Finance

South Africa has the largest carbon footprint in Africa and contributes 40% of the total CO2 emissions in the continent. As the world evolves in response to climate change concerns, the way business is done in South Africa will need to change. In addition to the critical need for every business to contribute to broadly […]

The Energy Information Administration (EIA) in February 2020 published capital costs and performance characteristic estimates for 25 new electric power generating technologies. These estimates come from global engineering and design firm Sargent & Lundy (S&L), which the EIA commissioned to help accurately reflect the changing cost of new power generation technologies for the Annual Energy […]

OPG Reaches First Criticality at Darlington 2, Delays Work at Unit 3. Ontario Power Generation’s (OPG’s) Darlington Unit 2 reactor, the first of four reactors the company is overhauling at the Darlington

How companies respond to the COVID-19 pandemic will determine their public reputations, and those of their leaders and key employees, for years if not decades. This, along with public safety, is why “Priority Number One” for the CEOs of power producers, utilities, and grid operators is to make sure critical employees, such as control room […]

This blog is part of a special series from the International Monetary Fund (IMF) on the response to the coronavirus. The IMF is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The COVID-19 pandemic […]

Constructing a utility-scale solar project requires more than simply buying PV panels and mounting them in a field. It can take years to find the right location, conduct feasibility studies, obtain permits, and align the proverbial stars. A couple of experts, who have managed multiple projects through the process, were guests on The POWER Podcast. […]

Community solar refers to local solar facilities shared by multiple subscribers who receive credit on their electricity bills for their share of the power produced. Community solar allows homeowners, renters

Deal-making in the North American power and utilities sector fell for the third year in a row in 2019, and total deal value shrank by 41% compared to 2018, indicating a sustained sluggish financial interest in the sector, according to PricewaterhouseCoopers (PwC). The international accounting firm’s newly released “North American Power & Utilities deals insights […]

Innovation is ushering in a new age for nuclear power. As well as boosting plant economics, efficiency, and flexibility, advanced technologies could open up new markets to meet soaring demand for heat and

Japanese technology conglomerate Hitachi will withdraw from Mitsubishi Hitachi Power Systems (MHPS), a joint venture it established in 2014 with another power equipment giant, Mitsubishi Heavy Industries (MHI), over a dispute stemming from construction of two massive defect-ridden coal plants in South Africa. Under a Dec. 18-announced settlement reached by MHI and Hitachi, Hitachi will […]

In the September issue of POWER , I wrote about a public utility (JEA) that is exploring privatization, and in October, I looked at a city (Boulder, Colorado) that is exploring municipalization. While I think

Eskom, South Africa’s state-owned utility that produces nearly 90% of the African powerhouse’s electricity, is saddled with liabilities, unavoidable expenses, and stranded costs that exceed $113 billion, and for various reasons, it is “fundamentally insolvent, permanently impaired, and will never be a true going concern enterprise under its current legal, operational, and governance structure,” concludes […]

The U.S. Department of Energy (DOE) announced 12 projects had been selected as part of its Practices to Accelerate the Commercialization of Technologies (PACT) Laboratory Call. The projects will receive about $2.5 million in awards, combined with more than $1 million in cost share “to develop new ways to increase technology commercialization by reducing barriers […]

Environmental, social, and governance (ESG) risks are diminishing the number of potential investors in U.S. merchant coal projects, and that is putting more pressure on already squeezed coal plant economics, Moody’s Investors Service said in a new sector report.   The U.S. merchant coal plants, which are already grappling with persistently low power prices that […]

At the end of last year, the power market began to lose steam. The credit market wasn’t as strong as it was at the start of the year and many people began speculating “doom and gloom” for the market. However, over the last few months, the power market has picked up and is beginning to […]

There are generally three types of electric power utility ownership structures: public power utilities, rural electric cooperatives, and investor-owned utilities (IOUs). The American Public Power Association

The design of a power plant often revolves around efficiency and mapping out operations in a manner that decreases unnecessary expenditures, while increasing productivity. This challenge produces the need for

Fifty years ago this July, NASA successfully landed men on the moon and safely returned them to Earth. In this year’s documentary about the mission, Apollo 11 , director Todd Douglas Miller draws on a

Only months after ABB announced Hitachi would acquire a majority stake in its flagship power grids business for $11 billion, the company’s board of directors ousted CEO Ulrich Spiesshofer and officially launched a search for a new leader.  The Zurich-based technology giant said on April 17 that the board of directors and Spiesshofer “mutually agreed […]

Colorado lawmakers are considering legislation (HB19-1037) designed to help the state’s investor-owned utilities gracefully back out of non-economic coal-fired power plants. Colorado is at the forefront of

Comparing the costs of differing electric generating technologies has become popular among advocates for particular technologies and those seeking to find the optimal approach to new generation. While getting

The Department of Energy (DOE) is funding a project that would prepare Westinghouse’s 25-MWe eVinci micro-reactor for nuclear demonstration readiness by 2022.  The agency on March 27 said it will provide $12.9 million of the estimated $28.6 million Westinghouse needs for a project to prepare the micro-reactor for a demonstration, including for design, analysis, licensing […]

COMMENTARY Are power purchase and similar agreements excluded from the automatic stay under the safe harbor for forward contracts? Both the FirstEnergy Solutions and Pacific Gas & Electric (PG&E) bankruptcies have seen proceedings regarding power purchase and similar agreements (PPAs) that raise this question. Contracts often contain provisions that enable a party to terminate or modify […]

Eight years after Germany decided it would halt nuclear power production by 2022, the country that relied on lignite and hard coal for 38% of its generated power in 2018 will phase out coal by 2038 or earlier

Two weeks of intense negotiations at the 24th meeting of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) in Katowice, Poland, last December culminated in

The Colstrip Power Plant, a four-unit, 2,094-MW coal-fired station located about 100 miles east of Billings, Montana, could see its coal supply contract nullified as a result of Westmoreland Coal Co.’s Chapter 11 bankruptcy reorganization. Westmoreland operates the 25,000-acre Rosebud coal mine, among others. Rosebud is adjacent to the Colstrip plant and supplies almost all […]

Despite higher taxable income and pressure on balance sheets, capital spending by regulated utilities will remain elevated—and much of it will be dedicated to replacing aging infrastructure, hardening or efficiency-boosting measures, and on renewables and environmental projects, said Moody’s Investors Service in a recent sectoral briefing.  The credit ratings agency for the first time this […]

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

The U.S. Senate has cleared a major water infrastructure bill that contains several provisions promoting hydropower development, sending it to the president’s desk. The Senate passed S. 3021, “America’s Water Infrastructure Act of 2018,” on October 10 through a bipartisan vote of 99–1. Because the House of Representatives unanimously passed the bill in a voice […]