Markets

NRG Energy said it will sell as much as $4 billion in assets as it seeks to lower its debt and cut costs after a revolt by activist investors unhappy with the company’s direction. Shares of the company jumped 29% to a two-year high on July 12 after NRG announced the moves as part of […]

The U.S. Energy Information Administration (EIA) earlier this year reported that the power sector was poised to add 11.2 GW of new natural gas–fired capacity in 2017. If that forecast proves accurate, it

The Midcontinent Independent System Operator’s (MISO’s) geographic footprint extends down the middle of the U.S. Because of the structure of its market, MISO has artfully avoided some nasty policy and

Although President Trump has been promoting a pro-coal energy agenda, there are four things killing coal that the administration may not be able to remedy. That was the message Bill Ritter Jr. delivered to American Society of Mechanical Engineers (ASME) Power and Energy Conference & Exhibition attendees during his keynote address on June 27. Ritter […]

GenOn has begun its transition back into a standalone power generation company after NRG Energy—which acquired it in a $1.7 billion deal just five years ago—struck a comprehensive restructuring agreement with GenOn’s creditors, and GenOn filed for Chapter 11 protection. A June 14 financial filing confirms that NRG, GenOn, and an ad hoc group of […]

The conversation at the ELECTRIC POWER Conference and Exhibition, as underscored by comments made in its keynote address and at the annual event’s executive roundtable, was optimistic yet cautious, owing to

Two nuclear plants owned by Exelon Corp. in Illinois and Pennsylvania failed to clear PJM Interconnection’s latest annual capacity auction, putting one of those financially crippled units at risk of early retirement. Meanwhile, procurements for solar, wind, and demand response fell dramatically compared to last year, and drastic price declines could roil the market for […]

Ohio-based FirstEnergy’s plan for a rescue of its two uncompetitive Ohio nuclear plants took a nosedive May 17, as the Ohio House Public Utilities Committee suspended action on the company’s proposal to charge its customers a fee to subsidize the plants. FirstEnergy’s plan mimics programs adopted in Illinois and New York to create “zero energy […]

The flood of cheap Marcellus Shale gas driving massive construction of new natural gas power generation capacity could wreak havoc in the PJM power market, Moody’s Investors Service suggests in a new report. Two of the nation’s largest power markets, Texas and California, already pose a “distressed environment” for unregulated power companies owing to declining […]

New York’s electricity system and markets face a blizzard of changes, driven by policy, politics, and economic forces. The New York Independent System Operator and the New York State Energy Research and