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The OPEC secretary general and Saudi Arabia’s minister of petroleum shared their views on low oil prices, shale, and climate change at IHS CERAWeek.

According to Steve Byrne, COO of South Carolina Electric and Gas Co. (SCE&G), 85% of the major equipment necessary to build V.C. Summer Units 2 and 3 is onsite, and of the remaining components, a lot of them are physically constructed waiting to be transported or are already loaded on ships headed to South Carolina. […]

We live in a world of “slow growth and volatility,” said Jeffrey Immelt, chairman and CEO of General Electric, but there’s an opportunity to “make a lot of money” if you have courage in such times.

Mexico’s ongoing energy reform is a “paradigm shift” in the way the country obtains, transforms, and exploits its energy resources, President Enrique Peña Nieto told attendees at IHS CERAWeek on February 22. The reform allows the state to maintain ownership of hydrocarbons underground, but it also encourages private participation in the entire hydrocarbon value chain […]

In the week since the highest court in the U.S. issued an unprecedented ruling to stay the Clean Power Plan—as at least two states suspended compliance efforts—the passing of Supreme Court Justice Antonin Scalia may have boosted the odds that the Obama administration’s efforts to stem power plant carbon emissions will pass judicial review. The […]

The governors of 17 U.S. states on February 16 signed a landmark agreement to cooperate on expanding clean energy, energy efficiency, and modernizing energy infrastructure. The Governors’ Accord For A New Energy Future makes the case that “new energy solutions” can “provide more durable and resilient infrastructure, and enable economic growth, while protecting the health […]

Despite the positive attributes of nuclear power—zero carbon emissions, reliable generation, low fuel costs, and a small footprint—the outlook for new nuclear in the United States is “bearish,” said Anthony Ianno, a Morgan Stanley managing director who follows the electricity business as an investment banker and dealmaker.

It’s looking less and less likely that the Tennessee Valley Authority (TVA) will ever finish construction as it was once envisioned for its Bellefonte Nuclear Plant. POWER confirmed through a media spokesperson that the TVA has notified federal authorities that it is withdrawing its application for two combined construction permits and operating licenses for Units […]

Wisconsin’s Senate has voted to lift a longstanding ban on building new nuclear plants unless a federal site exists to store the waste and it can be shown to benefit ratepayers. The Senate voted 23–9 for Senate Bill 384, with several Democrats joining Republicans in voting for the measure. The bill now heads to the […]

In large part because of swelling supplies of natural gas, and failing crude oil prices that have helped depress gas prices around the world, as well as because of its environmental advantage over fuel oil, liquefied natural gas (LNG) is garnering growing interest as a generation fuel. While huge, multi-billion-dollar LNG import and export terminals […]