News
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News
FirstEnergy Fires CEO as Nuclear Bailout Probe Continues
FirstEnergy Corp. President and CEO Charles “Chuck” Jones was fired late Thursday after an internal review found Jones and two other company executives violated company policies in connection with an alleged bribery scheme. The case is connected to a legislative bailout of the state’s nuclear power plants that occurred in 2019. The law, known as […]
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Coal
Black & Veatch: No More Coal Construction
Black & Veatch is ending the company’s participation in coal-based power market design and construction, saying it will allow the company to focus on clean energy technologies. The engineering and construction giant’s announcement Oct. 29 comes just more than a month after another major energy company, General Electric, said it would exit the new-build coal […]
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Markets
Shakeup for 720-MW Nuclear SMR Project as More Cities Withdraw Participation
At least eight cities have now dropped shares in the Carbon Free Power Project (CFPP), a 720-MWe NuScale Power small modular reactor (SMR) project proposed by Utah Associated Municipal Power Systems (UAMPS). Despite the Department of Energy’s (DOE’s) Oct.16–announced $1.4 billion, 10-year award to fund one-time costs for the first-of-a-kind project, four Utah cities withdrew […]
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News
Vineyard Wind Secures Transmission Agreement With ISO-NE
Vineyard Wind has announced a transmission agreement with ISO New England (ISO-NE) to deliver power to the system operator’s grid when the Vineyard Wind 1 project comes online. The 800-MW offshore wind farm, located about 15 miles off the cost of Martha’s Vineyard in Massachusetts, is expected to be the first commercial-scale offshore wind farm […]
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News
Japan’s Carbon-Neutrality Pledge a Fundamental Shift on Coal Power
Japan, an island nation that is currently heavily reliant on coal and gas power, will be carbon neutral in 2050, the country’s newly appointed prime minister Yoshihide Suga pledged in an Oct. 26 speech. The announcement by Suga in his first major policy speech to the national Diet was not unexpected for the nation […]
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News
PG&E Cutting Power Due to Wildfire Threat
Pacific Gas & Electric (PG&E) said it could cut off power for nearly one million people across Northern California beginning Oct. 25, due to significant wildfire danger in its territory. Southern California Edison (SCE) also has warned of potential blackouts in its region due to forecasts of high winds. The utility last week was found […]
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News
AECOM Sells Power Business as Part of Restructuring
AECOM has announced the closing of the sale of its Power construction business to affiliates of CriticalPoint Capital LLC. Terms of the deal were not disclosed. The Los Angeles, California-based infrastructure consulting firm, which this month announced a restructuring plan, earlier this year closed on the $2.4 billion sale of its Maryland-based Management Services business—which […]
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News
Duke Energy Pursuing Sweeping Changes to Generation Mix
Doubling down on its net-zero efforts, Duke Energy will retire all coal-only units in the Carolinas, multiply its renewable portfolio, and cease emitting methane in its natural gas business by 2030. The company made the announcements on Oct. 12 at its first environmental, social and governance (ESG) day, a virtual event geared toward its investors. […]
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News
Orlando Utility Pulling Plug on Coal-Fired Generation
The Orlando Utilities Commission (OUC) said it plans to eliminate the group’s use of coal for power generation no later than 2027, including converting two coal-fired units at its Stanton Energy Center to run on natural gas. The Florida utility’s management on Oct. 14 made the recommendation as part of its Electric Integrated Resource Plan […]
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Hydrogen
GE Secures First HA-Class Hydrogen Gas Power Deal: Long Ridge Energy Terminal
Long Ridge Energy Terminal will transition a 485-MW combined cycle power plant that is under construction within its sprawling multimodal facility on the Ohio and West Virginia border with the capacity to run on a hydrogen blend when it begins operation in 2021, and eventually transition to 100% green hydrogen within a decade. Long Ridge, […]
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