U.S. power grids face their first major test of the summer this week as a heat wave brought extreme temperatures and humidity to much of the country. https://t.co/W34qziYIiz ...

Well, unfortunately, we're not dry, Tom, and that's why it's going to be so uncomfortable today. The two points across much of the eastern United States now are exceeding 70 degrees. So when you add that to an air temperature of 100, you end up feeling about 105 to 110.You can see from more or less what's taking place over the next couple of days over the eastern United States. We're dealing with heat advisories that extend from Louisiana and Mississippi all the way into the southern Great Lakes, western an ...

Company encourages customers to take time to prepare for above-average Atlantic Hurricane season;Hurricane Helene response underscores importance of preparation and readiness ATLANTA, June 6, 2025 /PRNewswire/ -- With June 1 marking the official start of the 2025 Atlantic Hurricane Season, and the National Oceanic and Atmospheric Administration (NOAA) predicting an above-average season (read more), Georgia Power is committed to safely and reliably serving all customers, and prepared to respond to any hurric ...

- [Narrator] Renewable energy, like wind and solar has created a hidden infrastructure problem. The issue is that power grids, which carry electricity to homes and businesses weren't designed for wind and solar. And even though renewables have become a larger part of the overall power supply, grid infrastructure hasn't kept up.It's why some grid experts say renewables contributed to the severity of the blackout across Spain and Portugal in April. So we asked a mechanical engineer with over 15 years of exper ...

Investment Rating - The overall investment rating for the global power grid equipment sector is "Buy" for several companies, indicating a positive outlook for expected total returns [19]. Core Insights - Demand for transformers in the US remains strong, driven by data centers, renewable projects, and nuclear power plants, despite the impact of tariffs [2]. - European transformer demand is projected to grow at a 12% CAGR from 2025 to 2030, primarily due to renewable energy projects and data centers [5]. - The Middle East shows significant growth potential for tap changers, with demand expected to rise from 3,700 units annually to 5,500 units by 2030 [10]. - Major global manufacturers are expanding production capacity in Europe to meet rising demand, particularly from Turkey [8]. Summary by Sections US Market - US tariffs significantly affect transformer costs, with 30% of units produced locally and 70% imported [2]. - MR's US factory can meet 95% of local tap changer demand with limited tariff impact [3]. - MR plans to increase tap changer capacity by 1,000 units by the end of 2026, driven by aging infrastructure replacement [4]. European Market - European transformer demand is expected to grow at a 12% CAGR from 2025 to 2030, slowing to around 5% per annum after 2030 [5]. - Increased transformer imports from Turkey are noted, with major manufacturers like Hitachi and Siemens expanding their European production [8]. Global Demand - China leads in transformer demand, followed by Europe, India, and the Middle East [9]. - The Middle East's demand for tap changers is projected to grow significantly, with local production requirements emerging in Saudi Arabia [10]. Delivery and Competition - Delivery times for tap changers vary by region, with the US taking 3-4 months and China 2-3 months [12]. - MR faces competition in India but maintains a strong market position due to quality concerns regarding local suppliers [13].

Core Viewpoint - Vistra Corp. has announced a definitive agreement to acquire seven modern natural gas generation facilities with a total capacity of approximately 2,600 MW from Lotus Infrastructure Partners for $1.9 billion, enhancing its generation footprint in key markets [2][3]. Acquisition Details - The acquisition includes five combined cycle gas turbine (CCGT) facilities and two combustion turbine (CT) facilities located across PJM, New England, New York, and California, diversifying Vistra's natural gas fleet geographically [2][4]. - The purchase price of $1.9 billion translates to approximately $743 per kW, with an expected multiple of about 7x 2026 Adjusted EBITDA, excluding potential synergies [4][7]. - The transaction is expected to deliver immediate benefits to Vistra shareholders, including ongoing operations adjusted free cash flow per share accretion in the first year following closing [4][7]. Financial Aspects - Vistra plans to fund the acquisition through the assumption of an existing term loan from Lotus and cash on hand, with the term loan expected to be around 50% of the total consideration at closing [4][7]. - The company reiterates its capital allocation plan, targeting long-term net leverage of less than 3x, alongside a commitment to return capital to shareholders through $300 million in annual dividends and at least $1 billion in share repurchases each year [7]. Regulatory and Timing - The transaction is subject to regulatory approvals from the Federal Energy Regulatory Commission and the Department of Justice under the Hart-Scott-Rodino Act, with an expected closing date in late 2025 or early 2026 [5]. Portfolio Overview - The acquired portfolio includes the following assets: - Fairless, Pennsylvania: 1,320 MW, CCGT - Manchester, Rhode Island: 510 MW, CCGT - Garrison, Delaware: 309 MW, CCGT - Hazleton, Pennsylvania: 158 MW, CT - Beaver Falls, New York: 108 MW, CCGT - Syracuse, New York: 103 MW, CCGT - Greenleaf, California: 49 MW, CT - Total: 2,557 MW [4]. Company Background - Vistra is a leading integrated retail electricity and power generation company, focusing on reliability, affordability, and sustainability, operating a diverse fleet of energy resources [9].