Baltimore could build its own power plants
A city-funded study is suggesting that the city construct solar, waste, or natural gas-powered plants to add more supply to the regionÂ’s power grid, thus lowering electricity prices. The city could build new power generation more cheaply than a private company because itÂ’s less expensive for the city to borrow money, the reportÂ’s authors said.
There arenÂ’t any concrete plans for a plant, such as a location or a specific timeline. But the cityÂ’s Department of General Services is eager to move forward on a project as part of a broader energy plan itÂ’s pushing with federal stimulus money behind it, said Ted Atwood, energy adviser in the department.
High electricity rates have been a statewide focus since 2006, when deregulation of MarylandÂ’s energy market led to skyrocketing prices. State officials have pressed Baltimore Gas and Electric Co. and its parent company, Constellation Energy Group Inc., to make efforts to lower rates.
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Shell is one of the largest global investors in China's energy sector, with business covering gas production, petrochemicals and a retail fuel network. A leading supplier of liquefied natural gas, it has recently expanded into low-carbon business such as hydrogen power and electric vehicle charging.
In a rare assessment of the country's energy sector by an international oil major, Shell said China needed to take quick action this…
