News
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Nuclear
CB&I Sues Westinghouse Over $2B Closing Agreement Claim
Westinghouse Electric’s recent purchase of Chicago Bridge and Iron’s (CB&I’s) nuclear construction segment is embroiled in a new legal challenge, as CB&I filed suit in the Delaware Court of Chancery on July 21 over a $2 billion claim related to the deal The dispute is rooted in post-closing “true-up” working capital adjustments related to the […]
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Renewables
Eight Things to Know About the Wind Energy Industry’s Dramatic Growth
More than 18.2 GW of wind power capacity is currently under construction or in advanced stages of development in the U.S., according to a report released on July 26 by the American Wind Energy Association (AWEA). That’s a lot of new capacity. In fact, it’s equivalent to roughly 25% of all currently installed U.S. wind […]
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Renewables
Exelon, America’s Leading Nuclear Generator, Keeps the Faith on Nukes
The U.S. nuclear power business is in trouble, and Exelon has six units totaling more than 5,300 MW of dependable capacity on the chopping block. How will the Chicago electricity giant respond? Perhaps by acquiring more merchant nuclear capacity?
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Coal
FirstEnergy Moves to Deactivate Two Embattled Ohio Coal Plants
FirstEnergy Corp. will sell or deactivate 856 MW of coal-fired generation to reduce fleet operating costs. The company announced on July 22 that it plans to sell or deactivate the 136-MW Bay Shore Unit 1 in Oregon, Ohio, by October 2020. In addition, Units 1–4 (totaling 720 MW of capacity) at the company’s seven-unit W.H. […]
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Solar
11 Things to Know About the Solar Sector’s Precarious Future
Despite escalating growth over the past decade, the U.S. solar power sector faces potentially crippling issues concerning module supply, workforce deficiencies, and grid interconnection obstacles, according to industry experts attending an international solar and energy storage convention. The country added an estimated 14.5 GW of new solar photovoltaic (PV) capacity in 2016, and by 2021, […]
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Renewables
Turmoil in Turkey Cuts Power to U.S. Military Base
Power supply to a U.S. military base was cut off by the Turkish government following an attempted military coup in the country on Friday.
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Legal & Regulatory
Federal Court Stays EPA’s Regional Haze Rule
A federal appeals court has stayed a regional haze rule finalized by the Environmental Protection Agency (EPA) earlier this year that had threatened to close up to 8.4 GW of coal-fired power capacity in Texas. In a unanimous ruling on July 15, the U.S. Court of Appeals for the Fifth Circuit granted a motion for […]
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Legal & Regulatory
Amid Scrutiny, Kemper IGCC Project Marks Big Syngas Production Milestone
Southern Co.’s Kemper County energy facility—the only carbon capture and storage (CCS) integrated gasification combined cycle (IGCC) power plant that is under construction—is producing syngas using lignite. The plant marked its most significant milestone to date on July 14, said Southern Co.’s Mississippi Power. It means that the first-of-its-kind technology to convert locally mined lignite […]
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Legal & Regulatory
NextEra Energy Cans Deal to Acquire Hawaiian Electric
NextEra Energy announced on July 18 that it has terminated plans to merge with Hawaiian Electric Industries (HEI). Not surprisingly, NextEra Energy said the decision was driven by the Hawaii Public Utilities Commission’s (PUC’s) 2–0 decision on July 15 to dismiss the Joint Application for the Change of Control filed by the companies. “As a […]
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Renewables
Germany Backs Measure to Replace Renewable Incentives with Competitive Auctions
Lawmakers in Germany have voted to replace subsidies for wind and solar with competitively priced electricity prices. The country’s upper (Bundesrat) and lower (Bundestag) legislative chambers on July 8 voted to adopt an amendment to the Renewable Energy Sources Act (EEG 2016) introduced by Minister of Economics and Energy Sigmar Gabriel. The legislation aims to […]