What FERC might learn from Thomas Piketty and his best-selling book on wealth and income.
Wisconsin Energy to acquire Integrys in a transaction valued at $9.1 billion; Dominion to acquire the CID Solar Project from EDF Renewable Energy; Landis+Gyr to acquire GRIDiant Corp.; PPL Corporation and Riverstone Holdings LLC to merge merchant power generation businesses into a new company Talen Energy Corporation; plus debt offerings totaling $1.5 billion.
A new front opens in the solar wars.
New York Governor Andrew M. Cuomo awarded $3.3 million to seven research teams to develop technologies that add resiliency and efficiency to New York State's electric grid.
SunEdison acquired the 156-MW Comanche Solar project from renewable energy developer Community Energy. SunEdison is partnered with Community Energy to complete the final development stage of the project by structuring the financing and providing procurement expertise for the project, following which SunEdison will manage the construction, operation, and maintenance of the solar power plant. Construction will begin in 2015 with commercial operation targeted for early 2016.
AEP Energy began installation of a 101-kW solar array on the roof of The Ohio State University's Student Life Recreation and Physical Activities Center (RPAC). AEP Energy will fund, build, own and operate the approximately 10,000-square-foot array, made up of 367 solar panels. The solar array is valued at approximately $400,000, and the electricity produced by the array – approximately 116,000 kWh annually – will be supplied to Ohio State at a rate of $.04 per kWh throughout the next eight years.
The Sacramento Municipal Utility District obtained a 50-year renewal to operate its hydroelectric projects on the upper American River. The utility operates 11 reservoirs and eight powerhouses in the upper American, which generate 688 MW of electricity, representing about 15 percent of SMUD’s annual power. Part of the new license from FERC calls for SMUD to make some changes. The utility will make several recreational upgrades to reservoirs and it will increase the volume of water it releases into streams.
SheerWind announced field tests of multiple turbines used in a row or series has even greater electrical power output. The INVELOX system, a new concept in wind power generation, is a large funnel that captures, concentrates, and accelerates wind before delivering it to turbines located at ground level. By placing 2 turbines in a series in an INVELOX system, power showed an increase of 1.7X when compared to single turbine.