Power generation developers may be taking new looks at added natural gas- and coal-fired plants as an outgrowth of the reaction to the continuing disaster unfolding at Japan’s Fukushima Daiichi nuclear generating plant, according to the CEO of NRG Energy Inc.
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As an outgrowth of a green jobs law passed last year by the state legislature and signed by Gov. Arnold Schwarzenegger, the state’s chief executive Monday launched the California Green Corps, a community college-based effort to prepare workers for jobs in the renewable energy and environmental sectors.
Calling the California Attorney General’s lawsuit without merit and an outgrowth of legal threats, Sempra Energy late Wednesday accused the state’s chief law enforcement officer with filing a bogus lawsuit to force a settlement.
As an outgrowth of merchant power generation’s shrinking margins and spark spreads, Moody’s Investors Service last Wednesday changed the rating outlook from stable to negative on debt securities of PG&E Corp.’s National Energy Group (NEG). The move reflects “the growing reliance on less predictable cash flows coupled with the weak marketplace for merchant generation,” Moody’s said in announcing the change.
As an outgrowth of the winter-spring energy price and supply crunch that spawned a statewide emergency and two special sessions of the state legislature, California wound up this week with two new bills designed to promote cheaper, more reliable natural gas supplies. Gov. Gray Davis signed the bills (AB 1233 and AB 21XX) over the weekend.