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The Latest Smart Grid/Smart Energy News From Around the World

Smart Energy Universe provides holistic news coverage across the smart energy spectrum.

The Go To Site For Actionable Smart Energy News

  • News Flash: FCC Adopts Strict Rules to Regulate Internet like Telecom Companies (Details in Spotlight section)
  • Veto by Obama of Keystone Pipeline Bill; Now up to Congress to Overide the Veto, but 3 Votes Short of 67 Needed (Spotlight)
  • Multiple Derailments Carrying Oil Cause Major Concerns (Spotlight)
  • India Moves Big on Renewables (Spotlight)
  • BP Predicts Energy Mix with Roles for Fossil Fuels and Renewables (Spotlight)
  • Major Companies Commit to Renewable Energy (Spotlight)
  • Apple and Other Smart Cars (Spotlight))
  • Oil Companies cut Capex, but Forecast Production Increase (Spotlight / Oil and Gas)
  • Vogtle NPP Cost Overruns Hit a Billion (Spotlight)
  • Smart City Projects Underway; IoT Standards Get Moving (Smart Grid)
  • Many More in Spotlight and Category Sections

 

Publishers Note

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Midweek Update: February 25, 2015; Vol. 4, No. 8, February 23, 2015

Space Station-2-23-2015-2-ice

The image was acquired by the GOES-East weather satellite at 3:45 p.m. Eastern Standard Time (20:45 Universal Time) on February 15, 2015, as the storm was mostly out to sea. Note the comma-like shape of the nor'easter, which spawned blizzard conditions at coastal locations. The official meteorological definition of a blizzard is three consecutive hours of falling or blowing snow with winds gusting above 35 miles (56 kilometers) per hour and visibility below one-fourth of a mile (0.4 kilometers).

Yet another potent winter storm battered the northeastern United States on February 14-15, 2015. The nor'easter brought 12 to 20 inches (30 to 50 centimeters) of snow across much of eastern New England, along with tropical storm force winds over 60 miles (100 kilometers) per hour. The latest snowfall pushed Boston to its highest monthly total on record—58 inches and counting—and its third highest yearly snow total.

Midwest and Northeast United States are blanketed with snow. It makes some wonder what happened to global warming. If you lived on the West Coast, the severe drought convinces you that Climate is not what it used to be. Crazy, isn’t it!!

Now let us get back to the Smart Energy News.

A guide to SEU regular features follows the discussion below of major smart energy trends. The news items on the website are in four major categories: Oil and Gas, Renewables, Smart Grid and Utility News. Special news items and reports are identified in a special category called ‘Spotlight”. They can be accessed in that category.

There is news all across the smart energy area. SEU will cover the news trends under each category. There was no super major news development

The Spotlight articles are embedded in the News Categories they are part of. SEU will first present news trends and highlights for each category. The news items of that Category relating to major trends are then presented, Then, we briefly go over our regular features.

We have changed the format we introduce weekly news items. Hope you find it convenient.

UTILITIES:

Utilities are doing well financially, but face significant expenses and cost overruns

Vogtle NPP Delays to Cost Billions: Southern Company reported that the construction of two new nuclear reactors at Plant Vogtle, which is partially owned by its subsidiary Georgia Power, will be delayed an additional 18 months. Using a conservative estimate, the delay will increase the project’s cost to Georgia Power by roughly $720 million, over the initial estimate of $6.5 billion. (Spotlight)

Court Reverses PUC Cost Recovery Agreement on Mississippi Power Kemper IGCC Plant:The Court reversed the 2013 MPSC Rate Order. The Court also found the 2013 Settlement Agreement unenforceable due to a lack of public notice for the related proceedings. The Court’s ruling remands the matter to the Mississippi PSC to (1) fix by order the rates that were in existence prior to the 2013 MPSC Rate Order, (2) fix no rate increases until the Mississippi PSC is in compliance with the Court’s ruling, and (3) enter an order refunding the monies attributable to the rate increases under the 2013 MPSC Rate Order. (Spotlight)

Japan Has Made Progress on Fukushima Decommissioning; More Work Lies Ahead(Utility/Feature):The situation, however, remains very complex, with the increasing amount of contaminated water posing a short-term challenge that must be resolved in a sustainable manner. The need to remove highly radioactive spent fuel, including damaged fuel and fuel debris, from the reactors that suffered meltdowns poses a huge long-term challenge, said IAEA.

Iberdrola Records €2,327 Million Net Profit in 2014 (Utility/Feature): IBERDROLA recorded EBITDA of €6,964.5 million in 2014, a rise of 3.1%, while net profit was 9.5% lower at €2,326.5 million. This decline reflected a lower level of non-recurring income as well the regulatory measures affecting in particular the business in Spain.

Duke Energy’s 2014 Financials (Utility/Feature):Duke Energy announced 2014 full-year adjusted diluted EPS of $4.55, within its adjusted diluted EPS guidance range of $4.50 to $4.65. Adjusted diluted EPS for 2013 was $4.36. Duke Energy’s full-year 2014 reported diluted EPS was $2.66, compared to $3.76 in 2013. Duke is earning less, incurring more expenses.

Duke Energy, United States Reach Proposed Agreement on Dan River Coal Ash (Utility/Feature): Duke Energy said it has reached a proposed agreement with the U.S. government that, if approved, would close a federal investigation of its subsidiaries related to the Dan River coal ash spill and ash basin operations at other North Carolina coal plants.

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