Build to Order

Engineers and constructors adapt to serve an industry in transition.

From gas pipelines to PV arrays, the nation’s contractors are seeing growth in utility infrastructure. Fortnightly talks with executives at engineering and construction firms to learn what kinds of projects are moving forward, where they’re located, and what lies over the horizon.

No Fuel, No Power

Lessons from New England on electric-gas market coordination.

Despite the hype about cheap gas, pipeline constraints are creating new risks. New England’s wholesale power prices ran three times as high this past February compared to the same month in 2012.

Transactions (April 2013)

February was a quiet month for debt issues, with asset sales and equity issues dominating the market. Deals by NextEra, Sempra, SRP, Dominion, TransCanada, and others totaled at least $2.4 billion.

People (April 2013)

Southern Company makes changes in operations and power subsidiaries; Michael Chesser to leave KCPL board; Dynegy names new e.v.p.; Rolando Pablos resigns from Texas PUC; In Memoriam: Kris R. Nielsen.

Elevated Risk

In an open letter to directors, IBM’s energy security lead recommends appointing a senior executive with authority to effect cultural change.

Achieving security requires a new office in the C-suite. An open letter to utility directors.

No Going Back

Free markets are not a fad.

Half-hearted deregulation hobbles the forces of supply and demand before they can get out of the gate.

Dynegy to Acquire Ameren Energy Resources

Dynegy subsidiary Illinois Power Holdings agreed to acquire Ameren Energy Resources and its subsidiaries Ameren Energy Generating, AmerenEnergy Resources Generating, and Ameren Energy Marketing. Upon closing, Dynegy will own more than 8,000 MW of generating capacity in Illinois, and nearly 14,000 MW nationally. The AER retail and marketing businesses and the following plants are included in the transaction: Duck Creek, Coffeen, E.D. Edwards, Newton, and Joppa. The deal is expected to close in the fourth quarter of 2013.

Georgia Power Pours Concrete for New Vogtle Reactor

Georgia Power completed placing basemat structural concrete for the nuclear island at its Vogtle Unit 3 nuclear project. The utility is building two new reactors at the Plant Vogtle site near Waynesboro, Ga. The full outlines of both nuclear islands have been completed to grade level. The first components for erecting the Unit 3 containment vessel are completed and staged for installation once the basemat concrete has cured, including the Unit 3 containment vessel bottom head.