More Power Industry Financial News

EIA: Coal-fired generation alive and well in the coming decade


Coal-fired power generation from existing plants will increase through 2025, this according to the Annual Energy Outlook 2015 (AEO2015) report published by the U.S. Energy Information Administration (EIA) this week.

Report: Nuke dump radiation leak could have been prevented


A radiation leak that forced the indefinite closure of the federal government's only underground nuclear waste repository could have been prevented, a team of investigators said Thursday.

Areva’s nuclear reactor vessel flaws may be “costly”


The French nuclear regulator says anomalies found in Areva’s nuclear reactor technology are “very serious” and may be costly to fix.

Duke Energy gets approval for solar farm at Camp Lejeune


Duke Energy Corp. (NYSE: DUK) is going to build a solar power farm on the East Coast's largest Marine Corps base as the Navy and Marines try to turn away from petroleum power.

ALLETE Clean Energy buys 2 wind farms for $47 million


DULUTH, Minn. (AP) - ALLETE Clean Energy is buying a wind generation facility near in southwestern Minnesota for $47.5 million.

New Mexico AG opposes proposed solar fee


The state attorney general's office has come out against a proposal by New Mexico's largest electric utility to charge customers with new solar power systems a monthly fee to connect to the grid.

04/15 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).

NEI: FPL’s nuclear plants generate $1.4bn for state’s economy


A Nuclear Energy Institute (NEI) report said Florida Power & Light’s (FPL) nuclear power plants bring in more than $1.4 billion annually to the state’s economy.

GE to supply energy storage system to ConEd


GE (NYSE: GE) said it will supply Con Edison Development with an 8 MWh battery energy storage system in California.

Canada, India sign uranium supply deal


Canada will supply uranium to India under a new agreement.

Climate change plan faces high-profile legal test


The centerpiece of the Obama administration's effort to tackle climate change is facing a high-profile legal test as a federal appeals court considers a plan that has triggered furious opposition from Republicans, industry figures and coal-reliant states.

AWEA: U.S. adds 23K jobs in 2014; sets wind project construction record


The U.S. wind industry added 23,000 jobs in 2014 and set a record for wind capacity under construction in 2015, according to an AWEA report.

Nuclear power plant in Poland faces two-year delay


Poland-owned utility PGE said plans to build a nuclear power plant would be delayed by about two years.

Nigeria & Russia in nuclear plant development talks


The Nigerian government is in talks with Russia’s Rosatom to build up to four nuclear power plants for $20 billion in Africa.

GE adds on to orders of natural gas-fired turbine


GE (NYSE: GE) announced more orders for the company’s HA gas turbines.

Turkey begins work on nuclear power plant


Turkey began work on a new 1,200-MW nuclear reactor in Akkuyu.

EU reopens investigation into Siemens, Dresser-Rand merger


European Union regulators resumed their investigation of a $7.6 billion merger where Siemens’ (NYSE: SI) would acquire Dresser-Rand Group (NYSE: DRC).

Week opens with continued low natural gas prices


Henry Hub natural gas prices continue to be unusually low, according to the latest price data from the Energy Information Administration (EIA).

Susquehanna nuclear Unit 2 shut down for scheduled outage


Unit 2 at the Susquehanna nuclear power plant was disconnected from the grid to begin a scheduled refueling and maintenance outage.

Report: Energy storage technology revenue to exceed $21B by 2024


Global revenue from energy storage technologies is expected to grow from $605 million annually in 2015 to more than $21 billion by 2024, according to a new report from Navigant Research.