Electricity

PJM forum on grid diversity

Washington, October 21, 2014, 8:30 am

PJM Interconnection forum, "Grid 20/20: Focus on Resource Diversity." FERC Chairman Cheryl LaFleur delivers morning keynote address. 

Investor group pays $3.4B for power company Cleco

PINEVILLE, La. (AP) — An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion.

The group will pay $55.37 in cash for each share of Cleco, which owns the regulated electric utility Cleco Power. That amounts to a 15 percent premium on the stock's closing price of $48.27 on Friday, the last trading day before the deal was announced.

GE sees strong US economy as profit rises

NEW YORK (AP) — General Electric Co. posted strong third quarter results, issued an upbeat forecast for the fourth quarter and said U.S. industrial activity is at its highest level since the financial crisis.

CEO Jeff Immelt said there is uncertainty in the global economy, but that nations around the world are still going ahead with large infrastructure projects and companies are buying equipment.

FERC investigating polar vortex effects on power grid

Source: 
The Hill

The Federal Energy Regulatory Commission said it has begun investigating the impact of last winter's polar vortex on the power grid, with hopes the findings will help utilities be better prepared to prevent outages, The Hill reports.

Built-in or portable? Choosing the right generator

As storms have become more severe in many parts of the country and power outages more frequent, home generators have gone from luxury items to mainstream ones.

Prices have come down, thanks to growing demand and cheaper technology. But the idea of buying and installing one can still be daunting, mainly because there are so many variables to consider. Much depends on how much you want the generator to do.

Magnitude 7.4 offshore quake hits Central America

SAN SALVADOR, El Salvador (AP) — A magnitude 7.4 underwater earthquake off the Pacific coast of El Salvador shook several Central American countries late Monday.

There were no immediate reports of damage or injuries and no tsunami warnings. But power outages were reported in El Salvador, and Nicaragua put out an internal alert, announcing that schools would be closed on Tuesday.

Power plant shutdowns move ERCOT to rotate outages

Source: 
FuelFix

Two hours of controlled rotating electricity outages affected the Rio Grande Valley in Texas Wednesday, as the Electric Reliability Council of Texas initiated the action after two power plants went offline, FuelFix reports.

PJM suggestions to keep demand response going despite court ruling

Source: 
E&E

In the wake of the ruling by the U.S. Court of Appeals for the District of Columbia Circuit, which threw out the Federal Energy Regulatory Commission’s demand response policy, PJM Interconnection has issued a white paper that proposes a new structure to keep afloat the concept of providing incentives for customers to use less energy, E&E reports.

California power regulator to exit amid criticism

SAN FRANCISCO (AP) — California's chief utility regulator, under fire over accusations of secret dealings with the state's largest utility, said Thursday he will not seek reappointment when his term ends at the end of the year.

California Public Utilities Commission President Michael Peevey made the announcement after a state lawmaker said he would bring legislation to block Peevey's reappointment to a third term. Democratic state Sen. Jerry Hill applauded Peevey's decision, saying it was "more than just a great first step."

California utility faces penalty in judge-shopping

SAN FRANCISCO (AP) — California should ban all back-channel contacts between the state's largest utility and the utility's state regulators, groups representing rate-payers and others urged a state administrative judge Tuesday after the release of emails showing regulators and utility executives secretly negotiating rate cases and other matters.

Administrative law Judge Hallie Yacknin was hearing proposed penalties in connection with emails released this summer that critics say show California Public Utilities Commission members and staffers and executives of Pacific Gas & Electric Co. improperly and privately hashing out agreements on issues regarding rate cases and financial penalties.

Pages

Subscribe to Electricity