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TVA Board Votes to Retire Over 2,000 MW of Coal-fired Generation

LCG, February 14, 2019--The Tennessee Valley Authority (TVA) Board voted today to retire both the Paradise Unit 3 and Bull Run coal-fired power plants within the next few years. The closures will reduce the TVA fleet electric generating capacity by 2,031 MW.

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MHPS to Supply Three J Class Turbines for Power Project in Virginia

LCG, February 8, 2019--Balico, LLC and Gemma Power Systems selected Mitsubishi Hitachi Power Systems Americas (MHPS) and its J Class turbines for the 1,600-MW Chickahominy Power Station project in Virginia. The combined cycle power plant will deliver power into the PJM regional transmission grid and is scheduled for completion in 2022.

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Industry News

CMS Energy To Exit Exploration, Production of Oil and Gas

LCG, May 30, 2002--The Michigan-based gas and electric utility CMS Energy, whose chairman and chief executive William T. McCormick Jr. resigned last week, will sell its CMS Oil and Gas Co. business arm, in order to lower its debt and raise capital.

CMS Energy had received attention because of news in the past two weeks concerning reciprocal energy trades with other energy trading companies, including Reliant Resources and Dynegy Inc. Such trading inflated revenues by over $5 billion over two years, nearly a quarter of its revenue.

The oil and gas operations of CMS are found in the Permian Basin of west Texas, as well as abroad, in Cameroon, the Republic of Congo, Colombia, Eritrea, Tunisia, and Venezuela. According to company spokesman Dan Bishop, the unit it intends to sell is a small part of its business. According to 2001 financial reporting, revenue from the unit accounted for less than 2 percent of revenues.

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