Panda Temple I plant files for Chapter 11 bankruptcy Panda Temple Power has filed for Chapter 11 bankruptcy for its Temple I power plant, Panda Vice President of Public Affairs Bill Pentak confirmed Thursday. Only one of the two Temple facilities is affected by the filing. Pentak said the state’s struggling energy sector was a … Continue reading #Panda_Temple I plant files for Chapter 11 #bankruptcy
Exelon taps restructuring advisor for power subsidiary – sources U.S. utility holding company Exelon Corp has hired a debt restructuring adviser to help it evaluate options for its merchant power plant subsidiary ExGen Texas Power LLC, people familiar with the matter said on Tuesday. The move comes as merchant power plants such as ExGen Texas … Continue reading Exelon taps restructuring advisor for power subsidiary – sources
Energy company seeks possible Michigan natural gas plant SOUTH HAVEN, Mich. — An energy company is looking to make up for the potential loss of a nuclear power plant near South Haven and possibly replace the energy production with natural gas. Consumers Energy is seeking proposals to buy a natural, gas-fired plant. Entergy, which owns … Continue reading Energy company seeks possible Michigan natural gas plant
ISO-NE proposes two-part capacity auctions to handle subsidized generation The ISO-New England proposal aims to provide a market-based solution to the integration of subsidized generation resources in wholesale power markets. Across the nation, subsidized resources — typically renewables and nuclear plants — are pushing down wholesale power market prices, reducing revenue for generators and stoking … Continue reading ISO-NE proposes two-part capacity auctions to handle subsidized generation
Three Charts Show Power Glut Holding Fast in Biggest U.S. Market – Developers set to add 33 gigawatts of supplies 2015-2019 – Competition from wind power may double under new rules A glut of supply in America’s biggest power market may be sticking around for a while. This May, newly-built or expanded natural gas-fired plants, … Continue reading Three Charts Show Power Glut Holding Fast in Biggest U.S. Market
Three Mile Island fails to sell future energy production, causing speculation of shut down Speculations are swirling that the Three Mile Island nuclear plant could close down after no one purchased a year’s worth of the power plant’s future electricity during a recent energy auction. The PJM Capacity Auction was an opportunity for power generation … Continue reading #Three_Mile_Island fails to sell future energy production, causing speculation of #shut_down
Electric grid operator questions reliability amid shift to gas-powered generation The world’s largest wholesale electricity market, which includes Pennsylvania, gets its power from a half dozen fuel sources, but its operator asks now whether growing dependence on natural gas fuel could weaken reliability. Natural gas-generated power produces about one-third of the grid’s needs. It’s a … Continue reading Electric grid operator questions reliability amid shift to gas-powered generation
Palisades nuclear power plant returns to service
EIA: Electricity generation will decline 1% this year before rebounding in 2018 While the long-term direction of the utility power mix is toward renewables and away from fossil fuels, recent energy market shakeups have numbers jumping around a bit. Gas traded at historically low prices last year, forcing some coal out of the market. But … Continue reading EIA: Electricity generation will decline 1% this year before rebounding in 2018
Report: Exelon’s Texas merchant subsidiary looks to address debt Exelon’s merchant power subsidiary may be the latest indicator of systemic problems in organized power markets. Reuters reports that the company has hired advisers to help it address debt, following a trend of other dim signs for independent power producers. EGTP owns five power plants in … Continue reading Report: #Exelon ‘s Texas merchant subsidiary looks to address debt
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