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  1. Coal News: Alaska Natives to protect land for California carbon program

    This Oct. 26, 2016, photo provided by New Forests Inc. shows Chugach Alaska Corp. lands in Carbon Mountain, Alaska. An undeveloped Alaska coal field, California's offsets for carbon pollution and thousands of acres of forest are the unlikely players in a complex agreement that is expected to generate millions for an Alaska Native organization. (Nathan Lojewski/New Forests via AP) ANCHORAGE, Alaska (AP) — An undeveloped Alaska coal field, California's offsets for carbon pollution and thousands of acres of forest are the unlikely players in a complex agreement that is expected to generate millions for an Alaska Native organization. The agreement protects the land from development and sets up financial benefits for the Chugach Alaska Corp., a regional Alaska Native corporation representing 2,500 Aleut, Eskimo and Indian shareholders around Alaska's Prince William Sound. Many largely rely on commercial fisheries and a subsistence lifestyle. The corporation will preserve 115,000 acres of its forested land that will be used to calculate credits purchased by California polluters through the state's "cap and trade" program to reduce greenhouse gas emissions. It's not an unusual move, with protected forests in Michigan, South Carolina, New Hampshire, Virginia, Wisconsin and Arizona feeding into the program, said Dave Clegern, California Air Resources Board spokesman. Alaska's effort to join California's aggressive program to fight climate change comes as President Donald Trump's administration has vowed to loosen environmental protections and disputed global warming. Participants in the deal say other Alaska Native corporations are pursuing similar projects. They declined to disclose the price of their agreement, saying the terms are confidential. Potential payoffs from the carbon offsets, however, are expected to run in the millions for a long period of time, according to Josie Hickel, a Chugach senior vice president and shareholder. "This is an opportunity to provide financial benefits for our shareholders for years to come," Hickel said this week. "And it's a way to do it with a balanced approach to how we look at and manage our resources." The agreement signed in December also calls for Chugach to sell the coal rights on 62,000 acres to New Forests, a sustainable forestry investment firm. New Forests, in turn, is retiring those rights and transferring them to two conservation groups, the Nature Conservancy and the Native Conservancy land trust. "This is precedent-setting for numerous reasons," including the benefit of keeping intact the pristine environment and the region's fishing way of life, said Dune Lankard, founder of the Native Conservancy land trust, located in the coastal fishing town of Cordova, about 50 miles from the Bering River coal field. He said his group will safeguard the field at the edge of the Copper River Delta, home to sensitive wetlands, highly valued wild salmon fisheries and habitat for subsistence species including moose, deer and millions of migratory birds. "We'll actually be the defenders and protect this land from ever being developed by anyone," Lankard said. Of the land being protected, the forest and the coal field overlap on 11,000 acres. The carbon offsets will be based on the corporation's commitment to maintain the number of trees in the forest, said Brian Shillinglaw, investment programs director for New Forests. Before that can happen, a detailed forest inventory must be done, which can take more than a year before going through California's regulatory process. Then, the carbon offsets, or credits, can be sold to businesses regulated under the California program. "It's a win-win," Shillinglaw said. "It's really a signal that California's climate policies are leading to a situation where, in this case, the forest is more valuable left standing and coal is most valuable left in the ground."

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    Sat, 28 Jan 2017

  2. PHI completes smart grid investment programs

    Pepco Holdings Inc. (PHI) has completed multiple smart grid programs , through the Smart Grid Investment Grant Programs offered through the U.S. Department of Energy (DOE).

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    Thu, 16 Jan 2014

  3. Prysmian completes submarine transmission cable between Sicily, Calabria

    Prysmian developed and produced a double-circuit 380 kV HVAC land and submarine cable transmission system installed along a total route of about 27 miles  

    Online Articles

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    Fri, 3 Jun 2016

  4. Trouillo takes senior hydropower advisor role at Mott MacDonald

    Mott MacDonald has appointed Bruno Trouillo as a senior hydropower advisor in its global dams and hydropower business, the global infrastructure management, engineering and development firm announced.

    Online Articles

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    Thu, 5 May 2016

  1. Trouille takes senior hydropower advisor role at Mott MacDonald

    Online Articles

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    Thu, 5 May 2016

  2. Algon Group expands energy advisory practice

    Financial advisory firm Algon Group has expanded its advisory services to the energy sector with the recent addition of Geir Aune, Dirk M. Van Doren, and Rich Bernardy to the firm.

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    Tue, 29 Mar 2016

  3. PSE&G capital investment program increases to $16 billion

    Public Service Enterprise Group plans to invest $16 billion over the next five years to provide customers with more reliable, affordable and cleaner energy 

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    Fri, 11 Mar 2016

  4. EIA forecasts lower oil prices, higher inventories in 2016

    In its February Short-Term Energy Outlook (STEO), the US Energy Information Administration forecast Brent crude prices to average $37.52/bbl in 2016, compared with a previous forecast of $40.15/bbl. West Texas Intermediate prices are expected to average $37.59/bbl, down from $38.54/bbl forecasted ...

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    Tue, 9 Feb 2016

  5. EIA cuts 2016 crude oil price forecasts in latest STEO

    The US Energy Information Administration has sharply cut its crude oil price forecasts through 2016 in its Short-Term Energy Outlook for January, which is the first to include a forecast for 2017. The cut is because of the continuing threat of a prolonged oversupply of crude as well as global ...

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    Tue, 12 Jan 2016

  6. ComEd, others modernize Illinois' electric grid

    The policy-based approach includes infrastructure investment programs , regulatory reform to support the investments and measurable customer reliability benefits

    Online Articles

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    Mon, 17 Jan 2011

  7. NYPA Trustees elect Robert F. Lurie as Power Authority's Chief Financial Officer

    The New York Power Authority (NYPA) Trustees on Thursday, May 22, elected Robert F. Lurie to serve as NYPA’s executive vice president and chief financial officer, responsible for overseeing the financial operations of the statewide public power utility, which owns and operates 16 power plants and ...

    Online Articles

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    Fri, 23 May 2014

  8. Surgutneftegas commissions hydrocracker

    Russia’s Surgutneftegas has commissioned a 98,000-b/d hydrocracker at its 335,900-b/d Kirishinefteorgsintez refinery near St. Petersburg.

    Online Articles

    Online Articles

    Thu, 2 Jan 2014

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