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Charles P. Crane Generating Station
The Charles P. Crane Generating Station was a 400 megawatt ( MW) coal power plant located on the Carroll Island Road in Bowleys Quarters, Maryland, east of Baltimore. The power plant was operated by C.P. Crane, LLC, a subsidiary of Avenue Capital Group. The station had two coal-fired generating units, rated at 190 and 209 MW nominal capacity, and powered by cyclone steam boilers. It also had a 16 MW oil-fired combustion turbine. The Crane station occupies on the Middle River Neck Peninsula adjacent to the Seneca Creek tributary of the Gunpowder River, and is on the rural side of the Baltimore County Urban Rural Demarcation Line. The plant was closed in June 2018 and demolished via building implosion in August 2022. Coal delivery Coal was delivered to the generating station by a dedicated rail spur used by the Norfolk Southern Railway that connects to Amtrak's Northeast Corridor line. Regulatory approval to construct facilities allowing delivery by barge using a dredged channe ...
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Bowleys Quarters, Maryland
Bowleys Quarters is an unincorporated community and census-designated place in Baltimore County, Maryland, United States, with a population of 6,755 at the 2010 census. History Bowleys Quarters was named for Daniel Bowley, a merchant and sea captain who owned some around Baltimore in the mid-18th century. Bowleys Quarters was used to house his slaves. The area later became a game preserve for waterfowl and a place where presidents and others, including Babe Ruth, came to hunt ducks. The area eventually became known as a vacation spot, and many summer homes were built along the water. Many blue-collar workers were attracted during the industrial boom of the 1920s through the 1950s. Many worked at the nearby Glenn L. Martin company (now Lockheed Martin) and Bethlehem Steel. The community experienced an economic downturn with downsizing of the Martin facility and other area businesses, and Bowleys Quarters became a mix of middle-class homes juxtaposed with modern waterfront homes ...
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Amtrak
The National Railroad Passenger Corporation, Trade name, doing business as Amtrak () , is the national Passenger train, passenger railroad company of the United States. It operates inter-city rail service in 46 of the 48 contiguous United States, contiguous U.S. States and nine cities in Canada. ''Amtrak'' is a portmanteau of the words ''America'' and ''trak'', the latter itself a sensational spelling of ''track''. Founded in 1971 as a quasi-public corporation to operate many U.S. passenger rail routes, Amtrak receives a combination of state and federal subsidies but is managed as a for-profit corporation, for-profit organization. The United States federal government, through the United States Secretary of Transportation, Secretary of Transportation, owns all the company's Issued shares, issued and Shares outstanding, outstanding preferred stock. Amtrak's headquarters is located one block west of Washington Union Station, Union Station in Washington, D.C. Amtrak serves more th ...
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YouTube
YouTube is a global online video platform, online video sharing and social media, social media platform headquartered in San Bruno, California. It was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim. It is owned by Google, and is the List of most visited websites, second most visited website, after Google Search. YouTube has more than 2.5 billion monthly users who collectively watch more than one billion hours of videos each day. , videos were being uploaded at a rate of more than 500 hours of content per minute. In October 2006, YouTube was bought by Google for $1.65 billion. Google's ownership of YouTube expanded the site's business model, expanding from generating revenue from advertisements alone, to offering paid content such as movies and exclusive content produced by YouTube. It also offers YouTube Premium, a paid subscription option for watching content without ads. YouTube also approved creators to participate in Google's Google AdSens ...
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Natural Gas
Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon dioxide, nitrogen, hydrogen sulfide, and helium are also usually present. Natural gas is colorless and odorless, so odorizers such as mercaptan (which smells like sulfur or rotten eggs) are commonly added to natural gas supplies for safety so that leaks can be readily detected. Natural gas is a fossil fuel and non-renewable resource that is formed when layers of organic matter (primarily marine microorganisms) decompose under anaerobic conditions and are subjected to intense heat and pressure underground over millions of years. The energy that the decayed organisms originally obtained from the sun via photosynthesis is stored as chemical energy within the molecules of methane and other hydrocarbons. Natural gas can be burned fo ...
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PJM Interconnection
PJM Interconnection LLC (PJM) is a regional transmission organization (RTO) in the United States. It is part of the Eastern Interconnection grid operating an electric transmission system serving all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia. PJM, headquartered in Valley Forge, Pennsylvania, was the world's largest competitive wholesale electricity market until the development of the European Integrated Energy Market in the 2000s. More than 1,000 companies are members of PJM, which serves 65 million people and has 185 gigawatts of generating capacity. With 1,436 electric power generators and 85,103 miles of transmission lines, PJM delivered 783 terawatt-hours of electricity in 2021. Started in 1927, the pool was renamed the ''Pennsylvania-New Jersey-Maryland'' Interconnection (PJM) in 1956. The organization continues to integrate addition ...
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Electricity Market
In a broad sense, an electricity market is a system that facilitates the exchange of electricity-related goods and services. During more than a century of evolution of the electric power industry, the economics of the electricity markets had undergone enormous changes for reasons ranging from the technological advances on supply and demand sides to politics and ideology. A restructuring of electric power industry at the turn of the 21st century involved replacing the vertically integrated and tightly regulated "traditional" electricity market with multiple competitive markets for electricity generation, transmission, distribution, and retailing. The traditional and competitive market approaches loosely correspond to two visions of industry: the deregulation was transforming electricity from a public service (like sewerage) into a tradable good (like crude oil). As of 2020s, the traditional markets are still common in some regions, including large parts of the United Stat ...
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Market Power
In economics, market power refers to the ability of a firm to influence the price at which it sells a product or service by manipulating either the supply or demand of the product or service to increase economic profit. In other words, market power occurs if a firm does not face a perfectly elastic demand curve and can set its price (P) above marginal cost (MC) without losing revenue.Syverson, C. (2019). Macroeconomics and Market Power. The Journal of Economic Perspectives, 33(3), 23-43. https://doi.org/10.1257/jep.33.3.23 This indicates that the magnitude of market power is associated with the gap between P and MC at a firm's profit maximising level of output. Such propensities contradict perfectly competitive markets, where market participants have no market power, P = MC and firms earn zero economic profit. Market participants in perfectly competitive markets are consequently referred to as 'price takers', whereas market participants that exhibit market power are referred to as ...
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Riverstone Holdings
Riverstone Holdings is a multinational private equity firm based in New York City focused on leveraged buyout, growth capital, and credit investments in the energy industry and electrical power industry sectors. The firm focuses on oil and gas exploration, midstream pipelines, electricity generation, energy and power services, energy and power technology, and renewable energy infrastructure and technology. Riverstone has raised approximately $41 billion since the firm's inception in 2000. History Riverstone was founded by Pierre F. Lapeyre, Jr. and David M. Leuschen, who had been instrumental in the formation of the Goldman Sachs Global Energy & Power Group in the mid 1980s. The firm is based in New York and has offices in Houston, London, and Mexico City. Riverstone and Carlyle closed on their first fund with $222 million of commitments in 2001. In June 2004, the firms completed fundraising for Carlyle/Riverstone Global Energy & Power Fund II, with $1.1 billion of investor com ...
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Herbert A
Herbert may refer to: People Individuals * Herbert (musician), a pseudonym of Matthew Herbert Name * Herbert (given name) * Herbert (surname) Places Antarctica * Herbert Mountains, Coats Land * Herbert Sound, Graham Land Australia * Herbert, Northern Territory, a rural locality * Herbert, South Australia. former government town * Division of Herbert, an electoral district in Queensland * Herbert River, a river in Queensland * County of Herbert, a cadastral unit in South Australia Canada * Herbert, Saskatchewan, Canada, a town * Herbert Road, St. Albert, Canada New Zealand * Herbert, New Zealand, a town * Mount Herbert (New Zealand) United States * Herbert, Illinois, an unincorporated community * Herbert, Michigan, a former settlement * Herbert Creek, a stream in South Dakota * Herbert Island, Alaska Arts, entertainment, and media Fictional entities * Herbert (Disney character) This list of Donald Duck universe characters focuses on Disney cartoon and comics characte ...
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Brandon Shores Generating Station
The Brandon Shores Generating Station is an electric generating station located on Fort Smallwood Road north of Orchard Beach in Anne Arundel County, Maryland, near Glen Burnie, and is operated by Raven Power Holdings, Inc. Brandon Shores consists of two Babcock & Wilcox coal-fired boilers and two General Electric steam turbines with a combined nominal generating capacity of 1370 MWe. Unit 1 went into operation in May 1984 and Unit 2 in May 1991. The station shares a site adjacent to the Patapsco River with the Herbert A. Wagner Generating Station. The Brandon Shores plant dominates the site with its exhaust and flue-gas desulfurization (FGD) system stacks. Talen Energy will convert the coal-fired units to alternative fuels by 2025. Coal delivery The Brandon Shores and Wagner Generating Stations consume approximately 4.8 million tons of coal annually. Coal for both stations is delivered by barge. Although there is a railroad spur into the site, it is unused and would req ...
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Constellation (An Exelon Company)
Constellation Energy Corporation () is an energy company headquartered in Baltimore, Maryland, United States. The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States. The company was known as Constellation Energy Group, (former NYSE ticker symbol CEG) a Fortune 500 company and one of the largest electricity producers in the United States, until a merger with Exelon in 2012. When the acquisition was approved by FERC, Constellation Energy's energy supply business was re-branded as Constellation, an Exelon company. As part of the 2012 merger, Baltimore Gas and Electric, the regulated utility operated by Constellation Energy, became a regulated utility operating under Exelon Utilities. The current iteration of the company was founded in 2022 after splitting off from Exelon. Before merging with Exelon, Constellation Energy Group operated more than 35 power plants in 11  ...
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United States Department Of Energy
The United States Department of Energy (DOE) is an executive department of the U.S. federal government that oversees U.S. national energy policy and manages the research and development of nuclear power and nuclear weapons in the United States. The DOE oversees the U.S. nuclear weapons program, nuclear reactor production for the United States Navy, energy-related research, and domestic energy production and energy conservation. The DOE was created in 1977 in the aftermath of the 1973 oil crisis. It sponsors more physical science research than any other U.S. federal agency, the majority of which is conducted through its system of National Laboratories. The DOE also directs research in genomics, with the Human Genome Project originating from a DOE initiative. The department is headed by the Secretary of Energy, who reports directly to the president of the United States and is a member of the Cabinet. The current Secretary of Energy is Jennifer Granholm, who has served ...
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