Solution in Search of a Problem
Securitization fails the test for financing environmental capex.
Utilities seeking financing for environmental upgrades should look to the markets for debt and equity, rather than trying to securitize those costs.
Securitization fails the test for financing environmental capex.
Utilities seeking financing for environmental upgrades should look to the markets for debt and equity, rather than trying to securitize those costs.
The Deutsche Bank case and the meaning of ‘price manipulation.’
A few months back, the Federal Energy Regulatory Commission directed Deutsche Bank Energy Trading LLC to show cause why it shouldn’t be assessed a civil penalty of $1.5 million and be made to return some $123,000 in allegedly unjust profits from power trading in markets run by the California ISO.
Five forces are putting the squeeze on electricity consumption.
It’s tempting to attribute the recent slowdown in electricity demand growth entirely to the Great Recession, but consumption growth rates have been declining for at least 50 years. The new normal rate of demand growth likely will be about half of its historic value, with demand rising by less than 1 percent per year. This market plateau calls for a new utility strategy.
Virginia brings a new coal-fired plant online.
Reports of coal’s demise are exaggerated. This summer, Dominion cleared the regulatory gauntlet to start up a new coal plant. Whether the example can be replicated might hinge on state incentives—and the forward price of natural gas.
Mastering multi-channel communications for customer service success.
Utilities across the country are experimenting with various new ways to communicate with customers—from Twitter feeds to text alerts. But few utilities have figured out how to integrate new media channels into a coherent customer engagement approach. A multi-tiered strategy will best serve the needs of customers—and the utility.
MATS compliance now, with flexibility for the future.
Conflicting demands for complying with EPA’s MATS rule favor a single control technology to deal with multiple types of power plant emissions.
(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...
Alstom will provide three heat recovery steam generators (HRSG) for Dominion Virginia Power’s new 1,300-MW Brunswick County power station. Alstom says the units will be the largest HRSGs it has supplied for the North America market. Each unit will be coupled with a Mitsubishi MHI501G gas turbine. Alstom contracted to Fluor to lead project engineering, procurement, construction, and commissioning. Construction is expected to begin after Dominion receives approval from the Virginia State Corporation Commission.
Lincoln Renewable Energy (LRE) signed 20-year power sales agreements with Southern California Edison (SCE) to deliver electricity from the Marathon (25 MW DC) and Agincourt (12.5 MW DC) solar power plants that LRE is developing in San Bernardino County, Calif., with WDG Capital Partners. Construction is expected to begin in 2013.
Juhl Wind and 8030 Companies formed a joint venture to acquire existing wind farms and additional generating assets in the United States and Canada. Operating under the Juhl Wind name, the partnership expects to buy 260 MW of older wind farms over three years. The company might purchase projectstotaling 60 MW of capacity in 2013 and 100 MW in two subsequent years.