January Energy Grid Roundup: Everything You Need to Know

2014 Veracity Utilities Energy Asset

Top 12 Grid Optimization Articles of 2014 – Grid improvements and distributed grid are what utilities focus on.

10 energy numbers to remember from 2014 – Renewables, iPhone 6,  pollution, World Cup and efficiency.

Transmission & Distribution World’s 15 Most Notable Articles of 2014 – Distributed energy sources & renewables are this year’s key words.

Nuclear energy sector saw some steady progress in 2014 – India &  Russia are top clients for new nuclear plants

Blast from the past: 2014! – The 12 blog posts that you cannot miss about utilities and asset management

2015 Veracity Utility Asset Management

12 Utility Trends For 2015

What was the biggest power breakthrough in the last 100 years? AC-DC & energy storage have changed the grid.

extreme weather mutual aid utilities

Extreme Weather

Weather Forecasts North America 2015 – Temperatures above normal…which means more snow than usual! Turn your mutual aid agreement on with Veracity http://ow.ly/EucON

A snow storm for lunch! Maximize your mutual aid efforts with Veracity. Emergency response plans are essential to cope with future disasters. http://ow.ly/i/7PPS3

How is the weather like in your area? Are you a utility? Capitalize on mutual aid with Veracity Connect

PJM Seeks To Delay Idling Of 2,500 MW As Hedge Against Winter Shortages – Utilities get ready for the worst of winter.

Managing Restoration of Critical Utility Infrastructure – Our mutual aid and critical spares management platform helps you find critical equipment when the worst occurs: http://ow.ly/GyJB9

Storm Hardening the Grid – Are you ready? We can help you with mutual aid agreements http://ow.ly/E8juF

Cloud-Based Approaches to Disaster Recovery – VeracityConnect helps utilities boost mutual aid:  http://ow.ly/GS8Pe

Beyond NERC: best practices for worst-case scenarios – “Plan for recovery as well as prevention.” This is why we offer utilities Veracity Connect, a platform to source critical spares like transformers in North America http://ow.ly/Ccjlh

U.S. Power Reliability: Are We Kidding Ourselves? – “The average U.S. customer loses power for 214 minutes per year. That compares to 70 in the United Kingdom, 53 in France, 29 in the Netherlands, 6 in Japan, and 2 minutes per year in Singapore.” – IEEE Spectrum

Nuclear_Plant Power

Nuclear

England’s Hinkley Point C nuclear plant to break ground in 2015 – Two Chinese corporations have shares in the project.

Kudankulam nuclear units to be up and running by 2021 – India’s new plant will have a capacity of 1,000 MW.

Areva clinches control systems deal for China nuclear reactors – The French company will provide instrumentation and control systems for two new reactors. The six reactors will start operating in 2018.

Nuclear reactors halted following deadly chemical leak – 3 workers died at the Shingori-3 reactor site, operated by Korea Hydro and Nuclear Power Co.

Nuclear power key to UAE’s sustainability – A nuclear plant is the answer to limited power generation.

Nuclear plant leaked 2,000 gallons of oil into Lake Michigan for months – The leak is now fixed, not the damages.

Vermont Just Lost 70% of Its Power From This Nuclear Shutdown

Nine local companies place bid for $1 billion hydraulic systems of Akkuyu nuke plant  – Turkey’s first nuclear plant on the coastal province of Mersin.

Coal Plant Energy

Coal

U.S. Coal Losing Power Business Dominance but Not Going Away – In 2022, 230 GW will still be generated through coal.

National Grid Corporation of the Philippines to invest P2.22B in Mindanao coal plant’s transmission facility The plant will consists of four 135-MW units and will be operational by 2017-2018.

Cooperative ServiceTerritoryMap Coops

Electric Cooperatives

NRECA Welcomes New Grid Protections for G&Ts – “NERC’s new Physical Security Grid Reliability Standards provide a framework for co-ops and other utilities to assess physical system risks, identify critical facilities, evaluate physical threats and vulnerabilities and develop an approach to address risks to the nation’s most critical substations and associated control centers,” said NRECA CEO Jo Ann Emerson.

Old FedEx Truck Now Helps Coop Restore Power – The truck now delivers parts to crews in the field.

Connect with other co-ops, OEMs & leading transformer brokers to leverage a pool of critical spares

regulation utility

Regulations

EPA releases coal ash rule – The Environmental Protection Agency will consider coal ash as household waste.

Utility Spending on Energy Efficiency Soars as Supportive State Policies Are Expanded

Utility regulators authorize Xcel generating projects – The company will be able to build more than $500 million in new generating units.

EPA’s rule rigged against nuclear – Climate change requires quick action from regulators and utilities.

The biggest threat to demand response? It may not be the Order 745 ruling.

EPA defines classification of fly ash from coal fired power plants – Can environment and coal coexist?

1-decommissioning power

Decommissioning

Decommissioning Projects – Why it takes so long & costs so much

Westinghouse, Bechtel Announce Alliance for U.S. Decontamination, Decommissioning of nuclear plants

Exelon: Company dismantling Zion nuclear plant is running out of money – Around 40% of the costs are “in shipping and disposing of low level radioactive waste”. $800 million may not be enough for decommissioning.

Fitch Ratings Warns on Early Nuclear Retirements – Is reducing the nuclear percentage in energy sources a bad thing?

Global nuclear decommissioning cost seen underestimated, may spiral – Several companies admit that their decommissioning funds are not sufficient.

 renewables energy grid

Renewables

Utilities Should Avoid Over-Investing When Integrating Renewable Energy into their Grid – Renewables require a solid investment plan.

Report: Distributed-Renewables Disruption Will Reduce Utility Revenues By Up To $123 Billion A Year By 2025 – Could utilities change the game?

A huge floating solar farm will be built on a reservoir in Japan – Would solar be the new offshore renewable source of energy?

EDF confirms 400 MW Brazil hydro acquisition – EDF has secured 51% stake of the Sinop hydroelectric project.

2015 OUTLOOK: Brazil gets serious about solar – Climate changes push the grid to its limits, with a need for renewables more than ever.

India Committed to World’s Largest Solar Park – NTPC Limited’s plant has a capacity of 750 MW.

Utility of the future – solar, storage, EVs and micro-grids – Consumers become prosumers and have more influential power than you think.

electric-grid (2) utility

Grid Improvement

BC Hydro Delivers Power and Progress – The company led the Northwest Transmission 213-mile line project carried out in only 2 years, creating 5,500 direct jobs.

Transmission Line Connects Minnesota and Wisconsin – Building the transmission line involves construction on an island. Construction crews commute by barges and boats.

ITC Great Plains Energizes V-Plan Transmission Line, Substations in Kansas

Kenya Power to invest US$95.9m in 36 new substations around the country – The goal is to improve the grid’s reliability. A total of 5,000 MW of power will be added to the grid by 2017.

How utilities can plan for the future of transmission and distributed generation –  Flexibility and cost-justifiability are the new transmission & distribution keywords.

Greater demands on outage management systems mean more investment coming

FirstEnergy completes $6 million transmission project – The project aims at meeting the demand growth driven by the shale gas industry across its Ohio Edison service area.

$356 bn needed for Arab power projects: study – The projects focus on capacity expansion & distribution network.

NY offers $14.5 million for power plant upgrades – The money comes from the Regional Greenhouse Gas Initiative “a carbon cap-and-trade program that charges fossil fuel-burning power plants for the carbon dioxide they emit.”

Eaton wins contract from Green Mountain Power to upgrade automate electrical system in Vermont

national-grid electric grid transformer

Grid Equipment

Equipment Criticality: What makes your industrial equipment essential to your company

NYPA approves budget that includes $24.5M for transformer and circuit breaker replacement in Massena – Six 765-kV transformers will be installed, each weighing 200 tons.

Transformers: An Essential Link of the Electrical Grid

smart-grid-vision-for-future

Smart Grid

Great Progress on Smart Grid and Smart City Predictions for 2020

How to make your smart grid even smarter – Storage, microgrids and software are utilities’ new key tools.

Smart Cities Charlotte May 12 – 13, 2015 – Smart Cities is an Energy Central event designed to educate utilities, solution providers and communities on the steps and paths to collaboratively develop Smart Cities in their region. #SmartCities2015

Veracity Connect Asset Management Utilities

Company News

We launched our large surplus online catalogue featuring like-new assets from utilities

Veracity Connect: a platform to automate mutual aid – Veracity Connect allows members to work together to strengthen mutual aid and to be better prepared for infrastructure failure and extreme weather events.

Access reports from the U.S. utility industry – Electric Infrastructure, Asset Management and Grid Security

Recovering value from a plant decommissioning? Learn more about some of the projects we carried out.

Are you a Google+ user? Let us add you to our circle!

Here is a new way for utilities to source critical spares: Veracity Connect & LinkedIn. Curious about it? We will be glad to answer all your questions. Contact us at info@veracityamg.com or 1-866-694-1252.

Are you a utility company? Have instant access to mutual aid contact & resources via the online platform Veracity Connect

What we do for our Clients: Critical Spares Management & Investment Recovery

Are you a utility? Have instant access to mutual aid contact & resources with Veracity Connect

Are you a utility company? Maximize the value of surplus equipment with Veracity’s investment recovery.

Join the Investment Recovery Canada LinkedIn group and find opportunities for your Canadian company.

Aging grid assets? Know when to replace them http://ow.ly/GAQvw Get help from Veracity Connect.

Are you paying to get rid of idle assets? Turn them into money back with our Investment Recovery Team.

Get a better idea of our investment recovery & critical spares management services: http://www.veracityamg.com

Through Veracity Connect, connect with other member co-ops, OEMs and leading transformer brokers to leverage a pool of available critical spares: http://ow.ly/BonlR #utilities #electriccooperatives #criticalspares http://ow.ly/i/7jlps

Source assets in no time & save on costs with Veracity Connect: http://ow.ly/Hj4dB #utilities #criticalspares http://ow.ly/i/7jkZw

#Transformers, Mutual Aid & Asset Disposition are components of Veracity Connect: http://ow.ly/Hj95a http://ow.ly/i/7Invt #utilities

Subscribe to our newsletter: Critical Spares Mgmt & Investment Recovery for #Utilities http://eepurl.com/LVtY1 http://ow.ly/i/73Jj2

Finding critical spares was a manual, drawn out & frustrating experience. Not anymore with Veracity Connect! http://ow.ly/Hj6GF

Binder, spreadsheet… as a #utility company, you deserve better to source critical spares: Try Veracity Connect: http://ow.ly/Hj7g6

Are you a #Utility company? Leverage a pool of Critical Spares through the Power of Collaboration – Veracity Connect http://ow.ly/HWz0I

Wordpress asset investment recovery utilities

Company Blog

Supply Chain & ISO 14000: Connecting Sustainability and Investment Recovery

Debunking 5 myths of Purchasing Reconditioned Electrical Assets – Infographic

7 ways to dispose of your surplus assets!

Collaborative economy & idle assetYour surplus equipment can serve your sustainability

Webinars for Utilities: A la carte! We help utilities with mutual aid & asset mgmt services: www.veracityamg.com

Critical Spares Infographic – Do you have critical spares you need to turn into money back to the bottom line? http://ow.ly/i/5VuQV

ISO 55000: Meet Your (New) Friend SAM


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12 Utility Trends For 2015

2015 Trends Utilities

A New Year always brings its surprise bag of trends and predictions. Based on statistics or just wishes, the electric grid has deeply changed and keeps moving forward. These selected articles and posts will give you the insight you need to better understand the coming year.

Regulations: Coal Cold, Helpless Wind

regulations utilities

 Smart Grids

smart grid tech_2 utilities

Distributed renewables

Distributed renewables are the spearhead of smart grid, shifting the power from utilities to utilities AND its “prosumers” (professional or proactive consumers). Solar panels, geothermal systems or small windmills enable consumers to have a better control over sources of energy, decreasing their dependency on energy providers.

 

A Few Meters Away

Smart meter utilities

Smart meters are the key innovation in the realm of utility consumption. They open the door of big data and allow companies to use the power of analytics, as well as automation. Adjusting demand and supply is not a manual task anymore. Nevertheless the smart meters do not make the world rosier, for the time being.

 

Social Media

Social Media Utilities

Live tweeting and social media posts have made communication a little bit more easier between customers and utilities. The best example is planned and unplanned outages, when utilities inform customers concerned by a black-out or vice-versa, even though people are encouraged to directly contact utilities by phone to signal an outage in their area.

Solar is the new stellar source of energySolar panel installation

 

Spare Power: Bid on it

AdvancedBatteries_Icon energy storage

Nuclear or no nuclear

Hamaoka-Nuclear-Power-Plant-in-Japan

Cyber Attacks

cyber-risk utilities

 

Physical Threats

Metcalf Substation utilities

 

Mutual Aid & Emergency Response

utilities electric9e-1-web

 

Electric Vehicles

Symbol_electric_vehicle_charging_stations

 2015 should be a very dynamic year for utility companies, industry partners and consumers. The sector’s landscape is changing in a faster way. Technologies have opened new opportunities to make the grid smarter, manage assets more efficiently and ensure a better match between demand and supply.

Go further

For a deeper insight on how technologies are changing the utility sector, we invite you to watch 10 Trends and Technologies to Impact IT Over the Next Five Years, a webinar recently published by the consulting firm Gartner.


Mutual AidAsset,Critical Spares Twitter BannerLearn more about our Mutual Aid & Critical Spares Management Solution for Utilities: Veracity Connect, collaborative platformMake electrical equipment procurement easy and efficient. Locate a matching power transformer before a failure occurs!

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Utilities News Roundup! November – December

Nuclear

Southern_California_Edison_(logo) Panel hears bids for storage of nuclear waste http://ow.ly/DoyRO “Southern California Edison’s Community Engagement Panel met on Oct. 14 to hear bids from the two final companies vying to create storage for nuclear waste at the decommissioned San Onofre Power Plant.” #power

Entergy Entergy: $1.24B Is Needed to Decommission Vermont Yankee Nuclear http://ow.ly/Dqile #nucleardecommission

nuclear-power-plant End Of Life Costs For #Nuclear Power A Real Concern http://ow.ly/Et9EM 200 nuclear reactors have to be shut down by 2040: who will lead the #decommissioning projects… and how much will be the bill? #power

Utilities

Georgia Power Georgia Power named IOU of the Year for innovation, industry collaboration and leadership in the solar energy http://ow.ly/DpSIs #IOU #utility

Hydroone Hydro One Invests to Refurbish Ontario Michigan Interconnection Transmission Circuit http://ow.ly/Dq9Bm “The $6.8 million investment refurbished 24 towers on the 5.5-km circuit that runs from Sarnia Scott TS to the Mid River Junction Bunce Creek at the St. Clair River.” #powertransmission

Massachusetts Massachusetts Tops California as Most Energy-Efficient State http://ow.ly/DpWRm #Massachusetts #energy #utilities

LG&E Kentucky PPL Companies LG&E, Kentucky Utilities to add up to 737MW of gas generation http://ow.ly/Dq36g #Kentucky #gasplant

utilities2 Old Is New Again in the Utility Industry http://ow.ly/DKPto #utility #power

mega power plant Infographic: The World’s Ten Largest Power Plants http://ow.ly/DL2gx “with the top 5 located in China and South America.” #powerplant #China

NERC NERC troubled about EPA Clean Power Plan impact on grid reliability http://ow.ly/E4p0E “The NERC assessment, Potential Reliability Impacts of EPA’s Proposed Clean Power Plan, provides recommendations for further analyses to ensure continued system reliability.” #grid #utilities

AES_Corporation_(logo).svg AES to provide 1,284 MW of gas power to replace San Onofre http://ow.ly/E4qTs “AES has been awarded 20-year contracts by Southern California Edison (SCE) to provide 1,284 MW of combined cycle gas-fired generation” #gaspower

Alstom Alstom delivers demand response system to Con Edison http://ow.ly/E8qyK “The product is based on Alstom’s e-terra DRBizNet 3.0​, and provides utilities the ability to compensate energy flow and optimize existing assets.” #utilities

Tamil_Nadu_Electricity_Board_(emblem) Awards for failure-free operation of EB transformers http://ow.ly/E8sQ0 “Over the past five years, transformer failures have come down to 6.25 per cent from 13 per cent in the Tiruchi region which has over 40,000 transformers” #utilities #powertransformers

energy-management-power-grid Northern Michigan is facing a power crisis. How will it be fixed? http://ow.ly/E8z6L #Michigan #powergeneration

BChydro BC Hydro, LNG Canada sign #power deal; project still not official http://ow.ly/ESoMa “The deal […] comes as the Liberal government announced the power rates for LNG proponents.”

the-keystone-xl-pipeline-just-moved-one-step-closer-to-approval-702x336 #Keystone XL price tag hits US$8B amid regulatory stalling http://ow.ly/ESfLD #Albertaoilsands

Federal Energy Regulator Commission FERC issues decision on Duke-Progress merger…after three years http://ow.ly/ESt1X #power

opower_s Opower, FirstFuel partnership yields ‘major expansion’ with #utility customer http://ow.ly/Et5n5 The partnership allies data #analytics and utility software systems.

Federal Energy Regulator Commission FERC Issues Order Authorizing the Disposition of Facilities Re Portland General Electric Company Under EC14-147 http://ow.ly/EtBTL “The Boardman Project includes a 642.2 MW coal-fired generating facility, interconnection facilities to the Slatt Substation and a line used to deliver station power to the generating facility that runs from PacifiCorp’s 230 kV Dalreed Substation” #substation

utility1 monopoly Here’s what to expect for #utility rates in 2015 http://ow.ly/EtIA2 average increase of 1.9 %

 

International

Coal Plant Energy Coal gets cold shoulder from Denmark and Germany http://ow.ly/DK9kV “Denmark and Germany have outlined plans to decrease or potentially eliminate coal plants as part of a push to meet climate goals. ” #coal #denmark #germany

abengoa_logo CCRES Abengoa to develop in Belgium the largest #biomass power plant in the world http://ow.ly/E8wVo Capacity of 215 MW, €315M

map-oman #Oman Enhances #Power Delivery http://ow.ly/ESPHZ 6 new substations will be commissioned to answer electric demand

Rosatom Dhaka, Moscow finalise action plan for Rooppur #nuclear power plant http://ow.ly/EtHlN #Russia

Radioactive California Fukushima Traces of #Fukushima Radiation Detected Off #California Coast http://ow.ly/EuqzU A priori no harm

duke-energy-co-logo Duke Energy announces plans to begin removing #coal ash from four North Carolina sites http://ow.ly/EuCoq ““The initial work at these facilities will help us assess various approaches for the closure plans at our remaining 10 North Carolina facilities,” said Elnitsky.”

Physical & Cyber Security, Extreme Weather Events

grid resiliency Sandy Critical infrastructure sees upgrades since Sandy devastation http://ow.ly/DoLvU States and utilities have improved flood protection, more resistant residential, public services infrastructures and the power grid. #superstorm

NERC Beyond NERC: best practices for worst-case scenarios http://ow.ly/CcjdB “Plan for recovery as well as prevention.” This is why we offer utilities Veracity Connect, a platform to source critical spares, like transformers, in North America #NERC #reliability #criticalasset

UtilityCoRecruit2.1013.large Winter utility assistance plans available http://ow.ly/DK3B9 “With the onset of colder weather in Northeast Ohio, several programs are offering financial assistance to customers who may have difficulty keeping up with the costs of their utilities.”  #utilities

Superstorm Sandy Remember Sandy: Two-Year Anniversary http://ow.ly/DKW78 “Hurricane Sandy affected 24 states, including the entire eastern seaboard from Florida to Maine and west across the Appalachian Mountains to Michigan and Wisconsin, with particularly severe damage in New Jersey and New York.” #superstorm #hurricane #utilities

CPS-Energy-logo Municipally-owned CPS Energy putting San Antonio on the forefront of smart cities http://ow.ly/E8myQ “The grid of the future will be more than a one-way delivery system for electricity. It will be a platform for information and services that we’ve barely begun to imagine,” said Doyle Beneby, CEO of CPS Energy. #smartcity

2000px-US_Department_of_Homeland_Security_Seal.svg #Cyber-attack causes major breach of software controlling critical U.S. infrastructure http://ow.ly/E8tIG The malware [BlackEnergy], although not yet live, can activate anytime and leave these processes susceptible to failure or malfunctioning.

Big_Data-310x224 How four U.S. #utilities are tackling big data http://ow.ly/ERh8D Utilities are well decided to start diving into big data. What will be the outcome? #bigdata

Security_Threat_Report U.S. Orders Electric Utilities to Secure Sites From Attack http://ow.ly/ERay7 Physical #security is becoming a major concern for utilities and industry partners.

storm_arthur.jpg.size.xxlarge.letterbox Storm Hardening the Grid http://ow.ly/E8jhM Are you ready for the coming #storms? We can help you with mutual aid agreements http://ow.ly/E8juF #utilities #mutualaid

604491_LIghtning-storm-in-Alberta-Canada In Orleans, no #storm but responders active http://ow.ly/ERxlS Maximize your mutual aid agreements with Veracity Connect http://ow.ly/ERxHq #mutualaid

North America Grid Weather Forecasts North America 2015 http://ow.ly/ESRxQ Temperatures above normal…which means more snow than usual! Turn your mutual aid agreement on with Veracity http://ow.ly/EucON #mutualaid

Renewables & Smart Grid

Federal Energy Regulator Commission FERC: Renewables account for 40% of capacity additions this year http://ow.ly/DtaYY “According to FERC, there are 62.3 GW of installed wind and another 9.74 GW of solar, but those make up less than 6% of total capacity. The bulk, some 42% of the total, is still gas-fired.” #renewable #utilities

renewables logo New Renewables Will Require #Transmission Upgrades http://ow.ly/DpMzS “is it that simple?”

Solar panel installation Georgia is the nation’s fastest growing #solar market http://ow.ly/ERMAn “Solar-related jobs in the state grew 225% last year”

Microgrid-global-view Are #Microgrids a Myth? http://ow.ly/ESOoF Should utilities promote distributed energy resources?

wind turbine New analysis: U.S. is world’s number one #wind energy producer, leading China and Germany http://ow.ly/ExvpS “Over $120 billion worth of U.S. wind projects have been installed since the year 2000.”

Word Cloud Smart Grid Smart Grid Networking, Communications Technologies Spending Expected to Total $30 Billion over Next 10 Years http://ow.ly/advanced

 

Company NewsMutual AidAsset,Critical Spares Twitter Banner

Veracity is now a proud Silver Associate Member of the NRECA! Cooperatives are essential to the U.S. electric grid. We help coops source critical spares through the power of collaboration: http://ow.ly/Dx7Hp +NRECA #coops #electricgrid

We are proud of being an associate member of the Michigan Municipal Electric Association! veracityamg.com #electricity #collaboration

As a municipal utility or coop, become a Veracity Connect Member to source critical spares http://ow.ly/i/7nB9u http://ow.ly/DtMxC

We wouldn’t have been able to go to Georgia without the help of the #softlanding14 Program. Thanks to @CDMN for helping us #GrowGlobal

 

Recovering value from plant decommissioning? http://ow.ly/xjC1d #decomissioning #powerplant #utilities #energy http://ow.ly/i/79MkB

Decommissioning Projects – Why it takes so long & costs so much: http://wp.me/p2EjZw-7I Share it & share your expertise!

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Turning your surplus equipment into a financial reward: this is called investment recovery: http://ow.ly/yzrN7 http://ow.ly/i/641yF

Aging grid assets? How to know which equipment to replace and when http://ow.ly/D3B4M Get some help from Veracity Connect: http://ow.ly/D3C2m

#Asset Redeployment Checklist http://wp.me/p2EjZw-8S We assist you in choosing the best option for idle #equipment http://ow.ly/EVCgb

 

Renewable or not, the energy you provide requires an emergency plan if a transformer fails: http://ow.ly/BZJ7k http://ow.ly/i/7nBT6

We know what you go through as a utility company when you look for a spare transformer – Veracity Connect http://ow.ly/BZJ7k #utilities #power http://ow.ly/i/7nByl

Looking for #power transformers? Veracity Connect helps you get in touch with other #utilities, OEM & resellers http://ow.ly/DOC9S

Don’t be left in the dark when a transformer failure occurs – Veracity Connect http://ow.ly/BZJ7k http://ow.ly/i/

Binder, spreadsheet, buddy system… you deserve better to source critical spares for your utility company. Contact us & Try Veracity Connect: http://ow.ly/BonlR

Our surplus utility equipment catalogue is now available! http://ow.ly/DLcVN Check it regularly and contact us if you are interested in some of the featured items! #utility #surplus #powertransformer

 

A cloud platform that helps you source critical spares and reinforce your mutual aid agreement? It exists: Veracity Connect http://ow.ly/Aua0t LinkedIn: http://ow.ly/AuacD

Transformer Fleet, Mutual Aid & Asset Disposition are components of Veracity Connect: http://ow.ly/ET0a7 http://ow.ly/i/7Invt

Are you a #utility? Have instant access to mutual aid contacts & resources with Veracity Connect http://ow.ly/ExDtr

 

Join us on LinkedIn page http://ow.ly/ET5kW We help #utilities source critical spares & maximize mutual aid http://ow.ly/ET5kX

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 Learn more about our Critical Spares Management Solution for Utilities: Veracity Connect, collaborative platformMake electrical equipment procurement easy and efficient. Locate a matching power transformer before a failure occurs!

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Decommissioning Projects: Why It Costs So Much

Plant decommissioning Energy Nuclear Oil Gas

If you like being up to date in terms of news in the energy sector, or if you live close to a power plant, you must have heard the word “decommissioning” more than once.

Definition

Decommissioning is the administrative and technical process to remove something from an active status (Wikipedia). Applied to industrial facilities, it means disabling and dismantling any active industrial units until no hazardous material or danger remain.

Decommissioning commonly concerns power plants, especially nuclear, pipelines, offshore rigs, tanker ships, military aircraft carriers and nuclear submarines. Nuclear decommissioning is the “process whereby a nuclear power plant site is dismantled to the point that it no longer requires measures for radiation protection” (Wikipedia). A more detailed definition can be found on the U.S. Nuclear Regulatory Commission website.

Regulation compliance

Decommissioning projects are submitted to strict regulations and standards, such as:

Offshore oil gas platform rig Veracity

Decommission Steps

These steps are based on a typical offshore rig decommission, but the general process can be applied to power plants, ships and submarines.

  1. Project management: review of contractual obligations, engineering analysis, operational planning, contracting.
  2. Engineering and planning.
  3. Permitting and regulatory compliance: consulting firms can assist in obtaining required licenses and permits.
  4. Facilities preparation: flushing and cleaning tanks and pipes, getting metal units ready to be lifted.
  5. Disabling industrial units.
  6. Equipment removal.
  7. Materials disposal and site clearance: these two final steps require pre-decommissioning and post decommissioning surveys, identification of debris which could interfere with dismantling operations, and test trawling to ensure that the area is free of debris and ready.
  8. Site release.

Nuclear plant decommissioningNuclear Plant Decommissioning

For nuclear plants, three methods are available:

  • Reactor dismantling and decontamination, allowing the land to be used again;
  • Safe storage: the plant is monitored and taken down once radiation has decayed;
  • Entombment: a coffin or dome made of concrete and steel is set on the radioactive components. The Tchernobyl nuclear plant is a typical example of entombment. The land can be used once radiation has decayed, which can take decades depending on the level of radiation.

Offshore rig decommissioning oil gasTime frame

Projects require several years, from assessing the need to decommission a power plant to dismantling the last industrial unit. For nuclear plants, it can take up to 60 years in case of safe storage or unlimited time if the site cannot be decontaminated.

Why decommissioning?

The main reason is financial. It is sometimes not worth economically to upgrade power plants, offshore oil platforms, tankers and nuclear submarines. Alternative technologies exist and may prevail over updating current facilities.

Safety will also lead companies and governments to close facilities. For nuclear plants, government commissions assign operation licenses for an average period of 40 years. Nevertheless it is common to extend the plant’s life to 60 years or more. Safety is a key reason, but is sometimes put aside for economic reasons.

Dismantling decommissioning industrial site plantWhat happens to removed equipment?

  • Working units are redeployed or sold as is, where is.
  • Metals are scrapped and recycled.
  • Hazardous substances are sent to specialized processing facilities to be reclaimed or decontaminated.

To learn more about disposition options, read our blog post about the 7 Ways To Dispose of Your Surplus Assets.

 How much does it cost?

Even though the operating company is required to set aside funds throughout the plant’s or industrial facilities’ operating lifetime, it is common to see costs increase step after step. The decommissioning cost sometimes exceeds the cost of the plant when it was purchased. The spent fuel –nuclear waste – is sent to specialized waste disposal facilities and buried underground. No methodology has been found to process such hazardous waste yet.

Veracity can assist your utility or industrial company retrieve value from idle or decommissioned equipment. We can help you implement a tailored investment recovery program which will free up money for your bottom line. According to the Investment Recovery Association, $1 put in the investment recovery brings at least $20 dollars back to the bottom line. This is no magic, but a combination of a dedicated and skilled team and an effective network.

Decommissioning Project ValueWe assist you in:

  • Setting/improving Policies and Procedures to manage the end of life cycle of corporate assets. This starts with a well-defined policy, asset release form and follows key procedures to maximize the asset disposition process with full audit trail that provides risk mitigation to avoid environmental liabilities.
  • Sending feet on the ground inventory teams that can efficiently capture asset data and catalog the assets to provide internal corporate wide visibility of available surplus.
  • Sending the surplus back to the market through our network with the purpose of maximizing the value you recover.
  • Developing scrap management protocols to maximize return on scrap as well as reduce corporate exposure to environmental liabilities.

Veracity Surplus Asset ManagementContact us at 866-694-1252 or info@veracityamg.com. We are located in Sault Ste. Marie, Ontario, with solutions available for the North American market. Visit our website at http://www.veracityamg.com


 

Go further

Current Decommissioning Projects:

Exelon: Company dismantling Zion nuclear plant is running out of money

Entergy: $1.24B Is Needed to Decommission Vermont Yankee Nuclear

Letters: Good luck to Leshinskie on decommissioning of Vermont Yankee

San Onofre nuclear power plant dismantling will cost $4.4 billion, take 20 years

Chance for one last tour of Spondon’s Celanese factory before it is bulldozed

For offshore oil and gas decommissioning UK projects, you can check the Decommissioning Projects Index

Decommissioning a Nuclear Plant Can Cost $1 Billion and Take Decades

How Fukushima nuclear plant will be dismantled

Oil & Gas UK Decommissioning Insight 2013

Closing and Decommissioning Nuclear Power Reactors (2012)

 

Sources

Nuclear Decommissioning by Wikipedia – http://en.wikipedia.org/wiki/Nuclear_decommissioning

U.S. Environmental Protection Agency – http://www.epa.gov/

Students’ Corner – Decommissioning, by theU.S. Nuclear Regulatory Commission – http://www.nrc.gov/reading-rm/basic-ref/students/decommissioning.html

How Does Decommissioning Work? by Rigzone – http://www.rigzone.com/training/insight.asp?i_id=354

Decommissioning Nuclear Power Plants, by the Nuclear Energy Institute – http://www.nei.org/master-document-folder/backgrounders/fact-sheets/decommissioning-nuclear-energy-facilities

Staff Responses Frequently Asked Questions Concerning Decommissioning of Nuclear Power Reactors – http://www.eu-decom.be/faqs/faqs2.htm#_1_27

 

Learn more about our Critical Spares Management Solution for Utilities: Veracity Connect, collaborative platformMake electrical equipment procurement easy and efficient. Locate a matching power transformer before a failure occurs!

Stay updated through our social media platforms and our website:

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October Digest

We hope you enjoyed a great Halloween weekend! October is already gone, but let’s take time to review the news and blog posts from this past month.

October Digest Utilities News Asset Management PowerBlog Posts

Veracity Is Part of the CDMN’s Outbound Soft Landing Program http://wp.me/p2EjZw-6p

Transformers: An Essential Link of the Electrical Grid http://wp.me/p2EjZw-6C

Energy & Utility Events Update http://wp.me/p2EjZw-6T

Why Using Spreadsheets is a Risk for Your Supply Chain http://wp.me/p2EjZw-76

Your Veracity Connect Newsletter – Volume 6 http://wp.me/p2EjZw-7g

Equipment Criticality http://wp.me/p2EjZw-7w


 News

North America

Pacific Gas Electric Utilities PG&E and Florida Power & Light Sign Unique Cross-Continent Mutual Aid Agreement http://ow.ly/CK22y “To help ensure that extra resources are available to repair damage and restore service safely and more quickly following a widespread emergency, PG&E and FPL recently signed their first mutual aid agreement with another electric utility on the opposite side of the country.”

Power Transmission Utilities“Transforming the Grid: Top 5 States for Transmission Projects in 2015” by energyacuity http://ow.ly/CJDtu

Duke Energy PowerDuke Energy set to auction off a million items from shuttered Crystal River nuclear plant http://ow.ly/BRFc1 “Need a giant heat exchanger that looks like giant pipes aboard a Navy ship — large enough for a grown man to crawl through?”

Environmental Protection AgencyUp or down? The impact of EPA’s Clean Power Plan on electric rates http://ow.ly/BRRgW

Solar Flare EnergyT&D World compiled some of the best “Electricity Hoaxes, Rumors and Scams” http://ow.ly/BSjN0

SaskPower Canada Energy GenerationSaskPower to cut ribbon on Boundary Dam carbon capture project http://ow.ly/C4AHQ “Billed by SaskPower as the world’s first and largest commercial-scale carbon capture operation of its kind, the project outfits part of the coal-fired power station with a mechanism to capture carbon dioxide emissions and transport the gas through a steel pipeline into storage deep underground.”

NationalGrid utilityNational Grid customers to see 37% higher rates this winter http://ow.ly/C4plz “the Massachusetts Department of Public Utilities (DPU) approved a rate increase for National Grid that will raise household customers’ bills by an average of $33.”

Federal Energy Regulator CommissionFERC, NERC Initiate Review of Electric Industry Recovery and Restoration Plans http://ow.ly/CcwcN “The objective of the review is to support registered entities in ensuring reliable restoration of the bulk power system following a reliability event.” Veracity Connect can help source spare transformers quicker and for a better price: http://ow.ly/Ccwnw

NERCAre key NERC initiatives the missing link to reliability and cybersecurity? http://ow.ly/CSyzt “NERC currently has two major initiatives under way in the reliability standards and enforcement areas to which electric industry participants should pay particular attention.”

Nuclear Power GenerationNuclear Matters warns about premature plant closings http://ow.ly/CkRXn “The analysis reminds us of the very real impact that premature nuclear shutdowns can have” noted Nuclear Matters’ co-chair former Senator Judd Gregg (R-NH).”

Nuclear Power PlantNuclear operators seek to extend life of reactors to 80 years http://ow.ly/D6zgH

RG&ERG&E Receives $2.8 Million from Federal Grant Program for Improvements at Hydroelectric Generating Station http://ow.ly/CJTG0

Brookfield Renewable PowerBrookfield Renewable Power’s (Canada) CHP decommissioning http://ow.ly/D3mtZ “We’re hopeful that commercial considerations will improve and allow us to restart operations at some future point, but we do not have any such plans at this time.”

Worldwide

SiemensSiemens delivers switch panels worth €90m for GIS in Saudi Arabia http://ow.ly/BOTLU “Siemens is to deliver 111 switch panels for installation in five gas-insulated high-voltage switchgear in Saudi Arabia’s northern Al-Jouf region. The order is worth €90 million.”

Distributed Energy ResourcesThe essential next step for distributed energy (a transparent market that includes end users) http://ow.ly/C7Fpq “Distributed Energy Resources, or DER, is a trend to watch. DER adoption across the country, and in hot spots like California and the North East in particular, is growing.”

Coal Plant EnergyNew report on rising coal plant retirements http://ow.ly/C7LkH “approximately 13 percent of coal-fueled generating capacity has either been retired since 2012 or is planned for retirement by 2025, which surpasses the previous estimates in 2012.”

Power Transformer200 transformers distributed through southwest Nigeria where electricity supply is inadequatehttp://ow.ly/C7PmC

Exelon Power GenerationExelon to add 2,000 megawatts of natural gas generation http://ow.ly/CaSJD

ABB TransformerABB takes $30M Bangladesh power grid job http://ow.ly/Cltmn “the country’s leading transmission utility, to provide four new turnkey substations and help expand six others, to help meet the growing demand for electricity.” http://ow.ly/i/7866j

ABBABB: India a “dynamic market“ for power systems http://ow.ly/CowDV ““India is among the largest single markets for power systems,” global head of ABB’s power systems division, Claudio Facchin, said in an interview with Business Standard.”

Middle East PowerABB shifting attention from China to Middle East http://ow.ly/D6omX

EDF energy_RGB-exclusion-zone‘Go ahead’ for £16 billion nuclear power plant at Hinkley Point in Somerset http://ow.ly/CSLi3 “The environmental group’s legal adviser Andrea Carta said: “This is a world record sell-out to the nuclear industry at the expense of taxpayers and the environment.”

Miscellaneous

Power Gen InternationalPower-Gen Conference, Dec 9-11, 2014 – Orlando, FL – http://ow.ly/CJsku Will you go?

Procurement ProcessHow Technology Can Enable Decentralised Procurement http://ow.ly/C7NRl “We now have the ability to monitor spend, reach out to suppliers globally through online RFP and manage supplier relationships through technology. Therefore, the theory goes, procurement activity can continue to be devolved while the information remains central.”

utilitiesUtilities Executive Forum and Roundtable: November 18-20, 2014 http://ow.ly/CsBjI

Transmission-and-Distribution-World-LogoTransmission & Distribution World October Issue! http://ow.ly/ClwRd

Electrical Safety AuthorityHazardous Homes: The New Serious Game from the Electrical Safety Authority: http://ow.ly/CSNKg

Startup UtilitiesHere’s Why You Should Consider Buying Enterprise Applications from a Start-up http://ow.ly/D3ySj Startups offer “easy-to-use technology with relatively simple but powerful integration options.” Ours is Veracity Connect: http://ow.ly/D3zfK


 

Company News

Michigan Municipal Electric AssociationWe are proud of being the new associate member of the Michigan Municipal Electric Association! http://www.mmeanet.org Learn more about us: www.veracityamg.com

Technology-Cloud-Computing-Energy-Savings-in-the-Cloud-IISUse the Cloud to Efficiently Source Critical Spares – Veracity Connect http://ow.ly/BZJ7k

North American Rural Electric Cooperative AssociationRevolutionizing the way Rural Electric Cooperatives approach Critical Spares Management: http://ow.ly/C4o3D http://ow.ly/i/72OXJ

Investment RecoveryWhat we do for our Clients: Investment Recovery & Critical Spares Management http://ow.ly/yliRM http://ow.ly/i/733e

Google+ CircleGoogle+ is more than a SEO tool. This is an easy way to stay in touch with our company: http://ow.ly/C7Np2

NERCBeyond NERC: best practices for worst-case scenarios http://ow.ly/Ccuuw Plan for recovery as well as prevention

Decommissioning PlantRecovering value from a plant decommissioning? Learn more about one of the projects we carried out for one of our clients: http://ow.ly/xjC1d. Decommissioning can also be a rewarding process in the frame of an effective surplus asset management program. http://ow.ly/i/79McR

Critical Spares Transformer 10 MVAAre you a Utility company? Leverage a pool of Critical Spares through the Power of Collaboration – Veracity Connect http://ow.ly/BZJ7k

Surplus Assets Did you know that 2% to 5% of a company’s entire assets are considered as idle or surplus? http://ow.ly/CsJMX

UtilitiesUtilities, are you ready for the worst? Source critical spare equipment via Veracity Connect! http://ow.ly/i/7pT4C http://ow.ly/DCAkQ

Rural Electric CooperativeRevolutionizing the way Rural Electric Cooperatives approach Critical Spares Management: http://ow.ly/CVA9U http://ow.ly/i/7g3lg

Transformer Failure Fire Veracity Asset Management Transformer leaking PCB for 7 yrs http://ow.ly/Au6W4 utilities we can help you properly dispose of idle equipment http://ow.ly/Au7tr

aging infrastructure transformerAging grid assets? How to know which equipment to replace and when http://ow.ly/D3B4M Get some help from Veracity Connect: http://ow.ly/D3C2m

Critical Spare Parts VeracityDoes it take too long to source critical spares like transformers? We can help you – Veracity Connect http://ow.ly/CVmDZ

Veracity Connect Asset Management UtilitiesWe specialize in critical spares management and asset disposition. We help companies such as utilities on a daily basis to source or dispose of critical equipment.

Contact us at 866-694-1252 or info@veracityamg.com. We are located in Sault Ste. Marie, Ontario, with solutions available for the North American market.

Learn more about our Critical Spares Management Solution for Utilities: Veracity Connect, collaborative platformMake electrical equipment procurement easy and efficient. Locate a matching power transformer before a failure occurs!

Stay updated through our social media platforms and our website:

twitter 48 g 48 linkedin 48 Veracity Surplus Asset Management

September Digest: Keep Calm, Fall Is Here

September is already over. Fall entered the stage and leaves are showing a whole new range of orange and red. Here is an overview of posts we released on this blog this past month and key news from the utility industry.

Fall time Veracity Utilituy News Company BlogDo not miss our previous newsletter and do not forget to sign up for the next one:

Veracity Newsletter Utility Asset ManagementBlog posts

Transformer Problem Veracity Connect Willis

Investment Recovery Veracity Asset Management UtilitiesTrade Show Veracity Utilities Procurement Supply ChainNews

What happened to that national high voltage transmission system? http://ow.ly/AZaZj ““You can’t get enough clean energy from distributed resources,” said former Federal Energy Regulatory Commission (FERC) chairman and staunch distributed energy resources (DERs) advocate Jon Wellinghoff.”

State governments pushing cities and utilities to get microgrids http://ow.ly/AZcSJ “The microgrid concept is gaining popularity especially in Connecticut, Massachusetts, Maryland, New Jersey and New York, all of which have microgrid initiatives.”

U.S. utility’s 10-year $8.1bn transmission investments to boost economy http://ow.ly/AZXBL “The investment will bring $4.3 million in salary and benefits, along with $640 million for state and local governments, NJ Spotlight reports.”

Electric grid facing security threats from all sides http://ow.ly/B5RQ1 “”The secure and reliable delivery of electricity is a vital cornerstone of modern American society,” according to the CSPC.”

U.S.-wide blackout possible from small scale attack: FERC http://ow.ly/BhIeP “The report states that of the 55 substations in the nation, it would only take nine of them to fail in order for the whole power system to go down. The U.S. has only three separate grid systems.”

∗∗∗

Duke Energy set to auction off a million items from shuttered Crystal River nuclear plant http://ow.ly/BLME8 Auction is a good way to recover investment. We can help you do the same: http://ow.ly/BLMVy

Longest transmission link delivers renewable power http://ow.ly/BDWtQ “ABB has commissioned the converter stations to the 3,150 megawatt Rio Madeira High Voltage Direct Current (HVDC) link in Brazil. At approximately 2,400 kilometers, the power connection is the longest transmission link in the world, according to ABB.”

Boldest utilities moving to the cloud http://ow.ly/BVVCI “Cloud computing is presenting challenges for regulated utilities in that the opportunity presented by the cloud must be looked at differently in the utility industry, according to IDC Energy Insights.” http://ow.ly/i/70EiL Veracity Connect is a part of the cloud and makes things easy for utilities to source critical spares: http://ow.ly/BVW4g

The utility that wants to build microgrids for customers (should you do the same?) http://ow.ly/BOKha “”Far from threatening the utility business, as the naysayers would have it, microgrids could present new business opportunities for utilities, with two recently launched initiatives pointing the way,” says a recent article in Engerati.”

Dynegy to buy over $6B in power generation assets from Duke, ECP http://ow.ly/BYHx5 “The company plans to spend $2.8 billion on Duke’s retail business and ownership interest in several plants and $3.45 billion for assets of Energy Capital Partners, or ECP. The deal will add about 12,500 megawatts of coal and gas generation and expand Dynegy’s retail business into Ohio, Pennsylvania and Michigan.”

Have a great October month!


Don’t miss a chance to get in touch with us by calling us at 866-694-1252 or info@veracityamg.com.

Visit our website veracityamg.com and our social media platform:

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Investment Recovery: the Missing Link in the Supply Chain

Investment Recovery Veracity Asset Management UtilitiesInvestment Recovery (IR), also called Surplus Asset Management, is defined as the practice of recovering the highest value of assets considered as surplus or no longer supporting the company’s operations. IR is does not appear in Michael Porter’ s Value Chain model, as this analysis focuses on one-way activities, from procurement and inbound logistics to the sales and service activities. For a reminder, Michael Porter, Harvard Business School Professor, identified in  model the activities that create value for the company. These activities are categorized in primary activities and support activities in Porter’s model:

Michael Porter Value Chain Surplus Asset Management Investment Recovery

IR professionals consider their activity as the missing link of this value chain model by recovering the value of unused assets.

Through its primary and support activities, a company will buy assets, such as industrial equipment, fleet vehicles and other materials, with the ultimate goal to maintain and/or increase its margin. The procurement manager plays a key role in acquiring these items at the best rate and quality.

At a certain time, the company will change its equipment, fleet or other critical assets. We often forget what happens to this piece equipment no longer in use. The first reflex will be to either park it in the warehouse (high holding costs!), or if it is considered as obsolete, in the laydown yard, or worse, in the landfills. The company may not be aware of the intrinsic value of these idle assets.

IR professionals aim at recovering this hidden value that these assets represent. The support activity of procurement can be actually turned into a complementary financial stream for the company. The return can be surprisingly high. The last studies from Center for Advanced Purchasing Studies or Arizona University show that $1 spent in the investment recovery process at least brings $20 back to the bottom line, in terms of cost avoidance, cost reduction, employee productivity and proceeds of sales.

Surplus Asset Managers bring to their clients transparency and legibility of surplus assets through efficient practices. After identifying and evaluating the assets, the IR professionals and the company will choose the best option for each of them, with a clear audit trail.

These options are:

  • Redeploying the asset to another branch of the company, avoiding the cost of purchasing a new unit;
  • Marketing and selling it;
  • Scrapping it;
  • Donate it;
  • And if any of these disposition methodologies cannot be applied, the asset is sent to a waste management company with the priority of preventing negative environmental impacts.

Learn more about these methodologies options: 7 Ways to Dispose of Your Surplus Equipment

A company that has a solid IR program will distinguish itself from its competitors, as the costs are better controlled, revenues from idle assets are maximized and environmental and corporate exposure risks are mitigated.

Explore our website Veracity Surplus Asset Management and our LinkedIn page: Veracity LinkedIn

We will be glad to connect with you on Google+ and Twitter. Share your feedback and questions!

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Value Chain Model from http://www.partnerscreatingwealth.com

In Your Mail Box: Veracity Connect May Newsletter

Our May Newsletter is out! This month, we zoom on:

  • What is Investment Recovery and the 7R’s of the surplus management process
  • Substation decommissioning: Veracity’s process to maximize sales proceeds
  • Our cloud-based tool for the utility companies: Veracity Connect
  • What’s in a Name: what “Veracity” really means

Click on the following picture to have full access to the document. You can even download it as a pdf!

Share your thoughts and topics you would like to know more about!

Veracity Connect Newsletter Asset ManagementVeracity Connect Newsletter Asset Management

You can directly also click on the following link: https://drive.google.com/file/d/0BwdWbhx207BbVk5fSzZGNVhsdnc/edit?usp=sharing

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