Five Energy Stories Worth Reading Today (11/15/13)

Here are five recommended reads for today (11/15/13).

  1. Bloomberg reports: “The Arizona Corporation Commission agreed in a 3-to-2 vote yesterday that Arizona Public Service Co. may collect about $4.90 a month from new customers who provide excess power from solar panels to the utility. About 18,000 homes that are served by the company and already have solar systems won’t be affected.”
  2. According to The Oklahoman: “The Tennessee Valley Authority on Thursday announced plans to retire coal plants that generate more than 3,000 megawatts of electricity. The move seems to prove there is a market for Clean Line Energy Partners, which plans to build a $2 billion direct-current transmission line stretching across Oklahoma and Arkansas.”
  3. The Wall Street Journal reports, “KKR & Co. and Google Inc. have struck a pact to invest about $400 million in six solar-power plants being built by Recurrent Energy LLC in California and Arizona, according to people familiar with the matter.”
  4. “According to the U.S. Energy Information Administration: “Several large, new solar thermal power plants are expected to begin commercial operation by the end of 2013, more than doubling the solar thermal generating capacity in the United States. The projects use different solar thermal technologies and storage options. Abengoa’s Solana plant, which came on line in October 2013, is a 250-megawatt (MW) parabolic trough plant in Gila Bend, Arizona with integrated thermal storage. BrightSource’s Ivanpah, expected to enter service by the end of 2013, is a 391-MW power tower plant in California’s Mojave Desert and does not include storage.”
  5. Greentech Media reports: “Earlier this month, SolarCity executed on a solar financing milestone. SolarCity announced its intent to offer a private placement of $54.4 million of an ‘aggregate principal amount of Solar Asset Backed Notes, Series 2013-1 with a scheduled maturity date of December 2026’…That means we’ve entered the world of securitized solar, and it’s the first time it’s being employed for distributed PV.”