gas generation

Vistra Corp. has agreed to acquire seven natural gas power plants totaling 2,557 MW from Lotus Infrastructure Partners for $1.9 billion, as part of a strategy to meet surging U.S. electricity demand and expand its competitive generation portfolio. The deal, announced on May 15, is valued at approximately $743 per kilowatt and includes five combined […]

Drought in California could nearly halve the state’s hydroelectric generation this summer, pushing up wholesale power prices in the West, and forcing the state to rely on natural gas generation and out-of-state imports, the Energy Information Administration (EIA) projects in a new analysis. The EIA suggests in a supplement to its May 2022–released Short-Term Energy Outlook […]

OPG Reaches First Criticality at Darlington 2, Delays Work at Unit 3. Ontario Power Generation’s (OPG’s) Darlington Unit 2 reactor, the first of four reactors the company is overhauling at the Darlington

Israeli Group Supports Construction of 1.3-GW Gas-Fired Plant. The Israeli National Infrastructure Committee on Nov. 4 approved a plan to build Israel’s largest privately run power plant, saying the facility

Increasingly, today’s electric power grids are interacting with microgrids and in more complex ways. Yet, much work needs to be done to integrate microgrids and flexible demand into the wide-area synchronous

Rain and snow has returned to California, ending the record-setting drought with record-setting precipitation. The drought led to forest fires, dead orchards, and brown lawns. It also took a big bite out of ratepayers’ wallets and increased global warming emissions, due to the loss of low-cost, zero-emission hydropower. In a study released April 26 by […]

The owner of a merchant 1,022-MW combined cycle natural gas–fired power plant in California has filed for bankruptcy protection, citing regulatory policies and market forces that have depressed revenues. La Paloma Generating Co. on December 6 filed for U.S. Chapter 11 bankruptcy, blaming a debt of $524 million that it racked up even though its four-unit […]

European Union (EU) officials have approved General Electric’s (GE’s) $9.5 billion acquisition of Alstom’s power business, but conditions to which the two companies agreed to cement the deal will drastically reshape the world’s heavy-duty gas turbine market.  The European Commission, the 28-country union’s executive body, granted its approval to the much-watched proposed merger, but only […]