Electricity

PJM says November demand record down to cold

Source: 
Platts

PJM Interconnection has reported a new record demand level for November -- 121,987 megawatts – reached Tuesday evening, which the eastern regional grid operator attributes to the current spell of cold weather and which also sent prices soaring above $100 per megawatt-hour in two areas, Platts reports.

Energy harvesting to get tech boost

Source: 
CNBC

Companies like Echogen are betting that advances in technology will improve the feasibility of energy harvesting – generating power from things like vibrations, heat or radio waves – although the chief of ARPA-E, the Energy Department’s agency promoting research, says retooling the grid to add local energy storage may be a more significant step for the nation’s power picture, CNBC reports.

Energy sector remains hacking target, studies find

Source: 
CNN

A variety of surveys and studies have determined that the energy sector, in many cases running on technology developed in the 1970s, remains vulnerable to computer hacking, CNN reports.

Work to start on Virginia plant, says Panda Power

Source: 
Platts

Construction should be starting immediately on the 778-megawatt Stonewall natural gas-fired plant in Loudon County, Va., according to Panda Power, which says it has raised $571 million in debt capital for the work, Platts reports.

Senate Environment hearing on TVA nominees

Washington, November 13, 2014, 11:00 am

Senate Environment and Public Works Committee hearing on nominations of Virginia T. Lodge and Ronald A. Walter to the TVA board. 

APPA hosts Grid Security Summit

Washington, November 12, 2014, 8:30 am

American Public Power Association hosts the Grid Security Summit. Congressional aides, Obama administration officials to speak. Continues Thursday.

Homeland warns of Russian hacking attack aimed at US infrastructure

Source: 
The WashingtonTimes

The Homeland Security Department has issued a warning that a “Trojan Horse” malware program linked to Russian hackers has put U.S. infrastructure from nuclear power plants to power grids at risk, The Washington Times reports.

Moody's reassures on status of electric utilities

Source: 
Platts

Moody's Investors Service in a report sought to downplay concerns that falling renewable power costs and growing distributed generation will launch a "death spiral" for electric utilities, saying current regulatory structures will help maintain systems, Platts reports.

Cool summer hits Duke Energy profits

Source: 
Reuters

Cooler temperatures over the summer reduced demand for energy and cut into Duke Energy’s profits in the third quarter, the power company reported, declaring earnings excluding charges of $1.40 a share, which was lower than analysts’ expectations, Reuters reports.

Siemens net profit up 40 percent, outlook cautious

FRANKFURT, Germany (AP) — Industrial equipment maker Siemens says quarterly net profit rose 40 percent but issued a cautious outlook for the coming year, saying global tensions would affect its business and predicting flat revenue.

Siemens also said Thursday it was selling its hearing-aid business to the investment company EQT and Germany's Struengmann family of entrepreneurs for 2.15 billion euros ($2.68 billion).

Net income for the quarter ending Sept. 30, the company's fiscal fourth, rose to 1.50 billion euros ($1.87 billion) from 1.07 billion euros in the same quarter a year ago. Revenue was flat at 20.56 billion euros. Sales and profit figures beat estimates compiled by financial information provider FactSet.

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