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News
GDF Suez-International Power Merger to Create World’s Largest IPP
French company GDF Suez formally announced last week it will merge its international business with UK company International Power. The new firm, New International Power, is expected to have over 66 GW in gross operation capacity and 22 GW in the pipeline.
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Blackstone to Acquire Dynegy for $4.8 Billion
Houston-based Dynegy is to be acquired by an affiliate of private equity firm Blackstone Group in a $542 million deal that includes billions in debt assumption. Under a separate agreement between Blackstone and NRG Energy, NRG Energy could acquire four natural gas-fired assets owned by Dynegy for about $1.36 billion.
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EPA Proposes Two More GHG Rules
A rule proposed by the U.S. Environmental Protection Agency (EPA) on Thursday would certify that 13 states lack the authority to apply Prevention of Significant Deterioration (PSD) permits to greenhouse gas (GHG) emissions under their State Implementation Plans. A second rulemaking action, also issued last week, proposes a federal implementation plan (FIP) under which the EPA would assume the authority to issue PSD permits for GHG emissions in states that lack the authority to do so.
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Interagency CCS Task Force Issues Recommendations
An interagency task force on Carbon Capture and Storage (CCS) established by President Obama this February delivered a series of recommendations on overcoming barriers to the widespread, cost-effective deployment of CCS within 10 years.
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DOE to Support Revamped FutureGen Plans
The U.S. Department of Energy (DOE) on Thursday announced it would award $1 billion in Recovery Act funds to a revamped FutureGen proposal. The so-called “FutureGen 2.0” project contemplates repowering of an existing Ameren 200-MW coal unit in Meredosia, Ill., using oxyfuel technology—not construction of an integrated gasification combined-cycle facility at Mattoon, Ill., as originally envisioned. The new project still calls for use of the original Mattoon geologic storage site
to sequester carbon dioxide—however, the city of Mattoon has declined participation
in the project.
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OSHA Issues $16.6 M in Fines After Fatal Kleen Energy Explosion
The U.S. Occupational Safety and Health Administration (OSHA) on Thursday cited three construction companies and 14 site contractors for 371 alleged workplace safety violations, and issued a total of $16.6 million in penalties. The fines follow an investigation into the causes of February’s deadly natural gas explosion at the Kleen Energy power plant construction site in Middletown, Conn. The explosion killed six workers and injured 50 others.
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Concern Mounts About Edwardsport IGCC Project Cost Overruns
An Indiana state agency representing utility ratepayer interests in cases before regulatory commissions said it has “serious concerns” regarding cost overruns at Duke Energy’s 618-MW integrated gasification combined cycle (IGCC) facility at Edwardsport.
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Xcel Energy: Wind-to-Battery Project Tests Show Technology Works
Xcel Energy claims that preliminary tests of a 1-MW battery-storage technology system shows the technology works. The company announced on August 3 that its wind-to-battery project showed it was possible to reduce the need to compensate for the variability of wind generation.
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EPA Sues DTE Energy for Alleged Clean Air Violations
The U.S. Environmental Protection Agency filed suit against Michigan’s largest energy company, DTE Energy, for alleged violations of the federal Clean Air Act at that company’s coal-fired Monroe Power Plant in Michigan.
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BrightSource’s Ivanpah CSP Project Garners Key Approvals
California-based BrightSource Energy in the past week received two key approvals for its 392-MW Ivanpah concentrating solar power (CSP) plant in the Mojave Desert. The California Energy Commission’s (CEC’s) siting committee issued a proposed decision recommending approval, and on Friday, the U.S. Bureau of Land Management (BLM) issued its Final Environmental Impact Statement (FEIS) for the project.