electricity

Xcel Energy Inc. and NRG Energy Inc. recently reported carbon dioxide (CO2) reductions of more than 50% from baseline levels and unveiled new goals centered on electric vehicles as the utilities continue to search for ways to lower their emissions footprints. In its 16th annual sustainability report, Xcel reported a 51% CO2 reduction from electricity…

July natural gas futures charged like a lion Monday, surging 12.1 cents from Friday’s levels as a historic heat wave continued to smother the Pacific Northwest, leading to pipeline issues and amplified demand. Notable heat also blanketed the East Coast, and with forecasts pointing to more hot weather ahead, the July Nymex contract extended its…

Mexico President Andrés Manuel López Obrador said during his daily press conference on Tuesday that his government would work toward a constitutional reform in the electric power sector. “We need a reform so that domestic users, and the poor and middle class, don’t pay more for their electricity than big corporations,” he said. The president…

A significant increase in new combined-cycle natural gas plants is expected to add 3,414 MW of capacity to PJM Interconnection’s power supply resources beginning in June 2022 through May 2023, according to the results of its latest auction. This year’s auction produced 144,477 MW of total resources for the 2022/2023 period. Headquartered in Valley Forge,…

California’s coast may be the site of the West Coast’s first installment of offshore wind infrastructure following an announcement by the Biden administration this week. The administration said the Department of Interior (DOI), Bureau of Ocean Energy Management (BOEM) and the Department of Defense (DOD) have agreed to lease 399 square miles off the northern…

Coinciding with higher natural gas prices, the share of U.S. electricity generation powered by gas is set to decline this summer compared to last, the Energy Information Administration (EIA) said in research published this week. In its Summer Electricity Outlook, released as a supplement to the May Short-Term Energy Outlook, EIA said it expects natural…

BP plc, which is aiming to eliminate natural gas flaring in the Lower 48 by 2025 on its transition to becoming a zero-emissions producer, said it has taken a big step toward that goal with a state-of-the-art facility in the Permian Basin. The electrified Grand Slam facility near Orla, TX, is a central oil, gas…

Accelerating innovation is among the long list of recommendations needed to strengthen the U.S. power grid, according to the National Academies of Sciences, Engineering, and Medicine.  The report, mandated by Congress, came in the wake of the winter freeze last month that severely strained the power grid in Texas and other states. In the report,…

Mexico’s president and the CEO of its state oil company Petróleos Mexicanos (Pemex) said Wednesday that the terms of an ethane supply contract between Pemex and petrochemicals firm Braskem Idesa (BI) have been amended. The changes would benefit Pemex, said President Andrés Manuel López Obrador and Pemex CEO Octavio Romero Oropeza, although BI had yet…