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Electric Grid Upgrade Set to Strengthen Service and Speed Restoration in Monmouth County
Prnewswire· 2025-12-15 18:57
Built to Power the Future Additional Local Upgrades Underway This project is part of a $1.6 million investment to make the electric system stronger and more reliable for Northern Monmouth County. Here's what's happening: An additional $36 million project is upgrading aging insulators – the parts that keep power lines securely attached to poles – along 76 miles of lines in Monmouth, Essex, Hunterdon, Middlesex and Morris counties. Upgrading these aging components, some of which are more than 40 years old, lo ...
Georgia Power receives turbine and generator for new Unit 9 at Plant Yates
Prnewswire· 2025-12-15 17:00
Progress continues on new Units 8 and 9 as expansion moves forward to meet Georgia's growing energy demand Natural gas is also a part of the ongoing all-source RFP certification filing with the PSC. The filing includes the request to certify five new combined cycle (CC) units, totaling 3,692 MW, to be strategically located across the state to help ensure grid stability and reliability and support the state's economic growth in the coming years. The units are proposed to be placed at Plants Bowen, McIntosh a ...
On the tentative award of a Polish capacity mechanism quarterly auction for 2030 to Ignitis Gamyba
Globenewswire· 2025-12-15 14:00
AB “Ignitis grupė” (hereinafter – the Group) informs that its subsidiary AB “Ignitis gamyba” (hereinafter – the Company) is to ensure the availability of at least 148 MW capacity in the market in 2030 for around EUR 14.7 million in accordance with the preliminary results of the Polish capacity mechanism quarterly auction for ensuring capacity availability in 2030 (hereinafter – the Auction), conducted by the Polish transmission system operator Polskie Sieci Elektroenergetyczne (hereinafter – PSE). The Group ...
ALLETE Board of Directors Declares Stub Period Dividend on Common Stock
Businesswire· 2025-12-15 11:40
DULUTH, Minn.--(BUSINESS WIRE)--On Dec. 14, 2025, the board of directors of ALLETE, Inc. (NYSE:ALE) (the Company) declared a "stub period†dividend, subject to the consummation of the merger, in an amount equal to $0.008 per share of Company common stock (which reflects the most recent regular quarterly dividend rate of $0.73 per share, divided by 91 days) multiplied by the number of days from and including August 16, 2025, the day after the record date for the most recent regular quarterly common stock divi ...
ISO-NE opposes refund to BP Energy Retail Co. for $6M in billing errors
Yahoo Finance· 2025-12-15 09:31
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. ISO New England opposes BP Energy Retail Co.’s effort to recoup nearly $6 million in excess funds it paid due to faulty meter data from a third-party provider, the grid operator said in a Friday filing at the Federal Energy Regulatory Commission. While ISO-NE is “sympathetic” to the issues the retail power provider is facing with NSTAR Electric, which provides BP’s ...
Entergy Texas advances STEP Ahead plan to meet Southeast Texas' growing power needs
Prnewswire· 2025-12-12 18:06
Highlights this year that benefit Entergy Texas' customers include: PUCT approves Cypress to Legend 500 kV transmission line, marking completion of all major project approvals for the year – to benefit all customers THE WOODLANDS, Texas, Dec. 12, 2025 /PRNewswire/ -- As Southeast Texas experiences rapid growth, Entergy Texas is investing in a stronger, more reliable power grid to support the region's expanding communities and economy. Through its long-term Southeast Texas Energy Plan, known as STEP Ahead, t ...
Texas electricity providers draw on variety of sources
Dallasfed.Org· 2025-12-12 16:13
Company Overview - Vistra Corp. is the largest competitive power producer in the U.S., operating around 60 generating plants, with approximately half of its output serving Texas, meeting about 25% of the state's electricity needs [1][2] - The company serves 5 million homes and businesses nationwide, with a workforce of about 7,000 employees [1] Market Dynamics - Texas has the 10th-largest power market globally, accounting for about 10% of the U.S. electric grid, and has pursued a more competitive market structure than other states [3][4] - Since 2000, Texas has attracted over $100 billion in capital for power generation, with no costs passed onto customers [5][6] - The Texas electricity market allows for open access, enabling the construction of various types of power plants without needing prior approval from the Public Utility Commission [4][5] Grid Resilience and Changes - Following the February 2021 freeze, Texas implemented Senate Bill 3 to enhance winterization and emergency preparedness for utilities [6][7] - The grid has seen an increase in battery and solar energy integration, which can help during winter days, but challenges remain in ensuring reliability during extended cold spells [8][9] - The ERCOT system lacks a reserve and capacity market, which are present in other states, raising concerns about grid redundancy and reliability [9][10] Demand Trends - Texas has experienced a 5-6% growth in energy demand over the past two to three years, with data centers and industrial customers adapting their energy usage based on grid conditions [15][16] - The consumption of power by data centers could rise from 3-4% to 9-10% of total consumption, driven by increased electrification and demand from various sectors [18][19] Nuclear Power and Future Outlook - Texas operates two nuclear plants, with one recently relicensed to operate into the 2050s, providing reliable energy generation [21][22] - The cost of building new nuclear facilities remains high, but there is potential interest from large tech companies for carbon-free generation options [24][26] Price Trends and Market Challenges - Electricity prices have been rising across the U.S., with Texas not experiencing the same level of increase as other states, although the trend is concerning [26][27] - The retirement of coal plants and challenges in building new assets in other states have contributed to tighter supply and demand dynamics, leading to price pressures [28][29] - The Texas Energy Fund aims to incentivize gas plants amid rising construction costs and increased renewable penetration, highlighting the need for a balanced energy strategy [31][32]
Can DUK's Massive Clean Energy Investments Drive Long-Term Growth?
ZACKS· 2025-12-12 16:01
Key Takeaways DUK is investing heavily in renewables and grid upgrades to advance its decarbonization goals.DUK plans $190-$200B over the next decade, with large commitments to clean energy projects.DUK joined a $400M DOE initiative to accelerate SMR deployment using the BWRX-300 design.Duke Energy (DUK) is investing heavily in renewable energy and modernizing its power grid, which strengthens its ability to meet long-term decarbonization goals while supporting new electricity demands. These upgrades make i ...
Hitachi Energy UK inks MoU with Omexom to speed up grid connections in UK
Yahoo Finance· 2025-12-12 10:59
Hitachi Energy UK has entered into a memorandum of understanding (MoU) with Omexom to speed up high-voltage grid connections in the UK by partnering on the delivery of Integrated GIS Applications (IGA) for grid infrastructure. The partnership aims to support major electricity infrastructure and grid connections for renewable energy projects, data centres, and other essential facilities in the UK. The agreement combines Hitachi Energy’s grid technologies expertise with Omexom’s experience as an engineeri ...
Duke Energy: I Am Buying The Recent Dip (NYSE:DUK)
Seeking Alpha· 2025-12-12 09:19
Within the context of an increasingly unpredictable market, I am looking to gradually increase my position in defensive stocks with a decent dividend. My strategy is to look for relatively safe investments. I intend to furtherAnalyst’s Disclosure:I/we have a beneficial long position in the shares of DUK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no ...