SNL Energy editors' picks for the best stories for the week ended April 7.
1. For NRG's yieldco, signs point to new owners
The potential sale of NRG Energy Inc.'s stake in NRG Yield Inc. is one increasingly likely outcome of the generator's strategic review amid growing investor appetite for renewable portfolios, analysts said. Recent renewable transactions could add momentum to the business review committee's decision to bring NRG's 46.7% economic interest in NRG Yield to market.
2. MEAG's Vogtle PPAs remain intact despite Westinghouse bankruptcy
After Westinghouse Electric Co. LLC filed for bankruptcy March 29, a co-owner of one of its delayed nuclear projects in Georgia, the Municipal Electric Authority of Georgia, said its power purchase agreements with a cooperative and public utility remain intact.
3. Bill introduced in Ohio to provide subsidies for nuclear generation
Following similar efforts in Illinois and New York, two Ohio senators have sponsored legislation that would provide subsidies for the state's at-risk nuclear generation. S.B. 128, officially introduced April 5 in the Ohio General Assembly by Sens. John Eklund and Frank LaRose, implements zero-emissions nuclear credits for in-state nuclear capacity within the PJM Interconnection market.
4. Coal jobs in demand again as optimism spreads, but Trump impact unclear
While there is some doubt about whether President Donald Trump can follow through on his pledge to bring back coal jobs, several U.S. producers are moving to hire miners in response to improving market conditions. Since taking office in late January, Trump has moved to roll back Obama-era environmental regulations in line with promises to revive the battered domestic sector and "put miners back to work."
5. SoCalGas eyes injection of 'renewable natural gas' into pipelines
A $100 million project on track for completion this spring will inject "renewable natural gas" derived from organic waste into Sempra Energy unit Southern California Gas Co.'s pipeline system for the first time. The landmark project is part of the state's push to harness methane emitted at farms and landfills as an alternative to fossil fuels for transportation, heating and power generation.