Duke Energy Progress agreed to purchase $1.2 billion of certain generating assets from North Carolina Eastern Municipal Power Agency; Acquisitions by PSEG Solar Source and SunEdison; Exelon will provide equity financing for 21 MW of Bloom Energy fuel cell projects; Debt issues from Calpine and NRG Yield Operating.
Dynegy plans to buy Duke Energy’s non-regulated Midwest Commercial Generation Business for $2.8 billion in cash, which includes ownership interests in 11 power plants and Duke Energy Retail Sales, the company's retail business in Ohio. The completion of the transaction is conditioned on approval from FERC, the expiration of the waiting period under the Hart-Scott Rodino Act, and the release of certain credit support obligations. Closing is expected to occur in three to six months.
Six U.S. nuclear utilities have established a technical advisory board for the deployment of GAIA, AREVA’s next generation pressurized water reactor fuel assembly design. These six utilities – including Dominion, Duke Energy, Exelon and PSEG – share a common interest in ensuring the technical advancement and demonstration of this fuel for the U.S.
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.
How DG and microgrids change the game for utilities.
Energy microgrids have emerged as more than just a curiosity. The technology is improving, costs are falling, and developers are lining up to build projects. How will microgrids overcome the substantial challenges that stand in their way?
Constellation completes 16.1 MW PV project in Maryland; Ikea commissions 31st solar project, reaching 38 MW installed; IPL and MidAmerican install $545 million scrubber in Iowa; DTE partners with Enbridge and Spectra on pipeline for Utica shale gas; plus contracts and announcements from Dominion, Sempra, Southern Company, AEP, EPRI, Itron, Landis+Gyr, Opower and others.
Utilities sound the alarm as PV nears grid parity.
A growing wave of rooftop PV projects is starting to look ominous to some utilities. Will lawmakers accept utilities’ warnings at face value—or will they suspect they’re crying wolf?