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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Indiana Regulators Reject Vectren Plan for Gas Plant

Credit to Author: Darrell Proctor| Date: Wed, 24 Apr 2019 18:09:49 +0000

The Indiana Utility Regulatory Commission (IURC) on April 24 rejected Vectren’s proposal to build an 850-MW natural gas-fired power plant to replace two coal-burning units at its A.B. Brown Generating Station, along with another coal unit at a nearby plant. The commission said it based its decision on the potential financial risk to ratepayers who they said […]

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Ohio Lawmakers Announce Plan to Subsidize Nuclear Plants

Credit to Author: Darrell Proctor| Date: Sun, 14 Apr 2019 16:28:09 +0000

Ohio lawmakers on April 12 announced a plan to provide financial support to the state’s two nuclear power plants by adding a surcharge to customers’ electric bills. The bill’s supporters said it also would generate as much as $300 million annually for clean power generation in Ohio, though the measure calls for abolishing mandates for […]

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New Gas-Fired Plants Come Online in Michigan

Credit to Author: Darrell Proctor| Date: Mon, 01 Apr 2019 16:10:12 +0000

Upper Michigan Energy Resources Corp. (UMERC) placed two new natural gas-fired generating stations into commercial operation on March 31, part of the company’s plan to reshape its generation fleet as it seeks to “balance reliability and customer cost with environmental stewardship.” UMERC, a subsidiary of WEC Energy Group, also retired the coal-fired 430-MW Presque Isle […]

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Gas Now Tops Coal in PJM, but Nuclear Still No. 1

Credit to Author: Darrell Proctor| Date: Tue, 19 Mar 2019 21:22:55 +0000

A report from an independent market monitor for PJM Interconnection shows that natural gas-fired power generation topped coal-fired output in PJM in 2018, the first time that gas has topped coal in the history of the largest U.S. grid operator. The “2018 State of the Market” report from Monitoring Analytics LLC, which includes Volume 1 […]

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