Which job do you want? – Shreveport Times
Which job do you want? Shreveport Times
“job” – Google News…
North Dakota’s Largest Coal Plant Set to Close
The post North Dakota’s Largest Coal Plant Set to Close appeared first on POWER Magazine.
The largest coal-fired power plant in North Dakota is scheduled to close in 2022, with the Minnesota-based wholesale electric power cooperative that operates the facility saying the lost generation will be mostly replaced by wind power.
Minnesota-based Great River Energy, which supplies electricity to the suburbs of Minneapolis and St. Paul, along with other parts of the state, on May 7 announced it will close the 40-year-old Coal Creek Station power plant near Underwood, North Dakota. The plant, which employs about 260 workers, produces about half of the electricity that Great River sells to 28 member-owned electric cooperatives in Wisconsin and Minnesota, according to Jon Brekke, Great River’s vice president. Brekke said the move enables the utility to move “in an opportunistic direction towards an evolved power supply portfolio,” and reflects “significant shifts in the wholesale [power] market.”
The power cooperative said it plans to invest more than $ 1.2 billion to purchase more than 1,100 MW of wind power from new projects, including at least 600 MW of wind power in southern and western Minnesota.…
COVID-19 Weighs on Siemens Gamesa Earnings
The post COVID-19 Weighs on Siemens Gamesa Earnings appeared first on POWER Magazine.
Siemens Gamesa Renewable Energy (SGRE) on May 6 said delays to its renewable energy projects, in part due to supply chain disruptions from the coronavirus pandemic, will continue to negatively impact the company’s earnings this year.
The company reported its fiscal second-quarter earnings on Wednesday and said the COVID-19 outbreak “had a direct negative impact of €56 million [$ 60.63 million] on profitability, and intensified challenges experienced by the onshore business in India and Northern Europe.” SGRE reported that its margin on earnings before interest and tax (EBIT) fell to 1.5% in the first three months of this year, down from 7.5% in the year-ago period.
The wind turbine maker, which is scheduled to be merged into a larger Siemens entity later this year, said earnings fell despite the company’s build of a record-breaking order book for equipment and services. SGRE last month withdrew its earnings guidance for 2020; Vestas, the world’s largest wind turbine manufacturer along with SGRE, has done the same.…
Is Vogtle Nuclear Expansion on Schedule? CEO Sounds Confident
The post Is Vogtle Nuclear Expansion on Schedule? CEO Sounds Confident appeared first on POWER Magazine.
“We still expect to meet the November regulatory-approved in-service dates for both Units 3 and 4,” Southern Company CEO Tom Fanning said during the company’s first quarter earnings call on April 30. The in-service dates he was referring to are November 2021 and November 2022 for Units 3 and 4, respectively, at the Vogtle nuclear expansion project near Waynesboro, Georgia. The project is owned by four partners: Southern Company subsidiary Georgia Power (45.7%), Oglethorpe Power Corp. (OPC, 30%), Municipal Electric Authority of Georgia (MEAG Power, 22.7%), and Dalton Utilities (1.6%).
Furthermore, Fanning said site managers continue to believe they can hit target dates set in the company’s “Aggressive Site Workplan,” which are May 2021 and May 2022, respectively. “Is it riskier than it was before? Yeah. But it’s still a reasonable objective; otherwise, we wouldn’t stick with it,” said Fanning.
Significant Progress Made on Both New Vogtle Units
About two weeks ago, Southern Company announced it would reduce the workforce on the project by 20% in an effort to mitigate the impacts of COVID-19.…