News

The latest news, project announcements, reports, policy, legislation concerning electricity generation across global power and energy sectors, focusing on renewable energy news, fossil fuel, natural gas, hydrogen, clean energy, nuclear power and energy storage. This news will include digitalisation projects and smart grid developments in the power generation space.

UK

The electricity regulator has said that trading arrangements which allow Scottish regional electricity companies to manage the national grid as well as supply electricity to customers do not comply with the European directive on electricity competition.

TMI sale progresses

GPU Inc. of the US has signed a definitive asset purchase agreement with AmerGen Energy Company for the sale of its Three Mile Island (TMI) Unit 1 nuclear unit. The agreement marks the successful completion of a three month on-site due diligence process by AmerGen personnel.

Fifth NFFO contracts

UK energy minister John Battle has published a list of projects which will generate electricity from renewable resources under the fifth round of the Non-Fossil Fuel Obligation (NFFO). A record 261 projects generating nearly 1200 MW will receive funding from the scheme.

Taipower privatization

The state-run power Taiwan Power Company will expand its capital base to NT$400bn ($11.5bn) from the current NT$300bn in line with privatization. The first issuance of shares is slated for 1999. The market price of stock will be set at NT$10 per share with three shares available to the public.

Market manipulation not found, says FERC

The Federal Electricity Regulatory Commission (FERC) has said that it found no direct evidence of market manipulation in its investigation of the June electricity market crisis. Some questionable practices have been identified, however, including discriminatory practices by transmission system operators.

USA

Duke/Fluor Daniel is to build a merchant 1000 MW combined cycle plant in Paris, Texas under a turnkey contract awarded by Panda Paris Power LP. Operation is scheduled for mid-2000.

Engine troubles

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Reforms pledge level playing field

The UK government has published its white paper on reforming the country`s electricity sector, identifying changes to improve competition and ensure a level playing field for different fuels.

Pakistan

The government has asked the army to take control of its loss making state utility in an attempt to rescue an International Monetary Fund loan vital for staving off a foreign debt crisis.

Enron profit rise

Volatility in the US wholesale market helped Enron Corp. post a 25 per cent increase in third quarter net income to $168m. The company`s wholesale energy operations and services, which includes the trading operation, reported a 60 per cent increase in income over the third quarter last year. Several companies have dropped out of electricity and natural gas trading resulting in decreased competition in the markets.

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