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India Coal Giant Will Invest $3 Billion for Renewables, and Build 1.6-GW Coal-Fired Plant

May 11, 2025

State-owned Coal India Limited (CIL) has announced plans to invest about $ 3 billion to build as much as 4.5 GW of renewable energy generation capacity. The memorandum of understanding, signed May 7 with major ammonia producer AM Green, is expected to significantly increase India’s green hydrogen and ammonia production capabilities.

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Tech Giant Meta Seeking Nuclear Power to Support Data Centers

December 4, 2024

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Facebook parent Meta wants to find developers that can provide nuclear reactors to support electricity demand from the tech company’s data centers and artificial intelligence (AI) efforts. The group said […]

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UK Energy Giant Will Cut 5,000 Jobs

June 12, 2020

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Centrica, the major UK utility and the biggest supplier of energy to British homes, on June 11 said it would cut 5,000 jobs as part of a cost-cutting effort. CEO Chris O’Shea, who took over the company three months ago, said he also wants to simplify the utility’s business model.

The company Thursday said the changes would fast-track cost savings as part of its plan to cut $ 2.54 billion from the business by 2022. Centrica is the parent of British Gas, and the company in a February financial report said it lost £849m ($ 1.07 billion) in 2019. It blamed the loss on the UK’s cap on energy prices, and falling prices for natural gas. The government price cap weighed on the company’s profits, and many of the utility’s customers have left to find smaller and cheaper suppliers.

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Vistra Closing Two More Giant Uneconomic Coal Plants in Texas

October 17, 2017

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Vistra Energy moved to halt a financial hemorrhage stemming from unprofitable conditions in the Electric Reliability Council of Texas (ERCOT), announcing plans to shutter two more coal-fired power plants—the 1.1-GW Sandow Power Plant (which includes a 2009-built unit) and the 1.2-GW Big Brown plant—in early 2018.

The company’s decision made public on October 13 comes on the heels of an announcement last week by Vistra Energy subsidiary Luminant to shutter its 1.9-GW coal-fired Monticello plant in Titus County.

Vistra Energy said the coal plant closures are necessary because they are “economically challenged in the competitive ERCOT market.” Specifically, it said, “Sustained low wholesale power prices, an oversupplied renewable generation market, and low natural gas prices, along with other factors, have contributed to this decision.”

Terminating Years of Service

“This announcement is a difficult one to make,” said Vistra Energy President and CEO Curt Morgan. “It is never easy to announce an action that has a significant impact on our people. Though the long-term economic viability of these plants has been in question for some time, our year-long analysis indicates this announcement is now necessary.”…

Enbridge, Spectra to Merge, Create Energy Infrastructure Giant

September 10, 2016

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A merger proposed between Canadian firm Enbridge and Houston-based Spectra Energy Corp. could create the largest energy infrastructure company in North America.

The companies announced on September 6 that they have entered into a definitive agreement to combine in a stock-for-stock merger transaction that has an enterprise value of $ 127 billion. The transaction was reportedly approved by both companies’ boards of directors and could close in the first quarter of 2017, if shareholders and regulators approve it.

If completed, Enbridge shareholders would hold 57% and Spectra shareholders would own 43% of the combined company, which is to be called “Enbridge Inc.” It would be headquartered in Calgary, Alberta, though Houston would remain the company’s gas pipelines business unit center.

The merger would bring together the companies’ myriad energy infrastructure assets in North America, including liquids and gas pipelines, U.S. and Canadian midstream businesses, a regulated utility portfolio, and several renewable projects.

“Enbridge has been assessing opportunities to extend and diversify our sources of growth,” Enbridge President and CEO Al Monaco told investors in a webcast on Sept.…