Regulatory and environmental challenges for power plant conversions under the EPA’s Clean Power Plan.
A more dynamic approach to grid modernization.
ALLETE Clean Energy (ALLETE) finalized the purchase of wind farms in Minnesota, Iowa and Oregon from AES. ALLETE acquired the operating wind energy projects for $27 million and all three wind farms - with a total output of 231 MW - have PPAs in place for their entire electric output. ALLETE also signed in November an option agreement to acquire a fourth wind farm from AES in mid-2015. Pursuant to that option agreement, ALLETE will have an option to acquire the 101MW Armenia Mountain, Penn., wind farm.
Time-tested cost recovery mechanisms provide stable funding for infrastructure replacement.
Siemens Energy received an order from Panda Power Funds to supply two power plant units fitted with H-class gas turbines for the Patriot combined-cycle power plant (CCPP) in Clinton Township, Pennsylvania.
KEMA-Powertest added a new test cell, number 9, at its High Voltage & High Power Test laboratory in Chalfont, Pennsylvania. Once completed, the new high power test cell will be the largest test cell in size & volume (34 ' x30 ' x26 ' H) and will provide a safer environment to test and certify the latest Power Utility equipment coming into the marketplace.
ALLETE Clean Energy signed an acquisition agreement to purchase wind farms in Minnesota, Iowa and Oregon from The AES Corporation in early 2014 and has also signed an option agreement to acquire a fourth wind energy facility in Pennsylvania in mid-2015. Under the acquisition agreement, ALLETE Clean Energy would acquire AES’ position in operating wind energy projects in Lake Benton, Minn., Storm Lake, Ia., and Condon, Ore. with a total output of 231 MW for $27 million. All three wind farms to be acquired have PPAs in place for their entire electric output.
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.
Siemens received an order from the U.S. for the delivery of two power plant blocks for the Liberty combined cycle power plant in Pennsylvania. Siemens will deliver two H-class gas turbines, two steam turbines, two generators, two heat recovery steam generators as well as the electrical equipment and the control system. The EPC contractor is Gemma Power Systems. The customer is an affiliate of Panda Power Funds. The order includes a long-term service agreement and has a total value for Siemens of approximately $400 million.