Markets

The nation’s paramount nuclear power trade group has launched a wide-ranging strategy to help generators stay profitable in tight markets, the head of the Nuclear Energy Institute (NEI) told Wall Street analysts on April 12. In an address broadcast on Facebook, Maria Korsnick, NEI president and CEO, said that nuclear plants that operate in competitive […]

New Jersey’s Assembly and Senate are both poised to vote on controversial bills that seek to subsidize the state’s nuclear power plants, modify the renewables portfolio standard, and support a pilot offshore wind farm. Lawmakers on April 12 could pass the package of bills, which includes S-2313, a bill directing the Board of Public Utilities […]

Two recent project announcements indicate that the U.S. offshore wind sector is burgeoning, bolstered by falling prices and ramped-up political support. A credit ratings agency warns, however, that the sector’s growth could increasingly pressure profit margins of merchant generators in New England, New York, and New Jersey. On March 14, Danish offshore giant Ørsted and […]

Even in the absence of climate policy, customer adoption of electric end-use technologies over the next 30 years is expected to spur steady growth in energy consumption, a new report assessing U.S. electrification from the Electric Power Research Institute (EPRI) suggests. The April 3–released report, “U.S. National Electrification Assessment,” is based on findings by EPRI’s […]

FirstEnergy Corp.’s competitive arm FirstEnergy Solutions (FES) and several key subsidiaries, including FirstEnergy Nuclear Operating Co. (FENOC), on March 31 sought Chapter 11 bankruptcy protection. FirstEnergy said the move would facilitate an “orderly financial restructuring” and accelerate its strategy to become a fully regulated utility. FES—the parent company of FE Aircraft Leasing Corp., FirstEnergy Generation, […]

The generating fleets owned by some of the largest companies in the U.S. (ranked here by capacity in 2017) have transformed over the past four years, in some cases dramatically, as total revenues fluctuated. Sources: Fidelity Investments (revenue data standardized by S&P Capital IQ); EIA-860 detailed data; SEC 10-K filings, and company websites. —Copy and artwork by Sonal Patel, a […]

Chile joined the ranks of nearly two dozen countries that have announced a phaseout or a moratorium of coal generation, pledging not to continue building coal-fired power plants unless they are equipped with

Following a planned outage, Unit 1 at the Edwin I. Hatch Nuclear Plant near Baxley in southeastern Georgia returned to service in early March outfitted with first-of-their-kind accident tolerant fuel (ATF)

A day after FirstEnergy Corp.’s competitive arm notified PJM Interconnection it would close four uneconomic nuclear units—a total of 4 GW—in Ohio and Pennsylvania between 2020 and 2021, it urged Energy Secretary Rick Perry to issue an emergency order directing the regional transmission organization (RTO) to secure nuclear and coal capacity for long-term reliability. FirstEnergy […]

FirstEnergy Corp. will close four uneconomic nuclear units—a total of 4 GW—in Ohio and Pennsylvania between 2020 and 2021, the company’s competitive arm notified PJM Interconnection on March 28. FirstEnergy Solutions (FES) told the regional transmission organization that it will close the 908-MW Davis-Besse Nuclear Power Station in Oak Harbor, Ohio, by 2020; the twin-unit […]