Dive Summary:
- UBS' Director of US Electric Utilities, Julien Dumoulin-Smith, says nuclear plants in the Northeast will experience the next wave of closures, resulting in the loss of 6 gigawatts (GW) of generating capacity.
- The Northeast will need an additional eight to 10GW of wind and solar energy to meet demand and renewable portfolio standards, according to Jonathan Stark, Managing Director of GE Financial Services.
- Dominion's 556MW Kewaunee plant in Wisconsin is set to close this quarter.
From the article:
"Most newbuilds in the Northeast are combined cycle plants, said Craig Hart, Chief Financial Officer of USPowerGen, which owns three power generation facilities in New York City. Combined cycle plants most commonly run on natural gas."
