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In This Issue | 2.17.2010
POWERnews provides weekly breaking news and developments in ongoing stories of interest to the power generation industry. It is published by the editors of POWER magazine.
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Dr. Robert Peltier, Editor-in-Chief
Dr. Gail Reitenbach, Managing Editor
Sonal Patel, Staff Writer
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Obama Commits $8B in Loan Guarantees to Vogtle Expansion—With ConditionsPresident Barack Obama on Tuesday offered to conditionally guarantee $8.33 billion in loans for Southern Co.’s project to build two AP1000 nuclear reactors at the Alvin W. Vogtle Electric Generating Plant in Burke, Ga. The pledge marks the first federal nuclear loan guarantee, and it could boost construction of the first U.S. nuclear plant in more than 30 years. More commitments are on the way, the Energy Department said. Read More »
Three Firms Quit USCAPBP America, Caterpillar, and ConocoPhillips have pulled out of the U.S. Climate Action Partnership (USCAP), an alliance of business and environmental groups that has been pushing for cap-and-trade legislation. Read More »
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Ark. Supreme Court Sets Hearing on Turk PlantThe Arkansas Supreme Court is scheduled on April 15 to hear oral arguments in Southwestern Electric Power Co.’s (SWEPCO’s) appeal of a court decision that took away a permit to build the 600-MW John W. Turk Jr. coal-fired power plant in Hempstead County—the nation’s first ultrasupercritical project. Read More »
Arizona Shuns Regional Initiative’s GHG Emissions Trading RulesAn executive order issued by Arizona’s Governor Jan Brewer, a Republican, directs the state’s Department of Environmental Quality not to adopt rules under the Western Climate Initiative’s (WCI’s) cap-and-trade program without legislative authorization—but it stops short of withdrawing the state from the coalition that plans to implement a regional emissions trading program by January 2012. Read More »
Supercritical Coal Unit Enters Service in WisconsinThe first of two new supercritical 615-MW coal-fired units at the $2.3 billion Oak Creek power plant have come online, We Power said last week. Construction continues to complete the second 615-MW unit, and it is expected to be commercially operational later this year. Read More »
FirstEnergy to Acquire Allegheny in $8.5 Billion DealOhio-based power company FirstEnergy Corp. last week announced it plans to buy Pennsylvania’s Allegheny Energy in a $4.7 billion deal. The stock-for-stock transaction—valued at $8.5 billion—is expected to create one of the largest U.S. utilities. Read More »
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