Dive Brief: A wide group of energy stakeholders, including independent power producers, gas interests and clean energy advocates, are asking federal regulators to look more closely at the benefits of pricing carbon across wholesale electricity markets. Vistra Energy, NextEra Energy and others filed a request with the Federal Energy Regulatory Commission (FERC) on Tuesday, … [Read more...] about NextEra, Vistra join array of stakeholders in asking FERC to look at carbon pricing
Corporate News
Pearce Services Acquires MaxGen Energy Services, WWS
Pearce Services LLC, a provider of telecommunications infrastructure maintenance, repair and engineering, has acquired MaxGen Energy Services and World Wind & Solar (WWS), independent providers of repair and maintenance services for utility-scale renewable wind and solar assets. The terms of the transactions were not disclosed. The combined business will be known as Pearce … [Read more...] about Pearce Services Acquires MaxGen Energy Services, WWS
PJM Details COVID-19 Impacts to Electricity Demand
PJM presented updated estimates and analysis of coronavirus-related impacts to electricity demand at the April 14 Planning Committee meeting. During weekdays, peak load – the highest point of electricity demand during a given day – registered approximately 8 to 10 percent under (or about 7,500 MW) what would be expected minus COVID-19 social distancing … [Read more...] about PJM Details COVID-19 Impacts to Electricity Demand
Bankruptcy judge pushes back on PG&E's plan to route $4M fine through fire victim trust
Dive Brief: The judge overseeing Pacific Gas & Electric's (PG&E) bankruptcy case on Friday tentatively approved an agreement between the utility and the district attorney of California's Butte County, under which PG&E agreed to plead guilty to 84 counts of involuntary manslaughter and pay a $4 million fine related to the 2018 Camp Fire. But U.S. Bankruptcy Judge … [Read more...] about Bankruptcy judge pushes back on PG&E's plan to route $4M fine through fire victim trust
Southwest Generation purchase of Xcel gas plant to raise JPMorgan affiliation question again at FERC
Dive Brief: A subsidiary of a JPMorgan-linked investment fund is purchasing Xcel Energy's 720 MW gas-fired power plant, which will again raise questions for federal regulators about the investment bank's legal affiliation to the fund. Southwest Generation, the buyer of the Mankato Energy Center (MEC), is owned by Infrastructure Investments Fund (IIF), a $12 billion … [Read more...] about Southwest Generation purchase of Xcel gas plant to raise JPMorgan affiliation question again at FERC