Markets

  • Energy-Efficiency Programs Benefit Us All

    Utility-sponsored energy-efficiency programs have always seemed like a contradiction to me. Obviously, power companies make money by selling electricity, so encouraging customers to install energy-efficient

  • COP24’s Hefty Impact on the Power Sector

    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

  • Hydro: An Old Generating Dog Can Offer New Tricks

    Hydroelectric power doesn’t get much attention in today’s discussions of how to generate electricity, particularly in a world looking to boost renewable technologies such as wind and solar. But the oldest

  • Powering the Dragon: How China’s Power Sector Is Evolving

    China’s power sector reforms represent perhaps the world’s largest industrial reform program, with important consequences on both domestic and global levels. In 2015, Erdaoqiao, a settlement in southwest

  • Polar Vortex Tests Resiliency of U.S. Power System 

    Brutally cold temperatures in the midwestern and northeastern U.S. spurred grid operator alerts as natural gas demand has surged, power prices have soared, and there have been forced generator outages.  The polar vortex, an extreme cold event characterized by back-to-back cold fronts, has so far prompted states of emergency in Wisconsin, Illinois, and Michigan. On […]

  • Colstrip Power Plant Threatened by Westmoreland Bankruptcy

    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 […]

  • GE Restructure Will See Leaner Power but Heftier Renewable Energy Division

    GE has announced it will integrate its renewables, grid, and energy storage assets into a simplified, single business that nearly doubles the size of its Renewable Energy division, as the company banks on the accelerated uptake of grid-connected renewables worldwide.  The expansion will see GE’s grid solutions, solar solutions, and storage businesses move from GE […]

  • After 18 Months of Dramatic Turns, Hydro One-Avista Merger Deal Officially Dead

    Hydro One, Ontario’s largest transmission and distribution provider, and Spokane, Washington–based U.S. utility Avista Corp., have dropped their merger, citing separate denials of the $5.3 billion deal by regulators in Washington and Idaho. The companies said on Jan. 23 they “mutually agreed” to terminate a merger agreement they announced in July 2017. As required by […]

  • Entergy Texas and MHPS Bring a “Change in Power” to Texas as They Move Forward on a New 993 MW Power Plant

    LAKE MARY, FL – (Jan. 22, 2019) For the third time in the last twenty-two months, an Entergy Corporation subsidiary has selected two Mitsubishi Hitachi Power Systems (MHPS) gas turbine generation units. Entergy Texas, Inc. has selected MHPS’ technology to power its 993 megawatt Montgomery County Power Station (MCPS) near Willis, Texas. When it becomes […]

  • Insider Bullish on Renewable Energy Industry [PODCAST]

    Izzet Bensusan, managing partner and founder of Captona, a North American-focused investment company that specializes in power generation and energy infrastructure, was a guest on The POWER Podcast. He is very bullish on the renewable energy industry for a variety of reasons. For instance, Bensusan said renewable energy is growing at more than 20% around […]

  • GE, Siemens Separately Announce Developments for Mammoth Offshore Wind Turbines

    GE on Jan. 16 announced testing details of its giant 12-MW Haliade-X offshore wind turbine prototype. On the same day, Siemens Gamesa launched its first 10-MW offshore wind turbine model. The developments point to intensifying competition within the surging offshore wind turbine market.  GE’s 12-MW Offshore Wind Turbine Blusters Toward Commercialization GE Renewable Energy’s Haliade-X 12 […]

  • THE BIG PICTURE: Power Around the World

    The International Energy Agency forecasts that based on current and proposed policies, global power generation will grow about 15,000 TWh (about 60%) from 2017 to 2040. About 70% of additions will be supplied by natural gas, wind, and solar photovoltaics in nearly equal shares. But despite a drop from its current share from 38% to […]

  • Establishing a Culture of Continuous Learning and Improvement

    With many challenges facing both fossil fuel and nuclear power generation facilities, training and workforce development has never been more important. Establishing a culture of continuous improvement is

  • Natural Gas and Renewable Energy to Continue Leading the Market

    Cheap natural gas and social pressure to reduce carbon emissions give gas-fired power plants and renewable energy resources a competitive advantage over traditional coal and nuclear generation. Energy storage

  • Game-Changing Coal Power Technologies

    To be a relevant player in the future power mix, coal power efficiency and costs must improve, and technologies in the realm of research and development promise to do just that. Although most experts agree

  • Despite Financial Hurdles, Utility Capital Spending to Remain Elevated

    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 […]

  • NV Energy Accelerates Retirement of One of Nevada’s Last Coal Units

    NV Energy plans to retire a 254-MW coal-fired unit in a power-constrained region of Nevada at the end of 2021, four years ahead of schedule. The company will instead purchase 1,001 MW from new solar photovoltaic projects equipped with 100 MW of long-term battery storage, effectively doubling its total renewable generation from 14% in 2017 […]

  • NERC: Accelerated Coal and Nuclear Retirements Pose Limited Reliability Risks

    The accelerated retirement of coal-fired and nuclear generation by 2022 could adversely affect reliability in four regions, including in the East and over parts of the central U.S., the North American Electric Reliability Corp. (NERC) warned as it released findings from a “stress-test” scenario.  But the entity tasked with ensuring reliability and security of the […]

  • POWER’s Top 10 Most-Read Stories from 2018

    There’s never a dull moment in the power industry, and like most years, 2018 was filled with many interesting developments. As it has been for more than 135 years, POWER was there to break the news. The following 10 articles were the most-read online stories of the year. #10: New York Denies Air Permit for […]

  • Key Power Industry Conferences and Trade Shows to Think About in 2019

    Conferences and exhibitions are a valuable way for power professionals to share ideas and network, gain up-to-date training, further education, understand regulatory or policy changes, and access the latest products and technologies. POWER‘s editors compiled this helpful list of events in 2019 that cater to the power industry.  FEBRUARY ARC Industry Forum February 4-7 Orlando, […]

  • FERC Follows Up on Tax Reform Response

    The Federal Energy Regulatory Commission (FERC, the Commission) took several actions in November to address impacts from the Tax Cuts and Jobs Act (the Tax Act). FERC had previously issued a Notice of Inquiry seeking comments on how to address the impact of the Tax Act’s reduction in the corporate federal income tax (FIT) rate […]

  • POWER Digest [December 2018]

    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

  • Moroccan Molten Salt Tower Project Clears Reliability Test

    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

  • Eight Power Sector Takeaways from the Climate Report

    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 […]

  • Business and Leadership Shakeups Continue at GE

    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 […]

  • Hydro Plant Saved by Commission-Approved Agreement

    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, […]

  • PJM: Fuel Supply Resilience Is Sound—For Now

    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 Sets a New Renewable Portfolio Standard

    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

  • Big Gains for Tiny Nuclear Reactors

    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

  • Tax Reform Legislation Drives Increased Focus on Cash Flows

    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