Electricity

New NRG exec explains company’s focus on Millennials

Source: 
U.S. News & World Report

Setting its sights on catering to the younger generation of Millennials, NRG Home CEO Steve McBee explains to U.S. News & World Report that the company wants to move on from the traditional limited and centralized utility services to offer individuals customized choices.

Weaker economy to hit energy demand in California: Regulators

Source: 
Platts

The update to California’s 10-year energy forecast, approved Wednesday by members of the state’s Energy Commission, lowers demand projections for the three big investor-owned utilities to 193,000 gigawatt hours in 2024, roughly 5,000 less than predicted last year, Platts reports.

Northeast Utilities to rebrand itself as Eversource Energy

Source: 
Hartford Courant

A formal rollout is due in February, a spokeswoman told the Hartford Courant, but she has confirmed that Northeast Utilities is changing its name to Eversource Energy.

Utility stocks could repeat strong performance in 2015

Source: 
The Wall Street Journal

Market conditions that boosted performance of the utility sector in 2014 – plummeting oil prices and disappearing inflation – could see a repeat this year, The Wall Street Journal reports.

Cold prompts Duke to urge power conservation on its customers

Source: 
The Wall Street Journal

A request from Duke Energy to its Carolina customers to conserve electricity -- particularly during Thursday morning hours – was prompted by frigid temperatures, The Wall Street Journal reports.

Cold brings power price spikes to the East

Source: 
Platts

Electricity demand and prices were spiking Tuesday in spots on the East Coast due to the cold weather, although PJM Interconnection didn’t expect to approach the record levels of demand -- above 141,000 megawatts -- set a year earlier, Platts reports.

Legal fight over Exelon-Pepco move still brewing in Delaware

Source: 
The News Journal

Delaware’s Public Service Commission will hold three days of hearings in February on the state’s part of Exelon’s proposed $6.8 billion takeover of Pepco Holdings, The News Journal reports.

Regulators weigh proposal to close part of New Mexico plant

SANTA FE, N.M. (AP) — New Mexico regulators began taking testimony Monday on a plan that calls for shutting down part of an aging coal-fired power plant that provides electricity to more than 2 million people in the Southwest.

The plan would curb haze-causing pollution at the San Juan Generating Station, but some environmentalists argue it doesn't do enough to wean the state's largest utility off fossil fuels.

Israel arrests 6 in Siemens bribe affair

JERUSALEM (AP) — Israel's securities regulator said last week that authorities have arrested six current and former executives from Israel's electric company on suspicion of accepting $20 million in bribes from German engineering firm Siemens AG.

The Israel Securities Authority alleges Siemens and its Israeli subsidiary bribed the Israel Electric Corp. executives from 2000-2005 to win the Israeli company's tender for a power station turbine project. It said the bribes were part of a worldwide bribery scandal in which Siemens agreed to pay more than $1.3 million in fines.

Vermont's sole nuclear power plant ends operations

MONTPELIER, Vt. (AP) — Vermont's only nuclear plant stopped sending power to the New England grid last week following more than 42 years of producing electricity.

The shutdown came just after noon Monday as the Vermont Yankee plant completed its 30th operating cycle when workers inserted control rods into the reactor core and stopped the nuclear reaction process, the plant's owner said.

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