Finance

ISO New England approves Northern Pass transmission project; Southern California Edison selects Quanta PAR to build Tehachapi transmission line segments; Pennsylvania PUC approves PPL $335 million grid project; Southern Company completes smart grid investments; U.S. Army Reserve contracts ConEdison Solutions for efficiency and maintenance support services; plus announcements and contracts involving Honeywell, Stor Generation, Salt River Project, Landis+Gyr, Abengoa, Constellation, and others.

ABB commissions microgrid on Portuguese island; Panda orders Siemens generating units for 829-MW plant; Burlington Electric Department enters 54-MW PPA with First Wind; Tantalus and Itron contract for smart metering and smart grid system in Washington; EdF orders 220 MW of wind turbines from Vestas; MidAmerican orders 1,050 MW of wind turbines from Siemens; plus contracts and announcements from GE, PSEG, Arizona Public Service, Dominion, Entergy, Xcel, PSE&G, and others.

With the Environmental Protection Agency’s proposed greenhouse gas (GHG) emissions standards expected in June 2014, many states are considering their own approaches to provide flexibility in meeting compliance requirements. Experience in North America to date provides policy guidance.

Automatic tracker surcharges provide timely cost recovery for multi-year utility system improvement programs.

Danish utility orders 582 MW of Siemens offshore wind turbines; Maui Electric contracts Greenlots and ABB for electric vehicle fast-charging system; U.S. Army Corps of Engineers contracts Eaton for alternative energy and conservation projects at army facilities; Southern Company and Turner Renewable Energy acquire SunEdison project in California; FERC approves Columbia Gas and Williams Partners pipeline expansion projects; plus contracts and announcements from Entergy, ITC Holdings, California ISO, PG&E, MidAmerican Transmission, Citizens Energy, CPS Energy, and others.

Siemens and Accenture joint venture on smart grid management systems; CenterPoint picks Itron for RF meter rollout; Memphis picks Elster electric, gas, and water AMI system; TransAlta acquires Wyoming wind farm from NextEra; NRG acquires Edison Mission Energy assets; Google to invest in Imperial Valley solar project; Sempra acquires Nebraska wind project; plus contracts and announcements from Babcock & Wilcox, Echelon, PJM, California ISO, and others.

Duke Energy Renewables begins construction on 5-MW solar project in North Carolina; Duke and Integrys partner with Canadian Solar and Community Energy Solar on 3-MW PV project; First Wind contracts for 333 MW in Massachusetts; EDF Renewable Energy buys into 20-MW anaerobic digester plant; AEP to retire Tanners Creek 4 coal plant; Opelika Power Services selects Tantalus for fiber-based triple-play system; ABB wins substation contract in Brazil and commissions offshore wind transmission link in Europe; Arista Power to develop microgrid system for U.S. Army facility; plus announcements and contracts from Standard Solar, ComEd, British Gas, Tenaska, and others.

ABB energizes 500 MW HVDC line; MISO installs synchrophasors; Xcel plans transmission upgrades in Texas Panhandle; Panda orders power blocks from Siemens for Pennsylvania project; EdF starts operations at 110 MW solar project in Mojave Desert; plus contracts and announcements from Sensus, DTE, Calpine, PSNM, First Solar, NRG, and others.

In a January 2013 report, EEI said fast-growing distributed energy could undermine the utility business model. Wall Street is paying attention.