52-MWac FL Solar 5 project to produce low-cost, renewable electricity for Reedy Creek Improvement District NEW YORK--(BUSINESS WIRE)--Wells Fargo (NYSE: WFC) announced it has committed the capital in construction debt,…
Finance
Electric cooperatives in the U.S. have vastly accelerated solar power installments. Today, they own or purchase more than nine times as much solar photovoltaic (PV) power as they did in…
For the first time since it began conducting sector outlooks, Moody’s Investors Service has downgraded the regulated utility sector from stable to negative. The new outlook reflects a surge in…
Marking an important milestone in energy storage’s steady charge to become a key element in balancing variability posed by renewables, ACCIONA Energia has received a prototype certificate from DNV GL…
FirstEnergy Corp. will close four uneconomic nuclear units—a total of 4 GW—in Ohio and Pennsylvania between 2020 and 2021, the company’s competitive arm notified PJM Interconnection on March 28. FirstEnergy…
Markets may currently favor natural gas, but coal, which has been diminished for “good reason,” will likely have a significant place as a reliable fuel for power generation, a diverse…
GE has launched a three-part strategy to address a dismal outlook for its power division that will involve operating in a “leaner, more cost-efficient way,” the company’s head told investors…
One of the most important items on President Trump’s first-year agenda was the implementation of tax reform in the U.S. Republican lawmakers worked tirelessly as the calendar year drew to…
Westinghouse Electric Co., a company that is emerging from a bankruptcy stemming from the half-built AP1000 reactor projects in Georgia and South Carolina, is to be acquired from Toshiba Corp.…
New Jersey’s full Senate is scheduled on January 4 to vote on a bill to subsidize two of the state’s nuclear power plants. However, industry observers posit that the measure…