Electricity

Electricity prices jumped in 2014, EIA says

Source: 
FuelFix

A rise in wholesale electricity prices ended up getting passed along to consumers last year, according to an analysis from the Energy Information Administration, which said the 3.5 percent increase to an average of 12.5 cents per kilowatt hour was the biggest jump in more than six years, FuelFix reports.

NH: City of Berlin may buy hydropower plant

Source: 
Union Leader

Now that New Hampshire regulators have agreed to Eversource Energy’s selloff of 12 power plants, the mayor of Berlin says the city may be interested in buying a hydrolelectric facility on the Androscoggin River, the Union Leader reports.

South Africa's power blackouts generate frustration, humor

JOHANNESBURG (AP) — Driving home through dead traffic lights to a half-cooked dinner is the new normal in South Africa, where rolling power blackouts have become a common drudgery. The government warns that forced outages will continue for years.

South Africa's electricity grids are overloaded, forcing the state-run power supplier to cut electricity to certain areas, it says.

Oil

Factory output falls for third straight month in February

WASHINGTON (AP) — Output at U.S. factories fell for a third straight month in February, driven by a big drop in production at auto plants.

The Federal Reserve said Monday that manufacturing output fell 0.2 percent in February, following a decline of 0.3 percent in January. Overall industrial production edged up a slight 0.1 percent in February, as unusually cold weather in many parts of the country led to a surge at utilities.

Businesses upbeat on Egypt's chances at investment meeting

SHARM EL-SHEIKH, Egypt (AP) — Corporate leaders offered upbeat assessments Saturday of Egypt's economic prospects and confidence in the government's ongoing efforts to streamline the country for business after four years of unrest, as companies signed billion dollar deals at a conference aimed at spurring investment.

The meeting, a cornerstone of the government's plan to woo desperately needed investors, began a day earlier at the spruced-up Red Sea resort of Sharm el-Sheikh with massive commitments from key Gulf allies United Arab Emirates, Saudi Arabia and Kuwait.

Solar eclipse will test Germany's green power grid

BERLIN (AP) — Will next week's partial solar eclipse turn off the lights in Germany?

Experts say the country's electricity grid, which relies increasingly on renewable energy, faces a crucial test on the morning of March 20, when the moon will pass in front of the sun and block up to 82 percent of its light across Germany.

Energy Department studying cybersecurity risks for transformers

Source: 
E&E

The Energy Department is examining large power transformers, officials have told E&E, probing their vulnerability and determining whether it’s necessary to stockpile emergency equipment to help the grid recover in the event of an attack.

New power capacity coming from wind, natgas, solar: EIA

Source: 
The Hill

More than 90 percent of new generating capacity in the U.S. this year will come from wind, natural gas and solar, according to data from the Energy Information Administration, The Hill reports.

Duke Energy to pay $146M to settle lawsuit over CEO ouster

RALEIGH, N.C. (AP) — America's largest electric company said Tuesday that it is settling a lawsuit that claimed shareholders lost millions of dollars when Duke Energy surprised investors by ousting its CEO hours after a long-anticipated buyout of its smaller neighbor.

Charlotte-based Duke Energy said its insurers and shareholders would pay $146 million to end the lawsuit filed after the company completed its July 2012 buyout of Raleigh-based Progress Energy Inc. The company set aside $26 million for the amount not covered by insurance and said consumers would not pay the cost.

Southern Co. CEO speaks on future of power industry

Washington., March 10, 2015, 1:30 pm

Southern Co. President and CEO Thomas Fanning addresses Atlantic Council on future of the power sector amid technological advancement.

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