Tag: Investment

Associate Investment Delivery Manager (Portland, OR) #112745 (PORTLAND, OR, US, 97232)

September 25, 2024
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| Energy Jobs In NW

Join Our Team!

PacifiCorp is seeking customer-centric candidates to grow and sustain our commitment to a culture of customer service excellence, environmental sustainability and diversity, equity and inclusion.

 

General Purpose

Facilitate the delivery of the Transmission and Distribution Operations capital budget delivery by providing technical analysis, budgeting, forecasting, and performance reporting through the Investment Delivery organization that has a significant impact on corporate, business unit, or organizational objectives. Act as an interface to facilitate project delivery between multiple workgroups/functions including operations management, engineering, region business managers, rates and regulation, and finance. Support the implementation of Company business objectives, strategies, plans, programs and policies. 

Responsibilities

  • Collaborate with operation managers and area engineers to develop, analyze, and review capital Appropriations Requests.
  • Assist with identification, prioritization, and tracking of capital expenditure needs across the organization.
  • Support managers within region on approved projects, responsibilities of maintenance work, and cash flow.  
  • Support customer large load connection process.
  • Support Asset Management on implementation of maintenance programs within region.
…

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Reducing low-carbon hydrogen investment and operating costs

April 29, 2024
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Reducing low-carbon hydrogen investment and operating costs A prerequisite for mass adoption While several levers have already been used to reduce the cost of investing in and using low-carbon hydrogen, many can still be mobilized by players throughout their value chains (equipment developers and producers in particular). These levers include: Digital, financial engineering..
Energy Central…

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TECO Announces $800-Million Investment in New Solar

February 21, 2020
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The post TECO Announces $ 800-Million Investment in New Solar appeared first on POWER Magazine.

Tampa Electric Co. (TECO) on Feb. 19 said it plans to invest about $ 800 million to add another 600 MW of solar power generation capacity by year-end 2023. TECO on Wednesday said the expansion will increase its solar portfolio to more than 1.25 GW of solar generation, or about 14% of its total generation mix.

“Our customers want a cleaner energy future for themselves, and their children,” said Nancy Tower, TECO’s president and CEO, in a statement. “We are committed to continue to lead Tampa Electric toward cleaner energy while ensuring our prices remain affordable for customers.”

A Gas-Heavy Portfolio

TECO, like many U.S. utilities, is increasing its use of renewable resources as it phases out coal-fired generation. The company, which serves customers in west-central Florida, said it has cut its coal use by 92% since 2000. About 84% of its electricity comes from natural gas.…

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POWER Notebook: Investment in Renewables Down in 1H2019

July 15, 2019
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Investments in renewable energy projects slowed in the first half of 2019, primarily due to a 39% year-over-year drop in China, the world’s largest renewables market, according to data published July 10 by BloombergNEF (BNEF).

BNEF said investments in China dropped to $ 28.8 billion, the lowest figure for any six-month period since 2013. China is moving away from government-set tariffs for solar and wind capacity and instead moving to auctions for renewable power. BNEF said global investment in renewables was $ 117.6 billion in the first half of this year, off 14% compared to the January-June 2018 period.

Justin Wu, head of Asia-Pacific for BNEF, in a news release said: “The slowdown in investment in China is real, but the figures for first-half 2019 probably overstate its severity. We expect a nationwide solar auction happening now to lead to a rush of new PV project financings. We could also see several big deals in offshore wind in the second half.”…

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GE Power Falters on Underperformance of Alstom Investment

November 24, 2017
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Weak earnings associated with General Electric’s (GE’s) underperforming $ 10.1 billion investment in Alstom have prompted the giant conglomerate to rejigger its power business and lean more heavily on other segments.

GE Power, the company’s long-standing and lucrative business unit that has installed 1.6 GW of the world’s installed capacity over its 125-year history, has also suffered costly operational misses owing to softer markets for new capacity and an energy transition unfolding worldwide, company executives said in a November 13 investor call.

While the GE Power franchise remained “good,” even in the face of a “tough market,” GE had “exacerbated the market situation with some really poor execution,” GE CEO John Flannery said.

GE, a company renowned for technology breakthroughs will now seek to reinvent itself with a number of broad changes, including shrinking its board from 18 to 12, shaking up leadership, and shifting its focus to cultivate more earnings for shareholders.

At GE Power, specifically, the changes relate to costs, capital allocation, working capital and operations, governance, and culture.…

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