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(Reuters) – The Electric Reliability Council of Texas (ERCOT) has warned reserve margins will be squeezed next week as temperatures rise and it may need to instruct generators to postpone non-urgent maintenance. ERCOT is the independent system operator for most of Texas, managing the flow of power to more than 27 million customers representing about …
(Reuters) – The U.S. Southwest and Texas are at an increased risk of power supply shortfalls during times of peak demand this summer due to rising electricity consumption and supply constraints, the North American Electric Reliability Corporation said on Wednesday. Parts of the Midwest and New England are also under elevated threat of inadequate power …
U.S. Southwest and Texas at Risk of Power Shortfalls This Summer, Regulator says Read More »
(Reuters) – Duke Energy beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from higher rates and robust demand for electricity. Income from Duke’s electric utilities segment jumped 29% to $1.02 billion. “We have a clear path forward that will deliver sustainable value and 5% to 7% earnings growth over the next …
Duke Energy Beats First-Quarter Profit Estimates on Higher Rates Read More »
(Reuters) – Allete said on Monday a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners would acquire the U.S. utility for $6.2 billion, including debt. The partnership would pay $67 per share in cash for all outstanding common shares of Allete, a premium of nearly 19.1% to the company’s closing share price …
U.S. Utility Allete Goes Private in $6.2 Bln Deal Read More »
(Reuters) – The White House on Tuesday reformed the U.S. environmental review process for major projects which officials said would speed up approval of everything from transmission of power from wind and solar farms to semiconductor manufacturing. The reforms are the second and final phase of the administration of President Joe Biden’s adjustments to the …
U.S. Reforms Environmental Law to Speed up Clean Energy, Infrastructure Approval Read More »
August prices for Dallas hit an 82% premium from a year ago Grid operator Ercot issues power warning for next week A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs. Traders start looking at prices months in advance to …
Texas Power Prices Signal Grid Stress in Another Long, Hot Summer Read More »
An apartment tower in downtown Brooklyn has ditched fossil fuel heating and appliances as new city rules on energy efficiency are phased in. By Kendra Pierre-Louis In a city that often feels stitched together by scaffolding, the development known as the Alloy Block — on a bustling street in downtown Brooklyn, across from the red-and-silver sign …
New York’s First Electric Skyscraper Promises Luxury With Lower Emissions Read More »
(Reuters) – U.S. electric utilities predict a tidal wave of new demand from data centers powering technology like generative AI, with some power companies projecting electricity sales growth several times higher than estimates just months earlier. Nine of the top 10 U.S. electric utilities said data centers were a main source of customer growth, leading …
U.S. Electric Utilities Brace for Surge in Power Demand from Data Centers Read More »
As utilities shell out to fortify, decarbonize and expand their grids, US ratepayers are footing the bill. Bloomberg Alfredo De Avila grows increasingly frustrated when his electricity bill arrives each month. Price gains for groceries and other household essentials have eased in the past year, but the rising cost of power is still eating into …
Power Bills Will Keep Rising Even After the Fed Tames Inflation Read More »
(Reuters) – Electric grids across the U.S. are anticipating a rapid decline in solar generation during Monday’s total solar eclipse, which will span multiple states. NASA estimates the path of totality – when the sun is fully blocked by the moon – will last from 1:30 pm CDT (1830 GMT) to 2:35 pm CDT in …
How Monday’s Total Solar Eclipse Affects U.S. Grid Operators Read More »
