Clearway Energy Provides Operational Update on El Segundo Energy Center

Source: www.gulfoilandgas.com 9/21/2022, Location: North America

Clearway Energy, Inc. announced that beginning on August 29th, the El Segundo Energy Center began a forced outage at Units 7 and 8 due to damage of a portion of the tube bundles used to condense steam. After initial repairs, both Unit 7 and 8 returned to service on September 14th. In consultation with the Company’s Operations and Maintenance service provider, the Company plans to replace the remaining tube bundles at Unit 7 and 8. The Company estimates the cash impact related to the forced outage due to lost revenue, O&M, and capital expenditures to be approximately $10-12 million in 2022.

Management will provide an update to 2022 financial guidance and initiate 2023 financial guidance as part of its third quarter 2022 earnings update. The Company is reiterating its target to achieve the upper range of its 5% to 8% annual dividend growth objective through at least 2026.


United Kingdom >>  11/22/2022 - Wood has been appointed integrated services partner by Centrica Storage for the company’s UK Southern North Sea operations. The five-year contract inc...
Norway >>  11/18/2022 - Aker Solutions continues to serve as supplier of maintenance and modification services (M&M) on the Johan Sverdrup-field. The extension of the call of...

Norway >>  11/15/2022 - Emerson, a global software and engineering leader, has signed a five-year framework agreement with Equinor to provide operational support services to ...
Norway >>  11/11/2022 - Since 2021, Kongsberg Ferrotech has worked in a joint industry project with the partners Equinor, Gassco and SINTEF to develop and test advanced 3D pr...

Spain >>  11/9/2022 - APM Terminals Valencia lays foundation stone for new maintenance workshop APM Terminals Valencia laid the foundation stone of a new 2,145 square metr...
Spain >>  11/9/2022 - APM Terminals Valencia laid the foundation stone of a new 2,145 square metre maintenance workshop on the Levante quay yesterday. This is a key milesto...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.