SNL Energy presents the most read stories for the week ended Dec. 30.
1. Kasich follows through on veto threat for Ohio clean energy standards
As promised, Ohio Gov. John Kasich vetoed a bill that would have weakened the state's renewable energy and energy efficiency standards, ending a two-year freeze on the standards and clearing the way for them to be reinstated Jan. 1, 2017. Explaining the reasoning behind his decision, Kasich said the bill would have threatened energy generation options in the state, including those most prized by high-tech firms seeking to create jobs and expand businesses.
2. AES, Tesla set to scoop up SunEdison assets on discount
AES Corp. and Tesla Motors Inc. are the latest buyers to emerge for what remains of SunEdison Inc.'s solar assets. In separate filings on Dec. 22 in the U.S. Bankruptcy Court for the Southern District of New York, counsel to SunEdison spelled out agreements for the sale of select Minnesota solar assets to AES affiliate AES Distributed Energy, Inc., as well as the sale of unused solar equipment to Tesla.
3. $5B Energy Transfer deal report sets off Wall Street speculators, sleuths
A report that the private equity giant Blackstone Group LP is looking to buy a multibillion-dollar stake in Energy Transfer Partners LP projects or assets sent analysts and stock traders to their tea leaves. The Wall Street Journal on Dec. 22 reported that Blackstone was kicking some ETP tires, citing "people familiar with the matter."
4. ND coal plant returns to its 'cycling' past
Because of changing market conditions, Great River Energy's 1,141-MW Coal Creek baseload coal-fired plant in McLean County, N.D., no longer is needed to operate at full load around the clock, so it has returned to its "cycling" roots.
5. PJM capacity, wires market changes advancing
The PJM Interconnection LLC's capacity and transmission markets may undergo some significant changes if the independent system operator's Members Committee approves manual changes at its Jan. 26 meeting that were advanced Dec. 22 by the Markets and Reliability Committee.