AEP considers additional asset sales to fund capital expenditure plan boost
American Electric Power executives announced on Wednesday that they are considering asset sales in order to fund their five-year capital expenditure plan of $54 billion, a 25% increase from the previous plan. AEP also considers cutting layers of management…
U.S. regulators consider the issue of data centers in power plants
The Federal Energy Regulatory Commission held a technical meeting on Friday to discuss the reliability and cost concerns associated with the growing trend of building data centers that are energy-intensive on the site of U.S. nuclear power plants. The technology…
J-Power, a Japanese gas-power company, will sell its stake to a US gas-power company
J-Power, a subsidiary of Japan's Electric Power Development, announced on Thursday that it had decided to sell its 50 percent stake in an American gas-fired energy company as part a reshuffle to its asset portfolio. This was done to increase capital efficiency.
US utilities to benefit from data center demand in the second half
After striking several supply agreements during the second quarter of 2018, U.S. Electric utilities were bullish about the demand for data centers that are driving the artificial intelligence boom. This reinforced market expectations regarding sales growth throughout the year.
Batteries hasten winds of change for electricity stocks
Bigger, better batteries are speeding up change in the U.S. electricity sector and could help power a rally in Xcel Energy Inc, American Electric Power Co Inc and other utility and renewable energy stocks, Barron's reported.After a decade of steep cost declines…
Coal's Future Remains Uncertain
A year after Donald Trump was elected president on a promise to revive the ailing U.S. coal industry, the sector’s long-term prospects for growth and hiring remain as bleak as ever. A Reuters review of mining data shows an industry that has seen only modest…
Exxon Case Revives Debate Over Corporate Climate Disclosures
Public corporations are supposed to warn investors about the risk to their businesses from climate change, but the tone and wording of those disclosures vary widely among big U.S. manufacturing, automotive and energy companies, according to company documents, and legal and corporate governance experts.
Electricity firm CEOs urge clear policies for low-carbon shift
Heads of 11 companies that generate a third of the world's electricity urged governments on Sunday to agree clear, long-term policies to underpin a shift to lower-carbon energy as part of a U.N. agreement on climate change due in December. They also issued…
Texas Power Demand Breaks Record Again in Heat Wave
The Texas power grid operator said electric demand hit another record high on Monday as consumers cranked up their air conditioners to escape a brutal heat wave. Demand reached a record 69,783 megawatts on Monday, topping the previous records of 68,912 MW set on Aug. 6 and 68,459 MW on Aug.
TX Power Demand Soars, Prices Spike
The Texas power grid operator said electric demand hit an all-time peak for a second day in a row on Thursday as consumers cranked up their air conditioners to escape a brutal heat wave, and power prices rose to an 18-month high. Next-day power prices at the…
Texas Power Demand at Record High
The Texas power grid operator said demand for electricity hit an all-time record as consumers cranked up air conditioners to escape a brutal heat wave on Wednesday, breaking the previous record set four years ago. Demand reached 68,459 megawatts, topping the previous record of 68,305 MW, set on Aug.
Norway Parliament Votes to Cut Coal Investments
Norway's parliament voted on Friday to reduce coal investments by its $880 billion sovereign wealth fund, the world's biggest, in a decision hailed by environmentalists as a model to help slow climate change. Under the unanimous deal, the fund will sell all…
Air Technologies Receives Energy Efficiency Award
Air Technologies, a key Atlas Copco distributor of compressed air solutions, has received a 2014 Energy Efficiency Top Producer Award from American Electric Power (AEP) Ohio. The company was ranked sixth for top energy savings with more than 5 million kWh hours saved…
U.S. Supreme Court: Antitrust Claims Over Natural Gas Prices Can Proceed
The U.S. Supreme Court on Tuesday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002. The ruling, on a 7-2 vote, was a loss for several energy companies…
US Justices Weigh Antitrust Lawsuits Related to Energy Crisis
The U.S. Supreme Court on Monday wrestled with the question of whether a federal law governing the natural gas market would allow energy companies to evade state antitrust claims made over the western U.S. energy crisis between 2000 and 2002. The court appeared divided during oral arguments in the case…
US Rail Jams Force Rush to Roads and Rivers
U.S. coal-burning power utilities are being forced to turn to barges and more expensive trucks to move coal, desperate to shore up stockpiles left dangerously low by the widespread bottlenecks on rail networks. The shift in how coal is being delivered to some…
Duke Energy Sells Generation Business to Dynegy
Duke Energy announced Dynegy will buy its 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 competitive retail business in Ohio. "This…
AEP Names Reis VP of Audit Services
Andrew B. Reis had been named vice president, Audit Services for American Electric Power (AEP) effective Sept. 1, according to Nicholas K. Akins, AEP chairman, president and chief executive officer. Reis is currently vice president, Commercial & Financial Analysis for AEP.
Cleaning up Coal: Kemp
According to the popular narrative, coal is locked in a fight to the death with natural gas and renewables to supply clean electrical energy. Promoters of gas, wind and solar often talk about coal as if it were not just a rival but an enemy. Environmental campaigners…
Severe U.S. winter leaves questions for gas, power markets
Natural gas pipelines and power utilities across the United States struggled for several weeks to keep lights on and homes warm through the coldest winter in decades, but it may take many months for the cost and the fallout of the so-called "polar vortex" to work through the energy chain.
