markets

President Trump wants to provide financial support to struggling coal and nuclear power plants. He’s told the Department of Energy (DOE) to make it happen. But a bipartisan group of lawmakers on Capitol Hill, along with commissioners from the Federal Energy Regulatory Commission (FERC), made it clear June 12 they don’t support federal government intervention […]

General Electric’s (GE’s) power unit has said it will end manufacturing operations at its plant in Salem, Virginia, next year, with more than 260 workers losing their jobs, according to union officials. Officials noted that 42% of the affected workers are eligible for retirement. The plan announced June 8 said the Salem plant, which opened […]

The Federal Energy Regulatory Commission’s (FERC’s) recent Order 841, “Electric Storage Participation in Markets Operated by Regional Transmission Organizations [RTOs] and Independent System Operators

The Electric Reliability Council of Texas (ERCOT) on April 30 updated its summer 2018 planning reserve margin to 11% based on resource updates, but it warned that the regional grid serving most of Texas could still suffer rotating outages under extreme conditions. In its final Seasonal Assessment of Resource Adequacy (SARA) report for the upcoming […]

GE has launched a three-part strategy to address a dismal outlook for its power division that will involve operating in a “leaner, more cost-efficient way,” the company’s head told investors in a February 26 letter. The multinational conglomerate’s long-standing and lucrative GE Power business unit’s earnings plunged 45% in 2017 owing to costly operational misses […]

Merchant markets for independent power producers in the U.S. are unfavorable, and many companies in the sector have slumping profits—even big losses—as they ponder where to go in the months and years

Kevin McIntyre was sworn in as chairman of the Federal Energy Regulatory Commission on December 7, just more than a month after his nomination to the post was approved by the Senate. He takes over from interim chair Neil Chatterjee, who will remain at FERC as a commissioner. The agency that regulates transmission and wholesale […]

Southeast Asia offers rich renewable sector opportunities, recently exemplified by Chevron’s multibillion-dollar sale of its Indonesian and Philippines geothermal projects, and the purchase of Equis Energy

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 U.S. wind industry reported 29,634 MW of generation capacity was under construction or in advanced development at the end of the third quarter of 2017, according to the American Wind Energy Association’s (AWEA) U.S. Wind Industry Third Quarter (Q3) 2017 Market Report released October 26. The 29,634 MW is spread across 149 projects in […]