Business

Nearly two years after Japan’s last nuclear power plant was shut down for safety checks, Kyushu Electric Power Co. has started up the 890-MW Sendai-1. The event marks a significant milestone for the country’s nuclear sector, which was crippled by the Fukushima disaster in 2011.  Kyushu started up Sendai-1 at 10:30 a.m. local time and […]

Though most power generators and states might have preferred to not deal at all with a new rule regulating greenhouse gas emissions, the final Clean Power Plan (CPP), released August 3, gives most of the power industry most of what it asked for in terms of revisions to the 2014 proposed plan. In any regulatory […]

In a deal said to be the largest ever involving electric cooperatives, a group of 12 cooperatives completed the purchase of Alliant Energy’s electric service territory in southern Minnesota, which serves more than 43,000 customers. The agreement was signed in September 2013 between Interstate Power and Light Co. (IPL)—Alliant’s Iowa utility—and Southern Minnesota Energy Cooperative […]

Ameren Missouri has dropped plans to build a second nuclear unit at its Callaway Energy Center, citing shaky economics in the context of cheaper renewables, low demand, and other factors for its decision. “While we continue to believe nuclear power must be an important clean energy source for our company and country, as evidenced by […]

Australia Slashes Its Renewable Target to 33 TWh. The parliament of coal-rich Australia on June 23 approved legislation to slash the country’s Renewable Energy Target from 41 TWh to 33 TWh. The contentious bill passed after a compromise agreement in May (see “Australian Lawmakers Strike RET Deal” in POWER’s July 2015 issue). Australia’s RET, which […]

Courtesy: SaskPower There was no debate among our editorial team when it came to selecting the most interesting and worthy project worldwide for this year’s top award. Boundary Dam Power Station Unit 3 is the world’s first operating coal-fired power plant to implement a full-scale post-combustion carbon capture and storage system. It did so more […]

France’s state-owned utility EDF will snap up between 51% and 75% of troubled nuclear giant AREVA’s reactor business in a possible $2.96 billion deal.  While the French government owns about 87% of AREVA and 85% of EDF, the utility that operates the nation’s aging 58-reactor fleet, it has pledged to look at all options to […]

Though the U.S. Senate voted 64–29 this week to renew the charter of the Export-Import Bank of the United States (Ex-Im), the House may adjourn for its summer break without taking action on the issue.  Congress let the Ex-Im bank’s charter lapse for the first time in its 81 years of continuous operation on June […]

As part of a remedy package to appease the European Commission, Alstom will accept $331 million less than the original $13.63 billion purchase price offered by General Electric (GE) to close the deal.  The much-anticipated deal has come under close scrutiny by the European Commission, which opened a full-scale antitrust investigation into the deal on […]

NextEra Energy’s $4.3 billion bid to buy Hawaiian Electric Industries faces big, perhaps insurmountable, obstacles before the Hawaii Public Utilities Commission, which opened the record on the deal last week. The commission published the public filings in the case, which were overwhelmingly negative. Hawaii’s governor, David Ige, panned the deal in a press conference on […]