California-based independent energy producer Calpine has filed for Chapter 11 bankruptcy.
The PIC Companies have formed a joint venture with Marubeni Corporation of Japan for the operation and maintenance of power generation facilities worldwide. PIC will maintain majority equity and management control of PIC-Marubeni Energy Group, which will combine PIC’s existing O&M business with Marubeni’s global development and operational expertise.
Peabody Energy and ArcLight Capital Partners have agreed to advance project development of a commercial-scale coal gasification project in Illinois that would transform coal into pipeline quality synthetic natural gas. The initial project would be designed with ConocoPhillips’ E-Gas technology and would be one of the largest coal-to-natural-gas plants in the United States.
Dominion plans to spend about $500 million to install additional emissions controls on coal-fired power stations in Virginia to reduce sulfur dioxide, nitrogen oxide and mercury emissions to meet emissions reductions required by the Clean Air Interstate and Mercury rules. The equipment will be installed between 2008 and 2015.
TECO Energy (Tampa Electric) has indicated it would consider partnering with Progress Energy to build a new nuclear power plant in Florida.
The McIlvaine Company’s online publication World FGD Markets, reports that the flue gas desulfurization market will reach nearly $8 billion in 2006. McIlvaine says next year’s market will be more than 40 percent larger than the 2005 market and nearly 400 percent of the 2002 market. However, in 2007 the market will be 50 percent of the 2006 level.