Refilling the pipeline OIL’S plunge may have helped consumers, but it has hurt big private-equity firms. Earlier this month Apollo Global Management announced that profits were down by 79% year on year in the three months to December 31st. This week KKR and the Carlyle Group said they were smarting too, with KKR’s profits down … Continue reading Refilling the pipeline
Ohio utility ‘bailouts’ could impact capacity market Papers filed last week by FirstEnergy in one of Ohio’s utility “bailout” cases suggest how approval of the plans could potentially give companies an edge in upcoming capacity auctions for the PJM grid area. The proposals could mean more profits for utilities and their affiliated coal and nuclear … Continue reading Ohio utility ‘bailouts’ could impact capacity market
MISO real-time load 91,475 (08:25), tomorrow forecasted morning peak 94,090
NYISO restructures leadership team The New York Independent System Operator’s (NYISO’s) board of directors announced the extension of President and CEO Stephen Whitley’s contract through mid-2016 when he will retire, capping a 46-year career in the energy industry, including eight years as NYISO president and CEO. The board also announced the promotion of two key … Continue reading NYISO restructures leadership team
Apple Commits $848M to Solar Farm Energy Deal Apple is continuing its efforts to be one of the greenest companies on the planet with a major new commitment to solar energy. The Cupertino tech giant will buy $848 million worth of energy — enough to power nearly 60,000 homes — from a massive new solar … Continue reading Apple Commits $848M to Solar Farm Energy Deal
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FERC approves Constitution pipeline to move Marcellus gas northeast The Marcellus and Utica natural gas plays have made headlines for years, but moving the gas to end users to the East has not been easy due to a limited pipeline capacity. The Federal Energy Regulatory Commission has approved Constitution pipeline. Several other pending projects also … Continue reading FERC approves Constitution pipeline to move Marcellus gas northeast
EIA sees natural gas price below $4/MMBtu through 2016 Natural gas prices are expected to remain depressed below $3.00/MMBtu in 2015 and below $4.00/MMBtu in 2016 as marketed natural gas production reaches record highs and consumption continues to lag. The Henry Hub spot price will average $3.05/MMBtu in 2015, $1.34/MMBtu lower than in 2014 and … Continue reading EIA sees natural gas price below $4/MMBtu through 2016
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