Finance
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Renewables
GE Power Falters on Underperformance of Alstom Investment
Weak earnings associated with General Electric’s (GE’s) underperforming $10.1 billion investment in Alstom have prompted the giant conglomerate to rejigger its power business and lean more heavily on other segments. GE Power, the company’s long-standing and lucrative business unit that has installed 1.6 GW of the world’s installed capacity over its 125-year history, has also […]
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Renewables
Exelon Subsidiary Files Bankruptcy; Lenders Would Take Over Four Plants
ExGen Texas Power (EGTP) Holdings LLC and ExGen Texas Power LLC, a subsidiary of Exelon Corp., on November 7 filed for Chapter 11 bankruptcy. The filing in U.S. Bankruptcy Court in Delaware is aimed at reducing the company’s debt, and four of EGTP’s five natural gas-fired power plants in Texas would be owned by lenders […]
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Nuclear
SCANA Hit with New Subpoena From SEC
SCANA Corp., already under federal and state scrutiny for how it handled the now-abandoned V.C. Summer nuclear expansion, has been served with a document subpoena by the U.S. Securities and Exchange Commission (SEC). SCANA said in a news release that it intends to fully cooperate with the investigation of the nuclear project. The development follows […]
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Legal & Regulatory
How Power Sector Deregulation Is Affecting Mexico [PODCAST]
Mexico’s energy reform began in 2013. It has opened up key parts of the country’s electricity sector to new market participants, foreign investors, and innovative technology. Prior to the reform, Mexico operated under a traditional, vertically integrated model with the state-owned Federal Electricity Commission (CFE) responsible for all power supply functions from generation to distribution. […]
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Legal & Regulatory
Offshore Wind Contract Conundrum Heads to Supreme Court
The English Supreme Court is due to hear an appeal on the long-running dispute in connection with the Robin Rigg Offshore Wind Farm. The decision promises to be significant for the offshore wind industry, its
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Legal & Regulatory
Technology Risk Insurance Broadens Power Project Financing Options
Power project financing demands are constantly changing. The current model for structuring project finance transactions began with the emergence of independent power producers (IPPs). Many IPPs only wanted to
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Coal
[UPDATED] Dynegy Rethinks Illinois Ventures Amid Market Turmoil
As Dynegy moved this week to assume full ownership of two struggling Ohio coal plants it co-owns with AES Corp. subsidiary DPL Inc., the company’s CEO reportedly said it is mulling withdrawing its presence from downstate Illinois owing to the state’s intervention to keep its nuclear plants running. Dynegy CEO Robert Flexon told Crain’s Chicago Business […]
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Coal
Coal Industry Cautious About Future Growth, Trump Rhetoric
While investor interest in U.S. coal production is seeing a revival, President Donald Trump can do little to directly help the flailing industry, coal producers and investors said at CERAweek by IHS Market, which is taking place in Houston this week. After a period of financial calamity that was prompted by the collapse of natural […]
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Finance
New and Improved Insurance Offerings Provide Power Plants with More Options
Risk is inherent in all businesses, but power plants face unique perils that require the right protection. Property and casualty insurance may not be enough; equipment breakdown, business interruption, weather risk transfer, and cyber coverage are just a few examples of insurance that may also be worth considering. The right coverage could mean the difference […]
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