On the Blogs: Keeping Aging Coal Plant Online in Texas Will Cost $100 Million

first_img FacebookTwitterLinkedInEmailPrint分享Rivard Report:CPS Energy‘s newest coal plant at Calaveras Lake operated at a $135 million loss in 2015 and 2016, according to a new report by a Massachusetts-based utility research firm. The report states that the public utility would save money if it closed the plant and instead invested in renewable energy sources – by purchasing power off the grid or building more of its own wind and solar capacity.“Furthermore, CPS Energy could lose $100 million more in the next few years if it continues current operations,” said Avi Allison, an economics expert and author of the report by Synapse Energy Economics, on Thursday. The firm’s report was commissioned by the Sierra Club’s Beyond Coal campaign, which seeks to replace coal-based power production with cleaner energy.But shutting down the plant southeast of San Antonio is not an option, CPS Energy officials said in response to the report, because it provides reliable, baseline energy that wind and solar cannot.“We don’t disagree with report’s overall perspective that the market is moving away from coal,” CPS Energy Chief Operating Officer Cris Eugster told the Rivard Report on Thursday. “The challenge of [retiring the plant] is if you shut it down, without energy storage, you can’t run a city on solar today.”The utility has made great strides in diversifying its energy portfolio, Eugster said, including next year’s shutdown of the older J.T. Deely 1 and 2 coal-fired units – 15 years ahead of schedule – instead of installing $550 million scrubbers. CPS Energy purchased a natural gas plant in 2010 to offset capacity loss from Deely.Seven years ago, 80% of electricity consumed by CPS Energy customers was from coal or nuclear power plants. By investing more in renewables, natural gas, and other sources, the 2016 energy portfolio is vastly different: about 30% nuclear, 27.6% coal, 24% natural gas, 10.6% wind, 2% solar, and 4.8% purchased power. CPS Energy also has been able to realize a 3% savings from energy efficiency and demand-response initiatives, Eugster said.CPS Energy acknowledges that the Spruce units cost more money than they produce energy, he said, but they are still needed to “bridge into renewables.”When demand can be covered by wind, solar, and other sources, the coal plant is dialed down. But peak load times when the wind isn’t blowing and the sun isn’t shining is when the coal plant needs to be ramped up, Eugster said. And the price of natural gas continues to be a factor.More: Coal Plant Losing Money, But CPS Energy is Keeping it – For Now On the Blogs: Keeping Aging Coal Plant Online in Texas Will Cost $100 Millionlast_img read more

Barcelona agrees transport authority

first_imgON NOVEMBER 4 the Catalan regional government, Ministry of Development, Barcelona council and local transport operator EMT signed an agreement to create a new metropolitan transport authority for the greater Barcelona area. When new legislation is in place, Autoridad del Transporte Metropolitano will be responsible for investment; the current contract plans agreed with central government expire in 1998.During 1997 ATM will develop its own infrastructure investment strategies, monitor progress with existing works, and define future funding mechanisms. It will have jurisdiction over the Barcelona metro, Catalunya Railways (FGC) and local buses, and hopes to develop a common fares structure. At first ATM will not have control of Renfe suburban routes, but it is hoped to integrate these in due course. olast_img read more

Pension fund for DuPont weighs cross-border move to Belgium

first_imgUS chemicals firm DuPont de Nemours has confirmed it is considering to move the pensions of its Dutch workers to its European pension fund in Belgium.The multinational’s €1.15bn Dutch scheme said it intended to join the Mechelen-based European pension plan in 2017.However, it also noted that it still needed approval from Dutch pensions regulator De Nederlandsche Bank (DNB), the Dutch tax authorities and the company’s works council (OR).The employer’s current contract with the pension fund is to expire at the end of 2015, but the scheme made clear it expected the contract to be extended by another year. DuPont Netherlands is no longer the scheme’s main sponsor, following the establishment of Chemours Netherlands as a soon to be fully independent and listed offshoot of the US firm.The pension fund did not respond to requests for comment from IPE sister publication PensioenPro.The Pensioenfonds DuPont is not the only Dutch scheme to consider a cross-border move of late, with the pension plans of energy companies ExxonMobil and BP recently making clear that they were considering such step.Clearing house Euroclear and pharmaceuticals company Johnson & Johnson already moved their pension schemes to Belgium.Companies usually cite synergy benefits, as well as increasing regulatory pressure in the Netherlands, as the chief reasons for merging their international pension plans.The Pensioenfonds DuPont returned 25% on investments last year.Both its official policy funding and its daily coverage stood at approximately 118% at March-end.last_img read more

Syracuse football opponent preview: What to know about Wake Forest

first_img Facebook Twitter Google+ Published on November 9, 2017 at 11:43 pm Contact Tomer: tdlanger@syr.edu | @tomer_langer Syracuse (4-5, 2-3 Atlantic Coast) faces Wake Forest (5-4, 2-3) at 3 p.m. Saturday in the Carrier Dome. The Orange is coming off a tough 27-24 loss to Florida State in which it had the chance to tie the game with a field goal at the end. The Demon Deacons last game was a loss to then-No. 5 Notre Dame.This will be SU’s first home game since it upset then-No. 2 Clemson on Oct. 13. Here’s what to know about WFU.All-time series: Syracuse leads, 4-2Last time they played: The Orange fell to the Demon Deacons in the first weekend of October last year in Winston-Salem, North Carolina. Syracuse’s offense struggled having to contend with rainy and windy conditions brought on by a hurricane. The Orange had just 326 yards of offense, more than 100 fewer than its season average.The Wake Forest Report: In his fourth year at the helm, WFU head coach Dave Clawson has turned the program around from a bottom-feeder (six wins in his first two years) too a respectable side (12 wins in these last two years with three games left this season).AdvertisementThis is placeholder textThe offense ranks inside the top 50 in both rushing and passing and averages 31.9 points per game. Senior quarterback John Wolford helms the air attack and he’s aided by his top receiving option, Greg Dortch. Dortch ranks fifth in the conference in catches per game (6.6) and receiving yards (722). His nine touchdowns leads the conference.Lead running back Matt Colburn II has run for 437 yards this season, averaging 4.8 yards per carry. Additionally, Wolford has added 400 yards on the ground this season. WFU also ranks 16th in red zone offense.The strength of the Demon Deacons’ defense is its pass rush, as WFU ranks fourth in the conference with 2.56 sacks per game. That unit is led by redshirt senior Duke Ejiofor, who has 6.5 sacks this season.How Syracuse beats Wake Forest: Protect Eric Dungey. SU’s starting quarterback missed an early portion of last week’s game against FSU after being knocked out briefly with an injury. Postgame, he was spotted wearing a boot on his foot. The Orange offense struggled to get anything going without him against the Seminoles. Head coach Dino Babers said that Dungey would be ready to go for Saturday, but the Orange has to ensure that he can finish the game and keep Wake Forest’s tough pass rush away.Stat to know: 27-24Three of Syracuse’s last four games have ended with this score, including two home wins against Pittsburgh and Clemson. If the Orange defense can hold WFU under 30 points, it should have a decent shot to win.Player to watch: John Wolford, quarterback, No. 10Wolford leads the Atlantic Coast Conference in passing efficiency (161.2) and has racked up 1,991 yards and 17 passing touchdowns while completing 65 percent of his passes. Additionally, he’s picked up 327 yards and five touchdowns on the ground. He’s a dual-threat who is the key to Wake Forest’s high-powered offense. Commentslast_img read more