News

Tony Clark, the only Republican on the Federal Energy Regulatory Commission, announced Aug. 4 that the agency’s September meeting will be his last.

Massachusetts’ lawmakers approved an omnibus energy bill that sets down an energy storage mandate and requires utilities to solicit contracts for 1.6 GW of offshore wind. The bill also outlines clean energy procurement targets, including for 1.2 GW from hydro, onshore wind, and other renewables from within the state, from neighboring states, or from Canada. […]

The New York State Public Service Commission (PSC) approved New York’s Clean Energy Standard on August 1, likely saving three upstate nuclear power plants, while requiring 50% of the state’s electricity to come from renewable energy sources by 2030. Gov. Andrew Cuomo (D) praised the action in a statement following the announcement. “New York has […]

In an abrupt turn, the UK government has signaled that it will carefully consider its backing of a deal to build two nuclear reactors at Hinkley Point C in Somerset, England, throwing French firm EDF’s July 28 final investment decision to proceed with construction of the EPR units into flux. Following a lengthy review process […]

EDF’s board of directors made a final investment decision on July 28, giving the go-ahead to construct two nuclear reactors at Hinkley Point C in Somerset, England. The decision means the company can move forward with the long-anticipated project. Several contracts will need to be executed, including with the British government, China General Nuclear Power […]

A divided Georgia Public Service Commission (PSC) Thursday approved Georgia Power Co.’s plans to investigate a new nuclear power project in Stewart County, with a time frame around 2030. Approval came in a 4–1 vote, with Commissioner Lauren “Bubba” McDonald in opposition. The vote represented a bit of a compromise. The Atlanta-based Southern Co. subsidiary, […]

Power and utility deals through Q2 2016 are already outstripping full-year totals for previous three years.

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 […]

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 […]

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?