Markets

The Electric Reliability Council of Texas (ERCOT) has issued a fresh warning that continued “above-normal” growth in electric demand could require it to enter Energy Emergency Alert (EEA) status to maintain system reliability this summer.  As it released its final Seasonal Assessment of Resource Adequacy (SARA) for the upcoming summer season (June to September), a preliminary […]

Siemens will spin off and give up its majority stake in its lucrative Gas and Power division—comprising its conventional power generation, power transmission, oil and gas, and related services businesses—and transfer its current majority 59% stake in Siemens Gamesa Renewable Energy (SGRE) to the new business. The company’s supervisory board announced the spinoff on May 7 […]

The Environmental Protection Agency (EPA) plans to take final action to repeal the Clean Power Plan in June 2019, a federal court filing shows. The agency told the D.C. Circuit—in a May 6 status report—review of the Obama-era rule that sets the first carbon dioxide limits for existing power plants “continues to be a high […]

NuScale Power, the front-runner in the race to commercialize small modular reactors (SMRs), has bagged another major backer that could broaden its nuclear supply chain base and expand its financial standing.  On April 29, NuScale signed a memorandum of understanding (MOU) with Doosan Heavy Industries and Construction (DHIC), a South Korean–based engineering, procurement, and construction […]

Decarbonization is becoming firmly entrenched in utility business strategies to address risks and opportunities posed by climate change. But setting out a sound plan amid so many uncertainties poses a number

Partial wind project repowering enables owners to generate more energy from their sites, extend the life and improve the availability of their projects, and take advantage of extended renewable energy

Only months after ABB announced Hitachi would acquire a majority stake in its flagship power grids business for $11 billion, the company’s board of directors ousted CEO Ulrich Spiesshofer and officially launched a search for a new leader.  The Zurich-based technology giant said on April 17 that the board of directors and Spiesshofer “mutually agreed […]

The U.S. Supreme Court’s refusal to reconsider industry-led challenges to state nuclear subsidy programs in New York and Illinois leaves the contentious matter to the Federal Energy Regulatory Commission (FERC).  The high court on April 15 declined to accept petitions for review of decisions by the Second Circuit and Seventh Circuit, dealing a major blow […]

Construction activity on wind projects across the U.S. surged to a record level of more than 20 GW in the third quarter of 2018, and about 35.1 GW of new wind capacity was under construction or in advanced development at the end of 2018, according to the American Wind Energy Association (AWEA).  In 2018, the […]

PJM Interconnection said it will hold its 2022–2023 capacity auction under current market rules on Aug. 14, 2019, though the Federal Energy Regulatory Commission (FERC) has yet to issue a decision on the grid operator’s plan to revamp its Minimum Offer Price Rule (MOPR). In an April 10 filing, however, PJM asked FERC to clarify that […]