News

  • Duke Energy's first-quarter adjusted profit met Wall Street's view, as it dealt with milder winter weather. The electric utility earned $694 million, or $1.01 per share, for the three months ended March 31. A year earlier the Charlotte, North Carolina-based company earned $864 million, or $1.22 per share. Earnings, adjusted for one-time gains and costs, were $1.13 per ...
  • With coal use declining in nearly every state, Missouri and Illinois remain among the largest consumers of the carbon-heavy fuel. Declining coal use among utilities and power producers in other big coal states have left Illinois and Missouri as the No. 2 and No. 3 users of the fuel, respectively. Texas burned the most coal in the U.S. last year. In 2007, Illinois was No. 4, while ...
  • Baku, Azerbaijan, May 3 By Maksim Tsurkov – Trend: Power plants of the Azerenergy JSC, Azerbaijan’s main electricity producer, generated 7.6 billion kilowatt hours of electricity in January-April 2016 as compared to 8.2 billion kilowatt hours generated in the same period 2015, said Azerenergy in a message May 3. Azerenergy’s power plants produced about 1.7 billion kilowatt hours of electricity ...
  • North Carolina's investment in renewable energy appears to be peaking. For the first time since 2007, the amount of money that residents and businesses have claimed in the state's renewable energy tax credit has barely budged. Last year, the amount claimed was $136.3 million, only 7.5 percent more than the $126.7 million claimed in 2014, according to a report issued Friday by the N.C. ...
  • Caverion, SKB, Swedish Nuclear Fuel and Waste Management Company, and Vattenfall, one of Europe's largest generators of electricity, extend the framework agreement for the Ringhals and Forsmark nuclear power plants.
  • The Paleisheuwel solar plant has been connected to the national transmission grid managed by Eskom. TerniEnergia, an Italian-based renewable energy company, has completed the first of the two giant solar plants in SA. The photovoltaic (PV) plant, located at Paleisheuwel in the Western Cape, has been connected to the national transmission grid managed by Eskom. TerniEnergia has completed the ...
  • Duke Energy Renewables has bought six solar farms in Eastern North Carolina, raising its total in the state to 30 sites. Terms of the purchase from Community Energy were not announced. Five of the farms are already operating, with the sixth coming online in May. Together they will have total capacity of 30 megawatts, enough energy to supply about 6,000 homes. Output from the solar ...
  • Hub Power Company (Hubco) has announced that it will set up a 330-megawatt coal-based power project in Thar at a cost of $500 million in partnership with other investors, subject to approval of the Private Power and Infrastructure Board (PPIB). It would take one year to achieve financial close of the project after the PPIB gives its stamp of approval to the project, Hubco Chief Executive ...
  • The Federal Energy Regulatory Commission (FERC) recently rejected Ohio-based utilities FirstEnergy and AEP's bailout deals, which the Public Utilities Commission of Ohio (PUCO) recently approved. FERC, which is responsible for ensuring fair wholesale electricity prices, recognized that these backroom bailouts were "abusive," taking advantage of "captive" customers and harming the competitive ...
  • Kentucky's coal industry continued to hemorrhage jobs in the first three months of 2016, hitting the lowest total in 118 years, according to a report released Monday. The number of jobs dropped by a little more than 1,500 during the quarter, or 17.9 percent, leaving estimated employment in the industry of 6,900 as of April 1, according to the report by the Kentucky Energy and ...