POWERnews [May 25, 2017]

Southern Company Could Delay Plant Vogtle Decision Until Late Summer

CEO Tom Fanning told Southern Co.'s shareholders attending the company’s annual meeting on May 24 that a decision on how to proceed with the Plant Vogtle nuclear expansion could take several…

NRG Poised to Relinquish Debt-Laden GenOn to Creditors

Under a proposed restructuring agreement, NRG Energy will hand over 100% equity of GenOn Energy, a wholesale generation company it acquired in a $1.7 billion deal in 2012, to the…

Trump Administration Releases Budget Slashing Energy Research

President Donald Trump wants to balance the federal budget in 10 years, and it appears he believes that to do so, deep cuts to the nation’s energy research funding are…

PJM Auction Signals Trouble for Nuclear, Coal, and Even Renewables

Two nuclear plants owned by Exelon Corp. in Illinois and Pennsylvania failed to clear PJM Interconnection’s latest annual capacity auction, putting one of those financially crippled units at risk of…

IRENA: Global Renewable Energy Jobs Grew to 9.8 million in 2016

The renewable energy sector employed 9.8 million people in 2016, up 1.1% percent from 2015, according to the International Renewable Energy Agency’s (IRENA’s) “Renewable Energy and Jobs Annual Review 2017”,…

Ohio Committee Suspends FirstEnergy's Nuclear Power Rescue Plan

Ohio-based FirstEnergy’s plan for a rescue of its two uncompetitive Ohio nuclear plants took a nosedive May 17, as the Ohio House Public Utilities Committee suspended action on the company’s…

Nuclear Farewell?

In 1957, legendary Calypso singer and civil rights activist Harry Bellefonte recorded “Jamaica Farewell,” which became a major hit in the U.S. The song’s chorus: “Sad to say, I’m on…