Allegheny, Alliance rewrite coal deal
DENVER, COLORADO - Electric utility Allegheny Energy has modified a coal mine development and supply deal.
Greensburg, Pennsylvania-based Allegheny, which has operations in Virginia and West Virginia, says the changes give it a more secure supply of coal while Tulsa, Okla.-based mine operator Alliance Resource Partners gains flexibility.
Under the new terms, Alliance will supply 20 million tons of coal between 2010 and 2020 from several sources, including Illinois.
Alliance will keep leasing reserves in Washington County, Penn., from Allegheny as it seeks mining permits. Allegheny would receive royalty payments when production begins.
The original agreement, signed in 2005, allowed Alliance to seek the permits and Allegheny to buy up to 2 million tons annually once the mine opened.
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Tesla Electric is preparing to expand in the UK
LONDON - According to a new job posting, Tesla Electric, Tesla’s new electric utility division, is preparing to expand in the United Kingdom.
Late last year, after gaining experience through its virtual power plants (VPPs), Tesla took things a step further with the launch of “Tesla Electric.”
Instead of reacting to specific “events” and providing services to your local electric utilities, as Tesla Powerwall owners have done in VPPs in California, Tesla Electric is actively and automatically buying and selling electricity for Tesla Powerwall owners – providing a buffer against peak prices.
The company is essentially becoming an energy retailer.
Tesla Electric is currently…
