As the coronavirus pandemic has hammered demand for electricity across the country, the impact is likely to be greater for investor-owned utilities than for the public power sector, according to Moody’s Investor Service. In recent report, the bond rating agency said its outlook for the public sector “remains stable because we expect the sector to… More Coronavirus has disparate effects on utilities
The Trump administration has rolled out its approach to revitalizing the U.S. nuclear power industry. It makes about as much sense as the administration’s haphazard approach to covid-19. That’s to say, it’s misguided and unlikely to work. The work of the White House’s Nuclear Fuel Working Group, a multi-agency endeavor coordinated by a feckless Department… More White House’s fraudulent nuclear revitalization plan
The pandemic-induced collapse in crude oil demand and the resulting negative pricing for May U.S. futures contracts could be more than a temporary phenomenon. Rather, it could be a sea change in the world’s economies, presaging and perhaps bringing on a period of deflationary pressures. That’s a scary scenario, as deflation – reducing of prices… More Will oil glut lead to a Great Depression?
Southern Co.’s Georgia Power subsidiary is laying off 20% of its construction workforce at the troubled Vogtle nuclear power construction project in Georgia as the coronavirus sweeps through the plant. In a filing with the U.S. Securities and Exchange Commission last week, the company said, “This reduction in workforce is a mitigating action that is… More Coronavirus leads to layoffs at Vogtle nuclear construction project
The Trump administration’s EPA decision on changing the 2011 Obama administration rule regulating power plant mercury emissions – leaving it in place but saying it wasn’t valid in the first place – is producing head-scratching confusion. EPA went ahead with its incomprehensible regulatory offering largely over the objection of the electric utilities it was designed… More EPA’s mystifying MATS rule has heads scratching
The “black swan”* coronavirus pandemic, says long-time natural gas analyst Andy Weissman, is profoundly upsetting U.S. and world energy markets, creating a recession much worse that the 2008 event. He says, “Price and supply/demand forecasts that were reasonable just a few weeks ago must now be scrapped.” The hopes, often reflected in the White House,… More Andy Weissman: Pandemic will mean worldwide recession twice as bad as 2008
Moody’s Investors Service has lowered its outlook for the nation’s competitive wholesale electric utilities – serving about half the country – from stable to negative in the light of the coronavirus pandemic. The debt rating company says the rapid spread of the highly infections and fatal virus has hit the competitive electricity providers with a… More Moody’s: Coronavirus will slam competitive electric suppliers
Early in the morning of March 28, 1979 near Harrisburg, Pa., the most significant nuclear power accident in the U.S. began. The unanticipated small loss of coolant event initially attracted little attention, but soon became a major story as the efforts to curb the event and stabilize the 819-MW generator failed. The nation was soon… More Commentary: Harold Denton and Tony Fauci
Worldwide electricity demand, hardly robust during the past several years, appears to have taken a substantial hit during the coronavirus pandemic. In a recent analysis, the Electric Power Research institute took a look at the impacts of the spread of the virus on electric demand in Italy, Spain, New York, and California. EPRI found, “These… More Coronavirus cuts electricity demand here and abroad
The struggling U.S. steam coal business, despite President Trump’s so far ineffectual attempts to end what he has called the “war on coal,” will take a big hit from the impacts of the coronavirus, according to a new report from Moody’s Investor Service. Moody’s analyst Benjamin Nelson says, “U.S. domestic demand for thermal coal will… More Moody’s: the coronavirus war on coal