Markets

There is a growing trend toward clean energy around the world. A number of high-profile companies, including Google, Apple, Walmart, and more than 260 others, have set 100% renewable electricity goals, and power companies, too, have joined in the movement, with many targeting net-zero emissions in coming decades. However, most consumers have found it more […]

Joe Biden on Nov. 7 clinched the 270 electoral votes needed to win the presidency, barring Donald Trump’s prospects for a second-term. Almost immediately, reactions from various parts of the power sector streamed in, highlighting possibilities and pitfalls of Biden’s wide-ranging energy and environment agenda.  Energy, and its implications on the environment, figured prominently as […]

A pan-renewables organization has chastised the Department of Labor (DOL) for fast-tracking a new rule it has said is a “transparent attempt to slow the growth” of environmental, social, and governance (ESG) investing.  According to the American Council on Renewable Energy (ACORE)—a group that represents a wide range of renewables stakeholders including some of the […]

Joe Mease and Bryan Benoit, Grant Thornton LLP After serving as a primary source of electrical power generation for the last half-century, bankruptcies throughout the American coal mining industry in 2020 serve as the proverbial canary in the mine for the once dominant black nuggets found across the U.S. from the Appalachians to the Powder River Basin. […]

In mid-August, the western U.S. experienced some of the most extreme heat it has encountered in recorded history. Temperatures in some locations were up to 20F above normal. During the hot spell, California

At least eight cities have now dropped shares in the Carbon Free Power Project (CFPP), a 720-MWe NuScale Power small modular reactor (SMR) project proposed by Utah Associated Municipal Power Systems (UAMPS). Despite the Department of Energy’s (DOE’s) Oct.16–announced $1.4 billion, 10-year award to fund one-time costs for the first-of-a-kind project, four Utah cities withdrew […]

At a time when deal activity in the energy and natural resources sector has slowed dramatically—down 26.2% globally year-on-year—one development in particular may define the industry’s near-term future. In mid-May 2020, French oil major Total opted not to pursue a deal, announced in 2019, to purchase the African assets of Anadarko Petroleum, a U.S. producer […]

An expansion of New York’s Clean Energy Standard (CES) approved by the state’s Public Service Commission (PSC) adopts several measures that will help the state meet its new, more ambitious 70%-by-2030 renewable power target. In an Oct. 15 order, the PSC adopted several changes proposed by the New York State Energy Research and Development Authority […]

Buoyed by two major developments last week for prospective customers, NuScale Power is maintaining “strong program momentum” toward commercialization of its small modular reactor (SMR) technology, the company told POWER.  On Oct. 16, the Department of Energy (DOE) approved a $1.355 billion award to fund the Carbon Free Power Project (CFPP), a potential 720-MWe NuScale […]

Doubling down on its net-zero efforts, Duke Energy will retire all coal-only units in the Carolinas, multiply its renewable portfolio, and cease emitting methane in its natural gas business by 2030.  The company made the announcements on Oct. 12 at its first environmental, social and governance (ESG) day, a virtual event geared toward its investors. […]

DTE’s new Central Energy Plant will energize a flexible and high-tech revamp of Ford Motor Co.’s Research and Engineering campus in Dearborn, Michigan. Because it goes beyond the envelope of modern

Though a lesser discussed power-to-x solution, power-to-heat technologies are already mature, commercially available, and market competitive. And they are already making an impact on the power sector. Much

The U.S. power industry lacks forward-looking ways to measure grid resiliency and traditional reliability metrics could become irrelevant as more intermittent generation inundates the bulk power system. But rather than continually looking backward to learn from ever-increasing emergencies or close-shaves, power system operators must work to cultivate a balanced portfolio that considers all aspects of […]

Entergy Corp., an integrated energy company with a 30-GW power generating fleet, took a bold step toward decarbonization on Sept. 23, announcing it would join forces with Mitsubishi Power to integrate green hydrogen into utility businesses in Arkansas, Louisiana, Mississippi, and Texas.  Entergy will focus on developing hydrogen-capable combined cycle gas turbine (CCGT) facilities and […]

GE said it will exit the new-build coal power market, subject to applicable consultation requirements. “GE’s Steam Power business will work with customers on existing obligations as it pursues this exit, which may include divestitures, site closings, job impacts and appropriate considerations for publicly held subsidiaries,” the company said in a Sept. 21 announcement. It […]

The Federal Energy Regulatory Commission’s (FERC’s) ruling on Sept. 4, 2020,  rejected, in a three-to-one decision, the New York Independent System Operator’s (NYISO) proposal to change its capacity market rules, ostensibly intended to support, among other things, New York and New Jersey’s ambitious, and some say, unattainable renewable goals. The action comes directly on the […]

The U.S. Department of Energy (DOE) on Sept. 6 took the rare but drastic action of issuing an emergency order under the Federal Power Act (FPA) to authorize the maximum operation of three natural gas–fired facilities on the California Independent System Operator’s (CAISO’s) grid whose full capability had been stranded by federal air quality and […]

BP made headlines in early August when it announced it wants to develop about 50 GW of net renewable generating capacity by 2030—a 20-fold increase from the 2.5 GW deployed in 2019—as part of a new

With a lack of attractive solar power purchase agreements (PPAs) available in the market, project owners have been seeking alternative arrangements to secure long-term revenue certainty. One alternative is a

Milestone for First 700-MW Domestically Built Indian Nuclear Reactor. Unit 3 of the Kakrapar nuclear power plant in the Indian state of Gujarat—an indigenously designed 700-MW pressurized heavy water reactor

A new report from two groups that study energy policy supports the establishment of a fully competitive regional electricity market in the U.S. Southeast, something already being discussed by at least two of the region’s largest utilities. The analysis published August 25 from San Francisco, California-based Energy Innovation, and Boulder, Colorado-based Vibrant Clean Energy (VCE), […]

Investors in the global power and utilities sector embraced agendas that created long-term value during the first half of this year, as the COVID-19 pandemic roiled the world. Recent activity points to several interesting trends that will likely persist in a post-crisis world and may even accelerate change in the sector, new analyses from global […]

It’s an article of faith in large parts of the U.S.—at least among power industry people—that organized and Federal Energy Regulatory Commission (FERC)–regulated “merchant” interstate power markets are the best way to ensure a sufficient supply of electricity, as well as to ensure fair and equitable prices for ratepayers. On that basis, large areas of […]

How electricity is delivered to customers in the U.S. is complicated. Consumers in some states have no choice who supplies their power; state commissions regulate utilities as vertically integrated electricity providers. Other states utilize a competitive model in which power producers can openly access transmission infrastructure and participate in wholesale electricity markets. Yet, there isn’t […]

GE Gas Power and Uniper have agreed to roll out a detailed decarbonization roadmap that may entail hydrogen-friendly upgrades to all GE gas turbines and compressors at the German generation giant’s gas power plants and gas storage facilities across Europe.  Under the agreement, GE Gas Power and Uniper will form a joint working group to […]

Washington, D.C. – Yesterday, the Federal Energy Regulatory Commission (FERC) approved a proposal from the Midcontinent Independent System Operator (MISO) to add a new affiliate sector to its Advisory Committee that will provide formal representation for the coal sector, thus enabling coal interests to provide their perspective on important policy issues as part of MISO’s […]

Coal burn in the power sector has fallen off a cliff. Demand peaked at 1.045 billion tons in 2007. The U.S. Energy Information Administration (EIA) estimates consumption in 2020 will be 377 million tons, a drop of 64% in little more than a decade. The EIA is forecasting a modest rebound in 2021 (to 462 […]

The Federal Energy Regulatory Commission (FERC) finalized a long-awaited rule revising regulations that govern qualifying small power producers and cogenerators under the Public Utility Regulatory Policies Act of 1978 (PURPA). While FERC said the rule was necessary to respond to significant market changes, the action drew mixed reactions from industry.  FERC’s final rule issued on […]

CWLP is committed to serving customers with excellence, planning for the future, and delivering exceptional services to the community. Due to the anticipation of unit retirements, CWLP is seeking bids for Power Purchase Agreements (PPA) with a Commercial Operation Date (COD) between 2021 and 2023 from new or existing resources. CWLP seeks to procure Energy […]