Naureen Malik

3 weeks ago | bloomberg.com | Naureen Malik

Power transmission lines near Austin, Texas. (Bloomberg) -- Millions of Americans from the upper Midwest to the Gulf Coast are facing the biggest threat of power supply shortfalls in the US this summer.  About 89 million people access three grids spanning parts of the central US now deemed an elevated risk zone. The shutdown of older power plants, possible forced outages and high demand are contributing to potential deficits, the North American Electric Reliability Corp.

3 weeks ago | news.bloombergtax.com | Naureen Malik

LS Power bet on buying and building natural gas power plants at a time when some analysts considered them almost relics, doomed to be sidelined by solar and wind. Now, utilities see gas-fired plants as essential to meeting a surge of electricity demand from new data centers. And LS’s gamble on gas has produced a $12 billion payday. The New York development and investment company, little known outside its industry, announced a deal Monday for NRG Energy Inc.

3 weeks ago | news.bloombergtax.com | Brian Sullivan |Naureen Malik

A spring heat wave is descending on the central US, sending temperatures soaring over the next few days from the Canadian border to Texas. Austin, Texas, is forecast to reach 104F (40C) Tuesday and 107 Wednesday, according to the National Weather Service. Minneapolis is forecast to reach 89F Tuesday. More than 130 daily high temperature records may either be broken or tied, according to the weather service. In Texas, the heat will last until next week.

3 weeks ago | financialpost.com | Naureen Malik

Article content(Bloomberg) — LS Power bet on buying and building natural gas power plants at a time when some analysts considered them almost relics, doomed to be sidelined by solar and wind. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Article contentNow, utilities see gas-fired plants as essential to meeting a surge of electricity demand from new data centers.

3 weeks ago | bloomberg.com | Naureen Malik

(Bloomberg) -- LS Power bet on buying and building natural gas power plants at a time when some analysts considered them almost relics, doomed to be sidelined by solar and wind. Now, utilities see gas-fired plants as essential to meeting a surge of electricity demand from new data centers. And LS’s gamble on gas has produced a $12 billion payday.  The New York development and investment company, little known outside its industry, announced a deal Monday for NRG Energy Inc.