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Share Price: 503.70
Bid: 503.80
Ask: 503.90
Change: -6.70 (-1.31%)
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Open: 506.40
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Wind power briefly sets record as source for electricity in U.S.

Tue, 14th Feb 2017 16:22

By Scott DiSavino

Feb 14 (Reuters) - Wind briefly powered more than 50 percentof electric demand on Sunday, the 14-state Southwest Power Pool(SPP) said, for the first time on any North American power grid.

SPP coordinates the flow of electricity on the high voltagepower lines from Montana and North Dakota to New Mexico, Texasand Louisiana.

Wind power in the SPP region has grown significantly to over16,000 MW currently from less than 400 megawatts in the early2000s and is expected to continue growing. One megawatt canpower about 1,000 homes.

"Ten years ago, we thought hitting even a 25 percentwind-penetration level would be extremely challenging, and anymore than that would pose serious threats to reliability," SPPVice President of Operations Bruce Rew said in a statement.

"Now we have the ability to reliably manage greater than 50percent wind penetration. It's not even our ceiling," Rew said.

Wind power briefly reached 52.1 percent at 4:30 a.m. localtime on Sunday, SPP said on Monday, beating the previouspenetration milestone of 49.2 percent. Wind penetration is ameasure of the amount of total load served by wind at a giventime.

Currently, wind is the third biggest source of generation inthe SPP region, making up about 15 percent of capacity in 2016behind natural gas and coal. This is the first time that windwas even briefly more than 50 percent of the source of electricpower at any U.S. grid, according to SPP.

"With a (generation) footprint as broad as ours, even if thewind stops blowing in the upper Great Plains, we can deployresources waiting in the Midwest and Southwest to make up anysudden deficits," Rew said.

Of the 11 states that received more than 10 percent of theirpower from wind in 2015, the top five are Iowa at 31 percent,South Dakota at 25 percent, Kansas at 24 percent, Oklahoma at 18percent and North Dakota at 18 percent, all at least partiallylocated in the SPP grid, according to the U.S. EnergyInformation Administration.

Some of the biggest wind farms in the grid are operated byunits of Sempra Energy, BP Plc, EDP Energias dePortugal SA, Southern Co and NextEra Energy Inc. (Reporting by Eileen Soreng in Bangaluru and Scott DiSavino inNew York; Editing by Jeffrey Benkoe)

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2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

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2 Apr 2024 11:00

Biden administration approves eighth US offshore wind project

WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.

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2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

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2 Apr 2024 08:55

European oil stocks gain on expectations for higher demand, supply concerns

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28 Mar 2024 10:00

How the oil industry is thriving despite Joe Biden's climate policies

GRAPHIC on Biden's oil boom: https://www.reuters.com/graphics/USA-BIDEN/OIL/lgpdngrgkpo/

By Nichola Groom, Jarrett Renshaw

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27 Mar 2024 20:59

New England offshore wind auction draws multiple bidders

March 27 (Reuters) -

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27 Mar 2024 12:47

Ithaca Energy gets bid rights on Eni's UK assets, profit slips

March 27 (Reuters) - Ithaca Energy has been given a four-week exclusivity period by Italy's Eni, to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.

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27 Mar 2024 09:01

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

*

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27 Mar 2024 08:31

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

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25 Mar 2024 16:51

LONDON MARKET CLOSE: Renewed global tensions put pressure on stocks

(Alliance News) - Stock prices in London started the week in bad shape and closed lower on Monday, as investors sat on their hands amid rising global tensions.

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21 Mar 2024 15:00

UK dividends calendar - next 7 days

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19 Mar 2024 16:57

LONDON MARKET CLOSE: European large-caps rise on eve of Fed decision

(Alliance News) - Blue-chip stock prices in Europe closed higher on Tuesday, showing little signs of nerves ahead of Wednesday's Federal Reserve decision and UK inflation reading.

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19 Mar 2024 11:52

LONDON MARKET MIDDAY: European markets flat ahead of Fed and BoE

(Alliance News) - Stock prices in London were down at midday on Tuesday, as investors sat on their hands ahead of interest rate decisions from the UK and US.

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18 Mar 2024 11:49

LONDON MARKET MIDDAY: FTSE 100 as shakes off pre-interest rate nerves

(Alliance News) - Stock prices in London were higher at midday Monday, as eyes were firmly on interest rate decisions across the globe.

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15 Mar 2024 13:07

IN BRIEF: Costain wins place on GBP4 billion carbon capture project

Costain Group PLC - Maidenhead, Berkshire-based construction and engineering firm - Selected as one of nine specialist partners to deliver a carbon capture project beneath the North Sea off the east cost of England. The engineering, procurement, and construction contracts for the East Coast Cluster have a combined value of around GBP4 billion, Costain says. The contracts will be with Net Zero Teesside Power and the Northern Endurance Partnership. NZT Power is a electricity generating joint venture of the UK's BP PLC and Norway's Equinor. NEP is a joint venture of BP, Equinor and France's TotalEnergies SE that will provide CO2 transport and storage for the East Coast Cluster. Final investment decisions are expected in September or earlier, with the projects aiming for commercial operations from 2027.

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