Gas Transmission Pipeline – Storm Field Services LLC http://stormfieldservicesllc.com/ Fri, 18 Nov 2022 22:19:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://stormfieldservicesllc.com/wp-content/uploads/2021/05/storm-field-services-llc-icon-1-150x150.png Gas Transmission Pipeline – Storm Field Services LLC http://stormfieldservicesllc.com/ 32 32 US energy regulator gives green light to North West gas pipeline expansion https://stormfieldservicesllc.com/us-energy-regulator-gives-green-light-to-north-west-gas-pipeline-expansion/ Fri, 18 Nov 2022 22:19:51 +0000 https://stormfieldservicesllc.com/us-energy-regulator-gives-green-light-to-north-west-gas-pipeline-expansion/

Alanna Madden

(CN) – A Canadian energy company could see its plans to increase gas pipeline capacity in the Northwest come to fruition after the Federal Energy Regulatory Commission concluded on Friday that the project would have little negative impact on the environment – despite objections from states and environmentalists.

The final environmental impact of the regulator statement for TC Energy’s “GTN Express Project,” a plan to modify compressor stations along the Gas Transmission Northwest pipeline through Oregon, Washington, and Idaho, found the project would result in “limited negative impacts on the environment “. The agency reached the same conclusions in an earlier draft last June, after TC Energy applied to expand its pipeline in October 2021.

The project specifically offers to modify three existing compressor stations while installing new gas cooling bays, turbine compressors and associated piping at Starbuck and Kent compressor stations in Washington State. The plan would increase Canada’s gas throughput by 150 million cubic feet per day.

Opponents of the project say increasing methane in the region would emit 3.47 million metric tons of carbon dioxide equivalent per year for at least the next 30 years.

“This is equivalent to adding 754,000 cars to the road each year through 2052,” Washington State Attorney General Bob Ferguson said in a statement. statement last August, when he joined the attorneys general of California and Oregon in a motion of protest and intervention against TC’s plan to obstruct states’ efforts to reduce greenhouse gases.

“There is insufficient evidence that the project serves a public necessity or the public interest,” Ferguson wrote in the motion. “Instead, the evidence indicates that existing customers will subsidize the expansion, and the project will primarily serve the interests of Canadian gas producers in gaining market share, not the needs of US consumers.”

Additionally, conservation groups such as Columbia Riverkeeper filed a petition with the commission last August in opposition to the project, but to no effect given Friday’s decision – which acknowledged the project’s effects on climate change, if only in passing.

“With the exception of climate change impacts which are not characterized in this EIS as significant or insignificant, staff conclude that the environmental impacts of the Project would not be significant,” the panel said in its report.

For some, the final assessment is a disappointment.

“From wildfires to droughts, Columbia River communities are increasingly experiencing the impacts of climate change. That’s why West Coast states are united against GTN’s expansion plans,” said Lauren Goldberg, executive director of Columbia Riverkeeper. “FERC’s approach will make the climate crisis worse, minimizing the impacts of a proposal that will pollute our communities, affect health and safety and create millions of tons of climate pollution every year.”

]]>
Here’s why Enbridge is a no-brainer dividend stock https://stormfieldservicesllc.com/heres-why-enbridge-is-a-no-brainer-dividend-stock/ Sun, 13 Nov 2022 16:11:00 +0000 https://stormfieldservicesllc.com/heres-why-enbridge-is-a-no-brainer-dividend-stock/

Most dividend-oriented investors tend to focus on a stock’s dividend yield. However, the most important factor to consider is whether the company can increase its payment. According to data from Ned Davis Research and Hartford Funds, companies that have maintained their dividend have generated average annual total returns of 7.1% since 1973. On the other hand, dividend growth stocks have generated an annual total return of by 10.7%.

One of the great things about Enbridge (NYSE: ENB) is it offers the best of both worlds. The Canadian energy infrastructure giant offers a high dividend yield (6% compared to 1.7% for the S&P500). It has also steadily increased its payout, achieving 27 consecutive years of dividend growth. With more growth to come, it’s an easy dividend stock to buy.

A rock-solid high-yield payout

Enbridge has one of the lowest risk business models in the energy industry. It focuses on exploiting pipelines and utilities supported by long-term contracts and government-regulated tariff structures. Overall, 98% of its cash flow comes from stable contract and rate structures, with 80% having inflation protections in place. Meanwhile, 95% of its customers have superior credit quality (meaning they can continue to pay Enbridge even if market conditions deteriorate). These factors allow Enbridge to generate very stable cash flows.

The company typically pays out 60% to 70% of its stable cash flow through the dividend. This provides it with a good cushion while allowing it to retain cash to fund expansion projects. Enbridge also has an investment-grade credit rating with a leverage down to its debt-to-equity ratio of 4.5 to 5.0.EBITDA target range. These two factors put the dividend on rock solid ground. They also provide Enbridge with billions of dollars in annual capacity to fund organic expansions and acquisitions.

Enbridge has taken several steps over the past few years to reduce risk and improve its portfolio and balance sheet. The latest example came earlier this year. Enbridge has reduced its stake in a natural gas gathering and processing company Intermediate DCP in an agreement with Phillips 66. In exchange, Enbridge increased its stake in the Gray Oak pipeline and received $400 million in cash. This transaction reduced its exposure to commodity prices, increased its stake in a stable pipeline and increased its distributable cash flow per share and its balance sheet. This put its dividend on an even stronger footing.

Visible future growth

Enbridge has already lined up billions of dollars expansion projects. These projects run the gamut from gas pipeline extensions, gas transmission system extensions, offshore wind farms in Europe, renewable natural gas projects, additional oil storage capacity and a liquefied natural gas (LNG) development. These projects give the company a clear vision of future growth:

Data source: Enbridge.

Enbridge has secured sufficient capital projects to grow its cash flow at a mid- to high-single digit annual rate through at least 2024. Meanwhile, it has added several extensions to its backlog this year which will come online between 2025 and 2028. It should be noted that an increasing percentage of its investments are in low-carbon energy sources, which puts it in an excellent position to meet future energy needs. Enbridge should therefore have the fuel to continue to grow its cash flow at a healthy pace for many years to come.

This growing cash flow should allow Enbridge to continue to increase its dividend. Given that the company’s dividend payout and debt ratios are within its target ranges, the company could increase its dividend at the same rate as cash flow growth. This suggests that an annual dividend growth of 5-7% is possible over the next few years.

A great stock for earning dividend income

Enbridge has been an exceptional dividend-paying stock over the years. It should continue to be one in the future as it offers a high yielding dividend that will likely continue to grow. This combination of solid earnings and visible growth makes it an easy dividend stock to buy and hold for the long term.

10 stocks we like better than Enbridge
When our award-winning team of analysts have stock advice, it can pay to listen. After all, the newsletter they’ve been putting out for over a decade, Motley Fool Equity Advisortripled the market.*

They have just revealed what they believe to be the ten best stocks for investors to buy now…and Enbridge was not one of them! That’s right – they think these 10 stocks are even better buys.

View all 10 stocks

* Portfolio Advisor Returns as of November 7, 2022

Matthew DiLallo has positions in Enbridge and Phillips 66. The Motley Fool has positions in and recommends Enbridge. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

]]>
REN Redes Energeticas Nacionais SGPS SA: Consolidated results for the first 9 months of 2022 https://stormfieldservicesllc.com/ren-redes-energeticas-nacionais-sgps-sa-consolidated-results-for-the-first-9-months-of-2022/ Thu, 10 Nov 2022 17:19:20 +0000 https://stormfieldservicesllc.com/ren-redes-energeticas-nacionais-sgps-sa-consolidated-results-for-the-first-9-months-of-2022/


Overview of the period

Company performance

Shaping a sustainable future

Closing remarks

1. Overview of the period

1. Overview of the period

KEY MESSAGES

9M22

EBITDA improved by 5.1% over one year to €360.9 million, mainly driven by Domestic EBITDA performance (+€12.5m) reflecting more assets

and operating remuneration (+€16.4m), slightly offset by higher core operating expenses (+€4.2m), due to higher electricity costs at the LNG Terminal (+€7.9m) .

Solid international contribution, with an impact of +€5.0m in EBITDAof which Electrogaz represents +€3.5 million.

Net income up to €81.4m (a 19.1% improvement compared to 9M21), mainly attributed to a increase in EBIT (+€11.5m) and better financial results (+€5.3 million), partly offset by a rise in taxes (+€2.8 million) and an increase in levies (+€1.0 million), due to a higher RAB.

Capex reduction of €15.7m to €126.0m compared to €141.7m in 9M21. Transfers to RAB increased by €2.8m to €83.2m vs 9M21, corresponding to the increase in gas distribution activity (+€2.8m), while the positive change in electricity (+2 .7 M€) was fully offset by the gas transport activity.

Renewable Energy Sources (RES) achieved 44.4% of total supply (around -16.6 pp than in 9M21), linked to the scarcity of renewable energies, a consequence of current environmental conditions. Electricity consumption has increased 2.9% while natural gas fell by 1.2%.

The quality of service remains our primary concern, illustrated by the progress of power transmission lossesthe exceptional combined availability rate for electricity and gas and better emergency response time in natural gas

Distribution.

1. Overview of the period

SECTOR OVERVIEW

Commitment to hydrogen infrastructure and energy transition

council regulations

(EU) 2022/1854

+

Resolution of the

Council of Ministers

82/2022

+

Decree-Law n.º 72/2022

PDIRD 2022

Gas development

Planning 2023-2027

Measures to reduce energy prices and electricity consumption

  • Electricity demand reduction10% for gross electricity and 5% for peak hours between 1 November 22 and 31 March 23
  • Cap at €180/MWhon market revenue for inframarginal generators1
  • Solidarity levy for the fossil fuel sector

Preventive measures to secure supply

  • Initiate a strategic water reservein reservoirs associated with hydroelectric plants
  • guaranteed for strengthen underground gas storagewith at least 2 additional cavities
  • Approved the installation of the infrastructure necessary for the natural gas transshipmentand authorized the operator of the LNG terminal to invest the sum of €4.5 million for this purpose.

Measures to accelerate renewable projects

  • Publication of Decree-Law n.º 72/2022 follows Decree-Law n.º 30-A/2022 and approves new measures to ensure simplification proceduresfor the production of energy from renewable sources in Portugal. For example, it establishes compensation for municipalities (13.5 k€ per MVA), using the Environmental Fund, to facilitate the promotion of renewable energies and local development. In addition, it ensures the appropriate conditions for the development of the 2019, 2020 and 2021 auction projects by extending the experimental period and updating the inflation tariff from the date of the auction until the date of entry into operation of photovoltaic power plants.
  • ERSE has analyzed PDIRD 2022 and recommends a revision of these five-year plans which implies a substantial reduction in the amount of investments proposed – 70% reduction in Business Devolpment and 50% decarbonization. The DSOs will now have to reflect on the recommendations made by the ERSE, the DGEG, the TSO and the public, and submit a final proposal. Eventually, approval will come under the jurisdiction of the Ministry of the Environment and Energy Transition.

Energy transition and renewable gas

  • The “H2 Agenda “Green Valley”submitted for the PRR 2was selected for the negotiation phase with IAPMEI 3.
  • REN will develop an H2 pipeline backbone with a capacity to receive up to 2 GW of production from electrolyzers in Sines. The financing agreement should be signed in December 2022.
  • REN has developed a detailed project plan and is undergoing market assessment review to maximize user connections through the end of Q4 2025.

1 Including intermediaries, which use so-called inframarginal technologies to generate electricity, such as renewables, nuclear and lignite | 2 Portuguese recovery

9M22 RESULTS

5

and resilience plan | 3 Agency for Competitiveness and Innovation

This is an excerpt from the original content. To continue reading it, go to the original document here.

Disclaimer

REN – Redes Energéticas Nacionais SGPS SA published this content on November 10, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Nov 10, 2022 5:18:01 PM UTC.

Public now 2022

All news about REN – REDES ENERGTICAS NACIONAIS, SGPS, SA

2022 sales 840 million
844M
844M
2022 net income 106 million
106 million
106 million
Net debt 2022 2,261 million
2,272 million
2,272 million
PER 2022 ratio 16.8x
2022 return 5.78%
Capitalization 1,738 million
1,746 million
1,746 million
EV / Sales 2022 4.76x
EV / Sales 2023 4.84x
# of employees 697
Floating 57.4%

Chart REN – REDES ENERGTICAS NACIONAIS, SGPS, SA


Duration :

Period :




REN - Redes Energ

REN Technical Analysis Trends – REDES ENERGTICAS NACIONAIS, SGPS, SA

Short term Middle term Long term
Tendencies Bullish Bearish Bearish




Evolution of the income statement

Sale

To buy

Medium consensus HOLD
Number of analysts 9
Last closing price 2,62 €
Average target price 2,79 €
Average Spread / Target 6.63%


]]>
Midterms 2022 in the United States: the composition of the next American Congress weighs on the authorization of reforms https://stormfieldservicesllc.com/midterms-2022-in-the-united-states-the-composition-of-the-next-american-congress-weighs-on-the-authorization-of-reforms/ Fri, 04 Nov 2022 20:20:00 +0000 https://stormfieldservicesllc.com/midterms-2022-in-the-united-states-the-composition-of-the-next-american-congress-weighs-on-the-authorization-of-reforms/

Stalled efforts to reform the federal energy infrastructure licensing process could resurface after the Nov. 8 U.S. midterm elections, even if Democrats lose one or both houses of Congress.

Not registered?

Receive daily email alerts, subscriber notes, and personalize your experience.


Register now

But the close contest for control of the federal legislature also has significant implications for how and when the next crack in passing authorizing legislation could take shape.

Nonpartisan public polls suggest close races for control of the equally divided U.S. Senate as well as the House of Representatives, where Democrats have an eight-vote majority. If Republicans win the House, as election forecasters project, some Washington watchers still see the possibility of a compromise measure.

“It’s close enough to a quantum leap to enable reform under current political dynamics,” Rob Rains, senior energy analyst at independent research firm Washington Analysis, said in an interview. “It will depend on the outcome of the election.”


Lawmakers from both major parties released proposals to authorize bills that offered a sense of policy priorities and potential battle lines. US Senator Joe Manchin, Democrat of West Virginia, tried unsuccessfully to tie the permission policy updates to a continued resolution to fund the government in September. Seventy-two House Democrats had opposed that approach.

Still, there was talk of the potential for a compromise between Manchin’s proposal and a more aggressive proposal from West Virginia Republican Sen. Shelley Moore Capito, which most Senate Republicans favored.

Each package aimed to streamline permits and speed up federal reviews for a range of energy projects, and Manchin and Capito have expressed their willingness to negotiate a new version of a reform bill.

The stakes for the energy sector are high.

Electric transmission projects face serious permitting hurdles that come with building interstate infrastructure in the United States, and Democratic lawmakers want to help site transmission projects in support of the the recently adopted reduction in inflation, with its billions in energy and climate expenditure. Republicans and some Democrats, including Manchin, also want to streamline the licensing process for interstate gas pipeline companies and other infrastructure developers under the National Environmental Policy Act and Environmental Quality Act. after a series of major legal setbacks for oil and gas projects upended billions of dollars in spending over the past few years.


Trade-off window

If Democrats return to Washington on November 14 after losing both houses of Congress, they could feel greater pressure to pursue permit reform during the lame duck session before the start of the 118th Congress in January 2023, according to Christi. Tezak, managing director of ClearView Energy Partners. . Potential vehicles could be an omnibus spending bill after the midterm elections or a defense authorization bill.

“If the chambers flip, then Democrats would have the incentive to move something this session to say it’s already been done, so we won’t need the Republican Congress to authorize reform,” Tezak said. “You’d get something softer. That’s exactly why Republicans would want to find a way to prevent it so they can do more and possibly tie it to something they think Biden could. veto.”

Washington’s analysis pegged “odds just above the likelihood that a deal will be struck to allow reform to move forward.”

“We recognize that the window is small and, depending on the election outcome, Republicans may not want to negotiate a compromise measure, choosing instead to wait until after the 2024 presidential election when the party could hold trifecta rule. “Rains said in a recent note to clients.

“A possible future to enable reform”

Manchin’s proposal sought to limit environmental permit reviews to two years, shorten the time frame for public comment, and limit states’ ability to delay pipeline projects due to water quality concerns.

Capito’s proposal called for enshrining in law Trump-era reforms that sought to curb state water quality reviews under the Clean Water Act that some states like New York have used. to oppose pipeline projects. The Republican Permit Reform Bill would also have codified a 2020 regulation aimed at limiting the scope of environmental reviews and, like Manchin’s proposal, established a two-year time limit for reviews. The Biden administration decided to roll back the regulations in June.

Another provision of Capito’s proposal would seek to give states more control over leasing oil and gas on certain federal lands within their borders.

The separate permit packages also called for expediting approval of the Mountain Valley Pipeline natural gas transmission project, a priority for the two West Virginia senators. According to James Coleman, a professor of energy law at Southern Methodist University, the Mountain Valley provisions represented “a recognition that the biggest problem is the endless judicial scrutiny of these projects.”

S&P Global Ratings also described litigation as the “most significant source of construction delays and cost increases” for the midstream industry. Ratings said “any reforms that may be enacted” would be unlikely to prevent litigation against projects. But Ratings nevertheless described Manchin’s proposed permit review as a “more immediate and impactful driver of intermediate credit quality” than the Cut Inflation Act.

“This illuminates a possible future for permit reform, one that limits the scope and timing of environmental reviews of major energy projects such as pipelines, transmission lines and wind farms,” ​​Ratings said.

mountain valley

A controversial provision for Republicans in Manchin’s permit reform push was a section intended to expedite the implementation of electric transmission. Some Republicans have raised concerns that the bill would trump state authorities by giving federal regulators power over transmission projects across the country.

The federal government tightly regulates the location of gas transmission infrastructure under the Natural Gas Act. The government does not have the same authority over power infrastructure siting, which is primarily left to the states under the Federal Power Act, although large transmission lines often require some sort of federal permit.


“The Capito bill and the Manchin bill seemed to be jostling the authorities,” Coleman said in an interview. “A real permissions reform bill that actually gets passed would need to be more thorough.”

The recent campaign for permission changes nevertheless presented a promising sign for the long-term prospects of permission reform, as it showed that “it’s not just industry or market voices saying that we need to expedite clearance,” Coleman said. The provisions of the permit package have also been applauded by grid expansion advocates and some clean energy groups.

“If it’s not addressed in this Congress, it will definitely be a priority for the 118th Congress, whoever is in charge,” said Kellie Donnelly, former chief counsel for the Senate Energy and Natural Resources Committee. , at an event at Columbia University. Focus on global energy policy days after Manchin’s failed bill.

“But it’s a big priority for the Republican caucus,” Donnelly said.

S&P Global Commodity Insights reporter Corey Paul produces content for distribution on Capital IQ Pro.

]]>
Enbridge (ENB) Expands the T-South Pipeline Segment of the British Columbia Pipeline System https://stormfieldservicesllc.com/enbridge-enb-expands-the-t-south-pipeline-segment-of-the-british-columbia-pipeline-system/ Fri, 04 Nov 2022 11:01:27 +0000 https://stormfieldservicesllc.com/enbridge-enb-expands-the-t-south-pipeline-segment-of-the-british-columbia-pipeline-system/

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here.


Enbridge Inc. (NYSE: IN B) today announced the successful completion of a bidding season for increased transportation capacity on the T-South segment of its BC Pipeline (T-South), a network of natural gas pipelines that originates near Chetwynd, British Columbia (BC) and extends south to the Canada-US border at Huntingdon-Sumas.

The opening season was oversubscribed, and Enbridge sanctioned and is proceeding with a 300 million cubic feet per day (MMcf/d) expansion at a capital cost of up to C$3.6 billion. “This expansion illustrates the immense strategic importance of our natural gas system in British Columbia to meet regional and global energy demand with low-emission natural gas,” said Cynthia Hansen, Executive Vice President and President of the gas transmission and midstream operations at Enbridge. “And it also demonstrates how we are able to leverage our conventional transmission assets to extend our growth and generate value for our shareholders.”

T-South’s expansion will involve the addition of pipeline loops and additional compression within a cost-of-service framework, supported by long-term contracts with a weighted average life of 65 years. The location of the loops and the accompanying compression will be determined in the coming months after detailed consultation with Indigenous communities and stakeholders and once the environmental and route assessment has been completed. Once complete, the capital cost estimate will be updated before the regulatory filing, expected in 2024.

“Enbridge’s underground assets continue to be in high demand and will continue to be essential in supporting growing energy demand while providing the world with a safe and secure source of energy,” added Mr. Hansen.

Pending regulatory approvals, the target in-service date for the T-South expansion is somewhere in 2028.

]]>
DTE Energy Company – Consensus indicates 9.9% upside potential https://stormfieldservicesllc.com/dte-energy-company-consensus-indicates-9-9-upside-potential/ Tue, 01 Nov 2022 11:58:04 +0000 https://stormfieldservicesllc.com/dte-energy-company-consensus-indicates-9-9-upside-potential/

DTE Energy Company with ticker code (DTE) now have 15 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 142 and 115, with the average target price standing at 124.93. With the stock’s previous close at 113.64, this would imply 9.9% upside potential. The 50-day moving average is 121.32 and the 200-day MA is 125.68. The company has a market capitalization of $21,720 million. Company website: https://newlook.dteenergy.com

The potential market capitalization would be $23,878 million based on market consensus.

You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.

DTE Energy Company engages in utility operations. The Company’s Electric segment generates, purchases, distributes and sells electricity to approximately 2.3 million residential, commercial and industrial customers in Southeast Michigan. It generates electricity from fossil fuels, hydroelectric pumped storage and nuclear power plants, as well as wind power and other renewable assets. This segment owns and operates approximately 698 distribution substations and 449,800 line transformers. The Company’s Gas segment purchases, stores, transports, distributes and sells natural gas to approximately 1.3 million residential, commercial and industrial customers throughout Michigan; and sells storage and transport capacities. This segment has approximately 20,000 miles of distribution lines; 1,304,000 service pipelines; and 1,305,000 active meters, and has approximately 2,000 miles of transmission pipelines. The Company’s Power and Industrial Projects segment offers metallurgical coke; pulverized coal and petroleum coke for steel, pulp and paper and other industries; and power generation, steam and chilled water, and wastewater treatment services, as well as the supply of compressed air to industrial customers. Its Energy Trading segment is engaged in the marketing and trading of electricity, natural gas and the environment; structured transactions; and optimization of natural gas pipeline transmission and storage contract positions. The company was founded in 1903 and is headquartered in Detroit, Michigan.

]]> Hydrogen Blending in Gas Pipelines Could Happen to California | Davis Wright Tremaine LLP https://stormfieldservicesllc.com/hydrogen-blending-in-gas-pipelines-could-happen-to-california-davis-wright-tremaine-llp/ Fri, 28 Oct 2022 18:46:35 +0000 https://stormfieldservicesllc.com/hydrogen-blending-in-gas-pipelines-could-happen-to-california-davis-wright-tremaine-llp/

Hydrogen blending in gas pipelines could soon be coming to a college campus or town near you. Southern California Gas Company (SoCalGas), San Diego Gas & Electric Company (SDG&E) and Southwest Gas Corporation (Southwest Gas) filed a Joint application with the California Public Utilities Commission (CPUC) seeking to implement hydrogen blending demonstration projects. The $35 million projects will collect and analyze 18-month field test data using increased concentrations (from 5% to 20%) of hydrogen blended into steel and plastic natural gas distribution pipelines. plastic to help inform a future system-wide hydrogen injection standard. Proponents believe this is an important step toward decarbonizing the gas sector and ultimately achieving a clean gaseous fuel delivery system in California.

As described below, this is the Applicants’ second attempt to obtain approval for hydrogen blending demonstration projects. Their hope is that this time, by collaborating with the University of California at Irvine, the University of California at San Diego, and the city of Truckee (next to Lake Tahoe), their app will fare better.

A number of speakers, including the Sierra Club and the Environmental Defense Fund (EDF), disagreed with the scope, necessity and cost of the applicants’ proposal, so it remains to be seen how the CPUC will react.

The joint request is not without supporters: PG&E, Southern California Edison, the Coalition for Renewable Natural Gas, the Green Hydrogen Coalition and the California Hydrogen Business Council have filed supportive comments. Of particular interest is that PG&E’s comments revealed part of its own parallel hydrogen strategy.

This walkthrough has the potential to reveal the hydrogen strategy for all California utilities, and is worth watching for anyone interested in what the future of hydrogen in California might look like (let alone the future). potential effect on the use of hydrogen on a national scale). A pre-hearing conference has been proposed for November 2022 and the CPUC is expected to indicate its next steps before the end of the year.

The second application can be the charm

In November 2020, SoCalGas, SDG&E, Southwest Gas and PG&E filed a application seek approval for an accounting account to simply record the cost of implementing a hydrogen blending demonstration program. The CPUC finally fired this request as incomplete, premature and duplicative. The CPUC determined that the application did not provide sufficient detail to explain how it related to existing hydrogen studies, namely the Study of the impacts of hydrogen blending at the University of California, Riverside Study (UC Riverside Study) and California Energy Commission (CEC) research on the use and effects of hydrogen mixtures on end-use devices. The CPUC did, however, provide some guidance on what a future app should show:

  • Improved collaboration with stakeholders including UC Riverside, CEC and other parties;
  • how the results would apply to all of the applicants’ gas pipeline systems and a detailed timeline, a budget for approval by the Commission and details of each component of the proposed research program;
  • The extent of distribution or transmission pipeline research to test the effect of hydrogen embrittlement and the durability and integrity of pipeline materials and components, such as meters and station equipment compression;
  • How will interim reports be conducted for the benefit of stakeholders;
  • Sufficient information on the total costs of the claim and cost recovery, including whether claimants intend to recover capital costs from ratepayers; and
  • Reasonable attempts to use existing funds authorized by the CPUC and the federal government.

The petitioners expressly attempted to follow these indications in the joint petition.

The environmental community has concerns

The Sierra Club and EDF each filed protests expressing concerns about the safety, need and cost to ratepayers of the proposed hydrogen blending projects. The Sierra Club says the CPUC has never come to the conclusion that hydrogen blending in residential and commercial buildings is an appropriate or cost-effective strategy to meet California’s climate goals, particularly in relation to the emphasis put on general electrification strategies, and argues that these projects pose health, climate and safety risks. EDF argues that the scale and scope of demonstration projects will significantly limit the lessons that can be learned from them, and raise the real possibility that these projects will fail to address all of the key issues that should be addressed.

In response to these concerns, the applicants argue that the goal of the projects is to ultimately enable the use of hydrogen blending as a complementary tool to other decarbonization strategies, including electrification, to reduce carbon emissions. GHG emissions and to support the reliability and resilience of the energy sector. In addition, applicants reiterate that they are committed to developing and implementing a robust set of security-related actions during the planning and development phases of projects.

PG&E unveils its own hydrogen projects

In its response to the bid, PG&E offers strong support for hydrogen demonstration projects. Along with the plaintiffs’ plans, PG&E explains that it plans to focus its efforts on blending hydrogen into the gas transmission system by developing a stand-alone gas transmission facility that does not feed into the existing gas transmission system. (but no request from PG&E yet!). Initial hydrogen blend levels for the system are set at 5%, followed by a gradual increase from 5% up to 30% in the high pressure gas transmission system. PG&E intends to provide long-term operational data on the impacts of hydrogen blending on operations and maintenance, pipeline integrity, gas quality and metering, fluid hydraulics, and safety .

As usual, California is at the forefront of energy innovations with potential national implications, so stay tuned!

[View source.] ]]>
Duke Energy Corporation (Holdin – Consensus indicates 20.6% upside potential https://stormfieldservicesllc.com/duke-energy-corporation-holdin-consensus-indicates-20-6-upside-potential/ Tue, 25 Oct 2022 11:58:24 +0000 https://stormfieldservicesllc.com/duke-energy-corporation-holdin-consensus-indicates-20-6-upside-potential/

Duke Energy Corporation (Holdin with the ticker code (DUK) now have 17 analysts covering the stock with the consensus suggesting a buy rating. The target price ranges between 120 and 94 with an average TP of 106.71. Now, with the previous closing price of 88.46, this would indicate that there is 20.6% upside potential. There is a 50 day moving average of 102.06 and the 200 moving average is now moving to 105.85. The company has a market capitalization of $68,289 million. Visit the company’s website at: https://www.duke-energy.com

The potential market capitalization would be $82,377 million based on market consensus.

You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes and sells electricity in the Carolinas, Florida and the Midwest; and uses coal, hydroelectricity, natural gas, oil, renewable energy generation and nuclear fuel to generate electricity. It is also engaged in the wholesale sale of electricity to municipalities, cooperative electric utilities and load service entities. This segment serves approximately 8.2 million customers in 6 states in the Southeast and Midwest regions of the United States covering a service territory of approximately 91,000 square miles; and has approximately 50,259 megawatts (MW) of generating capacity. The Gas Utilities and Infrastructure segment distributes natural gas to residential, commercial, industrial and power generation customers; and owns, operates and invests in natural gas pipeline transportation and storage facilities. It has approximately 1.6 million customers, including 1.1 million customers in North Carolina, South Carolina and Tennessee, and 550,000 customers in southwestern Ohio and northern Kentucky. The Commercial Renewable Energy segment acquires, owns, develops, constructs and operates wind and solar renewable energy generation projects, including unregulated renewable energy and energy storage services for utilities, cooperatives utilities, municipalities and business customers. It has 23 wind, 178 solar and 2 battery storage facilities, as well as 71 fuel cell locations with a capacity of 3,554 MW in 22 states. The company was previously known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2005. The company was founded in 1904 and is headquartered in Charlotte, North Carolina.

]]> KEC International lands new orders worth ₹2,402 crore https://stormfieldservicesllc.com/kec-international-lands-new-orders-worth-%e2%82%b92402-crore/ Sat, 22 Oct 2022 07:18:03 +0000 https://stormfieldservicesllc.com/kec-international-lands-new-orders-worth-%e2%82%b92402-crore/

New Delhi: KEC International, a leading global engineering, procurement and infrastructure construction (EPC) company, said on Saturday it had booked new orders worth 2,402 crores in its various businesses.

The RPG Group company’s transmission and distribution (T&D) business has won orders for T&D projects in the Middle East and Americas, it said in a statement.

The order includes 380 kV transmission lines in Saudi Arabia; a supply of pylons in the Middle East, secured by our subsidiary in the United Arab Emirates; a supply of pylons, hardware and poles in America, provided by our subsidiary, SAE Towers.

Its rail business also secured orders in conventional and technology-enabled segments in India.

The civil enterprise has secured orders for infrastructure works in the water pipe and data center segments in India, he said.

The company further said that the cable business has secured orders for various types of cables in India and overseas.

Vimal Kejriwal, MD and CEO of KEC International, said, “We are delighted with the continued flow of orders across all businesses. With the above orders, our order intake for the current year stands at around Rs. 10,500 crore, a robust growth of around 40% from last year. »

“Our International T&D backlog has improved significantly over the past few months, particularly in the Middle East region. Prestigious orders in the water pipeline and data center segments have reinforced our presence in these growing sectors. Our rail business further consolidated its backlog with orders in both conventional and emerging/new areas. These orders will contribute significantly to our targeted growth going forward,” he added.

KEC International is present in the vertical sectors of electricity transmission and distribution, railways, civil and urban infrastructure, solar energy, smart infrastructure, oil and gas pipelines and cables. The company currently executes infrastructure projects in over 30 countries and has a presence in over 110 countries.

Catch all the company news and updates on Live Mint. Download the Mint News app to get daily market updates and live trade news.

More less

]]>
How satellite connectivity can improve visibility and communication across the energy sector https://stormfieldservicesllc.com/how-satellite-connectivity-can-improve-visibility-and-communication-across-the-energy-sector/ Wed, 19 Oct 2022 18:32:47 +0000 https://stormfieldservicesllc.com/how-satellite-connectivity-can-improve-visibility-and-communication-across-the-energy-sector/

Amid an industry-wide labor shortage and global supply chain disruptions, the energy sector is under immense pressure to increase production. These issues, in addition to geopolitical tensions, are deeply complex and cannot be addressed on an individual scale.

Additionally, the energy industry faces major communication challenges as the workforce and equipment operate in remote and harsh environments. With assets and personnel constantly on the move in areas lacking traditional methods of connectivity, it can be difficult to monitor productivity and access field data. This, in turn, may impact other critical events or environmental compliance standards, as well as protective measures in the event of an emergency.

Although individual companies cannot independently strengthen the global supply chain, solve labor shortages or reconcile international relations, fortunately, this last set of connectivity issues can be improved. Where terrestrial cellular coverage is insufficient, satellite connectivity prevails. With satellite coverage, continuous connectivity can be ensured for remote asset tracking, asset management, secure communications at exploration sites, monitoring of transmission and deliveries tracked by the infrastructure of Internet of Things (IoT) and worker safety for improved business efficiency.

Given the current pressure on the energy industry, it is imperative to reduce costs and increase productivity wherever possible. Some challenges may be uncontrollable, but issues such as visibility, connectivity, and communication can undoubtedly be solved, resulting in significant benefits for business owners, employees, and customers.

Satellite IoT in action

Satellite IoT refers to the use of satellite communication networks and services to connect terrestrial IoT sensors and IoT endpoints to a server. The IoT enables interconnectivity between objects so that they can communicate and relay commands without requiring human-to-human or even human-to-computer interaction. The type of information relayed depends on the specific IoT sensor, which is determined based on the use case.

As a concept, it can be difficult to grasp how revolutionary this technology can be for the energy sector. While continuous and reliable asset connectivity and management sounds helpful, how exactly is the value realized? There are endless ways to implement satellite IoT; the limit of its applications is constrained only by the limit of the imagination.

Take cathodic protection (CP), for example. CP systems control corrosion, protecting the millions of miles of metal pipelines that carry petroleum products, natural gas, water and wastewater in our communities. However, to continue to be effective, these systems eventually need to be replaced. Traditionally, site inspections by pipeline personnel are required several times a year. With thousands of miles of pipeline traversing remote territory, a significant amount of time must be spent on staff time and travel expenses.

However, with satellite IoT, CP systems can be monitored wirelessly for pipeline operators around the world. The satellite IoT device provides continuous performance monitoring with automated alerts for unusual conditions or outages, and the ability to test remotely. Additionally, technicians can use any web-enabled device to access a cloud platform to see where CP systems are operating normally and download performance data, generate reports, and remotely change configurations. machines.

Another common application of satellite IoT in the energy industry is monitoring oil reservoirs. To maintain oil production, liquid levels in storage tanks at a drilling site require regular monitoring. Older gauge systems are complicated, expensive to install and calibrate, and often require personnel to check gauges by hand. Reservoir monitoring is increasingly handled remotely, but for on-the-go drilling rigs, cellular connection is unreliable.

Satellite-enabled IoT tools can illuminate reservoir level data, including GPS coordinates, allowing drilling companies and their suppliers to see all reservoirs, set automatic alerts when levels are low, and automate the dispatch of supply trucks to fill the tanks. Intelligent data processing on peripheral devices enables limited data transmission when tanks require no action and data condensing into short messages, reducing transmission costs. Drilling companies can effectively save thousands of unnecessary hours and ensure fluids are always available to support uninterrupted operation.

These examples are just a sample of the litany of ways satellite-based IoT technology can be leveraged across the energy industry.

Continuous Connectivity Meets Customization

To truly grasp the reliability of satellite connectivity, it is important to understand that this technology is used to save thousands of lives each year. For personnel working in remote locations, satellite messengers can be used to share location and status information in the event of an emergency. While thousands of people are ready to use satellite communications when their lives are at stake, every business owner should have peace of mind when it comes to using the same technology to monitor and manage their equipment, its fleet or assets.

Besides reliability, satellite IoT solutions can be customized to meet specific needs or use cases. Embedded satellite IoT chips can integrate with a wide range of hardware depending on application needs. However, the true extent of customization is achieved on the software side of the IoT.

With some devices and enabling platforms, instead of custom coding for specific device hardware, developers can, using a low-code platform, hardware abstraction and of unified APIs, interface seamlessly between the application and the capabilities of the satellite IoT edge device. By developing artificial intelligence (AI)-based applications that send intelligent data from the edge, energy companies can effectively reduce transmission costs associated with sending data from the IoT device to the endpoint or server, and improve operational performance.

Flexibility is also a useful attribute of satellite IoT solutions. Say, for example, an organization is looking to expand its IoT capabilities, additional sensors can quickly and easily provide valuable new functionality using Bluetooth connectivity. Additionally, if a business could benefit from machine learning and executables to improve the performance of systems in the field, the right IoT partner will have the storage and processing power to run applications at the edge, and of the platform to simplify configuration, application development and device management.

As society continues to advance with technology, many are turning to renewable energy options in addition to traditional energy sources like oil and gas. These power generation methods are also often located in remote areas and would benefit from satellite IoT as much as any other organization that has people and assets located in isolated areas.

The beauty of satellite IoT is that it will work for you, regardless of your specific needs or geographic location. For those operating in remote areas who stand to gain from visibility, reliability, reduced costs and reallocation of employee hours, consider satellite IoT to meet today’s demands. of the energy sector.

David Haight is the Vice President of IoT for Globalstar. He is a prominent telecommunications and IoT industry leader with extensive experience growing network connectivity and developing impactful strategies to build partner channels and strategic relationships in the IoT.

]]>