Georgia Power has announced that it has completed the issuance of $325 million of Green Bonds, becoming the first retail electric utility in the USA to offer this type of security to support investment into renewable generation.
The US Energy Information Administration (EIA) has, in its latest monthly Short Term Energy Outlook, said that it expects lower natural gas prices to result in natural gas powering 33.4 per cent of US electricity generation in 2016, compared with 32 per cent for coal.
GE has closed its transaction to divest select power generation assets to Ansaldo Energia .
EDF is under pressure to abandon or delay building Hinkley Point C, the flagship of the UK Government’s plan to provide generating capacity for 2025.
A new study released by the World Energy Council says lower oil prices and weakened Asian demand has resulted in the virtual disappearance of the price spread between the Japanese LNG and UK markets in 2016. Additionally, it notes that US prices remain depressed due to the continued build-up of domestic supplies.