News

Reaction from utilities, environmental groups, and governmental leaders following the August 3 release of the Environmental Protection Agency’s (EPA’s) final Clean Power Plan rule was mixed. Some, such as Duke Energy CEO Lynn Good, pointed to the progress that has already been made in recent years to reduce carbon dioxide (CO2) emissions, noting that the […]

Editor’s note (Aug. 3): Adds compliance cost details, key changes The Environmental Protection Agency’s (EPA’s) final Clean Power Plan will seek to tamp down the nation’s carbon dioxide (CO2) emissions from the power sector by 32% from 2005 levels by 2030—about 9% more ambitious than its original proposal. The first-ever final national standards to limit […]

Exelon’s Quad Cities nuclear plant in Illinois will not be economically viable despite changes in the PJM capacity market, and the company has to make a decision on closing it before the Illinois legislature can act on possible measures to save it, CEO Chris Crane said in Exelon’s second-quarter earnings call on July 29. Along […]

Broad, bipartisan energy legislation that would allocate federal funding to grid technology research and demonstration along with a number of other initiatives, including cybersecurity and the energy-water nexus, has cleared the Senate Energy and Natural Resources Committee with an 18–4 vote.  The committee’s chair, Sen. Lisa Murkowski (R-Alaska), and Ranking Member Sen. Maria Cantwell (D-Wash.) […]

France’s state-owned utility EDF will snap up between 51% and 75% of troubled nuclear giant AREVA’s reactor business in a possible $2.96 billion deal.  While the French government owns about 87% of AREVA and 85% of EDF, the utility that operates the nation’s aging 58-reactor fleet, it has pledged to look at all options to […]

Though the U.S. Senate voted 64–29 this week to renew the charter of the Export-Import Bank of the United States (Ex-Im), the House may adjourn for its summer break without taking action on the issue.  Congress let the Ex-Im bank’s charter lapse for the first time in its 81 years of continuous operation on June […]

With the Environmental Protection Agency (EPA) expected to issue its final rule on power plant greenhouse gas emissions under the administration’s Clean Power Plan (CPP) early next week, reports strongly suggest the revisions will extend compliance deadlines in response to power sector complaints about a too-aggressive schedule in the proposed rule. A July 28 report […]

As part of a remedy package to appease the European Commission, Alstom will accept $331 million less than the original $13.63 billion purchase price offered by General Electric (GE) to close the deal.  The much-anticipated deal has come under close scrutiny by the European Commission, which opened a full-scale antitrust investigation into the deal on […]

Nuclear Regulatory Commission (NRC) inspectors reported that the Tennessee Valley Authority’s performance during a recent assessment conducted at Watts Bar Unit 2 indicated that the plant is ready to startup and conduct power operations. The news was conveyed at a public meeting hosted by the NRC on July 27 in Athens, Tenn., to review results […]

NextEra Energy’s $4.3 billion bid to buy Hawaiian Electric Industries faces big, perhaps insurmountable, obstacles before the Hawaii Public Utilities Commission, which opened the record on the deal last week. The commission published the public filings in the case, which were overwhelmingly negative. Hawaii’s governor, David Ige, panned the deal in a press conference on […]

The U.S. House of Representatives on July 23 passed by a 258–166 vote a coal ash bill that industry and states say is much-needed, but which the White House has threatened to veto.  The Improving Coal Combustion Residuals Regulation Act of 2015 (H.R. 1734) sponsored by Rep. David McKinley (R-W.Va.) seeks to implement standards finalized […]

When a large electromagnetic pulse (EMP) or geomagnetic disturbance (GMD) event occurs—which, according to Sen. Ron Johnson (R-Wis.), there is “100% certainty” will happen at some time in the future—as many as 9 out of 10 people in the U.S. could die. Johnson, chairman of the U.S. Senate Committee on Homeland Security & Governmental Affairs, […]

The Obama Administration on July 21 threatened to veto a coal ash bill that is currently pending in the House and Senate, saying it would undermine protections in the Environmental Protection Agency’s (EPA’s) recently finalized rule on disposal of coal combustion residuals (CCR). The EPA rule, issued in December 2014, drew mixed reactions from the […]

AES has begun construction of what will be the largest energy storage project in Europe when it comes online later this year in Carrickfergus, Northern Ireland. The 10-MW/40-MWh Kilroot Advancion Energy Storage Array is being added to the AES UK & Ireland Kilroot Power Station in County Antrim along the country’s east coast. The grid-connected […]

Talen Energy Corp. announced on July 20 that it has agreed to acquire MACH Gen LLC, which owns three combined cycle, natural gas–fired power plants with more than 2.5 GW of total capacity for $1.175 billion. Talen Energy was formed on June 1 when PPL Corp. spun off its PPL Energy Supply business and combined […]

Renewables giant SunEdison will acquire emerging distributed energy firm Vivint Solar’s 523-MW rooftop solar portfolio in a $2.2 billion acquisition deal that signals momentum for the business model that has challenged the bottom lines of traditional utilities. SunEdison and Vivint Solar signed a definitive merger agreement on July 20. It will involve the acquisition of Vivint […]

Emerging energy technologies such as rooftop solar, microgrids, and distributed generation could adversely affect reliability of the nation’s grid, a new report from the Electric Markets Research Foundation (EMRF) warns.  The non-profit research entity whose mission it is to fund studies on significant electric market issues notes in its report, “Changing Uses of the Electric […]

Interstate Power and Light (IPL) will be forced to spend $620 million to retire 10 coal-fired units and retire, refuel, or install pollution controls at several others in Iowa under a settlement reached with the federal government.  The Alliant Energy subsidiary has long anticipated the settlement announced on July 15 by the Environmental Protection Agency […]

In a report released this week, M.J. Bradley & Associates found that in 2013 power plant SO2 emissions were 80% lower and NOx emissions were down 74% compared to releases in 1990—the year Congress passed major amendments to the Clean Air Act. The report, Benchmarking Air Emissions of the 100 Largest Electric Power Producers in […]

Seven gasification projects will receive about $7.5 million in funding from the Department of Energy’s (DOE’s) National Energy Technology Laboratory. The projects will reduce the cost of coal conversion and mitigate the environmental impacts of fossil-fueled power generation, the DOE said in a statement on July 14. The projects fall under two subtopic areas: development […]

A cyber attack on the U.S. power grid could potentially destroy dozens of generating units, leave 93 million people without power for weeks, and result in nearly $250 billion dollars in economic damage, according to a new report from Lloyd’s of London. Prepared to enable insurers to gauge and prepare for potential risks, the report […]

King Coal has lost his crown—at least temporarily. Electricity generation data from the Energy Information Administration (EIA) for April 2015 showed the U.S. generated 92.5 TWh from natural gas and 88.8 TWh from coal, the first time the nation has gotten the largest share of its power from anything other than coal. That represents a […]

The Department of Energy (DOE) has suspended funding for the Hydrogen Energy California (HECA) polygeneration clean coal plant, saying the company has failed to meet required milestones, according to a report in E&E Greenwire on July 10. The HECA project, in development since the late 2000s, is intended as a next-generation integrated gasification combined cycle […]

The nation’s 99 nuclear plants produce about 19% of the country’s power, but they also contribute about $60 billion annually to gross domestic product (GDP), a new Brattle Group report finds.  The report, “The Nuclear Industry’s Contribution to the U.S. Economy,” prepared for pro-nuclear group Nuclear Matters says, “Several factors are at play that may […]

Environmental Protection Agency (EPA) Administrator Gina McCarthy remains firm in her resolve to create a landmark rule to reduce carbon emissions from power plants later this year. Speaking at the St. Regis Hotel in Washington, D.C., during an event sponsored by AREVA and hosted by The Christian Science Monitor, McCarthy said, “Last week’s ruling will […]

Mississippi Power must rebate $281 million in funds collected since 2013 for rate increases related to the lignite-fired power plant under construction in Kemper County, the Mississippi Public Service Commission (MPSC) ordered on Tuesday.  The state regulatory body also ordered the company and its parent company Southern Co. to stop collecting Kemper’s rate on customer […]

Five of Germany’s largest lignite power plants will be mothballed to allow the country that is already phasing out nuclear power to meet ambitious climate goals by 2020.  In what it called a “milestone decision,” the government on July 2 agreed to scrap plans to impose a controversial—and by some accounts, illegal—climate tax for conventional […]

A new report from the Government Accountability Office (GAO) reveals surprising aspects about how federal subsidies for electricity have been distributed, how the power generation mix has shifted, and how consumption has transformed since 2001.  The June 29–released report, “Generation Mix has Shifted, and Growth in Consumption has Slowed, Affecting System Operations and Prices,” responds […]

Thirteen states are suing the Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers over the recently finalized Clean Water Rule, which they say illegally puts the federal government in charge of a majority of water and land resources in the U.S.  North Dakota, Alaska, Arizona, Arkansas, Colorado, Idaho, Missouri, Montana, Nebraska, Nevada, […]

Puerto Rico Electric Power Authority, PREPA, Wednesday made a $415 million payment to its creditors (mostly hedge fund investors), avoiding a default and giving the troubled government-owned utility more time to work out a deal to restructure its $9 billion debt. Had the utility defaulted, according to financial experts, it could have triggered the default […]