Archive: Nuclear

Laramie River Station coal power plant Source: LMB Photography

Analysts: Coal Generation Will Plummet More Than 70%

About half the world’s power will be generated by wind and solar resources by 2050. Generation from coal will drop more than 70% from today’s levels. That’s according to research from energy analysts published June 19 in the “New Energy Outlook 2018” (NEO) from Bloomberg New Energy Finance (BNEF). The NEO report outlines information from […]

An aerial view shows Tokyo Electric Power Co.'s Fukushima Daini nuclear power plant in Naraha town, Fukushima prefecture, Japan, in this photo taken by Kyodo February 26, 2012. Picture taken February 26, 2012.

TEPCO Exec: Daini Plant Will Be Decommissioned

A Tokyo Electric Power Co. (TEPCO) executive on June 14 said the utility is prepared to decommission the four idle units at its Fukushima Daini nuclear plant in Japan. The comments come as TEPCO continues to struggle with large compensation payments and cleanup costs associated with the March 2011 accident at its Fukushima Daiichi nuclear […]

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FERC: There Is No Grid Emergency

President Trump wants to provide financial support to struggling coal and nuclear power plants. He’s told the Department of Energy (DOE) to make it happen. But a bipartisan group of lawmakers on Capitol Hill, along with commissioners from the Federal Energy Regulatory Commission (FERC), made it clear June 12 they don’t support federal government intervention […]

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GE Will Cut Jobs, End Manufacturing at Virginia Plant

General Electric’s (GE’s) power unit has said it will end manufacturing operations at its plant in Salem, Virginia, next year, with more than 260 workers losing their jobs, according to union officials. Officials noted that 42% of the affected workers are eligible for retirement. The plan announced June 8 said the Salem plant, which opened […]

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Xcel Will Retire Coal, Add Renewables in Latest Plan

Xcel Energy, citing “historically low” costs for wind and solar power, said it wants to double its generation from renewable sources. Colorado’s largest utility also said it will retire two coal-fired units representing 660 MW at its Comanche Generating Station in Pueblo at least 10 years ahead of schedule. The changes were outlined in a […]

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

Six Glaring Interventions in Competitive Markets — Beyond the Trump Plan

The Trump administration’s attempt to prop up uneconomic “fuel secure” generators in competitive markets is just the latest in a string of recent “extra-market” interventions that experts said imperil independent organized markets for electricity. In a recent white paper, Raymond Gifford and Matthew Larson, energy partners at Wilkinson Barker Knauer LLP, said the restructured administrative […]

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Exelon CEO Clarifies Headline-Grabbing No-Grid-Emergency Comment

Chris Crane, CEO of Exelon Corp., seemed to take umbrage with the way comments he made on June 5 were reported by Utility Dive. The website published the headline “Exelon CEO: No grid emergency to justify DOE coal, nuke bailout,” but Crane went out of his way to clarify his position while on stage participating […]

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NuScale Boosts SMR Capacity, Making it Cost Competitive with Other Technologies

Optimization through advanced testing and modeling tools will increase NuScale Power’s small modular reactor (SMR) capacity by 20%, which could make it “even more competitive with other electricity generation sources,” the Portland, Oregon, company announced on June 6. The breakthrough would boost the power capacity of a 12-module SMR plant currently planned by Utah Associated Municipal […]

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More Groups Weigh-in on Trump Move to Save Coal, Nuclear—Including Supporters

Few entities have expressed approval of the Trump administration’s plan that includes a directive for system operators to buy or arrange purchase of energy or capacity from designated “fuel secure” power plants for two years until the Department of Energy (DOE) can address “grid security” challenges. The 41-page draft memo dated May 29—which was presumably authored […]

FirstEnergy Corp. wants to deactivate the Pleasants Power Station, a 1.3-GW coal power plant near Belmont, West Virginia, by January 2019. The plant began operations in 1979. During construction of the plant, cooling tower #2 collapsed, killing 51 workers. The construction accident in April 1978 is still considered one of the worst in U.S. history. Courtesy: FirstEnergy

Swift (and Angry) Reaction to Trump Move to Save Coal, Nuclear Plants

Reactions from U.S. energy and legal and regulatory groups began pouring in minutes after the White House confirmed on June 1 that President Trump has directed the Department of Energy (DOE) to act immediately to stop the loss of uneconomic coal and nuclear plants.  White House Press Secretary Sarah Sanders said in a June 1 […]