(Oil Price) – As U.S. natural gas prices jumped to a three-year high, coal has become a cheaper power-generating fuel for utilities, which are set to run coal-fired generators harder this winter. U.S. benchmark natural gas prices at Henry Hub have jumped from $4.23 per million British thermal units (MMBtu) at the start of November to above $5 per MMBtu by early December.
(BOE Report)– U.S. power generation capacity is evolving at the fastest pace in decades, as utilities scramble to ensure that supplies keep up with rapidly growing electricity demand from data centers, AI applications, businesses, homes and electric vehicles. To help frame expectations on what power sources will likely be in play over the coming years, the U.S. Energy Information Administration
(BOE Report) – Major U.S. utilities are expected to spend heavily on upgrading their electric lines and grids over the next five years to cater to power-hungry sectors, although experts worry that their plans to raise rates sharply to offset higher costs may face regulatory hurdles. In the past few weeks, about nine utilities had raised their capital expenditure forecast by
(Oil & Gas 360) – As Artificial Intelligence (AI) expands to potentially revolutionize every aspect of human existence, the expected electrical demands required by the power devouring technology in its earliest stages present a formidable planning and financing challenge for utilities and other power plant developers. The so-called electrical boom, the result of everything from growing economies and populations, cloud computing
CNBC One of the market’s worst-performing sectors this year has turned the tables. S&P 500 utilities stocks have been the top sector over the past month and in October, with the group now approaching a key bullish pattern known as a golden cross, when the 50-day moving average crosses over the 200-day moving average. The pattern typically suggests to chart watchers
From Reuters An inexorable decline in spot market prices for liquefied natural gas (LNG) is pushing utilities in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices, lawyers and analysts said. The utilities are also looking to buy more LNG on the spot market, where prices LNG-AS are plumbing three-year lows and
From Utility Dive Utility leaders often say they can meet whatever policy obligations states impose — if the policies are clear. New Energy Department numbers show that’s largely the case — at least for now. Data compiled from utility compliance filings show they are incorporating the renewable energy capacity into their generation portfolios as required of them by interim state mandate targets, according to
David M. Harris, previously AltaGas’ (ticker: ALA; AltaGas.ca) president and COO, has succeeded David W. Cornhill as president and CEO, as announced previously. David Cornhill, founder of AltaGas, continues as chairman of the board. David Harris (B.Sc., MBA) joined AltaGas in 2010 and is an experienced project executive who has built hydroelectric projects internationally and in North America. Mr. Harris holds
Global Energy Management Open House for Energy Professionals on April 14th The University of Colorado Denver Business School’s Global Energy Management (GEM) program is set to launch its 16th new class, which it calls “cohorts,” in July. In advance of that, tomorrow evening, April 14th, the University of Colorado Denver Business School is hosting a free open house for energy professionals.
Hybrid Online Master’s Program Appeals to Industry Professionals Worldwide – Open House April 14th The University of Colorado Denver Business School’s Global Energy Management (GEM) program is set to launch its 16th new class, which it calls “cohorts,” in July. The 18-month Master of Science program is focused 100% on the business side of the energy industry, and the program
