business

To strengthen balance sheets and thwart market woes afflicting generators in competitive markets, Dynegy Inc. and Vistra Energy will merge, creating a company that is projected to have a value greater than $20 billion. Dynegy, which operates a power plant fleet of 27 GW, will merge into Vistra Energy, the parent company of TXU Energy […]

The past year saw an astonishing number of mergers, acquisitions, and business reconfigurations of electricity and energy companies, without any obvious organizing theory. Is it possible to make sense of the activity, or is it just business Brownian motion—aka, random behavior?  Gas companies spun off power generating assets. Power companies sold offshore businesses. Independent generators […]

Japanese Firms Poised to Build Two 540-MW IGCC Plants Based on Nakoso Technology. A consortium of Japanese firms on December 1 said they had received full-turnkey orders for two integrated gasification

As our January 2017 cover image of a dynamic Rubik’s Cube suggests, the power industry, especially in the U.S., is dealing with something akin to solving a 3-D puzzle whose pieces are being added and subtracted as the game is being played. Although shares of traditional, regulated electric utilities remain some of the most predictable […]

Refurbishment of OPG’s Darlington Units Begins. Work to refurbish Ontario Power Generation’s (OPG’s) 3.5-GW Darlington Nuclear Generating Station kicked off on October 15. The refurbishment of the four Darlington reactors, which have provided about 20% of Ontario’s power since they went into service in the early 1990s, will span 10 years. The project is estimated […]

Vattenfall to Convert Berlin Coal Plants to Natural Gas. Sweden’s state-owned power company Vattenfall is phasing out the use of coal in Germany’s capital Berlin. The company on September 28 said it would

Mexico to Launch Pilot Carbon Trade Program. Mexico will launch a yearlong simulation of a cap-and-trade program this November. The pilot program will involve up to 60 companies, allowing them to adapt a

The annual panel discussion by high-level leaders from diverse power companies is a cornerstone of the ELECTRIC POWER Conference & Exhibition, and it has been consistently emblematic of the state of the

Saudi Arabia Mulling Privatization of State-Owned Utility. State-controlled Saudi Electricity Co. (SEC) is to be split into four power generation firms by the end of 2016 to increase efficiency, Abdullah

Renewables giant SunEdison will acquire emerging distributed energy firm Vivint Solar’s 523-MW rooftop solar portfolio in a $2.2 billion acquisition deal that signals momentum for the business model that has challenged the bottom lines of traditional utilities. SunEdison and Vivint Solar signed a definitive merger agreement on July 20. It will involve the acquisition of Vivint […]