Business

With the landslide re-election of Governor Jerry Brown, California looks certain to continue its suite of low-carbon policies, including the AB32 cap-and-trade program for greenhouse gases, energy efficiency programs funded to the tune of a billion dollars a year, and its renewables portfolio standard (RPS) of 33% by 2020. In fact, Gov. Brown has suggested […]

NextEra Energy Inc. and Hawaiian Electric Industries Inc. (HEI)—two companies with substantial renewable energy resources—agreed on Dec. 3 to combine in a transaction valued at roughly $4.3 billion. Currently, NextEra Energy’s principal subsidiaries include Florida Power & Light Co. (the third-largest electric utility in the U.S.), and NextEra Energy Resources (North America’s largest producer of […]

The Environmental Protection Agency’s (EPA’s) proposed carbon rules for existing power plants amassed more than 1.6 million remarks before the public comment period ended on Monday. Here’s a snapshot of what states, regulators, industry groups, and environmental alliances told the agency about its Clean Power Plan.  States Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, […]

E.ON—a major investor-owned energy supplier that manages facilities across Europe, Russia, North America, Brazil, and Turkey—announced this week that it will embark on a new corporate strategy focused on renewables, distribution networks, and customer solutions, while combining its power generation, global energy trading, and exploration and production businesses into a new, independent company. “We are […]

William D. Magwood, IV, formerly head of the U.S. Department of Energy’s Office of Nuclear Energy and commissioner at the U.S. Nuclear Regulatory Commission, and current director-general of the Organisation

“Pivoting” is a popular business buzzword, particularly in the context of startups, which often quickly change strategic direction. The global nuclear industry isn’t exactly a startup, but it is at or

EU Adopts Energy, Climate Targets for 2030. European Union (EU) leaders on Oct. 23 endorsed a binding target that will require all of the bloc’s 28 members to reduce greenhouse gas (GHG) emissions by at

France, which counts on nuclear energy for roughly 75% of its power needs and is a leading nuclear technology exporter, has embarked on an energy transition to substantially diminish its reliance on nuclear

Australian Prime Minister Tony Abbott’s Direct Action Plan, the policy mechanism proposed to replace the coal-rich country’s now-defunct carbon trading program, cleared the Senate despite staunch

The western Arizona desert has become a popular location for constructing large solar projects. The sunshine is plentiful and there are large tracts of non-prime farmland available that make building

In 2001, the year that the world’s largest offshore wind farm was conceived, the outlook for offshore wind was foggy. A paltry 95 MW of capacity had been installed worldwide—mostly in Denmark—and a

Over the past few years, wind generation projects have become prominent features of the North American landscape and of the utility infrastructure. In spite of their variable production load onto the grid

China on Wednesday issued a key energy strategy that sets obligatory 2020 targets for renewables and nuclear power use and urges increased natural gas consumption—but which also caps coal consumption.  The State Council’s Energy Development Strategy Action Plan covers the period between 2014 and 2020. It caps annual energy primary consumption at 4.8 billion metric […]

The U.S. Census Bureau released data on Nov. 18 showing that revenues for electric power generation industries that use renewable energy resources grew 49% from 2007 to 2012, while fossil fuel electric power generation industry revenues decreased 6.7% during the same time period. Fossil fuel revenues continued to dwarf renewable totals, bringing in $79.7 billion […]

The Obama administration’s Clean Power Plan could result in the retirement of between 3.3 GW and 8.7 GW of coal-fired capacity in the Electric Reliability Council of Texas (ERCOT) grid and jeopardize electric reliability for the state that is already power strapped, the independent system operator (ISO) says in a new analysis.  The Environmental Protection Agency’s […]

Events over the past year—turmoil in the oil-rich Middle East and the Russian-Ukraine gas crisis—along with uncertainty for nuclear power and pervading energy poverty worldwide show that the energy system is “under stress,” the International Energy Agency (IEA) says in its freshly released World Energy Outlook 2014 (WEO-2014). Despite technology and efficiency improvements, without actions […]

Reaching an unexpected climate breakthrough, the U.S. and China in a joint statement on Wednesday each announced new targets to slash carbon dioxide emissions by 2030.  President Barack Obama set a new target to cut U.S. carbon emissions between 26% and 28% below 2005 levels by 2025. Chinese leader Xi Jinping, meanwhile, said his country […]

Kyushu Electric Power Co.’s twin Sendai nuclear units in Japan’s Kagoshima Prefecture on Nov. 7 got the government’s green light to restart. Once back online, likely in 2015, the units will be the first to restart of Japan’s 48 reactors that were shuttered for safety checks following the March 2011 Fukushima accident. Kagoshima Prefecture Governor Yuichiro […]

A couple of recently released reports offer some hope for the future of nuclear power plants operating on the fringe of profitability. Moody’s Investors Service suggests that the U.S. Environmental Protection Agency’s (EPA’s) Clean Power Plan “could increase the value of nuclear power as a non-carbon emitting generation source.” In its report, “Environmental Mandates and […]

On Nov. 5, The Babcock & Wilcox Co. (B&W) announced that its board of directors has unanimously approved a plan for the tax-free spin-off of the company’s power generation business to B&W’s shareholders, in the process forming two independently traded companies. In its third-quarter earnings call the following day, company executives emphasized that the two […]

The Electric Reliability Council of Texas (ERCOT) completed an evaluation of a plan to export power to Mexico from the Frontera Generation Station, located in Mission, Texas. Although the results indicated that the power system could operate effectively during normal conditions without Frontera’s capacity, ERCOT says it has concerns with power supply sufficiency and transmission […]

The decision to eliminate coal-fired power plants and the implementation of an aggressive feed-in tariff program puts Ontario’s electricity system in the spotlight. Download a pdf of this sponsored report, written by Global Business Reports: GBR_ONTARIO_PWR_1114_sm

China has been battling—and losing—a “war” on air pollution for years. Stepping up its efforts, the country recently issued new policy measures, tougher even than those in the U.S. and European Union, that could have big implications for its coal power sector.  Reports that heavy smog has blanketed large swathes of China’s provinces have become […]

The U.S. Department of Energy (DOE) has announced five awards to a total of five companies that are designed to help advance key nuclear energy research and development projects supporting advanced reactor technologies. The awards were framed as being part of the administration’s Climate Action Plan and are part of a DOE program launched in […]

William D. Magwood, IV, formerly head of the U.S. Department of Energy’s Office of Nuclear Energy and commissioner at the U.S. Nuclear Regulatory Commission and current director-general of the Organisation for Economic Co-operation and Development (OECD) Nuclear Energy Agency (NEA), spoke with POWER Editor Gail Reitenbach on October 16 at the World Nuclear Exhibition outside […]

Cost estimates for the Kemper County Integrated Coal Gasification Combined Cycle project (IGCC) have surged another $330 million since August, mostly owing to delays that have shifted the plant’s in-service date to the first half of 2016.  Plant owner Mississippi Power’s latest monthly report submitted to the Mississippi Public Service Commission shows that the project’s total […]

The AREVA-Siemens consortium that is building the Olkiluoto 3 nuclear reactor in Finland, and the plant’s owner, Finnish utility Teollisuuden Voima Oyj (TVO), have again increased claims and counterclaims for billions of dollars in costs and losses, which they say are caused by delays afflicting the world’s first EPR project. At the end of 2003, TVO […]

The Northwest Power and Conservation Council (NPCC) reports that energy efficiency is the second-largest power resource in the Pacific Northwest region, ranking only behind hydroelectricity. The NPCC—authorized through the Northwest Power Act to develop and maintain a regional power plan, and fish and wildlife program, to balance the Northwest’s environment and energy needs—bases the claim […]

American Electric Power’s (AEP’s) Ohio unit has asked the state’s Public Utilities Commission for permission to essentially charge customers for costs to operate nine unregulated coal-fired units, a move the company says will address market volatility and ensure the economic viability of Ohio’s generation.  AEP Ohio on Oct. 3 proposed an “expanded” power purchase agreement […]

The first full-scale commercial post-combustion carbon capture and sequestration (CCS) project at an operating coal-fired power plant is now online in Estevan, Saskatchewan, roughly 10 miles north of the U.S. border. The heart of the $1.4 billion project at Boundary Dam Power Station is the rebuilt 110-MW Unit 3, originally commissioned in 1970. The project, […]