From Power Magazine The Minnesota Public Utilities Commission (MPUC) voted unanimously to support Xcel Energy’s latest long-range plan, which will transform the company’s energy fleet. Xcel expects to more than double its renewable energy portfolio as a result, delivering greater than 60% carbon-free energy to its Upper Midwest (Michigan, Minnesota, North Dakota, South Dakota, and Wisconsin) customers by 2030. The
Talen-Riverstone merger is awaiting NRC approval The Federal Energy Regulatory Commission (FERC) issued an order approving the proposed merger of Talen Energy Corporation (ticker: TLN) with an affiliate of Riverstone Holdings LLC, a private equity firm. FERC said that the merger would not have a detrimental effect on competitive wholesale power markets but the agency did issue certain conditions. Under
LA to NYC without a single touch thanks to sonar, radar, 8 surround cameras, sensors and a “supercomputer in the car” Electric vehicle maker Tesla announced this week that all of its vehicles currently in production are being equipped with the hardware that will allow every car to have self-driving capability, which the company described as “full autonomy.” “As of
18.5 Billion Solar Panels Could Power the U.S., but … To generate electricity from the sun, you need either to collect solar radiation and convert it with photovoltaic cells to DC power, then to AC with an inverter, or you need to concentrate the sunlight onto one central collector from acres of “mirrors” and let the combined, concentrated heat from the
Detroit based power provider DTE Energy (ticker: DTE) announced it will purchase midstream natural gas assets in Appalachia. The combined purchase price for the assets to be acquired by DTE is $1.3 billion. The agreement calls for DTE to purchase 100 percent of Appalachia Gathering System (AGS), located in Pennsylvania and West Virginia, and 40 percent of Stonewall Gas Gathering (SGG), in West Virginia, from M3 Midstream.
NatGas Use in Electricity Generation Soars through 2040: EIA Report The U.S. Department of Energy’s Energy Information Agency released its newest comprehensive report today, its Annual Energy Outlook 2016. As to the agency’s projections for oil and gas prices and production levels, the report summarizes what its models show as follows. After 2017, U.S. oil production increases as prices rise
From the Canton Reporter Independent electricity companies, not utilities, are behind the projects, signaling how deregulation has taken root A power-plant building boom has hit Ohio, the first since shale natural gas changed just about everything in the state’s energy landscape. Six plants are under construction or in the planning stages across the state, including one near Circleville. The projects
From ABC News/AP Duke Energy Corp.’s purchase of Piedmont Natural Gas Co. will create a company with the financial resources to expand the distribution of natural gas across the country as utilities shift further away from coal to the cleaner-burning fuel, the chief executive of the country’s largest electric company said Monday. Duke Energy is spending $5 billion for Piedmont
New requirements: Vermont utilities must procure 55% of the electricity sold to customers from renewable sources in 2017, increasing to 75% in 2032 The State of Vermont is a recent example of a source of the tornadic nature of change that is coming to the power generation sector and electric utilities across the U.S. Joining California, Hawaii and New York with the nation’s most aggressive renewable
From the San Diego Union Tribune Anti-nuclear activists have been popping Champagne corks over the news that the last remaining nuclear power plant in California, the Diablo Canyon facility outside of San Luis Obispo, is expected to shut downwithin the next nine years. But a number of critics say if history is a guide, California will become more dependent on
From SmartGrid News Four companies account for more than half of all renewable energy sales across the U.S.: Sempra Energy, Pacific Gas & Electric (PG&E), Edison International and Xcel Energy all reported that more than 20 percent of their total energy sales came from renewable resources, according to a report from CERES. Combined, the four companies accounted for more than
DTE Energy increases dividend for seventh straight year; annualized rate increases 5.5 percent
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