Archive: Finance

Amid Scrutiny, Kemper IGCC Project Marks Big Syngas Production Milestone

Southern Co.’s Kemper County energy facility—the only carbon capture and storage (CCS) integrated gasification combined cycle (IGCC) power plant that is under construction—is producing syngas using lignite. The plant marked its most significant milestone to date on July 14, said Southern Co.’s Mississippi Power. It means that the first-of-its-kind technology to convert locally mined lignite […]

B&W to Restructure Power Business, Cites Dismal Coal Projections

Projections that coal utilization will decline faster than previously forecast have spurred Babcock & Wilcox Enterprises (B&W) to shed 200 jobs and restructure its traditional power business that serves coal-fired power generation in a bid to reduce overhead and improve efficiency. The Charlotte, N.C.–based energy and environmental technology and service company said on June 28 […]

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Mergers and Acquisitions in the Power Sector Soar in 1Q 2016

The volume and value of mergers and acquisitions (M&A) in the first quarter of this year have soared, according to the accounting and financial consulting firm PwC. According to PwC’s quarterly snapshot, American Power & Utilities Deals: Q1 2016, “The first quarter was the most active for power and utilities in recent history, with 22 […]

Puerto Rico Utility Moves to Restructure $9B in Debt

A plan to restructure $9 billion in Puerto Rico Electric Power Authority (PREPA) debt—an eighth of the Commonwealth of Puerto Rico’s staggering $72 billion in debt—surfaced at the U.S. territory’s energy regulator, the Puerto Rico Energy Commission last week on April 7.

D.C. Regulators Approve Exelon-Pepco Merger

Exelon’s acquisition of Pepco Holdings was approved March 23 as the District of Columbia Public Service Commission approved the deal by a 2-1 vote.

Microgrid Development Lessons Learned

Although new microgrid configurations, technologies, and business models are still evolving in the U.S., some lessons have been learned in the past few years. Aside from the fact that financing nontraditional/non-campus microgrids is hard, if there’s one overarching lesson, it’s that a microgrid designed to provide only one benefit or rely on only one generation source is unlikely to succeed.

NYISO Warns of Power Capacity Gap When Ginna, FitzPatrick Nuclear Plants Are Closed

Closure of Exelon’s 614-MW R.E. Ginna and Entergy’s 882-MW James A. FitzPatrick nuclear plants will leave New York with a statewide power deficiency starting in 2019, the New York Independent System Operator (NYISO) has concluded. A generator deactivation assessment issued on February 11 that is focused on reliability impacts stemming from the deactivation of the FitzPatrick […]

Duke Energy Mulls Sale of International Power Plants

Duke Energy is considering the sale of all or most of its international power plants, about 4,400 MW dispersed throughout Central and South America. The company’s international business segment, Duke Energy International (DEI), was forced to make the disclosure in light of a required statement from its Brazilian subsidiary, Duke Energy International, Geração Paranapanema S.A. […]

Fortis’ $11.3B Acquisition of ITC Holdings Marks Foray into U.S. Regulated Markets

Canadian utility Fortis wants to acquire ITC Holdings Corp., the largest independent electric transmission company in the U.S., to benefit from “low-risk” regulated power markets. The deal valued at about $11.3 billion will allow Fortis to enter the U.S. regulated power market overseen by the Federal Energy Regulatory Commission (FERC), providing a “unique, highly diversified, […]