Palisades Nuclear Restart, CPS Energy Purchase: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

POWER
Holtec To Get $1.5 Billion DOE Loan to Restart Nuclear Plant - The U.S. Department of Energy (DOE) said on Wednesday it would loan Holtec International (Juptier, Florida) $1.52 billion to help restart the 800-megawatt (MW) Palisades nuclear power plant in Michigan, which was shut down in 2022, potentially making it the first nuclear plant to be recommissioned in the U.S. The loan is dependent on Holtec meeting several technical, legal, environmental, and financial conditions, according to the DOE loan office. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for related project reports. (Reuters)

CPS Energy to Buy Gas Plants from Talen Power - Utility firm CPS Energy (San Antonio, Texas) said on Wednesday it would buy natural gas plants in Corpus Christi and Laredo in Texas from Talen Energy (Houston, Texas) for $785 million. The acquisition adds a 1,710-MW generation portfolio, located in the south zone of the Electric Reliability Council of Texas (ERCOT), to CPS' capacity. The transaction is expected to close in the second quarter. (Reuters)

PRODUCTION
Dallas Fed: Southwestern Oil & Gas Production Dipped in Second Quarter - Oil and gas production in Texas, Louisiana and New Mexico decreased in the first quarter of 2024, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly survey of energy activity. The survey of executives at 147 energy firms suggested a small decline in production. A natural gas production index also turned negative and oilfield services firms reported a modest deterioration in business activity, the Dallas Fed reported. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).