Electricity

Power companies joining to stockpile key parts

Source: 
E&E

Eight electric power and energy companies – including Duke Energy, Exelon Corp., and Southern Co. – say they are forming an independent group, Grid Assurance, which will buy and stockpile critical grid components, such as transformers and circuit breakers, to be made available in the event of major failures in the transmission network, E&E reports.

Texas still gets more of its electricity from natgas: ERCOT

Source: 
Platts

Natural gas still has the biggest share in the Electric Reliability Council of Texas generation mix, even though its usage fell in May compared to the previous month, Platts reports.

Eversource plan for plant divestiture with NH PUC

Source: 
Concord Monitor

Eversource Energy filed paperwork Wednesday with the New Hampshire Public Utilities Commission, seeking approval for a plan to sell off its 12 power plants in the state, the Concord Monitor reports.

Rebel attack in Colombia leaves 300,000 in the dark

BOGOTA, Colombia (AP) — Colombian officials are blaming rebels for an attack on the country's energy infrastructure that left hundreds of thousands of people without power.

President Juan Manuel Santos said Thursday that the guerrillas of the Revolutionary Armed Forces of Colombia had blown up an energy pylon and blacked out much of the southern region of Caqueta Wednesday night.

FERC approves plan from PJM for performance pay model

Source: 
The Wall Street Journal

The Federal Energy Regulatory Commission has approved a plan by PJM Interconnection to pay energy companies more to put power on the grid when it is needed most, The Wall Street Journal reports.

Associated Press
Oil

EIA: Cheaper gasoline, higher electric prices over summer

A forecast from the government’s energy statistics agency offers a mixed bag for consumers over the summer: Gasoline prices appeared to have peaked for the year, but electricity costs will likely be considerably higher than in 2014.

On the development front,  natural gas production will continue expand while coal struggles, the new report projects.

In its Short-Term Energy Outlook for June, the Energy Information Administration forecast that after gasoline hit an average price of $2.72 per gallon in May, that prices would decline through the rest of 2015, with an average prices of $2.43 per gallon for the second half of the year.

ERCOT chief to go in 2016

Source: 
Platts

H.B. ‘Trip’ Doggett told a board meeting that he plans to retire as head of the Electric Reliability Council of Texas next year, adding that the grid operator also plans to hike its administrative fee to its client utilities by nearly 10 cents per megawatt-hour, Platts reports.

Moniz urges better valuation for electricity services

Source: 
Platts

Energy Secretary Ernest Moniz told the Edison Electric Institute there needs to be a better valuation for electricity assets and services, including convention generation, distributed generation and the grid, Platts reports.

Nevada regulators won’t let data firm leave NV Energy

Source: 
Las Vegas Sun

The Nevada Public Utilities Commission will reject an application from data company Switch to stop buying power from NV Energy and generate its own, according to a draft decision posted Monday on the PUC website, the Las Vegas Sun reports.

Puerto Rico’s electric company gets more time from creditors

Source: 
The Wall Street Journal

Creditors have granted Puerto Rico’s Electric Power Authority two more weeks before taking any action that might push the utility into default, after it presented them with a restructuring plan, The Wall Street Journal reports.

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