Trends
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Trends
Another Power Giant’s CEO Is Retiring: Entergy’s Leo Denault
Entergy Corp.’s chairman and CEO Leo P. Denault will retire in 2023, ending a decade-long role as the head of the New Orleans–headquartered power generating giant. Denault will be succeeded by Andrew “Drew” Marsh, Entergy’s current executive vice president and chief financial officer. Denault, 62, was appointed Entergy’s chairman and CEO in 2013, taking over […]
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Trends
AEP CEO Nick Akins to Step Down, Julie Sloat Tapped as Next Company Head
American Electric Power’s (AEP’s) long-serving chairman, president, and CEO, Nick Akins, will step down as CEO on Jan. 1, 2023, and has already passed the company’s presidency to Julie A. Sloat, AEP executive vice president, and chief financial officer (CFO). Sloat, 53, will become the power generating company’s CEO in January, making her the first […]
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Trends
Europe May Need Temporary Coal, Oil Power Increase to Ready for ’Hard’ Winter, IEA Warns
European leaders should minimize gas use in the power sector and temporarily ramp up coal- and oil-fired generation while accelerating low-carbon sources to guard against energy market turmoil that has grown “especially perilous,” the head of the International Energy Agency (IEA) said on July 18. “I’m particularly concerned about the months ahead,” wrote IEA Executive […]
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Legal & Regulatory
Are PJM’s Plunging Capacity Prices a Harbinger of Power Markets’ Demise?
Few observers outside the electric utility industry understand the U.S. power grid, often called the world’s largest machine. It’s three grids, actually—the Eastern Interconnect, the Western Interconnect, and the Texas Interconnect. Much of the Eastern and Western Interconnects are subdivided regionally into independent organizations—independent system operators (ISOs) or regional transmission operators (RTOs)—that monitor, coordinate, and […]
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News
Risks and Opportunities: It’s an Interesting Time to Be in the Power Industry
War rages in Europe. Natural gas prices are through the roof. Drought threatens hydro production. Weather extremes are becoming commonplace. Supply chains are strained. Demand for electricity is headed
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Trends
Rhode Island Targets 100% Renewables Procurement by 2033
Legislation passed in Rhode Island will commit the state to procure 100% of its electricity from renewable energy sources by 2033. If Gov. Daniel McKee, as expected, signs the bill into law, the Ocean State could have the nation’s fastest timeline for a 100% renewables procurement. The New England state’s legislature on June 17 approved […]
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Trends
NERC Warns of Mounting Reliability Risks, Urges Preparation for Challenging Summer
An unprecedented array of risks—ranging from capacity shortfalls, extreme weather, extended drought, supply chain issues, cybersecurity, solar PV tripping, fuel constraints, to wildfires—could imperil the reliability of nearly every North American bulk power system (BPS) region west of the Midcontinent Independent System Operator (MISO) this summer, the North American Electric Reliability Corp. (NERC) warned in […]
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Trends
ERCOT, MISO Warn of Potential Power Supply Shortfalls
(Updated—May 6, 2022) The Electric Reliability Council of Texas (ERCOT) and the Midcontinent Independent System Operator (MISO) over the past week separately expressed concerns about power supply uncertainties in the face of upcoming warmer-than-normal temperatures. MISO raised an alarm on April 28 when it said that it projects “insufficient firm resources” to cover the summer […]
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Legal & Regulatory
UK Leans Heavily on Nuclear in Bold New Energy Strategy
A long-awaited energy strategy published by the UK government on April 6 lays out bold commitments that tackle Great Britain’s multi-pronged challenges, including achieving net-zero carbon emissions while
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Legal & Regulatory
Administration, NRC, Nuclear Industry Look Ahead to Uncertain Territory
The Biden administration is fully behind development of new nuclear power technology. It is encouraging the U.S. Nuclear Regulatory Commission (NRC) to look at “new approaches to regulation” as advanced
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Trends
POWER Digest [May 2022]
Czech Republic Chooses Site for SMR Development. CEZ Group, a major conglomerate in the Czech Republic, in late March said it had set aside an area at the Temelin Nuclear Power Plant as a possible location for
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Trends
POWER Digest [April 2022]
Taiwan Suffers New Blackout. Another massive blackout hit major cities in Taiwan on the morning of March 3, causing disruptions in the capital Taipei, Hsinchu, and Kaohsiung in the south. State-run
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Trends
POWER Digest [February 2022]
Once a Coal Generating Behemoth, TransAlta Achieves Full Phaseout of Coal Power in Canada. Canadian generator TransAlta, a company that derived 30% of its cash flow from coal generation just five years ago
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Nuclear
Optimism Is Warranted in the Power Industry in 2022 and Beyond
While some sectors of the power industry are struggling to stay relevant, there are many more segments that are thriving. As new technologies are developed and perfected, there is more reason than ever for
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International
Disorderly Transitions: Eight Enduring Global Power Sector Trends
While 2021 unfolded with some relief from the chaotic global pandemic that jolted the world in 2020, the year may be remembered for its extraordinary series of energy crises. After a cold snap prompted mass
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Video
Reliability with Protection Systems Incorporating Prediction
Sponsored by:EmersonJoin Tom Francisco, Senior Reliability Expert at Emerson, for a practical and insightful webinar focused on advancing reliability in industrial operations through Emerson’s Reliability Solutions portfolio. With over 35 years of reliability experience—including service in the U.S. Navy and 15 years at Emerson—Tom shares real-world strategies for minimizing unplanned downtime and optimizing asset performance. In […]