Projects: News

  • Dominion Virginia Power kicks off solar energy purchase program

    Dominion Virginia Power begins accepting online applications June 20 for its Solar Purchase Program, which will help eligible customers offset the cost of adding solar power generation capacity to their homes and properties while increasing solar generation in Virginia. Customers can apply at Dominion's website. The pilot program is limited to a total of 3 MW. (Dominion Virginia Power is one of the top utilities in the U.S. for selling renewable energy to its customers. Find out about the others here.) Participating customers purchase, install and own the solar generation system located on their property, but sell the electricity and the associated solar Renewable Energy Certificates (RECs) back to Dominion at a premium rate of 15 cents per kWh. Participating customers purchase all of the electricity for their homes or businesses from the company on their current rate schedule. The Dominion Green Power program directly supports these solar projects through the purchase and retirement of the RECs produced. The Solar Purchase Program is an alternative to Dominion's net metering program in which customers offset their consumption with self-generated renewable energy using a variety of fuel sources. Currently, about 850 customers participate in the net metering program. Dominion Virginia Power is a unit of Dominion (NYSE:D), which operates a portfolio of about 27,000 MW of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,400 miles of electric transmission lines.

  • U.S. coal exports set monthly record

    Coal exports from the United States in March 2013 totaled 13.6 million short tons, nearly 0.9 million short tons above the previous monthly export peak in June 2012. EIA is projecting a third straight year of more than 100 million short tons of coal exports in 2013, following annual exports in 2011 of 107.3 million short tons and record annual exports in 2012 of 125.7 million short tons.

  • Riverstone Holdings Closes Latest Global Energy and Power Fund at $7.7 Billion

    NEW YORK, June 19, 2013 /PRNewswire/ -- Riverstone Holdings LLC ("Riverstone"), a leading  energy and power investment firm, has closed its latest conventional energy private equity fund, Riverstone Global Energy and Power Fund V, L.P. ("Fund V"), with total commitments of $7.7...

  • Xcel Energy plans $1.8 billion in nuclear power plant upgrades

    Minneapolis, Minnesota-based Xcel Energy wants to invest some $1.8 billion extending the lives and boost the power generation capacity of a pair of nuclear reactors, according to the Minneapolis Star Tribune. The utility holding company, which serves about 3.4 million customers in the northern Midwest and the Southwest, will spend about $280 million replacing the steam generators at the twin-reactor, 1,076 MW Prairie Island Nuclear Generating Plant. Xcel will spend $600 million on the 613 MW Monticello Nuclear Generating Plant to improve the plant's safety measures and boost power output. Both nuclear power plants are located in Minnesota. Representatives of the company have said the new steam generators being installed at Prairie Island will not have issues with the same problems that ultimately caused the shutdown of the San Onofre Nuclear Generating Station (SONGS) in California, according to the report.

  • Gamesa, Infigen settle on wind turbine maintenance agreements

    Gamesa Wind US and Infigen Energy reached an agreement to settle all outstanding legal actions between the companies related to wind turbines that Gamesa built and provided to Infigen. In accordance with the agreement, Gamesa will provide warranties, wind turbine maintenance services and replacement parts for the turbines until June 14, 2028. Five of the U.S. wind energy projects have each executed 15-year warranty and maintenance agreements with Gamesa for a fixed annual fee. The wind energy projects includes in this agreement are the 80 MW GSG and 51.7 MW Mendota plants in Illinois, the 80 MW Allegheny Ridge and the 24 MW Bear Creek plants in Pennsylvania, and the 50 MW Kumeyaay plant in California. Gamesa will be responsible for all turbine maintenance costs including labor, cost of all turbine component replacements, and Gamesa will be entitled to certain performance payments if wind turbine availability exceeds prescribed levels. With the settlement, Infigen Asset Management will stop providing turbine maintenance to the five projects, but will continue to operate the plants and provide balance-of-plant service and maintenance.

  • FERC’s OEP Director Jeff Wright testimony before the House Committee on Energy & Commerce, Subcommittee on Energy and Power

  • AES to provide energy storage facility for PJM market in Ohio

    To be located at DP&L Tait generating station, just south of Dayton, Ohio, the AES battery array will provide frequency regulation service to the PJM market

  • Duke Energy board elects Lynn Good as president and CEO

    CHARLOTTE, N.C., June 18, 2013 /PRNewswire/ -- Duke Energy announced today that the board of directors has unanimously elected Lynn Good as its next president and chief executive officer, succeeding Jim Rogers, who will continue to serve as chairman of the board until his retirement...

  • Duke Energy agrees with North Carolina Public Staff on rate case

    Duke Energy Carolinas, a unit of Duke Energy, reached an agreement with the North Carolina Public Staff concerning the utility's request to raise base rates. The settlement includes a significant reduction in the rate increase to customers, while providing a fair return for the company's investors, according to Duke Energy. Under the terms of the settlement, the increase to the company's revenue is reduced to about $205 million in the first two years, with customer rates increasing an additional $30 million (for a cumulative increase of about $235 million) beginning in year three. Duke Energy originally requested an average increase in retail revenues of 9.7 percent or about $446 million. The company has agreed to implement the rate increase over time. During the first two years, the average increase will be about 4.5 percent. After that, rates will increase by an additional 0.6 percent for a total average increase of about 5.1 percent.

Page 1 of 18
« Previous
Jump to of 18

toggle footer display