A response to the ‘Following FERC’ column by Bruce Radford in our April 2016 issue.
State PUCs take aim at unscrupulous electric and gas suppliers.
Many states allow private opt-outs, but Florida bucks the trend.
Gemma Power Systems (GPS) received interim notice to proceed (INTP) on activities under an EPC contract with NTE Ohio, to construct the Middleton Energy Center, a 475-MW natural gas-fired power plant in Middletown, OH. The project features a Mitsubishi Hitachi Power Systems Americas (MHPSA) M501GAC combustion turbine generator, a Vogt Power International supplementary-fired heat recovery steam generator and a Toshiba America Energy Systems steam turbine generator.
Duke Energy, LG Chem and Greensmith teamed up to build a battery-based energy storage system in Ohio, designed to enhance reliability and increase stability on the electric power grid. The new 2-MW storage project will assist in regulating electric grid frequency for PJM, the transmission organization that powers much of the eastern U.S. The system will be built at Duke Energy's retired W.C. Beckjord coal-fired power plant in New Richmond, Ohio, and is expected to be operational by late 2015.
Duke Energy completed the sale of its non-regulated Midwest Commercial Generation Business to Dynegy for $2.8 billion in cash. The transaction includes ownership interests in 11 power plants and Duke Energy Retail Sales, the company's retail business in Ohio. The non-regulated Midwest generation business sold to Dynegy includes 11 merchant power plants in Ohio, Illinois and Pennsylvania with a capacity of approximately 6,100 MW. The company began the process to exit its non-regulated Midwest Commercial Generation Business in February 2014.
A survey sample of regulators on their dealings with peers, colleagues, staffers, and stakeholders.
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.