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Energy, most read: Demand decline is 'real' and likely 'permanent,' TVA CEO says


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Energy, most read: Demand decline is 'real' and likely 'permanent,' TVA CEO says

S&P Global Market Intelligence presents the most read stories for the week ended Aug. 10.

1. Demand decline is 'real' and likely 'permanent,' TVA CEO says

The CEO of the Tennessee Valley Authority said Aug. 3 he believes the decline in electricity demand is permanent, likely obviating the need for new large-scale generation at the U.S. government-owned power supplier as it contemplates its future energy mix.

2. Air permit denial by NY regulators holds up gas-fired CPV Valley project

New York state's environmental regulators declined to renew an air permit for a new dual-fuel, combined-cycle power plant that is needed to replace some of the capacity of Entergy Corp.'s retiring Indian Point nuclear power plant.

3. FERC stops all construction on $3.7B Mountain Valley gas pipeline

The Federal Energy Regulatory Commission ordered a full halt to construction activities along the entire EQT Corp.-led 2-Bcf/d natural gas pipeline project, which would run about 300 miles through parts of West Virginia and Virginia.

4. New pipeline promises outlet for Permian gas, but glut relief remains distant

A consortium of major pipeline companies is joining the rush to build transportation systems for the glut of natural gas in the Permian Basin, but the first serious help remains at least a year away.

5. Fossil fuels target energy poverty, climate in new PR push

A new campaign from a group of fossil fuel industry representatives will aim to sell coal, gas and oil as a technology-friendly solution to global energy poverty that is already entrenched in the day-to-day lives of much of the developed world.