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Legal & Regulatory
Appeal Filed After Judge Dismisses Challenge to Illinois’ ZEC Program
A federal judge has let stand Illinois’ zero-emission credit (ZEC) program, dismissing challenges filed by power producers who said the initiative subsidizes nuclear power at the expense of other resources. Judge Manish S. Shah of the U.S. District Court for the Northern District of Illinois on July 14 ruled in favor of motions by the […]
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Coal
Dynegy Divests Assets as Part of Engie Deal
Dynegy this week announced it will sell three more power plants to reduce debt as it works to satisfy an agreement with the Federal Energy Regulatory Commission (FERC) reached after the company’s $3.3 billion purchase of French energy giant Engie’s U.S.-based assets earlier this year. Houston, Texas-based Dynegy said it has agreed to sell its […]
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Renewables
NRG’s New Plan: Sell Assets, Change Focus, Raise Cash
NRG Energy said it will sell as much as $4 billion in assets as it seeks to lower its debt and cut costs after a revolt by activist investors unhappy with the company’s direction. Shares of the company jumped 29% to a two-year high on July 12 after NRG announced the moves as part of […]
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Coal
Bipartisan Group Backs Extension of Carbon Tax Credit
A bipartisan group of U.S. senators has announced plans to reintroduce legislation called the FUTURE Act, which would extend and expand the federal 45Q tax credit for carbon dioxide capture and sequestration. The bill has the support of both fossil fuel companies and environmental groups. At present, the 45Q provision awards $10 per metric ton […]
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Legal & Regulatory
Indiana Coal Plant Delays Pollution Control Amid EPA Uncertainty
Northern Indiana Public Service Co. (NIPSCO) said it will hold off on installing wastewater pollution controls at its largest coal plant in Indiana as industry groups continue to challenge the Environment Protection Agency (EPA) ruling that led to the installation plan. NIPSCO asked Indiana regulators in November 2016 to approve a $400 million plan for […]
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Legal & Regulatory
Court Rejects FERC Decision on PJM Pricing Rule
A federal appeals court has ruled the Federal Energy Regulatory Commission (FERC) should not have denied a 2012 proposal by PJM in which the regional power operator sought to revise its minimum offer price rule (MOPR). The D.C. Circuit Court of Appeals on July 7 said FERC went beyond its “passive and reactive role” under […]
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Nuclear
Russian Hackers Targeting U.S. Nuclear Plants: Reports
U.S. officials said Russian government hackers have broken into systems at U.S. nuclear power plants and also have made cyber intrusions into the business systems of other energy companies, according to several reports over the past week. Cybersecurity experts say the threats against U.S. facilities are real and likely to continue, as power plant operators […]
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Renewables
Xcel Moves Forward With Wind Power Expansion
Xcel Energy plans to add about 1,550 MW of wind power to its portfolio in the Upper Midwest with the addition of seven wind farms expected to be operational by year-end 2020. The additions are among 11 new wind farms announced over the past year by Xcel in seven states that would add a total […]
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Renewables
New Jersey Backs Studies for Microgrid Projects
New Jersey officials this week said the state’s Board of Public Utilities is funding feasibility studies for a series of microgrids across the state that could provide needed power to municipalities at times of critical need, such as after a natural disaster. The board said the idea is designed to further the State Energy Master […]
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Renewables
Abandoned TVA Nuclear Site Has New Life as Solar Farm
A long-shuttered Tennessee nuclear power plant project has been reborn as a solar farm, with the energy produced there made available for use by local residents and the Tennessee Valley Authority (TVA). The Phipps Bend Nuclear Power Plant project in Surgoinsville was canceled by TVA in 1981, a victim of the negative sentiment toward nuclear […]