POWER
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POWER

  • UK Nuclear Regulator Raises Issue Against AP1000

    The UK’s nuclear safety and security regulator last week raised a regulatory issue against Westinghouse’s AP1000 nuclear reactor design, saying it was not satisfied that the modular construction methodology could protect the third-generation pressurized water reactor from severe weather or physical impact. The finding comes on the heels of a similar issue raised by the […]

  • CPS Energy, NINA Reach $1B Settlement Over STP Project

    A $1 billion settlement negotiated by CPS Energy and Nuclear Innovation North America (NINA) last week ended a bitter legal dispute between the companies and could allow the proposed nuclear expansion of the South Texas Project (STP) near Bay City, Texas, to proceed.

  • DOE Offers BrightSource Energy $1.37B in Loan Guarantees for Ivanpah

    The Department of Energy on Monday conditionally offered California solar company BrightSource Energy more than $1.37 billion in loan guarantees to support construction and start-up of three utility-scale concentrated solar power plants (CSP) in the Mojave Desert of southeastern California.

  • Graham Pushes for Federal “Clean” Electricity Standard

    A draft bill being circulated by Sen. Lindsey Graham (R-S.C.) seeks to create a federal clean electricity standard that could require utilities to supply 13% of electricity from “clean” sources by 2012, reach 25% in 2025, and 50% in 2050.

  • Obama Commits $8B in Loan Guarantees to Vogtle Expansion—With Conditions

    President 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.

  • Three Firms Quit USCAP

    BP 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.

  • Arizona Shuns Regional Initiative’s GHG Emissions Trading Rules

    An 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.

  • Ark. Supreme Court Sets Hearing on Turk Plant

    The 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.

  • Supercritical Coal Unit Enters Service in Wisconsin

    The 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.

  • FirstEnergy to Acquire Allegheny in $8.5 Billion Deal

    Ohio-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.