PSEG to Return to Regulation, Will Divest 6.7-GW Fossil, Solar Fleet

Credit to Author: Sonal Patel| Date: Thu, 06 Aug 2020 13:03:44 +0000

The post PSEG to Return to Regulation, Will Divest 6.7-GW Fossil, Solar Fleet appeared first on POWER Magazine.

Public Service Enterprise Group (PSEG), New Jersey’s giant utility, has become the latest major U.S. power company to seek an exit from the competitive generation business.  In a statement attached to the company’s second-quarter 2020 earnings results released on July 31, Ralph Izzo, PSEG chairman, president, and CEO, said the company is “exploring strategic alternatives” […]

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Rural Electric Cooperatives: Debt Rules Need to Change

Credit to Author: Aaron Larson| Date: Tue, 21 Jul 2020 17:50:28 +0000

The post Rural Electric Cooperatives: Debt Rules Need to Change appeared first on POWER Magazine.

Rural-electric-cooperative-USDA

The National Rural Electric Cooperative Association (NRECA) is working feverishly to get a provision into the next COVID-19 stimulus package that would allow electric cooperatives to reprice loans from the Rural Utilities Service (RUS) at current low interest rates without penalties. The change could save co-ops more than $10 billion. The RUS, which is a […]

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Renewable Energy Growth Stymied by Pandemic, but Optimism Is High

Credit to Author: Aaron Larson| Date: Thu, 16 Jul 2020 12:45:03 +0000

The post Renewable Energy Growth Stymied by Pandemic, but Optimism Is High appeared first on POWER Magazine.

Freedom-Solar-East-Austin-Install-PV-power

The renewable energy sector was on a steep growth curve entering 2020 with a lot of experts predicting a record year. Then COVID-19 disrupted the entire world, causing trouble in supply chains and putting millions of workers in unemployment lines. However, a new report released by the American Council on Renewable Energy (ACORE), a renewable […]

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The Evolution of Power Business Models

Credit to Author: Sonal Patel| Date: Wed, 01 Jul 2020 04:10:00 +0000

The post The Evolution of Power Business Models appeared first on POWER Magazine.

Traditional models have been upended by recent disruptions, including decarbonization, decentralization, and even the COVID pandemic, but new ones are replacing them that focus on customer preference

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Rural Electric Cooperatives Get Big Money to Improve Infrastructure

Credit to Author: Aaron Larson| Date: Wed, 24 Jun 2020 19:48:29 +0000

The post Rural Electric Cooperatives Get Big Money to Improve Infrastructure appeared first on POWER Magazine.

Seminole-Electric-combined-cycle-power-plant

The U.S. Department of Agriculture (USDA) said it will provide loans and loan guarantees to rural electric cooperatives and utilities to build or improve infrastructure in 21 states. The funding was announced on June 22 and amounts to more than $1.6 billion, including nearly $386 million for investments in smart grid technology, which uses digital […]

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IRS Grants Wind and Solar Sectors Critical COVID-19 Reprieves

Credit to Author: Sonal Patel| Date: Thu, 28 May 2020 14:57:02 +0000

The post IRS Grants Wind and Solar Sectors Critical COVID-19 Reprieves appeared first on POWER Magazine.

Wind turbine

The U.S. Internal Revenue Service (IRS) has granted a one-year extension of the continuity safe harbor, providing much-needed relief for many wind developers, which, crippled by pandemic-related delays, were racing to complete projects before crucial tax incentives expired at the end of this year.  In its May 27–issued Notice 2020-41, the IRS essentially modified prior […]

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Govt seeks P160B for stimulus package

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 14 May 2020 16:49:24 +0000

The government is seeking up to P160 billion for its economic stimulus package, nearly half of which would be used as capital for and investments in state-owned banks, as well as loan guarantees, which could result in economic activities worth almost a trillion pesos, according to the Department of Finance (DoF). “What we are proposing […]

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THE BIG PICTURE (Infographic): Capital Costs

Credit to Author: Sonal Patel| Date: Fri, 01 May 2020 04:04:24 +0000

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POWER Digest [May 2020]

Credit to Author: Sonal Patel| Date: Fri, 01 May 2020 04:02:00 +0000

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OPG Reaches First Criticality at Darlington 2, Delays Work at Unit 3. Ontario Power Generation’s (OPG’s) Darlington Unit 2 reactor, the first of four reactors the company is overhauling at the Darlington

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What Does It Take to Develop Utility-Scale Solar Projects? [PODCAST]

Credit to Author: Aaron Larson| Date: Tue, 31 Mar 2020 23:05:59 +0000

The post What Does It Take to Develop Utility-Scale Solar Projects? [PODCAST] appeared first on POWER Magazine.

Constructing a utility-scale solar project requires more than simply buying PV panels and mounting them in a field. It can take years to find the right location, conduct feasibility studies, obtain permits, and align the proverbial stars. A couple of experts, who have managed multiple projects through the process, were guests on The POWER Podcast. […]

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