The new 15-year plan Duke Energy Carolinas filed with regulators calls for delaying one proposed natural gas plant for a year to 2020, scrap plans for another set to come on line in 2022, and sees more of a role for solar energy and demand management plans, but less focus on energy efficiency, the Charlotte Business Journal reports.
Dynegy plans to spend more than $6 billion to buy several coal and gas power generation plants from Duke Energy and Energy Capital Partners.
Shares of the Houston power producer soared Friday before markets opened and after it announced the deals.
The company plans to spend $2.8 billion on Duke's retail business and ownership interest in several plants and $3.45 billion for assets of Energy Capital Partners, or ECP. The deal will add about 12,500 megawatts of coal and gas generation and expand Dynegy's retail business into Ohio, Pennsylvania and Michigan.
New York electricity system operator LIPA says plans for green energy projects – including the possibility of Deepwater Wind sending electricity from wind turbines off Rhode Island over to Long Island via underwater cables – are going ahead despite the PSEG takeover of its operations, Newsday reports.
Duke Energy, anticipating increasing electricity demand in Florida at the same time it is shutting down its nuclear power plant and planning to close coal-fired plants, is looking to add gas-fired generation, but it wants to construct its own plants rather than buy existing ones from Calpine Corp., E&E reports.
The future for Direct Energy, a U.S. arm of British conglomerate Centrica, lies with bundling electricity services together with high tech equipment that helps customers to better control their energy usage, as well as generating their own with rooftop solar, CEO Badar Khan told Bloomberg, adding a prediction that utilities will increasingly face disruption to their traditional business models.
Faced with increasing drought and power plants that use large quantities of water, a Southern Co. subsidiary has teamed with other utilities and national industry research groups to create the Water Research Center in Georgia, a facility seeking to find ways of improving water management, E&E reports.
The Texas transmission business Oncor may be the unit of bankrupt Energy Future Holdings most interesting to potential buyers, but the company wasn’t saying in court Tuesday how much debt is attached to the division that owns most of it, The Wall Street Journal reports.
SAN JUAN, Puerto Rico (AP) — Puerto Rico's financially struggling public power company won a big reprieve Thursday, announcing that creditors agreed to postpone payment of $671 million worth of bank loans until next year.
It was the third time this year that creditors allowed the state-owned Electric Power Authority, known as PREPA, to delay payments amid growing speculation that it might default on its roughly $9 billion debt.
The power company owes a Scotiabank consortium $525 million and Citigroup $146 million and now has until March 31 to make those payments. The banks will continue to collect interest on those amounts.
If the Puerto Rico Electric Power Authority, known as Prepa, can’t negotiate another extension for payments with lenders like Citigroup, it faces having to restructure a much larger amount of debt, some $9 billion worth, The Wall Street Journal reports.
Faced with flat demand, a move away from coal- and nuclear-generated power, the growth of distributed generation and uncertainty about the final form of emissions regulations, utilities are holding off on making major decisions about investments, according to an analysis by research firm Black & Veatch, Platts reports.
Peabody Energy Corp., the largest U.S. coal producer, reported lower sales and revenue in the fourth quarter, cut its dividend and announced a projection for a first quarter loss that was wider than expected, The Wall Street Journal reports.
Having received criticism in the past for failing to stay on top of severe weather response efforts, Gov. Chris Christie, R-N.J., has generated a personal blizzard of tweets about Tuesday's winter storm, National Journal reports.
Oil jumped Tuesday on a weaker dollar despite reports of a continuing build in stockpiles. U.S. benchmark crude gained $1.08 to finish Nymex trading at $46.23 a barrel, while in London Brent soared 3 percent, or $1.44, to $49.60, Reuters reports.
The CEOs of four refiners -– members of the Consumers and Refiners United for Domestic Energy -– have sent a letter to Sen. Lisa Murkowski, R-Alaska and new chair of the Energy and Natural Resources Committee, asking that their views on lifting the crude export ban be heard by the panel, FuelFix reports.
Florida Power & Light’s plans to put in solar systems in three different locations, nearly doubling the state’s solar capacity by adding 225 megawatts of generation, shouldn’t result in higher costs for consumers, the company said, according to the Tampa Bay Times.
Environmental Protection Agency Administrator Gina McCarthy will discuss the Obama administration’s climate action plan with senior officials at the Vatican when she makes a stop there Friday, according to the National Catholic Reporter.
Calling it a new Magna Carta for the Earth, Prince Charles said it’s imperative that a new global climate deal be reached this year, adding that it’s a “last chance” to save the world from an “irreversible situation,” The Guardian reports.
A well site supervisor from Houston -– Race Addington -– will face charges he lied to federal inspectors about tests on a blowout preventer on an offshore platform in November 2012, according to the U.S. Attorney’s Office in New Orleans, The Associated Press reports.