Nine Utility Companies Suing Trump Over Emissions Rule

Credit to Author: Darrell Proctor| Date: Mon, 16 Sep 2019 22:37:38 +0000

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A coalition of nine utility companies is suing the Trump administration over its plan to replace the Obama-era Clean Power Plan. New York-based Consolidated Edison said the Affordable Clean Energy, or ACE, rule undermines efforts the companies already have in place to cut greenhouse gas emissions from power generation. The companies, who call their group […]

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PG&E’s Reorganization Plan—Cap Wildfire Liabilities at $18 Billion

Credit to Author: Darrell Proctor| Date: Tue, 10 Sep 2019 00:03:33 +0000

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Pacific Gas & Electric (PG&E) wants to cap its liabilities from damages caused by California wildfires at about $18 billion, according to the reorganization plan filed by the bankrupt utility September 9 in federal court in San Francisco. The amount is less than half what creditors, including insurance companies and wildfire victims, say they are […]

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PG&E Seeking $14 Billion in Restructuring Plan

Credit to Author: Darrell Proctor| Date: Thu, 05 Sep 2019 18:52:37 +0000

The post PG&E Seeking $14 Billion in Restructuring Plan appeared first on POWER Magazine.

Pacific Gas & Electric (PG&E) reportedly will soon file a restructuring plan that includes more than $14 billion in equity commitments, as the utility looks to recover from billions of dollars in liabilities tied to its role in California wildfires that caused the company to file the largest utility bankruptcy in U.S. history. Bloomberg on […]

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Public vs. Private: What’s Best for Power Customers?

Credit to Author: POWER| Date: Tue, 03 Sep 2019 04:00:00 +0000

There are generally three types of electric power utility ownership structures: public power utilities, rural electric cooperatives, and investor-owned utilities (IOUs). The American Public Power Association

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Pipeline Deal Means More U.S. Natural Gas for Mexico Power Plants

Credit to Author: Darrell Proctor| Date: Wed, 28 Aug 2019 21:07:03 +0000

Mexico is preparing to import more U.S. natural gas to supply the country’s gas-fired power plants and industrial facilities after the Mexican government reached a deal that will allow several stalled pipeline projects to be completed. Mexican President Andres Manuel Lopez-Obrador on Aug. 27 said his administration’s deal with Canadian pipeline operator TC Energy; IEnova, […]

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Developer Blasts Ohio Nuclear Deal, Pulls Plug on Gas Plant Project

Credit to Author: Darrell Proctor| Date: Wed, 21 Aug 2019 17:59:37 +0000

The president of a company developing two new natural gas-fired power plants in Ohio said he is ending a project for a third plant there after lawmakers passed legislation to help two struggling nuclear generation facilities in the state. Bill Siderewicz, who leads Massachusetts-based Clean Energy Future LLC, on August 20 in a statement said […]

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FES Will Close Mansfield Coal Plant Early

Credit to Author: Darrell Proctor| Date: Mon, 12 Aug 2019 16:17:51 +0000

FirstEnergy Solutions (FES) said it will close the Bruce Mansfield power plant in Pennsylvania in November, two years ahead of the previously scheduled closure for the facility’s remaining coal-fired unit. FES in a statement August 9 cited a “lack of economic viability in current market conditions” for the decision to shutter the 830-MW Unit 3, […]

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How Nevada Is Leading the Renewable Energy and Battery Storage Charge [PODCAST]

Credit to Author: Aaron Larson| Date: Mon, 05 Aug 2019 17:54:34 +0000

Renewable energy and battery storage are hot topics in the U.S. today. Lawmakers throughout the country debated various new energy policies during the 2019 legislative session. Nevada is among the states leading the way forward. Several new laws were passed in the state that will affect power companies and consumers for years to come. Curt […]

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PG&E Asks Bankruptcy Judge to Back Restructured Power Deals

Credit to Author: Darrell Proctor| Date: Fri, 02 Aug 2019 20:55:44 +0000

California utility Pacific Gas & Electric (PG&E) has asked the judge overseeing its bankruptcy case to support restructured deals with some of the utility’s power suppliers in an effort to reduce the price PG&E pays for those companies’ electricity. The fate of $42 billion worth of long-term power purchase agreements (PPAs) is a key component […]

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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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