Legislative
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Legal & Regulatory
Nuclear Power, Carbon Capture Winners in New Budget Deal
The budget bill passed by Congress and signed by President Trump in the early hours of February 9 extends a host of tax credits for energy technologies, including provisions to help the Vogtle nuclear expansion in Georgia as well as U.S. carbon-capture projects. The legislation also provides support for renewable energy, including for small wind […]
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Legal & Regulatory
Virginia Considers New Utility Regulatory Rules
Virginia lawmakers are weighing legislation that would give the state more control over utilities, with some of the measures developed in concert with power companies. State legislators are discussing the proposals, some of which are designed to lift a freeze on utility rates, which could bring refunds for ratepayers—although others warn it could cause rates […]
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Nuclear
Exelon Will Close Oyster Creek Nuclear Plant Earlier than Anticipated
Exelon Generation will shutter its Oyster Creek Generating Station in October 2018—more than a year before it is required to close the single-unit reactor as part of an agreement with the state of New Jersey. Exelon agreed in 2010 to close the unit by December 2019—10 years before its license to operate expires—after it decided […]
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Legal & Regulatory
More Premature Nuclear Unit Retirements Loom
Two more U.S. nuclear power plants are facing early retirement, joining a string of generators whose fate was determined by market conditions, political pressure, or financial stresses assailing the sector. Several others may be poised to join them. The 647-MW Duane Arnold nuclear plant in Palo, Iowa, will likely close in 2025 after a current […]
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Legal & Regulatory
What Tax Reform Means for the Energy Industry
One of the most important items on President Trump’s first-year agenda was the implementation of tax reform in the U.S. Republican lawmakers worked tirelessly as the calendar year drew to an end to get a new
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Renewables
Report: Trump Wants Deep Cuts in Clean Energy Programs
Documents obtained by The Washington Post show the Trump administration is prepared to ask Congress to cut the Department of Energy’s (DOE’s) renewable energy and energy efficiency programs by as much as 72% in fiscal year 2019. The newspaper in a January 31 report says Congress likely would not support many of the cuts, but […]
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Nuclear
Is the U.S. Too Reliant on Foreign Uranium for Nuclear Power Plant Fuel? [PODCAST]
The nuclear power industry is struggling in the U.S. Several reactors are at risk of early closure due to difficulty competing in the wholesale power markets. New units being built in South Carolina have been abandoned, while the only other nuclear construction project in the U.S.—the Plant Vogtle expansion in Georgia—is behind schedule and over […]
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Legal & Regulatory
PSEG’s Izzo Blasts Power Company Opposition to Revived New Jersey Nuclear Subsidy Bill
Public Service Enterprise Group (PSEG) President and CEO Ralph Izzo gave NRG Energy a tongue-lashing for its pointed opposition of subsidies for PSEG’s two New Jersey nuclear power plants. The tense moment at a January 25 legislative hearing that sought to revive the measure is illustrative of a growing chasm within the power sector about the […]
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Legal & Regulatory
SCANA Sale in Doubt as Questions Swirl
Several possible suitors for SCANA Corp. emerged last fall when it became evident the South Carolina utility needed a lifeline, after SCANA subsidiary South Carolina Electric and Gas Co. (SCE&G) and state-owned Santee Cooper pulled the plug on the V.C. Summer nuclear project (Figure 1). Now the question is whether those who lost out to […]
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Legal & Regulatory
SCOTUS Sends Controversial WOTUS Rule into More Legal Limbo
The U.S. Supreme Court unanimously reversed and remanded a rule the Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers rolled out in 2015 that asserts federal authority over small bodies of water with a broader definition of the statutory term, “waters of the U.S.” (WOTUS). In a ruling for National Association of […]