Markets

Veolia Hungary Creates VPP Portfolio. Veolia Hungary in October acquired a 51% ownership share in CHP Eromu Kft., the first step in a process for Veolia to create a virtual power plant (VPP) portfolio. The

A 10-day reliability test for the 150-MW Noor Ouarzazate III thermoelectric solar plant in Morocco has wrapped up, demonstrating that the project can provide continuous rated power even in the absence of

Despite increased resilience actions, extreme weather events due to climate change are projected to increasingly threaten the nation’s energy infrastructure, and create fuel availability and demand imbalances, the Trump administration’s sprawling climate report released on November 23 suggests.  The Fourth National Climate Assessment (NCA4) released by the Global Change Research Program (USGCRP) is clear in […]

It’s been a tumultuous couple of years for GE. The company’s stock price has been decimated by the market, decreasing more than 75% from a high of nearly $32 a share as recently as December 2016. Dow Jones removed the company from its benchmark Industrial Average in June, and GE’s Board of Directors sacked CEO […]

Entergy Louisiana, Cleco Power, and Southwestern Electric Power Co. (SWEPCO) have secured a power sales agreement (PSA) to buy power generated by the 80-MW Toledo Bend hydroelectric plant—but only for five years.  The Louisiana Public Service Commission (LPSC) on October 26 approved the PSA, providing new life, albeit briefly, for the 1963-licensed Toledo Bend project, […]

Fuel delivery systems in PJM Interconnection’s vast footprint can generally withstand an extended period of stress and remain reliable, though extreme scenarios could impact the grid, the nation’s largest system operator concluded in a high-profile study.  PJM, whose system covers 13 states and 65 million people, launched the study this May as the federal government, […]

China in mid-September increased its renewable portfolio standard (RPS) to 35% of electricity consumption by 2030. The country has already heavily invested in wind and solar, and it anticipates more gains will

As the hubbub of interest and activity surrounds development of small modular reactors (SMRs) hovering between 60 MW and 300 MW, and medium-sized nuclear reactors of under 700 MW, several nuclear technology

In the wake of the implementation of the 2017 Tax Cuts and Jobs Act (TCJA), many utilities and their holding companies are experiencing increasing pressure on cash flow due to the elimination of bonus

After Hurricane Michael made landfall near Mexico Beach, Florida, as a category 4 storm on October 10, it moved across Georgia, South Carolina, North Carolina, and southeastern Virginia on October 11, and finally out into the Atlantic on October 12. According to the U.S. Department of Energy’s Infrastructure Security and Energy Restoration office, the storm […]

Despite significant milestones to become a fully regulated utility, FirstEnergy Corp. on October 25 reported third-quarter losses of $512 million on revenue of $3.1 billion. The results largely reflect charges related to the court-approved settlement in the bankruptcy cases of its competitive subsidiaries FirstEnergy Solutions (FES) and FirstEnergy Nuclear Operating Co. (FENOC), the company said. […]

NRG Energy, which recently shed a substantial portion of its competitive generation portfolio and has shifted efforts to stimulate growth of its retail business, unveiled a simplified renewables procurement process that does not require a power purchase agreement (PPA).  The company on October 18 launched “Renewable Select,” a plan that it says transforms the “lengthy […]

Utilities are faced with many disruptive changes in the power market. Customers are demanding cleaner energy and turning to distributed generation as a solution. One expert suggested power companies must react and evolve their business models to change with the times. During a keynote presentation at the Distributed Energy Conference in Golden, Colorado, on October […]

The White House may have shelved an effort to force grid operators to buy power from uneconomic coal and nuclear plants amid opposition inside the administration, Politico reported on October 15.  The publication reported “four people with knowledge of the discussions” have confirmed that opposition from the president’s own advisers on the National Security Council […]

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 […]

Nearly half of the $2.66 billion spent by the U.S. Department of Energy (DOE) since 2010 to develop advanced fossil energy technologies was dedicated to nine carbon capture and storage (CCS) demonstration projects—but only three were active at the end of 2017, and only one was at a power plant. In a report prepared for […]

Natural gas combined cycle, wind, and residential solar photovoltaic technologies may be the least-expensive way to generate power across a wide swathe of the U.S., an interactive map published and recently updated by the University of Texas (UT) at Austin’s Energy Institute shows.  The interactive chart (Version 1.4.0, retrieved on October 4, 2018), first published […]

Industry aggressively fought the Mercury and Air Toxics Standards (MATS) when the Obama administration proposed it in 2011 and finalized it in February 2012, warning it would precipitate the closure of a swathe of coal capacity nationwide. Six years later, the rule appears to have had a sizable impact on the power sector, but not […]

GE announced that H. Lawrence Culp Jr. has been named chairman and CEO of the company replacing John Flannery effective immediately. GE’s board of directors voted unanimously on the decision, and it also appointed Thomas W. Horton as lead director. In a press release, GE specifically cited weak performance in the GE Power business for […]

Spurred by the shale gas revolution, natural gas’s stunning rise to dominate the U.S. power profile has been echoed by a number of countries, particularly in the Middle East. In Europe, where domestic natural gas production is actually in decline—and consensus is that shale gas won’t likely play a major role on the continent—natural gas […]

Scorching temperatures during the summer of 2018 forced a swathe of power plants across the world to reduce power or shut down temporarily, owing to warmer-than-usual temperatures of cooling water and other

The California Independent System Operator’s Energy Imbalance Market (EIM) is a real-time energy market, the first of its kind in the western U.S. EIM’s advanced market systems automatically find low-cost

It’s no secret that U.S. nuclear and coal-fired power plants are struggling to remain viable in competitive markets. Many plants have been retired for economic reasons long before the facilities reached the

New York’s subsidies of nuclear power are legally sound, the U.S. Court of Appeals for the Second Circuit has concluded. The decision comes two weeks after the Seventh Circuit upheld a similar measure in Illinois. The development marks a victory for the nuclear industry, which has been financially crippled by the rise of cheap gas […]

Duke Energy will swallow $30 million in runaway costs associated with operating its five-year-old 618-MW integrated gasification combined cycle (IGCC) facility in Edwardsport, Indiana, if a settlement the company reached with Indiana consumer groups last week is approved. Duke declared Edwardsport Generating Station “in service” in June 2013, despite a series of hiccups that delayed […]

The world’s first 3-D printed burner for an industrial gas turbine has been in operation for one year with no reported issues. Siemens, which installed the burner for the 32.8-MW SGT-7000 gas turbine at E.ON’s combined cycle power plant in Philippsthal in the German state of Hessen said on September 19 that it has been […]

The Vogtle nuclear expansion’s “ever-escalating” cost is concerning several members of Georgia’s General Assembly, according to a letter sent to partners building the much-delayed project. Twenty lawmakers from both houses of state government—19 Republicans and one Democrat—sent a letter to the board of directors at Georgia Power Co., Oglethorpe Power Co. (OPC), and Municipal Electric […]

The Oyster Creek Nuclear Generating Station in New Jersey, the oldest operating nuclear plant in the U.S., was shut down on September 17, 2018. For more, see “Oldest U.S. Nuclear Plant Shuts Down.” Visit our video archive

Nuclear power’s share of the world’s power generating mix could shrink dramatically from 10% in 2017 to just 5.6% in 2050 as the industry struggles with “reduced competitiveness,” the International Atomic Energy Agency (IAEA) suggested in a new report. The international organization based in Vienna, Austria, that works to promote the peaceful use of nuclear […]

Unlike their regulated counterparts, merchant power generators have increasingly struggled to compete over the last few years and the outlook for many is that this won’t change any time soon. While regulated power companies often enjoy near monopolies in their respective markets, merchant power companies build out their power generating capacity on a speculative basis […]