Sempra completes $2.5B sale of U.S. renewables, gas storage assets

Energy infrastructure company Sempra Energy has completed the sale of its U.S. renewables business and non-utility natural gas storage assets for roughly $2.5 billion in cash, Kallanish Energy reports. The announcement comes with Monday’s completion of the sale of its remaining ownership interests in operating and development-stage wind assets to American Electric Power for $584 million in cash.

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Big Green, Inc. – The Sources of the Money Behind Fractivism

 ... … … Fractivism is anything but grassroots. Rather, it is funded and orchestrated Big Green, Inc. and the Institute for Energy Research is documenting it all. Last year, as readers might recall, IER launched Big Green, Inc. to began exposing the under-the-radar funders that underwrite the anti-American energy movement and its anti-fracking ballot measures,

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Cuomo’s Energy Initiatives Put New York City at Risk of Another Blackout

Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … Andrew Cuomo’s plans for New York City’s natural gas peaking plants depend on untried and technologically challenging renewables. He’s risking a blackout. On February 28, 2019 the New York State of Department of Environmental Conservation (DEC) proposed regulations to lower allowable nitrogen oxide (NOx) emissions from simple

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Natural Gas NOW Picks of the Week – April 20, 2019

Tom ShepstoneShepstone Management Company, Inc. … … Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. “So We Spent $1 Million Per Job?” GreenTechMedia says Tesla is “staring down a 2020 employment deadline in New

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Oil & Gas Industry Moves to Innovate Away CO2: What Will Fractivists Do?

Tom ShepstoneShepstone Management Company, Inc.   Green energy fans proclaim renewables are necessary to reduce CO2 emissions and will soon replace gas but the oil and gas industry keeps innovating CO2 away. It’s always amusing to read every year how renewables are coming down in price and will soon compete with natural gas, while also

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Meanwhile, Pennsylvania Just Keeps Producing Natural Gas for the Rest

Tom ShepstoneShepstone Management Company, Inc.   Some states just can’t get their energy acts together. Plagued by political correctness, urban states tilt at windmills while Pennsylvania heats their homes. Pennsylvania is, sadly, bordered on three sides by hopeless urban states (Maryland, New Jersey and New York) that can’t shoot straight when it comes to energy.

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PG&E names new CEO, 10 new directors to be appointed

Embattled PG&E Corp. and its utility Pacific Gas and Electric, on Wednesday announced the appointment of William “Bill” Johnson as president and CEO, Kallanish Energy reports. In addition, the company, currently operating under Chapter 11 bankruptcy protection, named 10 new board members, to be appointed at the company’s next board meeting. The San Francisco-based utility

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Federal judge places new probation terms on PG&E

A federal judge in San Francisco is barring utility giant Pacific Gas and Electric from re-issuing dividends in favor of using the funds for reducing the risk of wildfires in the company’s service area. U.S. District Judge William Alsup, in a court hearing Tuesday, also said he will monitor PG&E’s compliance with new wildfire prevention

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Construction of GE’s huge 12 MW wind turbine moving forward

General Electric Renewable Energy held a ceremonial groundbreaking Monday in Rotterdam, The Netherlands for its behemoth 12-megawatt wind turbine. Designed as an offshore wind turbine, the GE Haliade-X 12 will be built onshore to “facilitate access for testing.” Construction of the turbine’s foundations began earlier this year. Its nacelle, blades and tower parts will arrive later this

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New Jersey’s Renewable Mandates Will Send Electric Bills to the Moon

 ... … … New Jersey’s already high electric bills are about to get higher. As the Governor proposes more renewables and subsidies, ratepayers will foot the bill. People who believe that wind and solar power are lowering their electric bills should look at New Jersey. Garden State electric bills are increasing to cover the costs

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Bankruptcy judge approves Dip loan for PG&E

Bankrupt California power provider PG&E Corp. won court approval last week for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes. The financing will comprise a $3.5 billion revolving credit facility, a $1.5 billion term loan and a $500 million

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Wind and Solar Tax Credits; Green Rent Seeking Unleashed

 ... … … Wind and solar tax credits are horribly distorting our energy markets and need to be reined in before we end up like Germany with quadrupled electric rates. The U.S. Treasury estimates that the Production Tax Credit will cost taxpayers $40.12 billion from 2018 to 2027, making it the most expensive energy subsidy

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TransAlta shareholder intends to offer dissident board candidates

Power giant TransAlta Corp. said this week it’s received notice investment firm Mangrove Partners intends to nominate five candidates for election to the company’s board. Election of directors will take place at TransAlta’s upcoming annual and special shareholders’ meeting on April 16, Kallanish Energy reports. Mangrove owns 7.1% of Calgary-based TransAlta, while its associated investor,

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Allete closes $270M sale of U.S. Water Services

Minnesota-based energy company Allete said Wednesday it’s closed the $270 million sale of U.S. Water Services to Kurita Water Industries Ltd., a Japan-based water-management company. U.S. Water is an integrated water-solutions company which serves roughly 5,000 customers by optimizing system performance, reducing water and energy use, and improving efficiency. It was acquired by Allete in 2015, Kallanish Energy

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