POWER Notebook: Ohio Gas Plant Project in Jeopardy if Nuclear Bill Passes

Credit to Author: Darrell Proctor| Date: Tue, 16 Jul 2019 00:39:26 +0000

New York City-based LS Power on July 15 said it would end a project to expand its natural gas-fired Troy power plant in Ohio if state lawmakers pass legislation to subsidize the state’s two nuclear power plants. LS Power in a news release Monday said, “Handouts to nuclear plants jeopardize the economics of the other […]

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Iraq Developing Solar to Complement GE, Siemens Projects

Credit to Author: POWER| Date: Mon, 01 Jul 2019 00:00:00 +0000

Iraq’s $14 billion deal with Siemens to develop power generation projects in the country has grabbed most of the headlines this year, but the country continues to develop power projects with GE, and also in

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Rhode Island Rejects Burrillville Gas-Fired Plant

Credit to Author: Darrell Proctor| Date: Fri, 21 Jun 2019 16:39:58 +0000

A proposed 900-MW gas-fired power plant was rejected by Rhode Island regulators on June 20, leaving project developer Invenergy pondering its options for the planned facility in Burrillville. Rhode Island’s Energy Facility Siting Board, after a daylong hearing in Warwick, said the plant is not needed. Chicago, Illinois–based Invenergy can appeal the decision to the […]

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BNEF Report: As Prices Fall, Renewables Rise Worldwide

Credit to Author: Darrell Proctor| Date: Wed, 19 Jun 2019 17:54:12 +0000

A new report from BloombergNEF (BNEF) predicts about half of the world’s power will come from renewable resources, including solar and wind, by 2050. The group’s New Energy Outlook 2019, released June 18, noted the trend will be driven by falling prices for solar, wind, and battery storage, along with trillions of dollars of investments […]

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Future May Not Be as Rosy as It Seems for Natural Gas [PODCAST]

Credit to Author: Aaron Larson| Date: Thu, 13 Jun 2019 13:44:14 +0000

The natural gas industry is doing quite well and the future looks bright to many observers. “We’re at a really great moment for the natural gas industry in the U.S. Production is growing dramatically. Shale continues to provide tremendous improvements technologically, bringing the cost down and growing the production, extending access to U.S. gas. At […]

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Power Marketer to Tri-State: We’ll Buy and Close Your Coal Plants

Credit to Author: Darrell Proctor| Date: Wed, 29 May 2019 16:19:05 +0000

A wholesale power provider in Colorado wants to supply the state’s largest electric cooperative with power from mostly renewable sources, saying it will pay Tri-State Generation and Transmission Association to retire its coal-fired plants in Colorado and New Mexico. Tri-State, at least for now, said it will not consider the offer. Denver-based Guzman Energy on May […]

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Xcel Sets Closure of Minnesota Coal Plants

Credit to Author: Darrell Proctor| Date: Wed, 22 May 2019 15:27:19 +0000

Xcel Energy on May 20 announced it would close its two remaining coal plants in Minnesota over the next decade, and the utility said it also wants to operate its Monticello nuclear plant in the state until at least 2040. Xcel, which is headquartered in Minneapolis, Minnesota, and serves electricity and natural gas customers in […]

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EIA: Gas, Renewables Outpacing Coal for Power Generation

Credit to Author: Darrell Proctor| Date: Fri, 10 May 2019 16:54:21 +0000

The percentage of coal-fired generation in the U.S. electricity mix will continue to decline, the Energy Information Administration (EIA) said May 9, with gas-fired generation accounting for at least 40% of the nation’s power this summer and output from renewables continuing to rise. EIA’s latest Short-Term Energy Outlook (STEO) said coal-fired units will produce only […]

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POWER Notebook: Duke Energy Sells Renewable Assets in $1.25 Billion Deal

Credit to Author: Darrell Proctor| Date: Fri, 26 Apr 2019 15:33:39 +0000

Duke Energy this week said it has a definitive agreement to sell a minority interest in part of its commercial renewable energy portfolio owned and operated by its affiliate, Duke Energy Renewables, to the John Hancock Infrastructure Fund and John Hancock Life Insurance Company. Duke in an April 24 release said the interest is valued […]

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Rocky Mountain Power Considers Early Closure of Coal Units

Credit to Author: Darrell Proctor| Date: Thu, 25 Apr 2019 16:12:27 +0000

Rocky Mountain Power (RMP) on April 24 said an updated analysis of its operations suggests the company could lower costs for customers if it accelerates the retirement of four coal-fired units in Wyoming. Gary Hoogeveen, president and CEO of RMP, which is part of Pacificorp, told state and local officials the company has not made […]

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