Fortnightly’s Executive Roundtable considers industry options and risks.
Williams Partners received Federal Energy Regulatory Commission (FERC) approval to expand Transco, the nation’s largest natural gas pipeline system, to provide service to a new, gas-fired, power-generation plant in Virginia. The approximately $300 million Transco Virginia Southside Expansion is designed to provide 270,000 dekatherms per day (dth/d) of incremental transportation capacity in Virginia and North Carolina by September 2015.
How state-sponsored planning can fit with FERC’s capacity markets.
Dominion acquired a solar project in Somers, Ct., capable of producing approximately 5 MW of electricity from Kyocera for an undisclosed sum. Kyocera and CleanPath, a San Francisco-based clean-energy company, jointly developed the Somers project, which is expected to begin commercial operation within the 4th quarter of 2013. The Somers Solar Center will use Kyocera Solar’s photovoltaic technology. The electricity will go to Connecticut Light & Power under a 20-year PPA.
The dash to gas brings volatility in shareholder performance.
Fortnightly’s 2013 ranking of shareholder value performance shows substantial changes, with gas prices weighing on some utilities and elevating others.
Better to compete from within than fight from afar.