AEP CEO Nick Akins to Step Down, Julie Sloat Tapped as Next Company Head

Credit to Author: Sonal Patel| Date: Fri, 12 Aug 2022 16:33:38 +0000

American Electric Power’s (AEP’s) long-serving chairman, president, and CEO, Nick Akins, will step down as CEO on Jan. 1, 2023, and has already passed the company’s presidency to Julie A. Sloat, AEP executive vice president, and chief financial officer (CFO). Sloat, 53, will become the power generating company’s CEO in January, making her the first […]

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Europe May Need Temporary Coal, Oil Power Increase to Ready for ’Hard’ Winter, IEA Warns

Credit to Author: Sonal Patel| Date: Mon, 18 Jul 2022 14:50:35 +0000

European leaders should minimize gas use in the power sector and temporarily ramp up coal- and oil-fired generation while accelerating low-carbon sources to guard against energy market turmoil that has grown “especially perilous,” the head of the International Energy Agency (IEA) said on July 18. “I’m particularly concerned about the months ahead,” wrote IEA Executive […]

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Risks and Opportunities: It’s an Interesting Time to Be in the Power Industry

Credit to Author: Aaron Larson| Date: Fri, 01 Jul 2022 04:11:00 +0000

War rages in Europe. Natural gas prices are through the roof. Drought threatens hydro production. Weather extremes are becoming commonplace. Supply chains are strained. Demand for electricity is headed

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Rhode Island Targets 100% Renewables Procurement by 2033

Credit to Author: Sonal Patel| Date: Thu, 23 Jun 2022 12:58:56 +0000

Legislation passed in Rhode Island will commit the state to procure 100% of its electricity from renewable energy sources by 2033. If Gov. Daniel McKee, as expected, signs the bill into law, the Ocean State could have the nation’s fastest timeline for a 100% renewables procurement. The New England state’s legislature on June 17 approved […]

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NERC Warns of Mounting Reliability Risks, Urges Preparation for Challenging Summer

Credit to Author: Sonal Patel| Date: Thu, 19 May 2022 20:10:17 +0000

An unprecedented array of risks—ranging from capacity shortfalls, extreme weather, extended drought, supply chain issues, cybersecurity, solar PV tripping, fuel constraints, to wildfires—could imperil the reliability of nearly every North American bulk power system (BPS) region west of the Midcontinent Independent System Operator (MISO) this summer, the North American Electric Reliability Corp. (NERC) warns in […]

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ERCOT, MISO Warn of Potential Power Supply Shortfalls

Credit to Author: Sonal Patel| Date: Thu, 05 May 2022 16:49:05 +0000

The Electric Reliability Council of Texas (ERCOT) and the Midcontinent Independent System Operator (MISO) over the past week separately expressed concerns about power supply uncertainties in the face of upcoming warmer-than-normal temperatures. MISO raised an alarm on April 28 when it said that it projects “insufficient firm resources” to cover the summer peak under typical […]

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UK Leans Heavily on Nuclear in Bold New Energy Strategy

Credit to Author: Sonal Patel| Date: Mon, 02 May 2022 04:16:00 +0000

A long-awaited energy strategy published by the UK government on April 6 lays out bold commitments that tackle Great Britain’s multi-pronged challenges, including achieving net-zero carbon emissions while

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Administration, NRC, Nuclear Industry Look Ahead to Uncertain Territory

Credit to Author: Kennedy Maize| Date: Mon, 02 May 2022 04:13:00 +0000

The Biden administration is fully behind development of new nuclear power technology. It is encouraging the U.S. Nuclear Regulatory Commission (NRC) to look at “new approaches to regulation” as advanced

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