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Dynegy this week announced it will sell three more power plants to reduce debt as it works to satisfy an agreement with the Federal Energy Regulatory Commission (FERC) reached after the company’s $3.3 billion purchase of French energy giant Engie’s U.S.-based assets earlier this year. Houston, Texas-based Dynegy said it has agreed to sell its […]

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 […]

House of Representatives appropriators July 12 took up their responses to President Donald Trump’s controversial fiscal year 2018 (FY18) budget requests for the Department of Energy (DOE) and the Environmental Protection Agency (EPA). Both bills were favorably reported out of their respective markups. The House FY18 Energy and Water Appropriations Bill, which funds DOE, came […]

A bipartisan group of U.S. senators has announced plans to reintroduce legislation called the FUTURE Act, which would extend and expand the federal 45Q tax credit for carbon dioxide capture and sequestration. The bill has the support of both fossil fuel companies and environmental groups. At present, the 45Q provision awards $10 per metric ton […]

Northern Indiana Public Service Co. (NIPSCO) said it will hold off on installing wastewater pollution controls at its largest coal plant in Indiana as industry groups continue to challenge the Environment Protection Agency (EPA) ruling that led to the installation plan. NIPSCO asked Indiana regulators in November 2016 to approve a $400 million plan for […]

The U.S. currently has only one commercial offshore wind farm, the five-turbine, 30-MW Block Island Wind Farm. While the nation is off to a slow start in the offshore wind energy race, it is possible that the U.S. could eclipse the world leader in the industry, Europe, according to Ross Tyler of the Business Network […]

France, which currently gets more than 75% of its electricity generation from nuclear, may close as many as 17 reactors by 2025, according to Minister of Environment Nicolas Hulot. In an interview with RTL radio on July 10, Hulot stated that Prime Minister Edouard Philippe, who took office in mid-May, intends to see through the […]

A federal appeals court has ruled the Federal Energy Regulatory Commission (FERC) should not have denied a 2012 proposal by PJM in which the regional power operator sought to revise its minimum offer price rule (MOPR). The D.C. Circuit Court of Appeals on July 7 said FERC went beyond its “passive and reactive role” under […]

U.S. officials said Russian government hackers have broken into systems at U.S. nuclear power plants and also have made cyber intrusions into the business systems of other energy companies, according to several reports over the past week. Cybersecurity experts say the threats against U.S. facilities are real and likely to continue, as power plant operators […]

Xcel Energy plans to add about 1,550 MW of wind power to its portfolio in the Upper Midwest with the addition of seven wind farms expected to be operational by year-end 2020. The additions are among 11 new wind farms announced over the past year by Xcel in seven states that would add a total […]