CenterPoint Energy floats registered public offering of 22 million common shares; ConEd issues $700 million in senior unsecured debt in two tranches; 10-years notes; Duke Energy raises $45 million by leveraging ownership in the 14-MW Blue Wing Solar Project in Texas.
Alstom introduces a new 3-MW wind turbine, one of the world’s most powerful for onshore installations; Solyndra reports its larges-ever rooftop installation of cylindrical photovoltaic (PV) systems — a 704-kW project in New Jersey; Plug Power reports that its GenDrive fuel cell units will power Walmart Canada’s fleet of electric lift trucks at a Alberta distribution center.
Transmission cost allocation, the worth of the grid, and the limits of ratemaking.
A look at the issues that the Federal Energy Regulatory Commission must address concerning allocation of costs for certain high-voltage transmission lines 500kV or greater, planned for the PJM region, in the “paper hearing” on remand from the 7th Circuit federal court decision that rejected a socialized, region-wide sharing of costs among all utilities and customers across the RTO footprint.
Will shifting winds bring consolidation?
A spate of newly announced deals, including Allegheny Energy’s proposed $9.27 billion acquisition of FirstEnergy, plus PPL’s takeover of E.ON US for $6.73 billion, has left the utility industry cautiously optimistic for a revival of M&A activity.
Setting the stage for conservation.
America’s electric utilities understand their central role in taking efficiency and conservation to the next level. Accordingly, the industry has nearly doubled its spending on efficiency measures in the past few years. But encouraging customers to save energy won’t be enough to keep pace with the electricity demands of a growing digital economy. The country’s efficiency efforts will be most effective as part of a clean energy portfolio strategy.
Industry giants start the EV revolution.
Reports of the electric car’s death are greatly exaggerated. Technology, economics and politics are driving a new start for electric vehicles; already dozens of EV models are heading for U.S. showrooms. Electricity won’t replace gasoline overnight, but utilities are planning today for tomorrow’s transportation load.
Has the one-day-in-10-years criterion outlived its usefulness?
The one-day-in-10-years criterion might have lost its usefulness in today’s energy markets. The criterion is highly conservative when used in calculating reserve margins for reliability. Can the industry continue justifying the high cost of overbuilding?
Rewards, challenges and options for rate-based investments.
Utilities traditionally have met renewable portfolio standards with power purchases from IPPs. But new approaches are allowing utilities to build their rate bases with investments in solar generation.