More Power Industry Financial News

Public Service Company of Oklahoma seeks rate increase


Public Service Company of Oklahoma is asking for a 13.6 percent rate increase it says is needed to help comply with U.S. Environmental Protection Agency mandates.

GAO looks at reliability impacts of changing power generation mix


The Government Accountability Office (GAO) on June 29 released a study provided a month before to members of Congress that looks at how the mix of energy sources for electricity generation has changed, and the growth in electricity consumption has slowed.

Pence says Indiana will not comply with coal plant regulations


Indiana will not comply with President Barack Obama's plan to battle climate change by requiring reductions in emissions from coal-fired power plants, Republican Gov. Mike Pence said Wednesday.

Regulator rejects Iberdrola plan to buy Connecticut utility


Connecticut regulators have taken a step toward rejecting a plan by Iberdrola, Spain's leading electricity and natural gas utility, from buying UIL Holdings Corp. in a $3 billion deal.

Coal plant operator says Colstrip remains profitable for now


The formation of a new company to run Montana's largest power plant has raised questions among analysts and plant detractors about how long it can keep going, as pollution control costs rise and coal's share of the electricity market crumbles.

Maryland natural gas-fired power plant begins operations


The 120-MW Perryman 6 natural gas-fired power unit in Maryland began commercial operation.

Austria delays filing nuclear plant subsidy complaint


The Austrian government said it would delay filing a legal complaint against subsidies for a new nuclear power plant in the UK.

Westinghouse, European partners to supply nuclear fuel


Westinghouse Electric Co. and eight European consortium partners received 2 million euros ($2.24 million) in funding from the European Union (EU) to create a safe supply of nuclear fuel for Russian-designed reactors in the EU.

SunEdison purchases wind power portfolio from TerraForm Power


SunEdison Inc. (NYSE: SUNE) and TerraForm Power Inc. (Nasdaq: TERP) closed on the acquisition of Atlantic Power’s 521-MW wind power plant portfolio.

European regulators clear Siemens' buyout of Dresser-Rand


European regulators have cleared Siemens' $7.6 billion acquisition of the U.S. oilfield equipment maker Dresser-Rand.

Michigan utilities work to comply with air pollution rule


The U.S. Supreme Court is expected to release a decision this week about new mercury and toxic air emissions standards for power plants, but Michigan's utility companies have already been working toward compliance.

House votes to block Obama's climate plan amid veto threat


Defying a White House veto threat, the Republican-controlled House approved a plan Wednesday to block a key element of President Barack Obama's strategy for fighting climate change.

Empire set to increase utility rates for Missouri customers


The Empire District Electric Company has permission to increase rates by what amounts to about $7 a month for some southwest Missouri residential customers.

Canadian gov’t chooses alliance to run & decommission nuclear labs


The Government of Canada picked an alliance to run Canadian Nuclear Laboratories (CNL), a subsidiary of Atomic Energy of Canada Limited (AECL).

Virginia OKs $2.5M coal ash spill settlement with Duke


Virginia agreed Thursday to a $2.5 million settlement with Duke Energy for a February 2014 spill of coal ash in North Carolina that floated down the Dan River, depositing tons of the toxic stew into the city of Danville's waterfront and beyond.

Alabama Power reaches coal-fired power plant emissions control settlement


The U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice lodged a proposed modification with Alabama Power to further reduce coal-fired power plant emissions.

06/24 Henry Hub Average Natural Gas Spot Prices


The Henry Hub is the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX).

New Mexico coal plant owners settle Clean Air Act violations


The owners of a coal-fired power plant on the Navajo Nation reached a settlement Wednesday with federal agencies over complaints they flouted rules for permits and violated the Clean Air Act, leading to expanded pollution control upgrades that will cost millions of dollars.

CGN signs nuclear decommissioning & cooperation deal


China General Nuclear Power Group (CGN) signed a deal with Sarens Group of Belgium for cooperation on nuclear and renewable energy, and nuclear plant decommissioning. Sarens is a heavy lifting and engineered transport company.

Google building data center at Alabama power plant site


Technology giant Google is planning to build a $600 million data center at a former coal-fired power plant in Alabama, and the facility is expected to create up to 100 new jobs, Gov. Robert Bentley said Wednesday.