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Constellation reportedly takeover target of Chicago power company
Constellation Energy Group is reportedly in the final stages of takeover negotiations that could see it absorbed by the Chicago-based power company Exelon Corp., a deal that would usher Baltimore's last Fortune 500 company headquarters out of town.
For...Tags: MidAmerican Energy Company, Stanley Works, Leveraged Buyouts, Public Service Enterprise Group Incorporated, The New York Times
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Enron gouged customers of $1.1 billion, records show
Associated PressSEATTLE - Enron Corp. manipulated the energy market practically every day during the 2000-2001 power crunch and gouged Western customers for at least $1.1 billion, according to audiotapes and documents released yesterday. The records were uncovered by...Tags: Williams Companies Incorporated, Bankruptcy, Energy, Electricity Production and Distribution, Judges
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UPDATE 3-Investment needed in power-hungry Texas market-study
Reuters* Report calls for re-evaluation of needed reserve margin * Advises progressive price cap increases when supply tight * Sierra Club criticizes push for higher wholesale prices (Adds Brattle Group, NRG Energy, Panda comment) By Eileen O'Grady HOUSTON,...Tags: Energy Saving, Plant Openings, Finance, Prices, Petroleum Industry
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NRG Calif. gets regulatory nod for Carlsbad natgas project
ReutersJune 1 (Reuters) - The California Energy Commission approved construction of a natural gas-fired Carlsbad Energy Center project in Carlsbad, California, with an estimated cost of more than $500-million. The project was proposed by Carlsbad Energy...Tags: Employees, Natural Resources, Energy Resources
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Ecotality sues to block NRG's electric vehicle charging stations
SACRAMENTO — A Bay Area clean technology firm is suing state energy regulators, accusing them of granting an out-of-state power company a monopoly over EV charging stations in California. Ecotality, a San Francisco maker of electric charging...Tags: Companies and Corporations, Litigation, Jerry Brown, Laws, Energy
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UPDATE 2-Texas power supply outlook worsens, grid says
Reuters* Grid operator warns power resources will be tight * State to rely on return of aging gas-fired plants * Regulators working to encourage new generation HOUSTON, May 22 (Reuters) - Rolling blackouts may hit Texas years sooner than expected, the state...Tags: Plant Openings, Weather Warnings, Electricity Production and Distribution, Conservation, Computer Hardware
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Planned natgas plants in New Jersey clear PJM auction
Reuters* Hess and LS Power projects clear PJM auction * Auction procures over 164,000 MW at $136 per MW-day By Scott DiSavino May 22 (Reuters) - Three planned electric generating plants in New Jersey capable of producing more than 2,000 megawatts (MW) and...Tags: Energy Saving, Companies and Corporations, Plant Openings, Marketing, Woodbridge
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UPDATE 3-PJM secures capacity at base price of $136 per MW
Reuters* PJM secures more than 164,000 MW of capacity resources * Prices in Northern Ohio and the Mid-Atlantic higher By Scott DiSavino May 18 (Reuters) - U.S. power grid operator PJM said Friday its capacity auction secured a record amount of new generation,...Tags: Environmental Politics, Public Service Enterprise Group Incorporated, Consolidated Edison Incorporated, FirstEnergy Corp., Electricity Production and Distribution
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PJM market monitor withdraws capacity market complaint
ReutersBy Scott DiSavino May 18 (Reuters) - The Independent Market Monitor for U.S. power grid operator PJM said late Thursday it filed with federal regulators to withdraw a complaint against an unnamed participant in PJM's power capacity auction, which...Tags: Companies and Corporations, Plant Openings, Marketing, Petroleum Industry, Electricity Production and Distribution
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UPDATE 1-PJM market monitor withdraws capacity market complaint
Reuters* Capacity auction could be worth $10 billion * PJM seeking about 160,000 MW of power resources By Scott DiSavino May 18 (Reuters) - The Independent Market Monitor for U.S. power grid operator PJM said late Thursday it filed with federal regulators...Tags: Companies and Corporations, Plant Openings, Marketing, Petroleum Industry, Electricity Production and Distribution
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Sluggish electric demand plagues U.S. utilities
Reuters* Mild weather depresses power use in first quarter * Flat demand may be "new normal" - consultant * Information technology may expand power demand By Eileen O'Grady HOUSTON, May 11 (Reuters) - Sluggish U.S. electricity consumption has yet to return...Tags: Energy Saving, Progress Energy Incorporated, Plant Openings, Weather Reports, Netflix Inc.
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AES restarts Calif gas units to bolster supply
Reuters* Power needed to offset loss of nuclear station * Grid operator preparing for summer power needs May 11 (Reuters) - Two retired power plants owned by AES Corp have been restarted to help the California grid operator replace lost generation from the...Tags: Standards, Southern California Edison Company
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Jun 1, 2012
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May 11, 2012
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