The deal allows for greater natural gas capacity without construction of a new pipeline. Con Edison also is continuing its $223 million Smart Solutions program for customer who want alternatives to natural gas.
Short-term, some new rulemaking announced by President Trump may help the region deal with a lack of natural gas pipeline access. Long term, the independent system operator may develop some new market incentives.
The $590 million deal selling the plants to Revere Power LLC closed successfully. The sale of Bridgeport Energy, Tiverton Power and Rumford Power was announced in November 2018.
McCallum began serving on the POWERGEN International advisory committee in 2018 and chaired one session during the December conference in Orlando.
The Generation Retirement Scenario report released by the North American Electric Reliability Corp. (NERC) concluded that the pace of retirements mainly revolves around large baseload, solid fuel plants. An Institute for Energy Economics and Analysis report earlier this month estimated that the U.S. will retire more than 15 GW of coal-fired capacity this year and more than 36 GW by 2024.
Osaka Gas USA previously bought stakes in CPV’s St. Charles Energy Center in Maryland, Woodbridge Energy Center in New Jersey and Fairview Energy Center in Pennsylvania.
Bridgeport Energy, Tiverton Power and Rumford Power together have the capacity to generate approximately 1,100 MW.
Once fully operational, the Atlantic Sunrise expansion could add 1.7 million dekatherms of pipeline capacity to the Transco system and can provide enough energy for more than seven million homes.
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 resiliency of the North American grid is at a high level and continues to rise despite several historic weather challenges and fuel-security fears from the Trump Administration, according to a key industry nonprofit oversight group.