Duke Energy bought a 7.5-percent ownership stake in the proposed and previously announced $3-billion Sabal Trail natural gas pipeline that will traverse Alabama, Georgia and Florida to meet the growing need for natural gas in those states. Duke Energy's commercial power business unit will invest approximately $225 million in the approximately 500-mile underground pipeline - from Tallapoosa County, Ala., to Osceola County, Fla. - during the next seven years. The pipeline, scheduled to begin service in 2017, requires federal and other regulatory approvals.
Exelon Generation named Michael J. Pacilio executive v.p. and COO; FirstEnergy made a series of leadership changes involving David J. Karafa, Steven E. Strah, Linda L. Moss, Richard S. Sweeney and Edward L. Shuttleworth; CenterPoint Energy appointed William D. Rogers, executive v.p. of finance and accounting; leadership changes at Black Hills Corporation, Consumers Energy and Duke Energy; California Public Utilities Commission (CPUC) named Timothy Sullivan as interim executive director; and others; and others.
Dominion promotes seven to v.p.; DTE Energy Foundation names Faye Alexander Nelson president; Michael Picker becomes CPUC commissioner; plus executive appointments and announcements from PPL, Ameren, Duke, GridWise Alliance, and others.
Regulators weigh interest rate climate and future Fed policy in setting allowed return on equity.
Opelika Power Services (OPS) selected the Tantalus Homerun Network as the technology platform for a fiber-based smart grid solution which will be coupled with the utility’s triple-play media services.