POWERnews
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News
California Governor Wants ‘Strike Team’ to Develop Utility Plan
California Governor Gavin Newsom on February 12 said the state has formed a “strike team” as it works to develop plans to help not only utility ratepayers but also utility employees. The move comes in the wake of the bankruptcy filing by Pacific Gas & Electric (PG&E) as the state’s largest utility deals with its […]
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News
Concrete Better Than Cameras in Protecting Grid
Some high-tech security features meant to protect U.S. power plants from physical attack may not be as effective as good old-fashioned fences and concrete, according to a Georgia Institute of Technology graduate who modeled security measures in a computer simulation while earning her PhD in Public Policy. Jenna McGrath, who graduated in December 2018, published […]
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News
The ‘Green New Deal’ Out West
COMMENTARY Launched last week by New York Representative Alexandria Ocasio-Cortez, the “Green New Deal” appears to pick up where President Franklin Roosevelt left off with his “Second Bill of Rights” announced in his 1944 State of the Union Address1. More manifesto than mandate, the Green New Deal seeks to be a lens through which legislators’ […]
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News
Iraqi Official Casts Doubt on Deals With GE, Siemens
Multibillion-dollar energy deals that both Siemens and General Electric (GE) signed with the Iraqi government last year may not come to fruition, according to the country’s electricity minister. The Financial Times on February 10 reported that Luay Al-Khatteeb, who took his post late last year after the deals were brokered, told the newspaper, “I don’t […]
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POWERnews—Feb. 7, 2019
February 7, 2019 Financial and Gas Turbine Blade Troubles Plague GE Power GE Power’s financials spun out further on a dismal trajectory during the fourth quarter of 2018, plagued by slack market demand for products and services, technical glitches of a flagship… Read More Decarbonization, Electrification Key Among 8 Priorities for U.S. Investor-Owned Power Companies […]
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News
Financial and Gas Turbine Blade Troubles Plague GE Power
GE Power’s financials spun out further on a dismal trajectory during the fourth quarter of 2018, plagued by slack market demand for products and services, technical glitches of a flagship gas turbine model, and poor project execution. Despite a series of divestments and corporate reshuffles, including of leadership, for the 12 months that ended on […]
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News
Decarbonization, Electrification Key Among 8 Priorities for U.S. Investor-Owned Power Companies
In line with customer preferences, U.S. investor-owned electric companies are heavily invested in decarbonization and electrification, the Edison Electric Institute (EEI) told Wall Street analysts and bankers on Feb. 6. In its annual presentation to potential investors and industry observers, the trade association that represents U.S. investor-owned electric companies lamented a number of uncertainties affecting […]
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Distributed Energy
Prepare for More Distributed Energy Resources [PODCAST]
Paul DeCotis, senior director in West Monroe Partners’ Energy and Utilities practice, was a guest on The POWER Podcast. West Monroe, in partnership with Greentech Media, conducted a survey of more than 1,700 utility customers, 140 utility executives and managers, and more than two dozen regulators in major markets across North America. Its findings were […]
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IIOT
DOE and FERC Mull Incentivizing Cybersecurity, Physical Security of Power and Gas Infrastructure
The U.S. Department of Energy (DOE) and Federal Energy Regulatory Commission (FERC) want to explore how federal and state authorities could incentivize cybersecurity and physical security in the power and natural gas sectors. The agencies issued a notice on Feb. 4 announcing they would jointly hold a technical conference on Thursday, March 28, 2019, from […]
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News
NIPSCO Announces Three New Indiana Wind Farms
Northern Indiana Public Service Co. (NIPSCO), which is phasing out coal-fired power as part of its “Your Energy, Your Future” plan announced late last year, on Feb. 1 said it will develop three new wind farm projects in the state that will add about 800 MW of renewable power generation capacity to its portfolio. The […]
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POWERnews—Jan. 31, 2019
January 31, 2019 Colstrip Power Plant Threatened by Westmoreland Bankruptcy The Colstrip Power Plant, a four-unit, 2,094-MW coal-fired station located about 100 miles east of Billings, Montana, could see its coal supply contract nullified as a result of Westmoreland Coal… Read More Sponsored Content Piping Solutions Using Non-Welded Connections For hydropower and dams, welding has […]
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News
Polar Vortex Tests Resiliency of U.S. Power System
Brutally cold temperatures in the midwestern and northeastern U.S. spurred grid operator alerts as natural gas demand has surged, power prices have soared, and there have been forced generator outages. The polar vortex, an extreme cold event characterized by back-to-back cold fronts, has so far prompted states of emergency in Wisconsin, Illinois, and Michigan. On […]
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News
Colstrip Power Plant Threatened by Westmoreland Bankruptcy
The Colstrip Power Plant, a four-unit, 2,094-MW coal-fired station located about 100 miles east of Billings, Montana, could see its coal supply contract nullified as a result of Westmoreland Coal Co.’s Chapter 11 bankruptcy reorganization. Westmoreland operates the 25,000-acre Rosebud coal mine, among others. Rosebud is adjacent to the Colstrip plant and supplies almost all […]
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News
GE Restructure Will See Leaner Power but Heftier Renewable Energy Division
GE has announced it will integrate its renewables, grid, and energy storage assets into a simplified, single business that nearly doubles the size of its Renewable Energy division, as the company banks on the accelerated uptake of grid-connected renewables worldwide. The expansion will see GE’s grid solutions, solar solutions, and storage businesses move from GE […]
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News
PG&E Files for Bankruptcy, Prepares to Reorganize
California utility Pacific Gas and Electric (PG&E) filed for Chapter 11 bankruptcy on Jan. 29, as the company faces as much as $30 billion in potential liabilities for its role in a series of wildfires in the state. The filing was expected after the company notified its workers two weeks ago it was preparing a […]
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News
Consortium Asks UK to Support SMR Nuclear Development
Small modular reactors (SMRs) are becoming a technology of choice among those who continue to push nuclear power as a zero-emissions source of generation. The collapse of plans to build new large reactors in the UK has meant companies there are looking at SMRs in an effort to keep that country’s nuclear power program viable. […]
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POWER Podcasts
Community Solar Power Offers the ‘Best of Both Worlds’ [PODCAST]
Laura Stern, co-founder and president of Nautilus Solar Energy, was a guest on The POWER Podcast. Founded in 2006, Nautilus is a leading acquirer, developer, and operator of community solar projects. During the past five months, the company has acquired community solar projects in Minnesota, Massachusetts, New York, Maryland, and Rhode Island. Community solar refers […]
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News
NRC Greenlights Final Rule Governing Nuclear Plant Mitigation of Severe Events
A final rule the Nuclear Regulatory Commission (NRC) plans to publish this spring to replace pivotal actions it issued after the Fukushima accident will require U.S. nuclear generators to ensure they can mitigate severe events at reactors within a two-year compliance timeframe. More than three years after it was proposed, the NRC’s five commissioners on […]
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News
PG&E Stock Rises After Agency Says No Role in 2017 Fire
Shares of beleaguered California utility Pacific Gas & Electric (PG&E) soared on Jan. 24 after a state agency said the company bore no responsibility for a 2017 wildfire in the state. A statement from the California Department of Forestry and Fire Protection (Cal Fire) on Thursday said, “After an extensive and thorough investigation, Cal Fire […]
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News
PSEG: Nuclear Plants Will Soon Close Without Subsidies
Public Service Enterprise Group (PSEG) has again told New Jersey officials it needs subsidies to continue operating its three nuclear power units in the state, reiterating that without financial help it will begin closing its Hope Creek Generating Station and Salem Nuclear Power Plant as early as 2022. The three reactors are the only remaining […]
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POWERnews—Jan. 24, 2019
January 24, 2019 PG&E: Judge’s Proposal Could Cost Utility $150 Billion Pacific Gas & Electric (PG&E) on Jan. 23 said a federal judge’s proposal that the utility mitigate fire danger in its service territory by trimming trees, along with inspecting and… Read More Sponsored Content On February 19-21, the 3rd Annual Connected Plant Conference will […]
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News
Global Report Warns of Looming Skills Shortages in Power, Nuclear, Renewables Sectors
Power companies worldwide are struggling to balance talent shortages with changing skills needed for an increasingly digitalized business, the newly released Global Energy Talent Index (GETI) suggests. The Jan. 22–released annual energy recruitment and employment trends report by Airswift, a global energy workforce provider, and Energy Jobline, an online jobsite dedicated to the energy and […]
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News
PG&E: Judge’s Proposal Could Cost Utility $150 Billion
Pacific Gas & Electric (PG&E) on Jan. 23 said a federal judge’s proposal that the utility mitigate fire danger in its service territory by trimming trees, along with inspecting and repairing thousands of miles of power lines, could cost the company as much as $150 billion this year. William Alsup, a judge in the U.S. […]
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News
After 18 Months of Dramatic Turns, Hydro One-Avista Merger Deal Officially Dead
Hydro One, Ontario’s largest transmission and distribution provider, and Spokane, Washington–based U.S. utility Avista Corp., have dropped their merger, citing separate denials of the $5.3 billion deal by regulators in Washington and Idaho. The companies said on Jan. 23 they “mutually agreed” to terminate a merger agreement they announced in July 2017. As required by […]
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POWER Podcasts
Insider Bullish on Renewable Energy Industry [PODCAST]
Izzet Bensusan, managing partner and founder of Captona, a North American-focused investment company that specializes in power generation and energy infrastructure, was a guest on The POWER Podcast. He is very bullish on the renewable energy industry for a variety of reasons. For instance, Bensusan said renewable energy is growing at more than 20% around […]
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News
GE Cutting Another 468 Jobs
French labor unions on Jan. 22 said U.S.-based General Electric (GE) will cut 468 jobs at its units in France, including some staff at Alstom Power Systems (APS). GE confirmed to Agence France Press (AFP), a French news service, that talks with its unions on staff reductions are underway. The unions said 229 jobs would […]
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News
China Leads Investment in Coal Projects—and Also Renewables
China continues to finance new coal plants in more than two dozen countries, even as the country has taken the lead in global renewable energy investment, according to a report from a U.S. group of energy analysts. The Institute for Energy Economics and Financial Analysis (IEEFA) in its report said China is backing more than […]
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POWERnews—Jan. 17, 2019
January 24, 2019 PG&E Says It Will File Chapter 11 Bankruptcy California utility PG&E Corp. on Jan. 14 gave its workers the state-required 15-day advance notice of its intent to file a Chapter 11 bankruptcy. The company on Monday said its… Read More Sponsored Content On February 19-21, the 3rd Annual Connected Plant Conference will […]
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News
New York Latest State to Set 100% Carbon-Free Goal, with Increased Renewables
New York Gov. Andrew Cuomo (D) is continuing his push for renewable energy in the state, as the governor on Jan. 15 announced an initiative for New York to achieve 100% carbon-free power generation by 2040. Cuomo’s “Green New Deal,” part of his 2019 Justice Agenda and as part of the state budget, calls for […]
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News
GE, Siemens Separately Announce Developments for Mammoth Offshore Wind Turbines
GE on Jan. 16 announced testing details of its giant 12-MW Haliade-X offshore wind turbine prototype. On the same day, Siemens Gamesa launched its first 10-MW offshore wind turbine model. The developments point to intensifying competition within the surging offshore wind turbine market. GE’s 12-MW Offshore Wind Turbine Blusters Toward Commercialization GE Renewable Energy’s Haliade-X 12 […]