully regulated utility, FirstEnergy Corp. on October 25 reported third-quarter losses of $512 million on revenue of $3.1 billion. The results largely reflect charges related to the court-approved settlement in the bankruptcy cases of its competitive subsidiaries FirstEnergy Solutions (FES) and FirstEnergy Nuclear Operating Co. (FENOC), the company said. […]

Three Newly Approved CIP Reliability Standards for Cybersecurity Will Be Costly

Entities with industrial control systems (ICS) associated with bulk electric system (BES) operations must develop and implement plans that include security controls for supply chain management, the Federal Energy Regulatory Commission (FERC) ordered in a final rule that formally adopts three new critical infrastructure protection (CIP) reliability standards.  FERC on October 18 issued Order No. […]

NRG Renews Emphasis on Retail with PPA-Free Renewables Service

NRG Energy, which recently shed a substantial portion of its competitive generation portfolio and has shifted efforts to stimulate growth of its retail business, unveiled a simplified renewables procurement process that does not require a power purchase agreement (PPA).  The company on October 18 launched “Renewable Select,” a plan that it says transforms the “lengthy […]