power generation

Blackstone Gains Big Stake in Indiana Utility in $2B Deal with NiSource

Blackstone Gains Big Stake in Indiana Utility in $2B Deal with NiSource

NiSource Inc. has inked a $2.15 billion deal to sell equity in its Indiana natural gas and electric utility to Blackstone Infrastructure Partners, which would defray some of the costs to modernize the natural gas system. Blackstone’s stake in Northern Indiana Public Service Co. (Nipsco) would position Nipsco to retire its 2,249 MW of coal-fired…

June 23, 2023
Dominion Opts for Natural Gas-Fired Peaker Plant in Virginia to Support Renewable Power

Dominion Opts for Natural Gas-Fired Peaker Plant in Virginia to Support Renewable Power

Dominion Energy Inc. has revamped plans to add 1,000 MW of natural gas peaking capacity in Virginia to support reliable energy generation.  The Richmond, VA-based utility plans to construct the Chesterfield Energy Reliability Center with four 250-MW natural gas-fired turbines. The center would be used as backup generation when other resources are unavailable or insufficient.…

June 22, 2023
Transmission Operators Facing New Rules by FERC, NERC for Extreme Weather Events

Transmission Operators Facing New Rules by FERC, NERC for Extreme Weather Events

Federal energy regulators have finalized rules targeting the bulk power system’s reliability against extreme weather events that pose an “unacceptable risk to life and economic harm.” Under the rule, the North American Electric Reliability Corporation (NERC) would develop reliability standards for transmission organizations to prepare for extreme weather events “for the first time,” said FERC…

June 16, 2023
Summer Looks Golden in New England for Energy Grid, Fueled Mostly by Natural Gas 

Summer Looks Golden in New England for Energy Grid, Fueled Mostly by Natural Gas 

The power grid operator for New England, where natural gas makes up the majority of the energy resources, said there are adequate resources to meet the region’s electricity demands this summer under typical weather conditions. However, tight supply margins are possible if temperatures are hotter than expected. ISO New England Inc. (ISO NE) oversees the…

June 9, 2023
Ohio Natural Gas-Fired Generation Added as Pennsylvania Shutters Another Coal Plant

Ohio Natural Gas-Fired Generation Added as Pennsylvania Shutters Another Coal Plant

Pennsylvania’s largest coal-fired generating station is shuttering operations on July 1 after years of competing with increasing natural gas-fired generation. The 1,888-MW Homer City Generating Station by EME Homer City Generation LP began operating in 1969. A third unit was added in 1977. Over the years, however, natural gas supplied by the Marcellus and Utica…

June 8, 2023
Japan’s LNG Imports Sink as Country Taps Into Alternatives, Conserves More Energy

Japan’s LNG Imports Sink as Country Taps Into Alternatives, Conserves More Energy

Japan’s return to nuclear power generation and efforts to conserve energy have contributed to a significant decline in LNG imports through the first five months of this year.   Japanese imports have fallen for four consecutive months, hitting an all-time low of 4.16 million tons (Mt) in May, according to Kpler. Overall, Asian demand has been…

June 8, 2023
Natural Gas to the Rescue in Colorado Springs Following Coal Plant Shutdown 

Natural Gas to the Rescue in Colorado Springs Following Coal Plant Shutdown 

Colorado Springs Utilities (CSU) has brought online six modular natural gas-fired units totaling 162 MW to replace the shuttered 207 MW Martin Drake coal-fired power plant. In a video posted online Tuesday (May 30), CSU highlighted the gas-fired units’ “small footprint and high reliability,” along with their “low emissions and low maintenance needs…” Following a…

June 2, 2023
U.S. ‘Well Supplied’ for Summer Natural Gas Demand, with Lower Prices, Says NERC 

U.S. ‘Well Supplied’ for Summer Natural Gas Demand, with Lower Prices, Says NERC 

An estimated two-thirds of the people living across wide swaths of the United States and parts of Canada are facing elevated risks from “insufficient operating reserves” for power generation this summer, as extreme heat and maintenance disruptions breach an abundance of natural gas supply, according to the North American Electric Reliability Corp. (NERC). In its…

May 19, 2023
EPA Proposal Calls for Natural Gas, Coal Power Plants to Curb Emissions with CCS or Hydrogen

EPA Proposal Calls for Natural Gas, Coal Power Plants to Curb Emissions with CCS or Hydrogen

The Environmental Protection Agency (EPA) has proposed rule changes designed to substantially reduce greenhouse gas (GHG) emissions from natural gas and coal-fired power plants. The updates would strengthen the New Source Performance Standards (NSPS) for newly built gas-fired combustion turbines, and establish guidelines to curb carbon dioxide (CO2) emissions from existing coal and gas-fired steam-generating…

May 12, 2023
Near-Record Natural Gas Power Burns and Higher Prices Expected This Summer, EIA Says

Near-Record Natural Gas Power Burns and Higher Prices Expected This Summer, EIA Says

Domestic natural gas consumption for power generation this summer will be among the highest on record, second only to last summer, according to projections from the Energy Information Administration (EIA). In its latest Short-Term Energy Outlook (STEO), published Tuesday, the agency said it expects U.S. natural gas consumption for electricity generation to average 38 Bcf/d…

May 9, 2023