megawatt

With screen prices at a three-month low it’s no surprise that July bidweek came in a bit soft.NGI’s National Spot Gas Average for July bidweek came in at $3.66, a 48-cent decline from June 2013, but 94 cents higher than the July 2012 bidweek average.

Bechtel has been awarded the engineering, procurement and construction contract for the Panda Temple II Generating Station, a 758 megawatt natural gas-fueled, combined-cycle power plant to be built in Temple, TX, south of Dallas. It is the third power facility to be built by Bechtel and consortium partner Siemens for Panda Power Funds.

Calpine Corp. has confirmed that it plans to develop a 309 megawatt natural gas-fired generation plant in Delaware and continue its efforts to switch from coal to gas in the portfolio it obtained when it acquired Conectiv Energy’s generation fleet from Pepco Holdings Inc. in a $1.3 billion deal two years ago (see Daily GPI, Aug. 2, 2010). Calpine said the completion of the Garrison Energy Center in Dover, DE, depends upon “continued successful development milestones,” but Calpine is “committed to proceed with full-scale development efforts.” Calpine CEO Jack Fusco said Calpine voluntarily eliminated the coal-fired plants among the 19 facilities it purchased from Pepco, and the Garrison plant development is the next step in that commitment.

After hundreds of years of being the dominant source for electrical power generation, separate reports by the commodity analysts and the media say the coal industry faces an uncertain future as natural gas prices remain low and utilities build new power plants fueled by natural gas.

It caused a political stir, but nary a megawatt changed Tuesday when California energy-buying officials turned over to the state controller seven more power contracts that cover supplies this summer. State Controller Kathleen Connell Monday expressed concerns that the state’s much-publicized long-term contracting was going to be woefully short this summer, causing billions of more dollars to be needed for spot market purchases.

Developers in 2000 set an all-time record in the United Statesfor production of megawatt capacity from natural gas-firedturbines. The interesting part about the new record is that it isexpected to be more than doubled in 2001, according to a new studyconducted by A. Michael Schaal of Energy Ventures Analysis, Inc.(EVA).

Developers in 2000 set an all-time record in the United Statesfor production of megawatt capacity from natural gas-firedturbines. The interesting part about the new record is that it isexpected to be more than doubled in 2001, according to a new studyconducted by A. Michael Schaal of Energy Ventures Analysis, Inc.(EVA).

FPL Energy LLC, the independent power production subsidiary ofFPL Group, Inc. said yesterday it expects to have a 500-megawattcombined cycle gas-fired power plant in Johnston, RI, up andrunning by 2002. Rights to build and operate the plant, which willbe located near Providence, were purchased from Reliant EnergyPower Generation, Inc., a subsidiary of Houston-based ReliantEnergy. The purchase price was not disclosed.

NGI Daily Price Index reported last week that Potomac ElectricPower Co. hoped to sell nearly all of its power generationfacilities — with an estimated capacity of at about 6,055 MW —for an “upside price” of about $3 million. Pepco later correctedthe figure to $3 billion. Pepco further said it hoped to narrow thefield of serious bidders to between six and a dozen by March.