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GE Stock Falls as CEO Backs ‘Deliberate’ Pace of Change

Shares of General Electric (GE) have fallen about 50% over the past year, and on May 23 GE saw its stock drop more than 7%, its biggest one-day loss since April 20, 2009. Much of Wednesday’s decline came as CEO John Flannery was speaking to attendees at the Electrical Products Group (EPG) conference in Longboat […]

Prairie Island nuclear power plant

Bill Supporting Xcel Energy Nuclear Plants Dies in Minnesota

A bill that would have provided more cost-recovery certainty for Xcel Energy’s two Minnesota nuclear plants didn’t get through the state House of Representatives prior to the legislative session ending on May 20, effectively killing the measure. The bill would have allowed Xcel to submit proposals to the Minnesota Public Utilities Commission (MPUC) designating each […]

A nuclear plant at sunset. Artwork:Victor Korniyenko/ POWER/Sonal Patel

Exelon: Record Amount of Nuclear Capacity Failed to Clear PJM Auction

Exelon Corp.’s Three Mile Island, Dresden, and all but a small portion of its Byron nuclear plants failed to clear PJM Interconnection’s latest annual capacity auction—despite an average 83% surge in capacity prices compared to last year. While coal and gas made moderate gains, demand response, energy efficiency, wind, and solar emerged as the auction’s […]

On August 31, 2012 a long filament of solar material that had been hovering in the sun's atmosphere, the corona, erupted out into space at 4:36 p.m. EDT. The coronal mass ejection, or CME, traveled at over 900 miles per second. The CME did not travel directly toward Earth, but did connect with Earth's magnetic environment, or magnetosphere, causing aurora to appear on the night of Monday, September 3. Pictured here is a lighten blended version of the 304 and 171 angstrom wavelengths taken from the Solar Dynamics Observatory. Cropped

FERC Proposes to Approve Revised GMD Reliability Standard

The Federal Energy Regulatory Commission (FERC) is poised to approve a revised reliability standard to ensure reliability during geomagnetic disturbances (GMDs). FERC staff on May 17 issued a notice of proposed rulemaking (NOPR) urging its commissioners to approve Reliability Standard TPL-007-2, which the North American Electric Reliability Corp.(NERC)  developed in response to FERC’s September 2016-issued Order […]

This remarkable image is actually a composite of hundreds of images created using satellite data collected at night.

Credit: NASA/GSFC

Concerns About Summer Reliability in Texas and California Persist

Higher-than-average temperatures forecast for much of the U.S. this summer won’t affect reliability in most regions, though concerns remain for Texas and Southern California, according to the Federal Energy Regulatory Commission (FERC). Presenting the “Summer 2018 Energy Market and Reliability Assessment,” on May 17,  FERC staff said that most entities that are part of the […]

Source: POWER/Sonal Patel

Threat Actor Behind Cybersecurity Attacks Targeting Safety Instrumented Systems Identified

A relatively new cyberattack threat activity group dubbed “XENOTIME” is intent on compromising and disrupting industry safety instrumented systems globally, and cybersecurity experts are warning it is “easily the most dangerous threat activity publicly known.” According to  global industrial control system (ICS) cybersecurity firm Dragos Inc., XENOTIME is behind TRISIS (also known as TRITON), the […]

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Officials Say No Risk of Blackout From Lava Breach at Hawaii Geothermal Plant

Officials with Hawaii Electric Light (HEL) on May 23 said the Puna Geothermal Venture power plant is secure, and that even if lava from the Kilauea eruption damages or destroys the facility, there is no danger of a blackout on the island because older, diesel-fueled plants have been brought online to provide electricity. HEL officials […]

Hope Creek_PSEG Nuclear

New Jersey Nuclear and Renewable Energy Bills Signed by Governor

New Jersey Gov. Phil Murphy signed a few important energy bills on May 23 including one (S-2313) that establishes a zero emissions certificate (ZEC) program, which reportedly will provide the state’s nuclear power plants with $300 million a year in ratepayer subsidies. To qualify, the plants must demonstrate that they make a significant contribution to […]

The Middletown Energy Center in Middletown, Ohio, was inaugurated May 21, 2018. The natural gas-fired facility is among several projects either online or being developed by Florida-based NTE Energy. Courtesy: NTE Energy

NTE Opens Gas-Fired Middletown Plant in Ohio

NTE Energy on May 21 inaugurated the new Middletown Energy Center in Middletown, Ohio, the latest in a series of natural gas-fired power plants the Florida-based company is developing in Ohio, Texas, and North and South Carolina. NTE touts the 525-MW Middletown combined cycle facility as among the most efficient gas-fired power plants in the […]

Stock_ESBWR concept_GEH

Dominion Invests in GE-Hitachi Nuclear Development of 300-MW SMR

Dominion Energy will provide seed money to further work of GE Hitachi Nuclear Energy’s (GEH’s) BWRX-300, a 300-MWe small modular reactor design (SMR). Dominion has “no plan at this time to build one at any of its commercial nuclear stations,” but the funding could help bring the SMR design closer to commercialization, GEH said in […]