Finance

The Department of Energy’s (DOE’s) loan programs have made more than $30 billion in loans and loan guarantees, but it has not fully developed or consistently stuck to loan monitoring policies, an official from the Government Accountability Office testified before a House subcommittee on May 30.  Congress authorized the Loan Guarantee Program (LGP) in 2005 […]

All power plants must continually strive to control operating expenses, but it is particularly important for coal-fired facilities to cut costs these days to stay competitive while meeting ever-more-stringent

After years of dithering on energy policy, the UK government has nearly finalized its plans for electricity market reform. Guaranteed prices for low-carbon power, plus a carbon floor price to discourage the

Netherlands to Ban Financing of Coal Plants Abroad. The Netherlands on Mar. 24 joined an initiative of the U.S., the UK, Denmark, Finland, Iceland, Norway, and Sweden to reach a global climate change agreement

Exelon Corp. and Pepco Holdings Inc. announced on April 30 that they have reached an agreement to combine the two companies. Assuming all approvals are received, Exelon will acquire Pepco in an all-cash deal valued at $6.83 billion, which represents a 24.7% premium to the volume-weighted average share price over the last 20 trading days […]

Energy Future Holdings Corp. (EFH)—the Dallas-based holding company whose portfolio includes Luminant and TXU Energy—filed for Chapter 11 bankruptcy protection today. With support of key financial stakeholders, the company reached an agreement on a restructuring plan that it says will reduce debt, lower annual interest costs, allow access to additional capital, and create a sustainable […]

Ten witnesses from federal and state regulatory agencies, a public power entity, environmental groups, and power companies today outlined a number of threats to the bulk power system’s reliability in a Senate hearing to assess whether enough was being done to keep the lights on. General measures to address day-to-day issues affecting reliability—such as tree […]

I spent the week before this issue went to press at IHS Energy’s CERAWeek in Houston, listening and talking to many of the attendees representing 55 countries during the annual event that examines strategic

Avoiding what could have been a nasty, expensive fight over costs stemming from the early retirement of the San Onofre Nuclear Generating Station (SONGS) last year, plant co-owners Southern California Edison (SCE) and San Diego Gas & Electric (SDG&E) reached a settlement with the state Office of Ratepayer Advocates on March 27 that will potentially […]

Source: POWER During IHS CERAWeek in Houston in early March, POWER Editor Gail Reitenbach sat down with Heiner Markhoff, president and CEO of GE Power & Water’s Water & Process Technologies, to ask him about several issues of concern to power plants.  Though the “water/energy nexus” theme has gained prominence recently, Heiner Markhoff’s comments underscored […]