More Power Industry Financial News

Business leaders throw support behind coal plant proposal

05/22/2015

Business leaders on Thursday outlined the economic devastation they say could come if New Mexico regulators fail to approve a plan to shut down part of a decades-old coal-fired power plant to meet a federal mandate.

Montrose hydroelectric facility gets federal grant

05/21/2015

A new hydroelectric facility in Montrose is getting nearly a million dollars as part of a federal project to invest in water conservation and reuse projects in the drought-stricken West.

Report: Triple investment in clean energy to reach $1.2 trillion

05/21/2015

A new report calls for investment in clean energy to be tripled to $1.2 trillion annually through 2030 to give more than one billion people worldwide access to electricity and help prevent global warming.

Maine PUC keeps wind project contract negotiations alive

05/21/2015

Maine utility regulators are moving forward with a plan to enter into a long-term contract with a proposed wind power project in Somerset County.

Electrical cooperative pulls out of Kemper power plant deal

05/21/2015

The entity that procures power for many Mississippi electric cooperatives Wednesday pulled out of a deal to buy 15 percent of the $6.2 billion Kemper County power plant, blowing a hole in Mississippi Power's financing plan for the project.

Hickenlooper rejects GOP call to ignore EPA coal rules

05/20/2015

Gov. John Hickenlooper rejected Senate Majority Leader Mitch McConnell's call for states to defy new federal pollution controls on coal-burning power plants, saying Colorado has a long history of protecting its environment - despite its heavy reliance on coal.

Senate panel also on board with capping NC energy mandates

05/20/2015

There's a contingent in the North Carolina Senate that wants to join House lawmakers and stop expanding requirements for electric companies to generate more power through alternative sources and energy efficiencies.

Duke plans to build natural gas-fired plant in Asheville

05/19/2015

Duke Energy said Tuesday it will build a $750 million natural gas plant to replace its troubled coal-fired Asheville plant as the company turns to cleaner energy to generate electricity.

Oklahoma Senate moves to eliminate wind tax credits

05/19/2015

The Oklahoma Senate gave unanimous approval on Friday to a pair of bills that will end two separate tax subsidies for the wind industry in Oklahoma, including one that costs the state tens of millions of dollars each year.

Board of Arizona utility OKs purchase of power plant share

05/19/2015

Officials with the Salt River Project have approved a $10 million purchase of a share in a coal-fired power plant on the Navajo Nation.

DOE issues analysis of revamped Texas Clean Energy coal gasification project

05/18/2015

The U.S. Department of Energy on May 13 released a final supplemental analysis on the Texas Clean Energy Project (TCEP) of Summit Texas Clean Energy LLC, which covers some major changes to this coal gasification project, including a reduction in planned coal feed and the addition of options to fire the facility with regular natural gas.

Cheryl LaFleur addresses changes at FERC and in wider energy world

05/18/2015

There are plenty of changes taking place both at the Federal Energy Regulatory Commission (FERC) and the wider power and natural gas industry it regulates, FERC Commissioner Cheryl LaFleur told a May 15 gathering sponsored by ICF International in Washington, D.C.

Xcel Energy says more time needed for Clean Power Plan targets

05/18/2015

The U.S. Environmental Protection Agency’s (EPA) proposed Clean Power Plan (CPP) will cause a big shift in the country’s generating resources and will serve as an opportunity for job creation, but more time is needed to meet the plan’s goals, according to panelists at TransmissionHub’s TransForum West in Denver.

NextEra Energy invests $109M on 664 MW of renewable energy

05/18/2015

NextEra Energy Partners completed its previously announced agreement to acquire approximately 664-MW of operating renewable power generation assets from NextEra Energy Resources (NYSE: NEE).

Regulators: More delays possible for Georgia nuclear plant

05/18/2015

Regulators say there's a "high probability" a nuclear plant under construction in Georgia will be delayed even longer than the three years already announced by its owners, according to an analysis obtained by The Associated Press.

05/13 Henry Hub Average Natural Gas Spot Prices

05/14/2015

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

Duke pleads guilty in federal court for coal ash crimes

05/14/2015

Duke Energy pleaded guilty in federal court Thursday to environmental crimes and agreed to pay $102 million in fines and restitution for illegally discharging pollution from coal-ash dumps at five North Carolina power plants.

VIDEO: Executives call for electric markets fix

05/14/2015

An executive panel at an annual nuclear conference said reforms must be made to the electric market in order to recognize the value of baseload power sources such as nuclear and coal.

PPL Montana VP Simonch to retire; Baker to head spinoff business

05/14/2015

Pete Simonich announced his retirement as vice president and Chief Operating Officer of PPL Montana effective June 1.

Feds announce settlement with Honolulu over air violations

05/14/2015

The Department of Justice and the Environmental Protection Agency have announced settlement details with the city and county of Honolulu to resolve air emission problems caused by a closed landfill.