Finance

Key Facts National Rural Utilities Cooperative Finance Corporation (CFC) selected FIS Commercial Lending Suite to consolidate loan origination and back office servicing. FIS Commercial Lending solution will consolidate CFC’s legacy lending systems into one fully integrated front to back solution JACKSONVILLE, Fla., October 28, 2020 – Financial technology leader FIS® (NYSE:FIS) today announced that it […]

At a time when deal activity in the energy and natural resources sector has slowed dramatically—down 26.2% globally year-on-year—one development in particular may define the industry’s near-term future. In mid-May 2020, French oil major Total opted not to pursue a deal, announced in 2019, to purchase the African assets of Anadarko Petroleum, a U.S. producer […]

Costs for wind and solar power systems have been declining for years thanks to technology improvements, economies of scale, and fierce competition in auctions. In the second half of 2019, the levelized cost of

Public Service Enterprise Group (PSEG), New Jersey’s giant utility, has become the latest major U.S. power company to seek an exit from the competitive generation business.  In a statement attached to the company’s second-quarter 2020 earnings results released on July 31, Ralph Izzo, PSEG chairman, president, and CEO, said the company is “exploring strategic alternatives” […]

The National Rural Electric Cooperative Association (NRECA) is working feverishly to get a provision into the next COVID-19 stimulus package that would allow electric cooperatives to reprice loans from the Rural Utilities Service (RUS) at current low interest rates without penalties. The change could save co-ops more than $10 billion. The RUS, which is a […]

The renewable energy sector was on a steep growth curve entering 2020 with a lot of experts predicting a record year. Then COVID-19 disrupted the entire world, causing trouble in supply chains and putting millions of workers in unemployment lines. However, a new report released by the American Council on Renewable Energy (ACORE), a renewable […]

Traditional models have been upended by recent disruptions, including decarbonization, decentralization, and even the COVID pandemic, but new ones are replacing them that focus on customer preference

The U.S. Department of Agriculture (USDA) said it will provide loans and loan guarantees to rural electric cooperatives and utilities to build or improve infrastructure in 21 states. The funding was announced on June 22 and amounts to more than $1.6 billion, including nearly $386 million for investments in smart grid technology, which uses digital […]

The global crash of prices for crude oil, on top of a prolonged slump in the price of natural gas, is taking a toll on the oil and gas sector. The coal industry also continues to suffer, as the supply of