Legislative
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News
Governor to TVA: Keep Paradise Coal Unit Open
In a letter addressed to Tennessee Valley Authority (TVA) CEO Bill Johnson, Kentucky Gov. Matthew G. Bevin said it “would be a huge mistake” to permanently shut down Paradise Unit 3—the last operating coal unit at the Paradise site in Muhlenburg County, Kentucky. According to the governor, “the impact on our economy and our region’s […]
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News
Clean Air Act Issues Congress Could Grapple With in New Session
While the Republican-led U.S. House and Senate in the 115th Congress was mainly focused on reviewing, for modification or repeal, several environmental rules issued under the Clean Air Act (CAA), the new Democrat majority in the House could focus on a slew of different measures, a new report from the Congressional Research Service (CRS) suggests. […]
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News
Bipartisan Nuclear Modernization Bill Clears Congress
A bipartisan bill to modernize regulation of the nation’s nuclear power fleet passed in the U.S. Senate on Dec. 20 and the House on Dec. 21 without much opposition. It now heads to President Trump. S.512, better known as the Nuclear Energy Innovation and Modernization Act (NEIMA), seeks to provide a program to develop […]
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Commentary
Bailing Out Coal and Nuclear Plants Is Misguided
For decades the U.S. has relied on coal for much of its energy supply. States with abundant coal—Pennsylvania, West Virginia, Kentucky, and others—have towns and cities whose economies are driven by the coal industry. Now, as the coal industry declines and those areas struggle, the Trump administration wants to use taxpayer money to save coal […]
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News
Key Power Industry Conferences and Trade Shows to Think About in 2019
Conferences and exhibitions are a valuable way for power professionals to share ideas and network, gain up-to-date training, further education, understand regulatory or policy changes, and access the latest products and technologies. POWER‘s editors compiled this helpful list of events in 2019 that cater to the power industry. FEBRUARY ARC Industry Forum February 4-7 Orlando, […]
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News
Regulators Back Dominion Takeover of SCANA
Dominion Energy’s bid to purchase SCANA Corp. and its South Carolina Electric & Gas (SCE&G) utility, approved by South Carolina regulators on Dec. 14, could bring some stability to SCANA. Shareholders hope that’s the case; they’re excited about swapping their devalued SCANA shares for more valuable Dominion stock. Workers, though, remain uncertain about their futures, […]
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News
Senate Confirms McNamee as FERC Commissioner
The U.S. Senate on a 50-49 party-line vote December 6 confirmed Bernard McNamee to a seat on the five-member Federal Energy and Regulatory Commission (FERC), despite questions about his independence from the Trump administration and his previous comments in support of a bailout of coal and nuclear U.S. power plants at the expense of renewable […]
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News
Xcel’s Latest Plan: Carbon-Free by 2050
Xcel Energy has announced its plan to move to 100% carbon-free power generation by 2050, with the utility also saying it will reduce carbon emissions by 80% by 2030, from 2005 levels. Xcel, headquartered in Minneapolis, Minnesota, serves customers in eight states and over the past two years has announced a significant number of renewable […]
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News
Midterms a Mixed Bag for State Energy Ballot Measures
The midterm elections yielded mixed results for power-related matters across the U.S. Voters in Arizona shot down a measure that would have expanded the state’s renewable portfolio standard (RPS) to 50% by 2030, but voters in Nevada overwhelmingly backed a similar measure, adding it to a growing list of states that have sought 50% RPS […]
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Commentary
Tax Reform Legislation Drives Increased Focus on Cash Flows
In the wake of the implementation of the 2017 Tax Cuts and Jobs Act (TCJA), many utilities and their holding companies are experiencing increasing pressure on cash flow due to the elimination of bonus