POWERnews
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POWERnews—July 12, 2018
July 12, 2018 EPA Sends Replacement for Clean Power Plan to Trump The Trump administration is moving forward with its effort to replace the Clean Power Plan, with the president set to review a document sent to the White House on July… Read More GE Part of $5.8 Billion Investment in Bangladesh GE Power and […]
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Gas
GE Part of $5.8 Billion Investment in Bangladesh
GE Power and the government of Bangladesh on July 11 announced two major power generation deals, with GE part of joint ventures involving power plants along with oil and liquefied natural gas (LNG) terminals. Bangladesh is investing in energy infrastructure to reduce its reliance on imported LNG for energy production. About 30% of the country’s […]
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Legal & Regulatory
EPA Sends Replacement for Clean Power Plan to Trump
The Trump administration is moving forward with its effort to replace the Clean Power Plan, with the president set to review a document sent to the White House on July 9. The Environmental Protection Agency (EPA) on July 10 said a new rule, which insiders said would be more favorable to the coal industry, was […]
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Nuclear
Small Modular Reactor Project Advances in Canada
A Maryland-based company and its Canadian subsidiary have joined with a Canada utility in a project to develop, license, and build an advanced small modular reactor (SMR). Advanced Reactor Concepts of Chevy Chase, Maryland, along with ARC Nuclear Canada—operating collectively as ARC Nuclear (ARC)—and New Brunswick Power (NB Power) on July 9 said their SMR […]
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Gas
China Tabs Siemens as Partner on Gas Turbines
Siemens on July 9 said it has a memorandum of understanding (MOU) to work with China’s State Power Investment Corporation (SPIC) on heavy-duty gas turbines. Siemens said it will support SPIC’s research and development of the turbines and provide training and technical consultation. “The signing today will expedite finalization of a technology cooperation agreement in […]
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Legal & Regulatory
EPA Chief Pruitt Resigns; Former Coal Lobbyist Takes Helm
Scott Pruitt, chosen by President Donald Trump to lead the Environmental Protection Agency despite repeated lawsuits against the agency when he served as Oklahoma’s attorney general, resigned as EPA director July 5. Pruitt had been under scrutiny throughout his EPA tenure for questionable ethical decisions involving his office. Pruitt, who repeatedly said he had done […]
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POWERnews—July 5, 2018
July 5, 2018 First Commercial AP1000, EPR Reactors Connected to Grid Two nuclear energy milestones were reached in the past week, as the world’s first commercial AP1000 and EPR reactors were connected to China’s power grid. Westinghouse announced Sanmen 1, the… Read More Sponsored Content Explore Vaisala Power Instruments and Services Offering – free eBook […]
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Nuclear
First Commercial AP1000, EPR Reactors Connected to Grid
Two nuclear energy milestones were reached in the past week, as the world’s first commercial AP1000 and EPR reactors were connected to China’s power grid. Westinghouse announced Sanmen 1, the first AP1000 unit, was connected to the grid June 30, one day after Électricité de France (EDF) connected the first EPR reactor—Taishan 1—to the system. […]
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POWERnews-June 21, 2018
June 21, 2018 Analysts: Coal Generation Will Plummet More Than 70% About half the world’s power will be generated by wind and solar resources by 2050. Generation from coal will drop more than 70% from today’s levels. That’s according to research… Read More Sponsored Content MD&A Integrated with PW Power Systems' Division Mechanical Dynamics and […]
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POWERnews—June 28, 2018
June 28, 2018 GE CEO: Company ‘Finished’ with Restructuring General Electric (GE) saw its stock price surge more than 7% on June 26 after the company said it would dissolve its stake in oil services company Baker Hughes and… Read More Trump Administration’s ‘All-of-the-Above’ Strategy Stresses Export Role for Natural Gas The Trump administration, which […]
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Legal & Regulatory
FERC Thwarts ISO-NE’s Attempt to Keep Mystic Gas Units Online
The Federal Energy Regulatory Commission (FERC) on July 2 denied ISO-New England’s (ISO-NE’s) request for a tariff waiver to keep two gas-fired units—a total capacity of 1,700 MW—at Exelon’s Mystic Generating Plant in Boston, Massachusetts, running to address “fuel security risks.” The commission instead gave the grid operator a year to submit permanent tariff revisions […]
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Legal & Regulatory
FERC Nixes PJM’s Fixes for Capacity Market Besieged by Subsidized Resources
In a 3–2 decision, the Federal Energy Regulatory Commission (FERC) rejected approaches filed by PJM Interconnection to reform its capacity market, whose integrity and effectiveness has been increasingly and “untenably threatened” by state subsidies for preferred generation resources, the federal regulatory body acknowledged. The June 29 order sharply divided the commission, prompting Democrat Commissioners Cheryl LaFleur […]
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Renewables
Japan’s New Energy Plan Commits to Renewables—And Nuclear and Coal, Too
Japan’s government on July 3 approved a new Basic Energy Plan for the country, saying it is committed to increasing the role of renewable resources for power generation while also confirming it wants nuclear power to remain a vital part of the nation’s energy strategy. Japan issues a revised Basic Energy Plan, which outlines the […]
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Legal & Regulatory
Oyster Creek Will Close Sept. 17; Fuel Could Remain at Site for 60 Years
Officials with the U.S. Nuclear Regulatory Commission (NRC) on July 2 said Oyster Creek Nuclear Generating Station, the country’s oldest operating nuclear power plant, will officially close on September 17. They also said radioactive material is likely to remain at the site in New Jersey until at least the late 2070s, and perhaps beyond. The […]
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Renewables
Solar Power Hits New Highs in Britain
Solar power generation reached new highs in the United Kingdom recently, with a heat wave and stretch of sunny days across the country highlighting the potential for renewable energy in Britain. Solar produced a record 533 gigawatt hours (GWh) of power from June 21-28. Solar output topped 8 GW on each of the eight days, […]
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Legal & Regulatory
Trump Administration’s ‘All-of-the-Above’ Strategy Stresses Export Role for Natural Gas
The Trump administration, which is considering subsidizing baseload coal and nuclear power for resiliency and “national security,” is pursuing an “all-of-the-above” energy strategy that emphasizes natural gas exports, said Energy Secretary Rick Perry at the World Gas Conference this week in Washington D.C. In a keynote speech on June 26, Perry described the shale gas […]
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IIOT Aerospace
Bill Codifying Federal Role in ICS Cybersecurity Clears House
A bill codifying the Department of Homeland Security’s (DHS’s) role in addressing industrial control systems (ICS) cybersecurity has cleared the U.S. House of Representatives. While H.R. 5733, “DHS Industrial Control Systems Capabilities Enhancement Act,” contains no mandates for the private sector, it directs the DHS’s National Cybersecurity and Communications Integration Center (NCCIC) to develop and maintain […]
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Renewables
GE CEO: Company ‘Finished’ with Restructuring
General Electric (GE) saw its stock price surge more than 7% on June 26 after the company said it would dissolve its stake in oil services company Baker Hughes and spin off its healthcare unit over the next few years. The announcement comes one day after GE said it would sell its Distributed Power business, […]
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O&M
Test Your Knowledge: Monitoring and Treatment of Closed-Loop Cooling Water Systems
There are often multiple closed-loop water cooling systems installed in a power plant. Chances are good that they cool or control temperature on some very critical components. It can be easy to ignore these systems because they are usually quite reliable. By its very nature, when a closed-loop system remains closed and operates properly for an extended period of time, it is often […]
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Gas
GE to Sell Distributed Power Business to Private-Equity Firm
GE will sell its Distributed Power business, which includes the company’s Jenbacher and Waukesha engines, to Advent International, a global private equity investment company, in a deal worth $3.25 billion. “In Advent, we have a partner that shares our team’s passion for delivering outstanding customer outcomes,” Carlos Lange, president of Distributed Power, said in a […]
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Nuclear
First AP1000 Nuclear Units Reach Key Milestones
Two Westinghouse AP1000 nuclear power plants being constructed in China have successfully completed significant project milestones. Sanmen Unit 1—the world’s first AP1000 reactor—achieved initial criticality on June 21. Initial criticality is a nuclear industry term meaning the reactor’s neutron population has remained steady from one generation to the next and the nuclear fission chain reaction […]
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Renewables
Restructuring on Horizon for Siemens and GE
Siemens and General Electric, two rivals battling financial problems due to fewer orders for their flagship energy products and services, could each announce major restructuring moves in the coming weeks, according to media reports. Reuters on June 21, citing a person familiar with the matter, said Siemens plans to merge or trim some of its […]
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Coal
Puerto Rico’s Grid Needs Resiliency. Here’s Why It Won’t Be Easy.
Puerto Rico’s energy infrastructure must be redesigned and rebuilt with an emphasis on resilience—and that will require wide-ranging, long-term efforts, the Department of Energy (DOE) says in a new report. In its June 20 report, “Energy Resilience Solutions for the Puerto Rico Grid,” the agency lists a number of recommendations for the government of the […]
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Legal & Regulatory
AEP’s $4.5B Wind Catcher Project Gets Louisiana’s Approval
American Electric Power’s (AEP’s) proposed $4.5 billion Wind Catcher Energy Connection project—the largest single-site wind project in the nation—has garnered approval from the Louisiana Public Service Commission (LPSC). The LPSC on June 20 approved a settlement agreement related to the project, which is proposed by AEP subsidiary Southwestern Electric Power Co. (SWEPCO). Under the proposal, […]
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Finance
Increasingly Debt-Laden, Regulated Utility Sector Outlook Veers from ‘Stable’ to ‘Negative’
For the first time since it began conducting sector outlooks, Moody’s Investors Service has downgraded the regulated utility sector from stable to negative. The new outlook reflects a surge in financial risks in the sector as more individual companies in the regulated space funnel funds to debt. Using an analysis of 42 of the largest […]
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Renewables
Siemens’ CEO: Sale of Turbine Unit Just ‘Media Speculation’
Siemens Chief Executive Joe Kaeser on June 19 said reports last week that the German engineering company was considering a sale of its gas turbines manufacturing unit are “media speculation.” Kaeser made the remarks during an event in Zurich, Switzerland. He told Reuters that his company wants to improve the performance of the turbine unit, […]
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Renewables
Analysts: Coal Generation Will Plummet More Than 70%
About half the world’s power will be generated by wind and solar resources by 2050. Generation from coal will drop more than 70% from today’s levels. That’s according to research from energy analysts published June 19 in the “New Energy Outlook 2018” (NEO) from Bloomberg New Energy Finance (BNEF). The NEO report outlines information from […]
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Gas
Memo: Siemens ‘Committed’ to Gas Turbines Unit
Siemens still hasn’t commented on reports it could be looking to sell its gas turbine business. But the managing board member responsible for the company’s power and gas division reportedly issued a memo to staff in the wake of those reports, saying Siemens remains committed to its long-time flagship product. Bloomberg, which on June 13 […]
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Nuclear
TEPCO Exec: Daini Plant Will Be Decommissioned
A Tokyo Electric Power Co. (TEPCO) executive on June 14 said the utility is prepared to decommission the four idle units at its Fukushima Daini nuclear plant in Japan. The comments come as TEPCO continues to struggle with large compensation payments and cleanup costs associated with the March 2011 accident at its Fukushima Daiichi nuclear […]
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POWERnews—June 14, 2018
June 14, 2018 Siemens Reportedly Considering Sale of Gas Turbine Business Siemens AG, the parent company of Siemens Power and Gas, is contemplating the sale of its lucrative but lately troubled gas turbine business, according to one major news outlet. Citing… Read More Sponsored Content Is It Time to Modernize Your Power Generation Control Systems? […]