Solar-plus-storage power plant development accelerates in US
Roughly 40 solar-plus-storage systems were in operation in the U.S. as of late September, and companies are developing at least another 85 solar-plus-storage projects, most of which are in the near- to medium-term planning stages or under construction, according to S&P Global Market Intelligence data.
Oil, gas deal tracker: Big midstream move shakes up list of top M&A in 2019
Pipeline giant Energy Transfer LP's proposed $5 billion acquisition of midstream crude oil operator SemGroup Corp. was the biggest M&A deal announced in September across the oil and gas industry, joining the list of the biggest deals of 2019, according to S&P Global Market Intelligence data.
JEA subpoenas Moody's, DOE, other utilities for documents in Vogtle lawsuit
Florida municipal utility JEA served subpoenas to six organizations, including the credit rating agency Moody's and the U.S. Department of Energy, for documents related to its litigated contract with Municipal Electric Authority of Georgia for power from the Alvin W. Vogtle Nuclear Plant.
NiSource utility cancels Mass. pipe project, citing local natural gas opposition
NiSource Inc. subsidiary Columbia Gas of Massachusetts canceled a project meant to increase natural gas supply into the western part of the state, saying the decision was due in part to weak prospects for growth in light of local political opposition to new gas pipelines.
Other energy headlines
* BP Energy Co. Inc. President and CEO Orlando Alvarez said the U.S. natural gas industry must reduce carbon emissions throughout the supply chain as the sector seeks to secure its place in a world that has increasingly focused on combating climate change.
* Oil production from unconventional plays is expected to reach 8.97 million barrels per day in November, an increase of 850,000 bbl/d from 12 months earlier, the U.S. Energy Information Administration projected. The agency also expects that natural gas production will exceed 84 Bcf/d in November.
* One of the first cities in the U.S. to rely solely on renewable energy — Georgetown, Texas — is grappling with an excess of power and has now filed suit against one of its four suppliers in an attempt to cancel a 25-year solar supply contract.
* Joining a number of its peers in reducing its exposure to fossil fuels, insurance provider Axis Capital Holdings Ltd. is implementing a new thermal coal and oil sands underwriting and investment policy. The policy will take effect Jan. 1, 2020.
Quantamental Research, a division of S&P Global Market Intelligence, looked at Russell 3000 companies from year-end 2002 through May 31, 2019, and found that those with female CFOs generated $1.8 trillion more in gross profit than their sector average.
Research and data
RRA Regulatory Focus: Md. rate case settlement for Washington Gas becomes final
RRA Regulatory Focus: Ariz. stakeholders propose to scale back Tucson Electric Power rate request
RRA Regulatory Focus: Focus on FERC — Calif. cases involving PG&E, SCE ROEs highlight agenda
Top pick of the day
'We are collateral damage': Gas industry grapples with political winds
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