Mexican state oil company Pemex placed a bond of $2 billion in the international debt markets in line with operating and marketing measures unveiled in September to lower the company’s budget deficit for this year by about 38 percent, according to the company’s Oct. 16 news release. The bond, with a 10-year maturity period, yields…
PJM Interconnection LLC’s board of managers initiated an independent investigation into GreenHat Energy LLC’s default in the grid operator’s financial transmission rights or FTR market, according to an Oct. 16 news release. FTR is a financial product that allows market participants to hedge the costs of day-ahead transmission congestion. GreenHat, a Texas-based financial trading company,…
NV Energy Inc. issued a request for proposals for projects of at least 20 megawatts to add 350 megawatts or more renewable energy capacity in Nevada, according to the company’s Oct. 16 press release. The solicitation is open to solar, geothermal, wind, biomass and biogas technologies that comply with the state’s renewable portfolio standards. The…
The Trump Administration enacted the largest tax cut in over 30 years in 2018. The historic reductions are having a seismic impact on dozens of investor-owned electric utilities across the nation, leaving them with billions of dollars in over-collected revenues and slashing the rates they can charge consumers. EnerKnol’s first-of-its-kind report provides a comprehensive snapshot…...
The U.S. shale revolution which kicked off a decade ago ushered in a new era for natural gas which has reshaped the power grid overtaking coal as the dominant source of electricity generation and established a thriving market for liquefied natural gas exports. The U.S. has remained the world's top producer of natural gas since 2009, and natural gas accounts for a third of all U.S. electricity generation. Last year, the U.S. became a net natural gas exporter for the first time in almost 60 years. The trend is expected to continue with growing production, increasing export capacity, and expanding gas infrastructure.