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Energy News

Duke Energy Progress moves on second Asheville-area solar project

Regulators in North Carolina plan hearings in November on a long-promised, 5-megawatt solar project Duke Energy Progress plans as part of its Western Modernization project, which replaced its 376-megawatt Asheville Steam Coal Plant.

Duke is moving ahead now with the second of three solar projects that are part of a plan that included the $817 million Asheville Combined Cycle Station, a natural gas plant.

Duke filed last month for a certificate for public convenience and necessity for the Woodfin…

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Energy News

The week in bankruptcies: Rosehill Resources, others bring Houston bankruptcies to 190 for 2020

Houston-area bankruptcy courts recorded five business filings — including three with total debts above $1 million — during the week that ended July 31, 2020. Year to date through July 31, 2020, the court recorded 190 Chapter 7 or Chapter 11 business bankruptcy filings, a 47% increase from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure…

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Energy News

AEP sees power demand tick back up, but challenges remain

Columbus-based American Electric Power Company Inc. says power usage is rebounding since the start of the Covid-19 pandemic, driven by lots of people at home and warm weather.

But power usage is not quite back to normal, and the company has also dealt with Hurricane Hanna in Texas, which knocked out power to 200,000 customers.

“On the financial front our operating earnings performance has been strong in the face of these challenges,” CEO Nick Akins said. 

All in all the company saw second-quarter…

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Energy News

Cal ISO taps Portland-based executive Elliot Mainzer as its new CEO

The California Independent System Operator has tapped the CEO of the Bonneville Power Administration to be the next leader of the Folsom-based nonprofit that manages 80% of California’s electric grid.

Elliot Mainzer, currently head of Portland, Oregon-based Bonneville, will start at the end of September to replace Steve Berberich, who is retiring after 14 years with Cal ISO, nine of them as its CEO.

“Elliot’s demonstrated success leading a large, complex power and transmission organization…

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Energy News

50 on Fire: Cloverly finds success simplifying the carbon offset process

Reducing your carbon footprint has gotten a little easier thanks to Cloverly. More than 80 sustainability-minded companies are using its application program interface to calculate their carbon emissions-producing offsets of more than 23 million pounds.

Cloverly calculates emissions created from a particular activity, like shipping a package or booking a flight, and gives users an opportunity to compensate for those emissions through carbon offsets. Cloverly is the 2020 Inno Blazer in the Social…

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