Utilities

Duke Carolinas plan: Delay a proposed plant, scrap another, focus more on solar

Source: 
Charlotte Business Journal

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 to spend $6.25B on power plant acquisitions

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.

Long Island power system backing green energy plans

Source: 
Newsday

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, Calpine battle in Florida over gas-fired plants

Source: 
E&E

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.

Direct Energy envisions marriage of power and tech

Source: 
Bloomberg

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.

Georgia facility looking to better power plants’ water use

Source: 
E&E

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.

Energy Future dodges questions about debt for division with big Oncor stake

Source: 
The Wall Street Journal

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.

Loan payment delayed for Puerto Rico power company

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.

Thursday debt deadline looms for power authority in Puerto Rico

Source: 
The Wall Street Journal

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.

Utilities cautious in face of uncertain future: Report

Source: 
Platts

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.

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