Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, October 30, 2015

Power Engineering ENewsletter Top Stories


Top Stories
GE's Alstom Takeover Closing Nov. 2
The $9.3 billion deal will see Alstom's power assets join GE Power & Water -- already GE's largest manufacturing unit and the world's top gas turbine manufacturer.
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DC Regulators to Reconsider $6.8 Billion Exelon-Pepco Merger
In August, the D.C. Public Service Commission unanimously rejected the $6.8 billion proposal, saying both companies failed to show how the merger would benefit the district’s citizens. On Wednesday, commissioners decided to reconsider the deal now that it has the blessings of city officials.
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Siemens Supplying Turbines for 1,124-MW Pennsylvania Combined-Cycle Project
Replacing the retired Sunbury coal-fired plant, Hummel Station is the seventh U.S. project Panda Power Funds has awarded Siemens and the third in Pennsylvania.
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CB&I Sells Nuclear Construction Unit to Westinghouse; Fluor Takes Over US Projects
Westinghouse Electric Co. will take over the nuclear construction business of CB&I for $229 million, and Fluor was picked to continue building the four AP1000 reactors in Georgia and South Carolina.
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Industry News
House Votes to Reinstate Ex-Im Bank; Senate Vote Next
The bank helps give funding to support the export of U.S. goods and services and was considered a major economic help to the nuclear industry. The charter lapsed July 1, 2015.
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Siemens Receives 1st Order for 7-MW Offshore Wind Turbines
The company will manufacture and install 47 direct-drive wind turbines in the Walney Extension East project, to be built about 12 miles off the British west coast in the Irish Sea.
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Southern Company, AGL Resources Seek Merger Approval
Southern Company and AGL Resources are asking Virginia state regulators to approve their proposed $7.93 billion merger.
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AEP Names New Executives at Michigan's Cook Nuclear Plant
American Electric Power has named Joel P. Gebbie senior vice president and chief nuclear officer of the Donald C. Cook Nuclear Plant in Bridgman, Michigan. His successor, Larry Weber, is retiring after 17 years with the company and nearly four decades in the industry.
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Industry Trends
Henry Hub Average Natural Gas Spot Prices
The Henry Hub is the pricing point for natural gas futures contracts. Here's a look at how prices have changed up to Oct. 21, 2015.
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Federal Reserve Bank of Dallas' Economic Indicators
The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestically and internationally.
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EIA’s Weekly Coal Production Report
The U.S. Energy Information Administration has released its coal production report for the week ending Oct. 24, 2015.
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