Will the Feds weigh in on the great Buckeye brawl?
A tough legal and financial terrain is confronting producers, utilities and regulators.
Part 1: How markets today are out of sync.
FuelCell Energy closed its definitive agreement to sell a 1.4-MW fuel cell power plant project to NRG Energy; FPL proposes to purchase CBAS Power for a price of $520.5 million; Renewable Energy Trust secured CAD $115MM in financing to acquire the 12.6 MW DiscoveryLight and 14.2 MW FotoLight projects from Canadian Solar; b secured $86.2MM in financing to acquire the 31.26 MW DC McHenry Solar PV Plant in Modesto, Calif. and the 13.1 MW DC Heber Solar PV project in Imperial County, Calif.; Peabody Energy completed its offering of $1.0 billion aggregate principal amount of 10% senior secured second lien notes due 2022; AES intends to offer $575 million aggregate principal amount of senior notes due 2025; And others ...
Today’s technologies are causing utilities to rethink their business models.
Pacific Gas and Electric and automaker BMW are teaming up to test the ability of EV batteries to provide services to the electric grid; MidAmerican Energy completed work on four of five wind farms across Iowa that make up its Wind VIII project; GE received an order from the Tennessee Valley Authority to supply two high-efficiency 7HA.02 gas turbine generators for the new combined-cycle Allen plant; Appalachian Power plans to rebuild the existing South Bluefield-Wythe 69-kV transmission line; Bechtel partnered with Westinghouse Electric to provide decontamination and decommissioning services for nuclear power plants throughout the U.S.; SunEdison and Omnigrid Micropower signed a framework agreement to develop 5,000 rural projects, representing 250 MW of electricity, throughout India; The Tennessee Valley Authority and DuPont partnered to generate power and steam at TVA's Johnsonville site in Tennessee; and others.
Its future rests with new technologies – not outdated PR.
Europe’s largest battery-storage project was officially opened in England; CODA Energy announced operation of the largest behind the meter lithium-ion energy storage system in the Los Angeles basin; FERC approved construction of Constitution Pipeline’s natural gas pipeline to New York and New England markets; FERC approved a facilities construction agreement for Minnesota Power’s Great Northern Transmission Line; General Electric received an order from the Tennessee Valley Authority for two high-efficiency 7HA.02 gas-fired turbine generators; A Renewable Energy Southern Company subsidiary plans to develop a 131- MW PV solar project in Georgia; GE Global Research and others partnered on a research project to improve reliability and resiliency of electricity delivery in northern New York; Duke Energy Renewables acquired the Halifax Solar Power Project from Geenex and ET Solar Energy; Dominion Resources agreed to purchase Carolina Gas Transmission from SCANA Corp.; and others...