At least five power plant operators have signalled they’ll be bringing plants back on line or boosting their generating capacity following creation of a new capacity zone in southern New York, according to the New York Independent System Operator, Platts reports.
Three projects -- totaling more than 600 megawatts of solar and gas generation -- won approval from members of the Minnesota Public Utilities Commission Monday, who said they preferred to “err on the high side” when it comes to capacity, Platts reports.
Following last year’s natural gas shortages during the polar vortex chill, the Midcontinent Independent System Operator is expanding its communications with natural gas pipelines, so that its operators can get more real-time information about the availability of supply, E&E reports.
PORTLAND, Maine (AP) — Utility giant National Grid is partnering with a company that specializes in underwater cable projects in an alliance seeking to build a 300-mile cable to bring Canadian hydropower and Maine wind power to Greater Boston to help meet the energy needs of power-hungry southern New England, the companies announced Tuesday.
National Grid brings greater clout to the project of the Green Line Infrastructure Alliance, which includes Massachusetts-based Anbaric Transmission. Their Maine Green Line is among several projects across Maine, New Hampshire and Vermont that are being proposed to help lower energy costs while allowing states to meet their green energy goals, officials said.
Although the installation of smart meters is killing off meter-reading jobs, the move to the new technology has yet to demonstrate a major impact on electricity consumption, The New York Times reports.
Despite a negative assessment from an administrative law judge, the Illinois Commerce Commission has approved Commonwealth Edison’s plan to build the Grand Prairie Gateway transmission line, which could bring 1,000 more megawatts of power to the north of the state and grid operator PJM Interconnection when it’s completed in 2017, Platts reports.
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.
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.
Short-covering and the expiration of the front month contract helped power oil prices to a huge gain Friday. West Texas Intermediate crude for January delivery shot up 5 percent, or $2.41, to settle at $56.52 a barrel on the Nymex, while in London February Brent finished $2.11 higher at $61.38, Reuters reports.
Oilfield services company Baker Hughes reported Friday that 1,875 rigs were drilling for oil and gas in the U.S. this week, a drop of 18 and the second week in a row that the number has fallen, FuelFix reports.
Comparing present-day statistics with numbers during the oil bust in the mid-1980s has led JP Morgan Chase economist Michael Feroli to warn that Texas could slip into a regional recession next year, FuelFix reports.
Job losses in the power generation sector over the past three years topped 5,800, according to data released by the Energy Information Administration Friday, which said all parts of the industry were affected other than renewable energy, The Hill reports.
Avenue Capital, the hedge fund run by Marc Lasry that specializes in buying distressed companies’ debt, is raising $750 million for a fund that will focus on the energy sector, according to the Pennsylvania Public School Employees’ Retirement Board, which confirms it has put in $200 million, the New York Post reports.
Tesla is testing the market for battery swaps: Near California supercharging stations where Model S owners can top up their batteries for free, the company is creating a facility where drivers can pay a cost equivalent to a tank of gasoline and get a fully-charged battery installed in three minutes, The Wall Street Journal reports.
The growth of global carbon emissions slowed in 2013 -– although the total of 35.3 billion tons did set a record -- and the rate of increase tailed off despite an uptick in economic activity, says a report from the European Commission’s Emissions Database for Global Atmospheric Research, or EDGAR, according to E&E.
INEOS hopes to get commercial shale gas production under way in Britain before the end of the decade, according to documents the government released Friday, which detailed the company’s presentation to the Department of Energy and Climate Change in February, Platts reports.