Utilities

Competition to acquire Duke energy plants in Midwest includes Dynegy

Source: 
The Wall Street Journal

Dynegy Inc. only came out of bankruptcy protection two years ago, but the company is looking to acquire 11 power plants Duke Energy is selling in the Midwest, and is competing against some private equity firms in the process, The Wall Street Journal reports.

NJ takes legal action against some 3rd party energy suppliers

Source: 
KYW

Three third party energy suppliers in New Jersey are being sued by the state’s consumer affairs division and the Board of Public Utilities for fraudulently attracting customers with promises of lower utility bills only to slam them with higher ones, KYW reports.

Power plant plan further clouds coal's future

PRESTONSBURG, Ky. (AP) — President Barack Obama's ambitious plan to reduce the gases blamed for global warming from the nation's power plants gives many coal-dependent states more lenient restrictions and won't necessarily be the primary reason coal-fired power plants will be retired.

If Kentucky, for example, meets the new limits that the Obama administration proposed Monday, it would be allowed to release more heat-trapping carbon dioxide per unit of power in 2030 than plants in 34 states do now.

That's because the Environmental Protection Agency would only require Kentucky, which relies on coal for about 90 percent of its electricity needs, to improve its carbon dioxide emissions rate by 18 percent over the next 15 years. By 2030, Kentucky would be second only to North Dakota for having the most carbon-intensive power plants in the country.

Power industry competition to range from startups to tech giants

Source: 
Bloomberg

As the old model of the regulated utility industry unravels, players in the new-age power sector will range from tech-savvy startups to tech giants like Google, analysts and venture capitalists tell Bloomberg.

CEO Rosenblum of Hawaiian Electric to retire

HONOLULU (AP) — Hawaiian Electric Company's CEO Richard Rosenblum says he will retire from the company within a year.

Rosenblum said Tuesday that he came out of retirement in 2008 to lead the company though its clean energy initiatives. He says the company's customers are getting more than 18 percent of their energy through renewable energy, compared with 8 percent in 2008.

Rosenblum says he shared his retirement plans to allow ample time for a smooth transition. He says he is committed to completing the development of plans for the next phase of clean energy transformation.

Judge rejects requests to move Energy Future bankruptcy case to Dallas

Source: 
The Wall Street Journal

Judge Christopher Sontchi has sided with Energy Future Holdings Corp. in ruling to keep the company’s Chapter 11 bankruptcy case in Delaware despite requests from some creditors to move it to Texas, The Wall Street Journal reports.

Xcel says Texas-Oklahoma power line completed

AMARILLO, Texas (AP) — Crews have completed a transmission line between the Texas Panhandle and Oklahoma as the first of two 345-kilovolt projects relying on expanded wind-generated power.

Xcel Energy officials on Thursday announced the 130-mile line between Hitchland, Texas, and Woodward, Oklahoma, is part of a $64 million partnership with Oklahoma Gas and Electric Company.

TXU: Customers unaffected by Energy Future bankruptcy, despite notices

Source: 
Forth Worth Star-Telegram

Customers of TXU Energy will see their service continue as normal, the company says, even though more than a million of them received a notice that was linked to the bankruptcy proceedings of the firm’s parent company Energy Future Holdings, the Fort Worth Star-Telegram reports.

NC regulator OK to exclude watchdog from Duke merger probe: Court

Source: 
Charlotte Business Journal

A state appeals court has ruled that North Carolina regulators were within their rights to exclude watchdog group NC WARN from a hearing examining whether the group was lied to about what would happen when Duke Energy bought Progress Energy two years ago, the Charlotte Business Journal reports.

Southern CEO talks ‘organized’ markets, Kemper gasification

Source: 
E&E

Tom Fanning, CEO of Southern Co., the utility with old fashioned vertical integration, talked about his market strategies, the new nuclear reactor his firm is planning to build in Georgia and its Kemper project, which will burn coal with reduced carbon emissions, in an extensive interview with E&E.

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