American Electric Power on Sept. 14 said that it has signed an agreement to sell four competitive power plants totaling approximately 5,200 megawatts for approximately $2.17 billion to a newly formed joint venture of Blackstone and ArcLight Capital Partners LLC.
The American Public Power Association and the American Public Gas Association are supporting the City of Clarksville, Tennessee, in a court case that seeks to overturn recent orders by federal energy regulators under the Natural Gas Act.
A new report from the National Renewable Energy Laboratory sees continued growth of both natural gas-fired generation and renewable energy resources, but notes that the outlook for continuing low cost natural gas could challenge the economics of renewable resources.
A California appeals court recently affirmed a California Public Utilities Commission decision that approved a power purchase tolling agreement under which San Diego Gas & Electric will receive power supplies from an NRG Energy Carlsbad Energy Center power plant located in Carlsbad, California.
Average wholesale power prices at major trading hubs across the U.S. during the first quarter of 2016 were significantly lower than during the same period in 2015, ranging from 24% lower in California to 64% lower in New England, the Energy Information Administration said on Jan. 11.
Ohio-based FirstEnergy Corp. on Jan. 19 said it has entered into an agreement to sell four competitive natural gas generating plants in Pennsylvania and its competitive portion of a Virginia hydroelectric power station to a subsidiary of LS Power Equity Partners III LP.