ExxonMobil will ‘still be producing oil and gas’ in 2050: CEO May 7, 2024 ExxonMobil (XOM) will still be producing oil and gas in 2050, the energy company’s CEO told Yahoo Finance on Monday, but fossil fuels will likely be a smaller part of the business. Darren Woods told Yahoo Finance’s Brian Sozzi and Akiko…
PJM predicts adequate resources to meet hotter, wetter summer demand May 06, 2024 Valley Forge, Pa.-based PJM Interconnection said Thursday it anticipates having enough resources to meet electricity demand for what weather forecasters say will be a hotter and wetter summer. In a release, the operator of the nation’s largest electrical grid said despite generator…
Coal-Fired Mill Creek Generating Station Readies for New 7HA.03 Gas-Fired Unit Apr 30, 2024 Louisville Gas and Electric Co. and Kentucky Utilities Co. (LG&E and KU) will replace two aging coal generation units at Mill Creek Generating Station in Kentucky—a combined 600 MW—with a 645-MW GE Vernova hydrogen-ready 7HA.03 gas turbine. GE Vernova announced the…
AI could drive a natural gas boom as power companies face surging electricity demand MAY 5 2024 Natural gas producers are planning for a significant spike in demand over the next decade, as artificial intelligence drives a surge in electricity consumption that renewables may struggle to meet alone. After a decade of flat power growth…
Anger builds over sweeping change in the way most Californians will pay for electricity May 7, 2024 With little debate two years ago, state lawmakers passed a complex energy bill that enabled a sweeping change in how most Californians are billed for electricity. The legislation was what Pacific Gas & Electric had asked for from…
Duluth electric utility owner Allete sold for $6.2 billion May 6, 2024 A Canadian pension board and a New York-based investment firm have agreed to purchase Allete, the parent company of Duluth-based utility Minnesota Power, for $6.2 billion. The partnership paid $67 per share to acquire Allete and plans to take the company private, pending…
Replacing old coal-fired plants with small nuclear reactors could be an economic boon Energize Weekly, May 8, 2024 The steady pace of coal-fired plant closures in the U.S. is leaving gaps in the economies of dozens of communities and creating risks to electricity reliability. One solution addressing multiple problems could be replacing coal with nuclear…
Where Are America’s Most Vulnerable Bridges? April 29, 2024 Hundreds of aging “fracture critical” bridges across the US are in poor condition, according to federal data. But weighing their needs and safety risks is a challenge. On any given day, motorists make some 87,000 trips across the Calcasieu River Bridge, which carries Interstate 10 over…
Philadelphia begins powering City Hall and the airport by a solar array 100 miles away APRIL 29, 2024 Philadelphia has begun pulling large amounts of power for city-owned buildings from a solar array on farmland near Gettysburg. The project, begun nearly six years ago under former Mayor Jim Kenney, started producing electricity specifically for the…
Interconnection reform needed to keep transmission upgrades moving, industry report says April 29, 2024 If the clean energy transition is to pick up speed, and transmission upgrades are to continue, the way interconnection works – from funding on up – needs to change, according to a new whitepaper from the Solar and Storage Industries Institute…
States rethink data centers as ‘electricity hogs’ strain the grid APRIL 30, 2024 State Sen. Norm Needleman championed the 2021 legislation designed to lure major data centers to Connecticut. The Democratic lawmaker hoped to better compete with nearby states, bring in a growing industry, and provide paychecks for workers tasked with building the sprawling server…
G7 offers leeway to Germany, Japan in deal to quit coal by 2035 April 30, 2024 Energy ministers from the Group of Seven (G7) major democracies agreed on Tuesday to end the use of coal in power generation during the first half of the next decade, but gave leeway to Germany and Japan whose economies…
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