Category: Electricity

Bankruptcy judge approves $9.9B in loans to troubled Texas power firm

A federal bankruptcy judge on Friday approved $4.47 billion in loans to Energy Future Holdings, which had sought debt to pay the bills for its retail electricity business while in bankruptcy.  More »

Buffett’s $26 billion power bet seen paying off

Warren Buffett’s $26 billion bet on western U.S. power plants, transmission lines and wind farms is poised to pay off.  More »

Kentucky plant emblematic of nationwide move from coal to gas

Across the U.S., utilities are making changes to try to meet stiffer carbon emissions rules the Obama administration announced this week.  More »

NRG affiliate buys country’s largest wind farm

A company affiliated with NRG Energy Inc. will spend $870 million to buy the country’s largest wind farm, it announced Wednesday.  More »

Let the complaints begin…

A day after the roll out of the EPA’s proposed greenhouse gas control rule for existing power plants under the CAA, section 111(d), we have the usual complaints from the usual quarters that meeting the requirements will cause wide economic disruption, and that the proposal is not legally consistent with the 111(d) provisions of the […]  More »

Report: New efficiencies could ease strain on power markets

New measures to reduce electricity use could curb growth in Texas’ peak power demand by 40 to 50 percent over the next two decades, eliminating the need to build that capacity and lowering prices for ratepayers, a new report shows.  More »

Obama plan might help boost climate talks

President Barack Obama’s proposal to curb U.S. greenhouse gas emissions might improve the chances of completing a global climate treaty but is unlikely to defuse demands by China, India and others for Americans to do more.  More »

And the Winner is….Cap and Trade

Today the EPA released its rules requiring reductions in greenhouse gases from existing fossil fuel fired electricity generating units (EGUs).  Nominally, the rules call for an overall 30% reduction in these emissions from 2005 by 2030.  The hallmark of the rule is “flexibility” as the EPA looked at the most promising tools for reducing GHGs […]  More »

EPA to seek to cut power plant carbon by one-third

The Obama administration on Monday will unveil a plan to cut earth-warming pollution from power plants by 30 percent by 2020, setting in motion one of the most significant actions to address global warming in U.S. history.  More »

Wholesale power cap goes up in Texas

The maximum price generators can charge for wholesale electricity in Texas’ competitive electricity market has increased to $7,000 per megawatt-hour.  More »

Obama’s boldest move on carbon comes with perils

As with other issues, the regulation to limit the pollution blamed for global warming from power plants is a compromise for President Obama, who again finds himself caught between his aspirations and what is politically and legally possible.  More »

Top coal-power operator expects plant closures on Obama plan

American Electric Power Co. expects to be challenged and shut some of its largest units if the Obama administration proposes a 25 percent greenhouse-emission cut.  More »