U.S. Power Industry: Entergy Increases Spending, PJM to Process Plant Applications - Your Daily Energy News

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

POWER

Entergy Hikes Spending Plan
U.S. power utility Entergy has increased its four-year capital spending plan by about 33% to $57 billion, the company said Wednesday. The increase is fueled largely by agreements with Meta Platforms to supply power to its data centers. Last month, the companies announced an agreement that would result in 5.2 GW of new gas-fired power. Industrial Info Resources data show $7.7 billion worth of active Entergy projects in U.S. in various stages of development in Louisiana.

PJM to Begin Processing New Power Plant Applications
PJM Interconnection, the largest power grid operator in the U.S., said it will this week begin to process new power plant applications after working through a massive backlog. PJM said it has received more than 800 new generation applications. Industrial Info Resources is tracking multiple projects on the PJM, including gas-fired, solar and wind assets.

CRUDE OIL

U.S. Crude Oil Exports Hit Record High Last Week, Says EIA
The U.S. Energy Information Administration (EIA) reported Wednesday that U.S. crude oil exports rose to 6.44 million ‌barrels per day (bpd) last week, the highest on record . Total U.S. crude oil ⁠exports rose about 1.64 million bpd week-over-week, according to the agency.

Industrial Info closely monitors breaking news in the energy sector to provide information to energy markets and gauge potential capital and maintenance project activity.

Key Takeaways

• Entergy has increased its four-year capital spending plan to $57 billion.
• U.S. crude oil exports hit a record high for the week ending April 24, at 6.44 million ‌barrels per day.

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About Industrial Info Resources
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, Industrial Info Resources is tracking over 250,000 current and future projects worth $30.2 trillion (USD).