Dominion Energy Considers Sell of Cove Point
As Dominion Energy looks to reverse several years of underperforming stocks, the utility reportedly may sell its shares in the Cove Point liquefied natural gas facility in Maryland’s Chesapeake Bay.
Energy News: DTE plan calls for early coal plant retirement, more renewables.
Detroit-based DTE Energy plans to invest $9 billion over the next decade to “drastically transform” its generation mix, including retiring its largest coal plant 12 years earlier.
NAERC Releases Roadmap For Thousands of Megawatts
The North American Electric Reliability Corp. (NAERC) releases a roadmap of steps needed to add tens of thousands of megawatts of distributed energy resources to the power system through 2031. https://www.utilitydive.com/news/nerc-warns-of-cybersecurity-reliability-risks-DER-strategy/635673/
ScaleCo Announces Investment and Partnership with TPI Efficiency
November 3, 2022 ScaleCo Management LLC is pleased to announce its investment in, and partnership with, Total Procurement Intelligence (“TPI Efficiency”). This is ScaleCo’s 22nd platform investment and third investment from ScaleCo Fund IV. Headquartered in Cleveland, TPI Efficiency was founded in 2009 by Mr. Roger Zona. Zona has developed TPI Efficiency into a robust…
Ohio: Forever Chemicals
A public health advocacy group says PFAS “forever chemicals” in Ohio oil and gas wells threaten drinking water supplies as industry groups downplay a recent study.
Market Snapshot: Monday, October 31, 2022
Natural Gas Key Takeaways Prompt month NYMEX natural gas settled at $5.20/MMbtu on Monday, October 24, up $.24/MMbtu. After several very bearish sessions, near-month (November) NYMEX futures reversed direction on Monday, settling higher at the end of the day. Prompt-month NYMEX traded up $.16/MMbtu in early morning trading at $5.37/MMbtu. Calendar year 23-27 settled at…
Dayton, Ohio: Large-Scale Solar
Large-scale solar development is a key consideration in a southwestern Ohio county’s future planning document. More >>
Private Equity Buying Up Aging Coal and Gas Assets
Environmental advocates fear that investors’ push for oil and gas companies and utilities to reduce carbon emissions has led to the sale, and potentially prolonged use, of their fossil fuel assets.