TOP HEADLINES

TVA to retire Allen coal plant

TVA, one of the nation's largest utilities, has steadily been making the transition away from coal in favor of renewables like solar and wind power, and increased energy efficiency, as it maps out its next Integrated Resource Plan (IRP) for the next 20 years. 

Hydraulic fracturing services showing strong growth

North America is expected to see strong growth in hydraulic fracturing services through 2016 due to robust drilling and completion (D&C) activity, according to PacWest Consulting Partners, with frack pricing increases expected through 2015. 

Shale oil production up in July

Bentek research revealed that from July 2013 to July 2014, total U.S. crude oil production increased more than 1.5 million b/d. Crude oil production in the North Dakota section of the Bakken shale formation of the Williston Basin averaged nearly 1.2 million b/d in July -- 280,000 b/d higher than the July 2013 level, according to Bentek.

SRI leveraging renewables in carbon fiber research

The U.S. Department of Energy (DOE) has selected Southern Research Institute (SRI) for an award of up to $5.9 million to advance production of high-performance, low-cost carbon fibers from biomass. The DOE award will fund development of a multi-step catalytic process for conversion of sugars from non-food biomass to acrylonitrile -- a key precursor in the production of carbon fiber.

Dynegy to buy Duke Midwest generation business for $2.8B

Dynegy will buy Duke Energy's non-regulated Midwest commercial generation business in a $2.8 billion cash transaction, which includes ownership interests in numerous power plants and the company's competitive retail business in Ohio. As a result, in the third quarter Duke Energy will recognize an approximately $500 million pre-tax reversal of the $1.4 billion impairment previously recognized in 2014.

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FierceSmartGrid

The wholesale electric energy and capacity markets of the 13 states and the District of Columbia managed by PJM Interconnection produced competitive results during the first six months of 2014, according to the 2014 State of the Market Report for PJM by Monitoring Analytics, LLC, the Independent Market Monitor for PJM.

FierceSmartGrid

The HVTS market will see tremendous capital investment over the next 10 years (exceeding $250 billion from 2014 to 2023), as the infrastructure that was installed in the post-World War II era ages out, coal and nuclear generation is retired, and new utility scale renewable wind and solar generation is installed in remote areas.