(January 2013) Dominion Virginia Power contracts Alstom for HRSGs at 1,300-MW Brunswick County station; Entergy acquires KGen plants; San Diego Gas & Electric installs new outage management system; ChargePoint enters reseller agreement with Service Solutions; Saft to install battery storage project at High Wind project in Saskatchewan; NRG’s eVgo finalizes plans for California charging network; plus contracts and announcements from ABB, ADT, Elster, Itron, ElectroIndustries, Opower, Panasonic, FirstEnergy, PacifiCorp, and others.
(December2012) KC Electric Association expects soon to finalize installing a Sensus FlexNet network and iCon A electric meters to serve about 4,000 residential and small commercial members across a 5,000-square-mile territory in rural Colorado. Itron and C3 Energy formed an alliance to integrate and jointly market an energy management solution to North American utilities. And others...
Calpine signs PPA with Public Service Company of Oklahoma; TransCanada and Ontario PowerAuthority agree to develop 900-MW gas-fired power plant; Panda selects Siemens to build combined-cycle plant; Progress Energy retires coal plants dating from 1923; Southern Company and Turner acquire 30-MW PV project; PSO begins smart meter pilot rollout; Southern California Edison contracts with Corix to install smart meters; Iberdrola USA hires Burns and McDonnell to review grid infrastructure. Plus contracts and announcements from Itron, eMeter, Echelon, Quanta Services, DNV, Metadigm, Landis+Gyr, and others.
Lacking regulatory oversight, financial hedges turn into risky speculation.
Many utilities engage in hedging to protect customers from price spikes. But unless regulators are involved in crafting and monitoring these programs, they can turn into speculative ventures that put ratepayers at risk — for the benefit of shareholders.