The biggest numbers game in the power sector: Data analytics and the utility community of the future; Dominion makes final decision to close 10 coal and gas-fired units in Virginia; GE sheds 650 MW of renewable assets; Xcel CEO pushes nuclear to hit utility's 100% clean energy by 2050 goal
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The power of data analytics is helping utilities improve operations and customer engagement, but a decentralized transactive energy network is in the works and will require additional computing advances.
The utility had placed the units in cold storage, but now says it will permanently close them as there is little chance they can be profitable in today's cleaner energy markets.
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Enel Green Power North America purchased the generation for approximately $256 million less than two months after General Electric said it would restructure and expand its renewables business.
The economics of nuclear continue to pose a challenge for utilities, but Xcel CEO Ben Fowke highlighted the potential of smaller plants with passive safety controls that would be smaller capital bets for executives like him.
When combined with a sale of its New England gas assets, Emera will have raised about $1.57 billion, which will be used to reduce debt and support a $4.85 billion regulated capital program.
The CEO of the nation's largest wholesale power market says a new round of reforms will better compensate power plants for reliability services they offer every day.
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