natural gas power plant

A series of bills aiming to shore up the Texas power grid with backup dispatchable power is progressing through the state Senate, though some legislators fear the size and scope of the proposed rules ultimately will not address the reliability issues.  State Republican Sens. Phil King (District 10) and Charles Schwertner (District 5) introduced a…

NV Energy Inc. has been given the green light by the Public Utilities Commission of Nevada (PUCN) to add natural gas-fired peaking capacity as energy conditions run tighter across the region, with the potential the plant is fueled by a hydrogen blend in the future.  The project to add two natural gas-fired turbines, expected to…

Mexico’s state power company Comisión Federal de Electricidad (CFE) is aiming to bring online 1.5 GW of natural gas-fired power generation capacity on the Yucatán Peninsula by summer 2024, CEO Manuel Bartlett said Monday. The combined-cycle plants in Mérida and Valladolid would have capacities of 499 MW and 1,020 MW, respectively, and run primarily on…

Exelon Corp. said it completed the spin-off of Constellation Energy Corp., a natural gas supplier whose fleet powers more than 20 million homes and businesses. The Chicago-based company’s transmission and distribution utility business would continue under the Exelon name, and trade on the Nasdaq under the ticker “EXC.” It is the nation’s largest utility company,…

Natural gas exploration and production (E&P) company Banpu Kalnin Ventures Corp. (BKV) made a splash earlier this month with an announced deal to acquire a natural gas power plant in Temple, TX, for $430 million.  With independent E&Ps largely focused on the upstream, value chain integration has chiefly been the territory of majors and supermajors.…