Power News Don't miss these POWER magazine resources: Post Jobs | View Jobs | Buyers' Guide 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 […]

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 company’s bondholders once GenOn emerges from voluntary Chapter 11 restructuring. NRG, GenOn, and an ad hoc group of GenOn noteholders reached a mutual cooperation agreement […]

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 early retirement. Meanwhile, procurements for solar, wind, and demand response fell dramatically compared to last year, and drastic price declines could roil the market for […]

Power News Don't miss these POWER magazine resources: Post Jobs | View Jobs | Buyers' Guide Senate Committee Takes on Regulatory Reform The Senate Committee on Homeland Security and Government Affairs May 17 advanced a number of bills that could have significant impacts on the future of energy regulation in the future. Four of the […]

  Finnish technology firm Wärtsilä has acquired Greensmith Energy Management Systems, a firm that specializes in energy storage optimization and integration software, for an undisclosed amount. Greensmith, which has designed and deployed more than 180 MW of energy storage at 50 sites globally, has developed a software platform, GEMS, which optimizes the performance of energy […]

Virginia’s governor has directed the commonwealth’s environmental quality agency to establish regulations to curb its carbon emissions from power plants via a carbon trading scheme by the end of this year.  Executive Directive 11 signed by Gov. Terry McAuliffe (D) on May 16 instructs the Department of Environmental Quality to develop a proposed rule to […]

India’s government has given the state-owned Nuclear Power Corp. of India Ltd. (NPCIL) the green light to develop 10 new domestically designed pressurized heavy water reactors (PHWRs). The approval means that NPCIL, the entity that owns and operates India’s 22 nuclear reactors—a total of 6.2 GW—can begin to site and build 10 more 700-MW PHWR […]

Detroit-based DTE Energy wants to slash its carbon emissions by more than 80% from 2005 levels by 2050, a reduction it said is in line with broad targets identified by scientists to address climate change.  The company said on May 16 that it plans to substantially increase investments in renewables, transition its baseload capacity from […]

Power News Don't miss these POWER magazine resources: Post Jobs | View Jobs | Buyers' Guide No Firm Date for Watts Bar 2 Return to Service Yet Watts Bar 2, the Tennessee Valley Authority’s (TVA’s) nuclear unit that began commercial operation last October, has been shut down indefinitely owing to a major issue with a condenser […]

Watts Bar 2, the Tennessee Valley Authority’s (TVA’s) nuclear unit that began commercial operation last October, has been shut down indefinitely owing to a major issue with a condenser revealed this March. TVA spokesman Jim Hopson told POWER on May 11 that the reactor—the first new nuclear unit to begin operations in the U.S. in more than […]