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KGOU: The nation’s largest wind energy project located in western Oklahoma is nearing completion. The 999-Megawatt Traverse Wind Energy Center is expected to commence operation sometime in April. Sustainable energy company Invenergy secured financing for the project in March of last year — now it’s getting ready to flip the switch. The Traverse project is […]
Reuters: Exxon Mobil (XOM.N) on Tuesday launched the sale of shale gas properties stretching across 27,000 acres in the Appalachian basin of Ohio, the company confirmed, part of an ongoing divestiture of U.S. assets. The top U.S. oil producer is marketing 61 wells that last year produced around 81 million cubic feet per day equivalent […]
Wall Street Journal ($): Companies are poised to install record amounts of batteries on America’s electric grid this year, as government mandates and a steep decline in costs fuel rapid growth in power storage. The U.S., which had less than a gigawatt of large battery installations in 2020—roughly enough to power 350,000 homes for a […]
Associated Press: Climate change isn’t what’s driving some U.S. coal-fired power plants to shut down. It’s the expense of stricter pollution controls on their wastewater. Dozens of plants nationwide plan to stop burning coal this decade to comply with more stringent federal wastewater guidelines, according to state regulatory filings, as the industry continues moving away […]
The Columbus Dispatch: American Electric Power, one of the nation’s biggest power generators, says it remains on track to get half of the electricity it produces from renewable sources by 2030 as it continues to move away from coal. Columbus-based AEP also says it remains on track to reduce its emissions of carbon dioxide by […]
Huffington Post: Oklahoma’s biggest natural gas utility could soon charge customers who switch to electric stoves and heating systems an “exit fee” of nearly $1,400 to disconnect service, HuffPost has learned, setting a precedent that could help the industry lock millions of Americans into fossil fuel use for decades. The proposal is part of a […]
Washington Post ($): The proportion of electricity the United States gets from solar and wind nearly quadrupled between 2011 and 2020. While geothermal generation remained relatively flat, the three technologies combined for an annual increase of nearly 15 percent over that stretch. Those findings come from a report released Tuesday by the nonprofit Environment America […]
Argus Media: Cleco and US power producer American Electric Power (AEP) subsidiary Southwestern Electric Power (SWEPCO) will retire the Dolet Hills coal-fired power plant in Louisiana at the end of this year, five years ahead of schedule. Cleco and SWEPCO expect to retire Dolet Hills on 31 December as part of their efforts to reduce […]
Bloomberg ($): The U.S. installed a record amount of wind-generating capacity last year, adding nearly 17,000 megawatts of power on land, according to an Energy Department report being released Monday. Wind energy’s share of total utility-scale generating capacity in the U.S. was only 11% in 2020, behind natural gas at 43% and nuclear and coal […]
Wall Street Journal ($): Energy companies are raising money again from Wall Street at superlow borrowing costs, thanks in part to higher oil prices. The one thing most investors don’t want them to do with it is pump more crude. Speculative-grade energy companies, including oil producers, pipeline operators and refineries, have issued bonds in the […]
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IEEFA U.S.: As oil and gas wane, Texas wind industry ascends
Case study Nolan County: Strengthening jobs, economic development, tax baseAugust 10, 2020 (IEEFA) — The wind industry in West Texas continues to create jobs, increase local tax revenues and drive economic development in an area known historically for its boom-and-bust oil cycles, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report—As Oil and Gas Wane, Texas […]