Markets

Exelon Corp., the nation’s largest nuclear generator, reinvented itself amid recent power pricing swings, market inequities, and policy worries that are challenging its “very existence,” a high-ranking executive told attendees at the ELECTRIC POWER Conference and Exhibition in Chicago this week. Bryan Hanson, president and chief nuclear officer for Exelon Generation, who gave the annual […]

A decade ago, the annual Platts nuclear energy conference in Washington was brimming with optimism over a coming “nuclear renaissance,” as licensing requests poured into the Nuclear Regulatory Commission

PJM Interconnection’s independent market monitor is joining the pushback—spearheaded by a trade group and several generators that operate in competitive wholesale markets—against an Illinois law that props up financially distressed nuclear plants with subsidies. Monitoring Analytics on March 16 filed a motion with the U.S. District Court for the Northern District of Illinois to intervene […]

Several U.S. states have passed, or are mulling, programs that expand state aid to financially distressed nuclear reactors in a bid to keep them open for economic and environmental reasons. Generators that operate in competitive wholesale markets are perturbed by these measures, which they say amount to nuclear “bailouts.” —Sonal Patel, associate editor (@POWERmagazine, @sonalcpatel) […]

California’s excess of solar power challenges the statewide independent system operator’s ability to balance its system without curtailing low-carbon supplies and ramping up natural gas generation. It’s

Financially hemorrhaging in 2016 due to uneconomic power plants in its fleet, FirstEnergy Corp. said it may exit the competitive generation business by mid-2018, and shutter its nuclear plants in Ohio, even though it will back legislation to subsidize nuclear power. In a fourth quarter earnings call on February 22, officials from the Akron, Ohio–based […]

Yesterday’s retail tariff is prohibiting the optimal dispatch of cogeneration resources as our grid is transforming with high levels of solar generation and potential overgeneration issues. An Unintended Consequence of Policy California has some of the most ambitious energy efficiency and renewable energy goals in the world. Investments in renewable energy and other clean energy […]

American Electric Power (AEP) has sold four competitive natural gas and coal power plants‚ a total of 5.2 GW, and plans to invest the proceeds from the sale in its regulated business. AEP completed the sale of the plants to Lightstone Generation LLC, a joint venture of Blackstone and an affiliate of ArcLight Capital Partners […]

Non-utility generators urge FERC to overturn state actions in New York and Illinois that the generators claim distort FERC’s wholesale electricity markets.

Entergy Corp. and the state of New York have reached an agreement that will see the Indian Point nuclear power plant retired by 2021. “Key considerations in our decision to shut down Indian Point ahead of schedule include sustained low current and projected wholesale energy prices that have reduced revenues, as well as increased operating […]

The U.S. took a big step toward becoming a major exporter of liquefied natural gas (LNG) in 2016 as Cheniere Energy’s Sabine Pass export terminal in Louisiana came online early last year and upgrades to the Panama Canal that opened in June made shipments to the Pacific region considerably easier. Data from the Department of […]

The 2,250-MW Navajo Generating Station near Page, Ariz., and the associated Kayenta coal mine may close in 2017.

The Smart Electric Power Alliance (SEPA) launched its 51st State Initiative in 2014 with a simple question: What if there were no predefined electricity market? No rules. No market designs. No policies. No subsidies for any type of energy resource. Just a grid to deliver electric power from a variety of sources. And customers. Plenty […]

Just as the election of Donald J. Trump could result in redirected energy policy in the U.S., 2017 elections in France and Germany could reshape plans for electricity infrastructure on the European continent. Also on both continents, some factors and trends will be out of elected officials’ control. “Difficult to see. Always in motion is […]

The past year saw an astonishing number of mergers, acquisitions, and business reconfigurations of electricity and energy companies, without any obvious organizing theory. Is it possible to make sense of the activity, or is it just business Brownian motion—aka, random behavior?  Gas companies spun off power generating assets. Power companies sold offshore businesses. Independent generators […]

Difficult market conditions have accelerated the much-hyped closures of a string of coal-fired power units in the U.S., but the phenomenon is extending overseas, gripping plants in Australia and Germany. In the wake of the Paris agreement in December 2015, a number of governments have moved to phase out coal-fired generation. This October, France, which […]

Japanese Firms Poised to Build Two 540-MW IGCC Plants Based on Nakoso Technology. A consortium of Japanese firms on December 1 said they had received full-turnkey orders for two integrated gasification

The U.S. market for electricity is trifurcated. More than half the country is served by competitive generators bidding against each other in wholesale markets. Almost half is served by conventional state-regulated, vertically integrated utilities controlling generation and transmission. The rest, a much smaller portion, consists of government-owned and customer-owned utilities, some of which are generators […]

A tumultuous election year that was marked by market turmoil, the events of 2016 clearly showed that big change is afoot for the power sector. Many of POWER‘s bold predictions for 2016, such as that the near-simultaneous surge in U.S. natural gas production and recent enactment of environmental rules would reshape the U.S. power sector, […]

Some of the U.S. coal market’s own product wound up in its stocking this Christmas season. Despite hope from the election of Donald Trump and a potential shift toward more coal-friendly energy policies, coal plant owners across the country continued the trend toward shutdowns and reduced operations that have marked the past few years. Coal […]

The owner of a merchant 1,022-MW combined cycle natural gas–fired power plant in California has filed for bankruptcy protection, citing regulatory policies and market forces that have depressed revenues. La Paloma Generating Co. on December 6 filed for U.S. Chapter 11 bankruptcy, blaming a debt of $524 million that it racked up even though its four-unit […]

Ontario—Canada’s most populous province and its major economic engine—has an electric power supply system so driven by provincial politics that it has pushed the province’s utility generating arm, Ontario Power Generation, into what appear to be incoherent resource policies. Late last September, in a stunning announcement, the Canadian province of Ontario’s Energy Ministry said it […]

While GE-Hitachi Global Laser Enrichment (GLE) confirmed it hasn’t made a formal decision to proceed with licensing or construction of a laser enrichment facility at Paducah, Ky., the Department of Energy (DOE) announced it has agreed to sell depleted uranium to the company over a 40-year period to help produce nuclear power plant fuel. The […]

FirstEnergy Corp.—one of the nation’s largest investor-owned electric utilities, serving customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York—has made the strategic decision to exit the competitive power business. “We have made our decision that over the next 12 to 18 months we’re going to exit competitive generation and become a fully […]

Donald Trump’s stunning victory in the U.S. presidential election portends enormous changes in U.S. energy and environmental policy, and a nearly complete turnover of the men and women who will administer that policy for the next four years.

The November 8 election yielded surprising results for controversial energy-related measures in three states. In Florida, voters rejected Amendment 1, a measure backed by utilities to curb the expansion of resident-owned solar rooftop installations. In Washington, the nation’s first state attempt to impose a carbon tax on fossil fuels and power generated from fossil fuels fell […]

In July 2016, the German parliament approved three major pieces of legislation specifically laying out the future of the celebrated Energiewende: the 2017 revision of the Renewable Energy Sources Act, the Electricity Market Act, and the Act on the Digitization of the Energy Transition. “These three pieces of legislation will ensure that the transition of […]

As installed capacity in the U.S. continues its breakneck growth, the solar photovoltaic sector is poised for another leap forward with a variety of new technologies—if increasingly ill-suited regulations and rate designs can be updated to keep pace. The global solar market has moved beyond its early, uncertain days. The luxury of behaving like start-ups […]

A group of generators including Dynegy and NRG Energy filed suit in federal court on October 19 seeking to block an incentive program that would help three New York nuclear power plants remain economic over the next decade. An August decision by the New York Public Service Commission (PSC) approving New York’s Clean Energy Standard included a provision requiring […]

German utility RWE warned energy markets this week that low water levels on the Rhine River may affect the delivery of hard coal to some of its plants.