Utilities

Tony Boon

NARUC regulators hopeful EPA will offer more flexibility with carbon regs

State utility regulators are departing their annual winter meeting in Washington with increased confidence that the Environmental Protection Agency will provide further flexibility as it imposes new regulations to slash carbon emissions at power plants.

Delaware compromise sees another Exelon-Pepco hurdle overcome

Source: 
The News Journal

Customers in Delaware would get $49 million in credits on their bills under a compromise hammered out between Delaware regulators, Exelon and Pepco subsidiary Delmarva power regarding the proposed Exelon-Pepco merger, The News Journal reports.

Oil

Stocks close at a record high as energy sector recovers

NEW YORK (AP) — A slight gain was enough to push the stock market to a record high Friday.

Stocks climbed as a rebound in oil prices pushed energy stocks higher. A report showing faster-than-forecast growth in Europe at the end of last year also boosted investor sentiment.

Obama focuses on cybersecurity in heart of Silicon Valley

PALO ALTO, Calif. (AP) — President Barack Obama is asking Silicon Valley's tech elite to partner with federal authorities to thwart mounting cyber attacks while promising to make it easier for hacked companies to share information about breaches and protect citizen privacy.

"Grappling with how government protects the American people from adverse events while at the same time making sure that government itself is not abusing its capabilities is hard," Obama said Friday during a visit to Stanford University. "The cyber world is sort of the wild, wild West, and to some degree we're asked to be the sheriff."

Energy Future to try to quell restive creditors with fresh plan

Source: 
The Wall Street Journal

Creditors are getting frustrated at the long wait for a plan to move Energy Future Holdings Corp. out of bankruptcy, but the company is hoping to do enough to appease them with a plan to be made public this week about how to handle its debt load of $42 billion, The Wall Street Journal reports.

Research firm says NE utilities burning more oil than reported

Source: 
Platts

ISO New England is counting oil burned at dual-fuel power plants as natural gas, which is why utilities in the region have used more winter oil reserves than the grid operator has reported, according to Morningstar Commodity Research, Platts reports.

TVA plans $500M in cost cutting

Source: 
Platts

The Obama administration is no longer threatening to sell off the Tennessee Valley Authority, and the power producer remains fiscally healthy, CFO John Thomas said Tuesday, noting that the TVA plans to cut $500 million from its operating and maintenance costs in its 2016 budget, Platts reports.

Utilities still grappling with efficiency challenge

Source: 
The Wall Street Journal

Discussion is continuing into what trade group the Edison Electric Institute calls a “death spiral,” shrinking demand for electricity as customers use less of it, which undermines utilities’ ability to pay to maintain the grid and critical infrastructure, The Wall Street Journal reports.

Builder projects 18-month delay for nuclear plant in Georgia

ATLANTA (AP) — Southern Co. said the firms building its new nuclear power plant in Georgia estimate the project will be delayed 18 months, potentially costing the power company $720 million in new charges, company officials said Thursday.

The latest delay at Plant Vogtle is another setback for a project that was supposed to prove nuclear reactors could be built on time and without the cost overruns that financially strained utilities decades ago. Power companies are already shuttering existing nuclear plants because natural gas is so cheap by comparison.

SoCal Edison lab focuses on future technology

Source: 
Reuters

A laboratory complex set up by Southern California Edison in 2009 to keep the utility at the forefront of new developments in grid and energy technology gets results that gives the firm’s Advanced Technology Division an impact beyond its $19 million annual budget, Reuters reports.

Pages

Subscribe to Utilities