Finance

By Elizabeth Ingram The end of the year is the perfect opportunity to look back, to reflect on what has passed, before the new year when we naturally focus on the future. As I reflect on the news and issues we’ve covered on Hydro Review over the past year, I can identify five big trends...
FERC News

The Federal Energy Regulatory Commission has issued a preliminary permit to Premium Energy Holdings LLC to study the feasibility of the proposed Intermountain Pumped Storage Project in Millard County, Utah. The closed-loop pumped storage project would have a capacity of 1,200 MW to 2,000 MW and consist of: Two new reservoirs, a lower reservoir upstream...
Pumped Storage Hydro

Australia’s Draft 2020 Integrated System Plan (ISP) published earlier this month, intended to be an “actionable” roadmap for the efficient development of the National Electricity Market, calls for more pumped hydro in the system. The Draft 2020 ISP, released by the Australian Energy Market Operator, uses forecasts of demand and generation retirements, scenario modelling and...
Business

Energias de Portugal (EDP) has agreed to sell a portfolio of six hydro plants in Portugal to a consortium of investors formed by ENGIE (40% of equity stake), Crédit Agricole Assurances (35%) and Mirova – Natixis Group (25%), in a transaction valued at €2.2 billion. The disposed hydro portfolio comprises 1,689 MW of installed capacity...
FERC News

The Federal Energy Regulatory Commission (FERC) has directed PJM Interconnection L.L.C. to expand its Minimum Offer Price Rule (MOPR) to address state-subsidized electric generation resources (with certain exemptions), a decision it says will “protect the competitive capacity market administered by PJM.” FERC says this action reaffirms and builds on its June 29, 2018, order, which...
Job Transitions

Multiple news agencies are reporting that David Knox has been appointed chairman of Snowy Hydro, Australia’s largest renewable energy company. Knox is managing director and chief executive officer of Australian Naval Infrastructure, a “nation-building commitment by the government of Australia” that “sees the establishment of state-of-the-art infrastructure for the domestic manufacture of world class naval...