Markets

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 […]

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 […]

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 […]

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.

Six northeastern states are suing the Environmental Protection Agency (EPA) to force it to act on controlling air pollution blowing in from coal-fired power plants located in nine Midwestern and southern states. New York, Connecticut, Massachusetts, New Hampshire, Rhode Island, and Vermont on October 7 filed a lawsuit in the U.S. District Court for the […]

For all the words published over the past several years about electric utility customer defection—thanks to the combination of lower-cost residential solar photovoltaic systems, tax incentives, and net

Oral arguments on the merits of the Environmental Protection Agency’s (EPA’s) Clean Power Plan were concluded before an en banc panel (10 judges, rather than the anticipated three) at the D.C. Circuit Court of Appeals on September 27. West Virginia v. Environmental Protection Agency (No. 15-1363) is arguably the most important environmental case in nearly […]

States, regulators, and market participants have in recent years called attention to a trend concerning uneconomic baseload generation in organized wholesale markets, specifically in ISO New England, New York Independent System Operator (NYISO), MISO, PJM, the Electric Reliability Council of Texas (ERCOT), and the California Independent System Operator (CAISO). Cheap natural gas, low power demand […]

In an effort to become a fully regulated power company, American Electric Power (AEP) has agreed to sell four Midwestern power plants—representing a total of 5.2 GW—to a newly formed joint venture of Blackstone and ArcLight Capital Partners for about $2.17 billion.  AEP will sell: the 1,186-MW natural gas–fired Lawrenceburg Generating Station in Lawrenceburg, Ind. […]

A strategy rolled out by the Department of Energy (DOE) and Department of the Interior (DOI) to enable 86 GW of offshore wind capacity in the U.S. by 2050 highlights a number of key hurdles, including those related to technology, regulations, the environment, and markets. The DOE’s and DOI’s September 9–released joint document, “National Offshore […]

Panelists debating the pros and cons of a regionalized western power grid seemed to agree that the development of such a system is inevitable, but they disagreed on how fast the evolution should occur. The panel discussion took place during the California Independent System Operator (ISO) Stakeholder Symposium held on September 7 in Sacramento. At […]

If wind and solar photovoltaic (PV) penetrations in the Eastern Interconnection were amped up to 30%, they would decrease coal, combined cycle, and combustion turbine capacity factors by 30% to 50%, a new study from the National Renewable Energy Laboratory (NREL) suggests. The study, NREL’s Eastern Renewable Generation Integration Study (ERGIS), was released on August […]

The second World Nuclear Exhibition was held at a moment in time when the prospects for nuclear power are both tantalizing and frustrating. One thing is clear: The dynamics of the nuclear power industry have changed recently—and so have the solutions proposed for achieving greater certainty. One of the strongest arguments nuclear power has going […]

The U.S. nuclear power business is in trouble, and Exelon has six units totaling more than 5,300 MW of dependable capacity on the chopping block. How will the Chicago electricity giant respond? Perhaps by acquiring more nuclear capacity? Chicago-based Exelon Corp., the largest nuclear power generator in the U.S., is facing what could be the […]

NRG Energy will pay $1 million in penalties, install environmental projects worth another $1 million, and complete costly upgrades under a consent decree it entered into with the state of Maryland to resolve wastewater discharge violations at two coal-fired power plants owned by its subsidiary GenOn. The settlement results from a June 2013 complaint Maryland […]

The Sandy Creek coal-fired power plant—a 900-MW facility in Riesel, Texas—won a major victory in court on August 19 when a McLennan County jury agreed that the plant was appraised at a much higher value than justified by market conditions. The appraisal district had suggested the plant be valued at $900 million in 2014 and […]

Massachusetts’ lawmakers approved an omnibus energy bill that sets down an energy storage mandate and requires utilities to solicit contracts for 1.6 GW of offshore wind. The bill also outlines clean energy procurement targets, including for 1.2 GW from hydro, onshore wind, and other renewables from within the state, from neighboring states, or from Canada. […]

Düsseldorf’s new “Block Fortuna” at the Lausward Power Plant, owned by municipal utility Stadtwerke Düsseldorf, is setting records and giving Germany’s coal-fired power plants some much-needed competition for backing up the nation’s large percentage of variable renewable power. Germany’s Energiewende (literally, “energy turn”) functions as something of a living laboratory, where innovation equals survival, because […]

Effectively managing time, budget, and resources has always been the goal of companies involved in constructing power generation projects, but today the challenges in meeting those goals can be greater than ever. Any power generation company involved in new construction or an upgrade or retrofit project hopes it will see completion safely, without exceeding schedule […]

Now that the political conventions are over and Americans must choose between two presidential candidates, the rhetoric around coal’s future continues to heat up. What neither candidate is telling you, however, is that no matter who is elected in November, no matter what the makeup of the next Congress is, America’s coal age is over. […]