Electricity

Greece faces power cuts as unions plan strikes

ATHENS, Greece (AP) — Greek authorities warned Wednesday of possible power cuts at the heart of the summer tourist season as electric utility workers head for protracted strikes against government plans to break off and sell part of the country's dominant power producer.

Public Power Corporation unions have vowed to launch rolling 48-hour walkouts Thursday. They argue that electricity supply is a vital commodity that should stay under state control.

The conservative-led government insists it will carry out the sale — which was demanded by the recession-plagued country's international creditors. It is threatening to force strikers back to work with a mobilization order.

Money problems beset Puerto Rico’s electricity generator

Source: 
The New York Times

The Puerto Rico Electric Power Authority, or Prepa, may have trouble this summer paying back $146 million it owes Citibank, but it has more of an option to restructure its debt now that Gov. Alejandro Garcia Padilla has signed a measure into law that will allow it, The New York Times reports.

Expanding grid to make it greener increases hacking vulnerability

Source: 
Bloomberg

Security experts are warning that adding multiple sources of renewable energy to the grid makes it much more vulnerable to hacking, Bloomberg reports.

RI rules pushing National Grid to seek renewables

Source: 
Platts

Driven by Rhode Island rules requiring it to sign contracts for at least 90 megawatts of renewable energy by the end of the year, National Grid is seeking bid submissions of proposals for 10-15 year deals by Aug. 5, Platts reports.

Renewables could get 2/3 of power plant investments to 2030

Source: 
Bloomberg

$7.7 trillion will be spent globally on new power plants between now and 2030, according to an analysis by Bloomberg New Energy Finance, which adds that two-thirds of the investment could go to renewable energy, Bloomberg reports.

Creditors fight Energy Future plan to compensate 'anchor investors'

Source: 
Bloomberg

A proposed $1.9 billion loan that would lock in a restructuring plan for the bankrupt Energy Future Holdings is the target of unhappy creditors arguing against the proposal in a Delaware court Monday, Bloomberg reports.

Ex-Duke CEO urges fight against climate change

Source: 
E&E

Even as North Carolina and the giant Duke Energy appear to be moving toward the right, the company’s former chief Jim Rogers is urging backing for the fight against climate change, and warning that the utility needs to embrace changing technology, E&E reports.

Power output at Hoover Dam drops as Lake Mead recedes

Source: 
E&E

Power output at the Hoover Dam is declining as the water level drops in Lake Mead, with the capacity of its generating units lowered, E&E reports.

ConEd pushes efficiency to avoid constructing substation

Source: 
Bloomberg

Trying to avoid having to spend $1 billion on a new substation, Consolidated Edison is hoping to be able to persuade customers in Brooklyn and Queens to cut back on their electricity usage, Bloomberg reports.

Avista gets $15M from suit settlement

Source: 
The Spokesman-Review

A settlement from a market manipulation case involving California utilities and electricity prices in 2000-2001 has brought $15 million to Avista Energy following approval from the Federal Energy Regulatory Commission, The Spokesman-Review reports.

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