Calpine plans to purchase a nominal 809-MW, combined-cycle power plant and related plant inventory from Exelon for $530 million, subject to working capital adjustments. The natural gas-fired plant is located in North Weymouth, Massachusetts, 12 miles southeast of Boston. Built in 2003, Fore River Generating Station features two Mitsubishi 501G combustion turbines, two heat recovery steam generators and one Mitsubishi steam turbine. Calpine expects the transaction to close in the fourth quarter of 2014 and intends to fund the transaction with cash on hand.
Recent trends in distribution line undergrounding.
Solar for Everyone, including Utilities
What FERC might learn from Thomas Piketty and his best-selling book on wealth and income.
A new front opens in the solar wars.
The Sacramento Municipal Utility District obtained a 50-year renewal to operate its hydroelectric projects on the upper American River. The utility operates 11 reservoirs and eight powerhouses in the upper American, which generate 688 MW of electricity, representing about 15 percent of SMUD’s annual power. Part of the new license from FERC calls for SMUD to make some changes. The utility will make several recreational upgrades to reservoirs and it will increase the volume of water it releases into streams.
FERC and CFTC begin sharing information to target market manipulation in the energy industry.
The California Independent System Operator (ISO) and PacifiCorp announced that tariff amendments to expand the ISO's real-time energy scheduling market across multiple states in the West was approved by the Federal Energy Regulatory Commission (FERC). The new market, known as the energy imbalance market (EIM), is expected to increase resource efficiency, reduce costs and more effectively use renewable and conventional resources.
Terra-Gen Power (Terra-Gen), an affiliate of ArcLight Capital Partners and Global Infrastructure Partners, signed a purchase and sale agreement with NRG Yield for the sale of its 947-MW Alta Wind I-V, X & XI, and Realty projects (Alta Wind). Terra-Gen expects to close the transaction in the third quarter of 2014, pending customary closing conditions, including the receipt of regulatory approval by FERC and the U.S. Department of Justice and the Federal Trade Commission.