The sale to New York-based ConEd is part of Sempra’s multi-phase strategic review, which includes eventually include selling all of the company’s non-utility wind and some midstream natural gas assets in the U.S.
The Mountain Valley Pipeline got two thumbs up to continue from the Federal Energy Regulatory Commission and the U.S. Fourth Circuit Court of Appeals after delays over the route through the mountains of West Virginia to Virginia. The 300-mile pipeline is partially owned by divisions of NextEra Energy and Consolidated Edison.
The line of business serves about 41 tWh of electricity load, according to the release. The deal is expected to close in the fourth quarter.
SCE incorporated a dramatic increase of carbon-free electrical generation from 40 percent today to 80 percent by 2030.
The power sector is on the cusp of unprecedented transformation, which is being driven by technological forces outside the power sector. It's not surprising, considering the convergence of digital solutions, power plant technologies and technical advancements in automation.
The settlement details the “commercially reasonable” steps SCE will take to move used nuclear fuel offsite.
U.S. energy policy is full of irony and contradictions. It's the unfortunate byproduct of evolving markets, diverse attitudes and a mishmash of regulatory agencies with contrasting priorities.
The recommendation could include wind and solar projects under development as well as finished facilities operated by NRG Yield.
The LM6000 Hybrid Electric Gas Turbine system combines a 10 MW battery energy storage system providing power with a 50 MW LM6000 aeroderivative gas turbine.
Tom Kuhn, president of the Edison Electric Institute, praised Perry’s confirmation.