POWERnews
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POWERnews–Jan. 22, 2015
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Finance
European Power Markets Force Changes at RWE, E.ON, and Vattenfall
Persistently low prices on the wholesale electricity market are forcing RWE—the third-largest electricity provider in Europe, serving 16 million customers—to consider dismantling some gas-fired power plants and shipping them abroad, Dr. Rolf Martin Schmitz, RWE’s COO, told Reuters in an interview. The German-based company has been struggling for awhile. In August 2014, RWE announced that […]
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Solar
State of the Union Address Light on Energy Issues
President Obama’s State of the Union (SOTU) address on Tuesday night held no surprises about energy issues. The word “energy” only appeared twice in the president’s speech—once in mention of the nation’s “booming energy production” and once with regard to how we produce and use energy. The word “power” came up twice with respect to […]
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Energy Storage
Japan Mulling $800 Million Stimulus for Battery Storage and Efficiency
The Japanese Ministry of Economy, Trade, and Industry (METI) is considering a proposal for a stimulus package that would allocate ¥93 billion (about $779 million) to support installations of energy storage systems by industrial, commercial, and residential customers, as well as a variety of energy efficiency measures, according to a report in Bloomberg. The METI […]
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Environmental
China Cuts National Energy Intensity by Nearly 5% in 2014
Continuing a drive to reduce its energy intensity 16% between 2010 and 2015, China’s State Council announced on Jan. 20 that the country had managed a 4.8% reduction in 2014, beating the target of 3.9%. Energy intensity is a measure of a nation’s efficiency in using energy to drive growth in gross domestic product (GDP). […]
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Legal & Regulatory
U.S. Electric Utility Toxic Releases Decrease 49% During the Past Decade
On Jan. 14, the Environmental Protection Agency (EPA) published its Toxics Release Inventory (TRI) report for 2013 showing that electric utilities have cut toxic releases to the environment 49% since 2003. The drop was driven by a 73% decline in on-site toxic air releases as a result of a decrease in hazardous air pollutants (HAP) […]
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Renewables
Desert Sunlight PV Plant Comes Online
The 550-MW Desert Sunlight solar photovoltaic (PV) plant near Riverside, Calif., which matches MidAmerican’s Topaz Solar project for the largest solar plant in the world, began commercial operations in December, according to the California Independent System Operator. Developed and built by First Solar, and owned by NextEra, GE Energy Financial Services, and Sumitomo, Desert Sunlight […]
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POWERnews–Jan. 15, 2015
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Coal
Agreements Solve Power Problem in Michigan, Move Wisconsin Energy’s Acquisition of Integrys Forward
Michigan Gov. Rick Snyder announced a series of deals designed to eliminate a costly utility rate payment in the state’s Upper Peninsula (UP), while providing long-term, cost-effective energy reliability for the region. The solution was developed through four principle agreements. In one, the electric utility businesses now owned by We Energies and Integrys (doing business […]
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Legal & Regulatory
U.S. Will Seek to Cut Upstream Methane Emissions Up to 45% by 2025
The Obama administration announced on Jan. 14 that the Environmental Protection Agency (EPA) will propose new regulations to cut emissions of methane from the oil and gas industry, as well as other measures, with a goal of reducing total U.S. methane emissions 40% to 45% by 2025. The proposed rule is expected this summer. Emissions […]