Dec 12 (Reuters) – A recent rise in U.S. natural gas prices
is set to further dent demand for gas as utilities are expected
to use more coal to generate power, energy traders said on
The relative price difference between NYMEX Central
Appalachian coal and NYMEX Henry Hub gas has
widened to more than $2 per million British thermal units for
the first time since early July 2010, according to Reuters data.
NEW YORK/LONDON, Nov 22 (Reuters) – U.S. bank Goldman Sachs
Group Inc has put its uranium trading business up for
sale, a source familiar with the matter said on Friday, the
latest sign that Wall Street’s most storied commodity trader is
paring back parts of the business.
The move comes as other U.S. banks, including JPMorgan Chase
& Co and Morgan Stanley, look to exit physical
commodity trading in the wake of increased government scrutiny,
squeezed trading margins and forecasts for tepid demand in
Nov 22 (Reuters) – New Jersey has appealed a federal
district court decision overturning a state law that subsidizes
the construction of new natural gas-fired power plants in the
The appeal filed on Thursday with the U.S. Court of Appeals
for the Third Circuit creates more uncertainty for generators
already contending with many changes in the PJM (the former
Pennsylvania-New Jersey-Maryland) power grid and across the
nation, electricity traders said.
Nov 21 (Reuters) – U.S. federal energy regulators imposed
more than $304 million in fines against energy companies in
fiscal 2013 primarily for market manipulation and false
It was the highest yearly total, according to Reuters data.
The Federal Energy Regulatory Commission (FERC) on Thursday
said its enforcement division staff in fiscal 2013 also forced
companies to disgorge an additional $141 million in unjust
Nov 21 (Reuters) – Power generating companies installed over
500 megawatts of solar power and over 100 MW of wood waste and
other biomass type fuels in the United States in October,
according to a report by federal energy regulators.
Since the beginning of 2013, the U.S. Federal Energy
Regulatory Commission (FERC) said the generating companies have
installed over 6,600 MW of natural gas capacity, 2,500 MW of
solar power, 1,500 MW of coal-fired generation, and 1,000 MW of
Nov 14 (Reuters) – U.S.-owned electric company Tennessee
Valley Authority (TVA) said Thursday its board of directors
approved a plan to retire eight coal-fired power units at three
sites in Alabama and Kentucky that together can generate more
than 3,000 megawatts.
The company also said in a statement it would invest about
$1 billion to build a new natural gas-fired power plant at its
Paradise plant in Kentucky.
Nov 8 (Reuters) – Average electric demand in New England is
expected to remain flat over the next 10 years due to increased
use of energy efficiency programs, the power grid operator for
the six-state region said on Friday.
“When the effects of energy efficiency are included, the
forecast shows essentially no long-run growth in electric energy
use and 0.9 percent annual growth in annual summer peak demand,”
ISO New England said in a release.
HOUSTON (Reuters) – Power companies operating in competitive U.S. power markets are struggling to make money under rules and regulations that were not designed for the rapidly changing electricity landscape, a top power company executive said on Wednesday.
Abundant natural gas that has lowered fuel prices, mandates for more renewable power, and outdated market rules have squeezed profits for merchant power generators – all but eliminating prospects for new investment, Stefaan Sercu, chief executive of GDF Suez Energy Marketing NA Inc, told the Reuters Global Commodities Summit in Houston.
Nov 1 (Reuters) – OGE Energy Corp’s Oklahoma Gas and
Electric (OG&E) utility said Friday it may have to spend about
$1 billion to upgrade emission controls at its two coal-fired
power plants after a federal appeals court decision Thursday.
The U.S. 10th Circuit Court of Appeals denied Oklahoma’s
request for a rehearing to determine if the U.S. Environmental
Protection Agency acted appropriately in rejecting the state’s
haze plan to address visibility at national parks and wildlife
Oct 30 (Reuters) – U.S. power company Southern Co
delayed the planned start-up date of its 582-megawatt Kemper
coal-fired power plant in Mississippi to the fourth quarter of
2014 and boosted the estimated cost of the project again, to
Southern said in a federal filing late on Tuesday that its
Mississippi Power unit had revised the start-up date due to
“lower-than-planned installation levels for piping as well as
abnormally wet weather.”