Finance

Candu Wins China’s Backing to Develop AFCR Projects. Candu Energy and the China National Nuclear Corp. on Nov. 10 signed a framework joint venture agreement to build Advanced Fuel CANDU Reactor (AFCR)

The two nuclear reactors under construction at Plant Vogtle will be delayed beyond their forecast commercial operation dates of December 2017 and 2018, an oversight team told Georgia regulators in the project’s latest construction monitoring report.  The consortium building the project had originally projected the first of the two AP1000 reactors would be operational in […]

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

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 […]

San Antonio’s CPS Energy on Monday announced a new agreement to buy power from Summit Power’s  proposed integrated combined cycle coal gasification (IGCC) plant that will include carbon capture, utilization, and storage. The municipally owned utility will buy 200 MW of power from the the Texas Clean Energy Project (TCEP), which is about half the […]

On Oct. 8, the European Commission (EC) decided that the state aid included in the Hinkley Point C nuclear plant construction proposal is compatible with European Union state aid rules. The approval allows key elements of the agreement between EDF Group and the UK government, including a guaranteed “strike price” of £92.50/MWh ($148.76/MWh) for power […]

The Department of Energy (DOE) on Tuesday issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for new nuclear projects. The agency identified four technology areas of interest in the draft solicitation: advanced nuclear reactors, small modular reactors, upgrades and uprates at existing facilities, and front-end nuclear projects. The draft solicitation […]

Geographically and politically, Texas and Germany are on opposite sides of the world, but both believe strongly in competitive energy markets, and both have largely deregulated their power industries. Now both are reconsidering their market designs. Its easy to think that Germany and Texas could not be more different. One is northern, cold, and Old […]

Continually falling costs and tightening emissions regulations are set to drive huge growth in global renewable energy capacity despite flagging support for subsidies in Europe and the U.S., says a new report from Bloomberg New Energy Finance (BNEF). The BNEF report projects global spending on new power generation will be around $7.7 trillion through 2030, […]

At the Edison Electric Institute (EEI) annual meeting this week in Las Vegas, the tone was one of collaboration with partners from Washington to distributed generation companies. Those partnerships will be needed as the investor-owned utility (IOU) industry fights not so much a war on coal as a war for mindshare and wallet share in […]