Legislative
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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 […]
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Renewables
European Parliament Adopts Measure to Hike EU Renewables Target to 35% by 2030
A draft law backed by the European Parliament on January 17 proposes to raise the European Union’s (EU’s) renewable targets to 35% by 2030—substantially higher than a 27% target proposed by the European Commission and EU Council. Members of the European Parliament (MEPs) voted 492–88 (with 107 abstentions) to increase the share of renewable sources […]
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Legal & Regulatory
Despite New Jersey Senate Vote on Nuclear Subsidies, Bill May Not Clear Lame-Duck Session
New Jersey’s full Senate is scheduled on January 4 to vote on a bill to subsidize two of the state’s nuclear power plants. However, industry observers posit that the measure won’t clear the full Assembly before the state legislature’s lame-duck session ends on January 9. S.3560 was introduced on December 14 after a preliminary hearing earlier […]
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Legal & Regulatory
Dominion Will Buy SCANA in $14.6B Deal, Writing Off Failed Nuclear Expansion Assets
SCANA Corp., a company reeling from a decision to abandon two half-built nuclear reactors at the V.C. Summer project in South Carolina, is getting a lifeline from Dominion Energy, one of the nation’s largest utilities. The two companies on January 3 announced an agreement to combine in a stock-for-stock merger. The proposed deal is valued […]
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Commentary
Hope in the New Year: Opportunities Abound for the Power Industry
There are challenges facing the power industry in 2018, but there are also a lot of exciting opportunities. Renewable energy and gas-fired generation are expected to continue growing, but changes in federal
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Legal & Regulatory
Europe’s Power Generation Industry Evolves
The European Union (EU) is unequivocally continuing down a path of global climate and energy leadership while bringing online more carbon-neutral fuel systems throughout its 28 member states, closing in on the 2020 goal of a 20% reduction in greenhouse gas emissions (GHG) from 1990 levels. Indeed, the newly released European Environment Agency’s (EEA’s) Trends […]
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