S&P Global Market Intelligence presents the most read stories for the week ended Aug. 2.
1. Plenty of 'heat' surrounding FERC order barring PJM capacity market auction
With three of its four members chiming in with their own separate statements, the Federal Energy Regulatory Commission on July 25 told the PJM Interconnection that it cannot hold a capacity auction that was supposed to have taken place in May before being pushed back to Aug. 14.
2. 1 in 7 newer combined-cycle plants are little-used, analysis finds
Nearly one in seven U.S. combined-cycle power plants fewer than 20 years old are little-used, according to an S&P Global Market Intelligence analysis.
3. At 20-year lows, summer natural gas prices reflect overwhelming shale supplies
U.S. natural gas prices are on track to post their lowest July monthly average in more than 20 years as gas from Appalachia's shales combines with "free" gas from shale oil production in the Permian Basin to overwhelm the market.
4. Pipeline sector struggles to quantify, promote its ESG efforts to investors
Investors are increasingly reshaping the way the oil and gas industry talks about and mitigates its businesses' impacts on climate change. But that remodeling has largely stopped short of the North American pipeline sector, where standardized environmental data sharing has yet to become mainstream.
5. Latest round of coal bankruptcies hits buyers of others' distressed assets
U.S. coal companies that salvaged unwanted assets left by a wave of bankruptcy that swept over the sector in 2015 and 2016 are now seeking the aid of the bankruptcy court themselves.