Archive: Business

Dominion Brokers 10-Year Deal to Keep Millstone Nuclear Plant Open

Connecticut Gov. Ned Lamont on April 15 announced the Millstone Nuclear Power Station will stay open for at least another decade, thanks to a deal between Dominion, the plant’s owner, and utilities Eversource and United Illuminating, a subsidiary of Avangrid. Millstone, like other U.S. nuclear power plants, has been challenged by rising operating costs and […]

Nuclear Subsidy Dispute Now Rests with FERC, Competitive Generators Say 

The U.S. Supreme Court’s refusal to reconsider industry-led challenges to state nuclear subsidy programs in New York and Illinois leaves the contentious matter to the Federal Energy Regulatory Commission (FERC).  The high court on April 15 declined to accept petitions for review of decisions by the Second Circuit and Seventh Circuit, dealing a major blow […]

Simplifying Sensor Calibration and Maintenance in Power Plants

Falling profit margins mean there is growing pressure on power plants to do more with less. In many plants there has been a reduction in maintenance staff, and the remaining team is left trying to keep all equipment operational with a lower budget and in fewer hours. Digital sensors are a major contribution to simplifying and easing the maintenance burden.

Ohio Lawmakers Announce Plan to Subsidize Nuclear Plants

Ohio lawmakers on April 12 announced a plan to provide financial support to the state’s two nuclear power plants by adding a surcharge to customers’ electric bills. The bill’s supporters said it also would generate as much as $300 million annually for clean power generation in Ohio, though the measure calls for abolishing mandates for […]

Wind Industry Prepares for Massive Expansion

Construction activity on wind projects across the U.S. surged to a record level of more than 20 GW in the third quarter of 2018, and about 35.1 GW of new wind capacity was under construction or in advanced development at the end of 2018, according to the American Wind Energy Association (AWEA).  In 2018, the […]

Three-Mile-Island-nuclear-plant

Pressure Mounts as Legislators Try to Save Nuclear Plants

Time is winding down for lawmakers interested in enacting legislation to save the Three Mile Island (TMI) nuclear plant. That message was amplified on April 5 when Exelon Corp. filed the federally required Post Shutdown Decommissioning Activities Report (PSDAR) with the Nuclear Regulatory Commission. The PSDAR details plans for TMI Unit 1 after its final […]

New Cyberattack by Group Behind TRITON/TRISIS Reported

Cybersecurity firm FireEye has uncovered and is responding to a new intrusion at an unnamed critical infrastructure facility that it suggests in an April 10 blog post was perpetrated by the group behind the TRITON attack, which prompted a process shutdown at a Middle Eastern facility in 2017. But while details of the new attack are sparse, […]

PJM Will Hold Capacity Auction Under Current Rules in August

PJM Interconnection said it will hold its 2022–2023 capacity auction under current market rules on Aug. 14, 2019, though the Federal Energy Regulatory Commission (FERC) has yet to issue a decision on the grid operator’s plan to revamp its Minimum Offer Price Rule (MOPR). In an April 10 filing, however, PJM asked FERC to clarify that […]

POWER Notebook: New 1,600-MW Coal Plant in India; Low-Price Solar Deal in Idaho

Financing has reportedly been secured for a 1,600-MW coal-fired power plant in India’s eastern state of Jharkhand. Qatar’s Gulf Times newspaper reported April 6 that Power Finance Corp., a state-run lender in India, and its subsidiary REC approved a $1.5 billion loan for the project. The report said the new plant would be funded through loans […]

Vogtle 2 Installs World’s First Full Accident-Tolerant Fuel Assemblies

The world’s first complete advanced nuclear fuel test assemblies containing accident-tolerant fuel (ATF) have been installed at Southern Co.’s Alvin W. Vogtle Electric Generating Plant’s Unit 2 in Georgia.  Nuclear giant Framatome delivered four GAIA lead fuel assemblies containing enhanced ATF (EATF), including both pellets and cladding, to the plant owned by Georgia Power in […]

For First Time, IEA Quantifies Coal’s Dominant Role in Global Temperature Increase

Coal combustion was responsible for more than 0.3 degrees C of the 1-degree C surge in global average annual surface temperatures above pre-industrial levels—and that makes coal the single largest source of the global temperature increase, the International Energy Agency (IEA) says in a new report.  The finding, outlined in the IEA’s Global Energy & […]