Markets

The Supreme Court for the state of New Mexico affirmed a final order by state regulators to allow Public Service Company of New Mexico (PNM) to replace lost generation from two shuttered units at its 1,800-MW coal-fired San Juan Regional Generation Station with coal and nuclear resources. The case stems from a petition filed by […]

No evidence exists that New England local gas distribution companies engaged in practices to withhold natural gas pipeline capacity on the Algonquin system to drive up gas or power prices in the region, Federal Energy Regulatory Commission (FERC) staff revealed. FERC on February 27 closed an inquiry after conducting an “extensive review” of the allegations—which […]

The recent retirement of older generating units and high peak usage owing to economic growth could tighten operating reserves in the region served by the Electric Reliability Council of Texas (ERCOT) this summer. The grid operator said on March 1 that total resource capacity for the upcoming summer (spanning June through September 2018) is expected […]

In President Trump’s State of the Union address, he said, “We have ended the war on American energy, and we have ended the war on beautiful, clean coal.” It’s safe to say that things have gotten better

ABB Receives Contract to Upgrade, Expand Combined Cycle Plant. A consortium including Doosan Heavy Industries and state-owned construction company PT Hutama Karya has awarded a $40 million contract to ABB to

Spanish market and competition regulator CNMC (Comisión Nacional de los Mercados y la Competencia) in a report published on January 24 said a draft government decree to block power plant closures if they

The private sector is traditionally known as a driver of innovation, so it may be surprising to some people that many businesses have only recently begun to consider advanced energy technologies. Looking at

GE has launched a three-part strategy to address a dismal outlook for its power division that will involve operating in a “leaner, more cost-efficient way,” the company’s head told investors in a February 26 letter. The multinational conglomerate’s long-standing and lucrative GE Power business unit’s earnings plunged 45% in 2017 owing to costly operational misses […]

In what has been a much longer and more drawn-out process than Entergy could have imagined when it first proposed a new gas-fired power plant in New Orleans, the company got some good news on February 21. The Utility, Cable, Telecommunications, and Technology Committee agreed—after what has turned out to be years of discussion—to send […]

FirstEnergy Corp. bled $2.64 billion from its competitive businesses over 2017, financial losses exacerbated by marked declines in contract sales, higher operating expenses, and costs associated with asset impairment and plant exit. The Akron, Ohio–based company, which in January received a $2.5 billion equity injection from four private investment groups to boost its transition to […]

After decades of lethargic power demand—and negative growth in 2017—U.S. electricity use is expected to grow steadily through 2050, driven by a healthy economy and increasing efficiency, the U.S. Energy Information Administration (EIA) projects in its Annual Electricity Outlook 2018 (AEO2018). However, during that period, direct-use generation will outpace growth in retail sales as more […]

NRG Energy, in a bid to shed $7 billion in consolidated debt, is selling the bulk of its renewable assets and development platforms along with several coal and natural gas power plants worth 3.6 GW tied to its South Central Generating business. The independent power producer, which recently relinquished bankrupt wholesale generator GenOn Energy to […]

Exelon Generation will shutter its Oyster Creek Generating Station in October 2018—more than a year before it is required to close the single-unit reactor as part of an agreement with the state of New Jersey. Exelon agreed in 2010 to close the unit by December 2019—10 years before its license to operate expires—after it decided […]

Two more U.S. nuclear power plants are facing early retirement, joining a string of generators whose fate was determined by market conditions, political pressure, or financial stresses assailing the sector. Several others may be poised to join them. The 647-MW Duane Arnold nuclear plant in Palo, Iowa, will likely close in 2025 after a current […]

This month’s THE BIG PICTURE infographic is accompanied by an interactive map. For more, visit: https://www.powermag.com/interactive-map-abandoned-nuclear-power-projects/

The Nigerian National Petroleum Corp. (NNPC) in December 2017 announced a plan to build three natural gas-fired power plants in the country, thanks to a $2.8 billion pipeline project that would bring natural gas from the southern part of the African nation to its northern region. The plants, sited in Abuja, Kaduna, and Kano, would […]

Increasing uncertainties concerning low forecasted load; construction financing constraints and reversals; state certification hurdles; and challenges to nuclear profitability posed by the growing share of coal plants beset the nuclear industry in the early 1970s. The nuclear suffered a renewed economic meltdown and fierce public pushback in the aftermath of the Three Mile Island accident […]

Turbophase enables combustion turbine owners and power grids to increase flexibility, power, and efficiency, which is critical at a time when dispatch of renewable energy is growing. Combustion turbines

The world’s energy transition took an interesting turn at the end of 2017 as global power firm Engie announced it would switch all its gas operations to biogas and renewable hydrogen, the UK slashed its

One of the most important items on President Trump’s first-year agenda was the implementation of tax reform in the U.S. Republican lawmakers worked tirelessly as the calendar year drew to an end to get a new

Overwhelmed by low wholesale power prices and changing customer needs in the Pacific Northwest, the Bonneville Power Administration (BPA) on January 30 unveiled a lifeline it hopes will allow it to remain commercially afloat. While the nonprofit federal power marketer headquartered in Portland, Oregon, is part of the Department of Energy, it is self-funding and […]

The nuclear power industry is struggling in the U.S. Several reactors are at risk of early closure due to difficulty competing in the wholesale power markets. New units being built in South Carolina have been abandoned, while the only other nuclear construction project in the U.S.—the Plant Vogtle expansion in Georgia—is behind schedule and over […]

Underscoring energy storage’s new vital role in power company operations, Siemens and AES Corp. have launched a joint company, Fluence Energy, that provides technology solutions paired with engineering and services capabilities. AES and Siemens on January 11 announced that Fluence, which merges AES Energy Storage and Siemens’ energy storage team, received all government approvals for the […]

The U.S. Energy Information Administration (EIA) released its first look at expected power generation in 2019, and its conclusions are much the same as those it expects in 2018—the use of natural gas to produce electricity will continue to rise, and the use of coal will continue to decline. EIA’s Short-Term Energy Outlook, released January […]

The Federal Energy Regulatory Commission (FERC) has rejected the Department of Energy’s (DOE’s) controversial proposed rule on grid reliability and resilience pricing, initiating instead a new proceeding that will examine the resilience of the bulk power system. The DOE’s “Grid Resiliency Pricing Rule” proposed on Sept. 29 directed FERC—an independent regulatory government agency that is […]

Merchant markets for independent power producers in the U.S. are unfavorable, and many companies in the sector have slumping profits—even big losses—as they ponder where to go in the months and years

There are challenges facing the power industry in 2018, but there are also a lot of exciting opportunities. Renewable energy and gas-fired generation are expected to continue growing, but changes in federal

Utilities across the U.S. are aware of beneficial electrification (BE) programs, but wide adoption has been held up by uncertainty about their potential and broader role in the evolving regulated utility

The amount of electricity produced by gas-fired power generation has been increasing steadily in the U.S. for more than 25 years. The Energy Information Administration (EIA) reports that in 1990 about 372.8

The European Union (EU) is unequivocally continuing down a path of global climate and energy leadership while bringing online more carbon-neutral fuel systems throughout its 28 member states, closing in on the 2020 goal of a 20% reduction in greenhouse gas emissions (GHG) from 1990 levels. Indeed, the newly released European Environment 
Agency’s (EEA’s) Trends […]