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Tag Archives: Power Plants

PPL Explains the Causes of Electric Rate Spikes

A combination of bad weather and a huge demand versus a short supply of electricity caused an unexpected upward spike in variable electric rates in January, a PPL Electric Utilities official said. Theresa M. Bubeck, key accounts manager for PPL, told a Manufacturers and Employers Association energy roundtable group that...

PSEG Buys Two Power Plants

Canadian Solar Inc. and PSEG announced that Canadian Solar’s subsidiary, CSI Holdco LLC sold two utility-scale solar power plants totaling 4.4MW (megawatts) DC to PSEG subsidiary, PSEG Solar Source. The plants have a 20-year off taking agreement with PG&E. The solar installations, together now called the PSEG Shasta Solar Farm,...

Direct Energy Sells Texas Power Plants

Direct Energy is ending a very busy year with yet another multimillion-dollar deal. The Houston-based company, a subsidiary of Britain’s Centrica PLC, said it will sell its three gas-fired power plants in Texas to New York-based Blackstone Group LP for $685 million in cash. The transaction is expected to close...