News
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Legal & Regulatory
AEP to Withdraw From ALEC, Cut Funding for Clean Coal Coalition
American Electric Power (AEP), one of the biggest coal generators in the U.S., is withdrawing funds and staff resources from heavy lobbying efforts against the Clean Power Plan, sinking them instead into preparations for compliance with the controversial climate rule. The company has informed the American Legislative Exchange Council (ALEC) that it will not be […]
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Legal & Regulatory
Political Opposition to Clean Power Plan Looms Large, Experts Say
The Environmental Protection Agency’s (EPA’s) Clean Power Plan (CPP) is likely to be complicated at least as much by political and legal opposition as by technological challenges in reducing carbon emissions, several speakers at POWER magazine’s inaugural conference on legal issues in the generation industry noted on Dec. 7 in Las Vegas. “Navigating Legal Implications of […]
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Legal & Regulatory
Amid “Corporate Welfare” Flak, FirstEnergy Gets Davis-Besse Extension
FirstEnergy Corp., which may enter into a settlement with Ohio to safeguard the future of its Davis-Besse nuclear plant—a deal critics have blasted as “corporate welfare”—just got the Nuclear Regulatory Commission’s permission to operate the 1978-built reactor until 2037. The 20-year license extension marks a milestone for Akron-headquartered FirstEnergy, which has warned it might have […]
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Legal & Regulatory
Unintended Consequences from EPA Rules
New rules from the Environmental Protection Agency (EPA) have several unintended consequences for the power sector, an expert said at a POWER magazine event on Dec. 7. Floyd Self, an attorney with Florida-based law firm Berger Singerman, said that the bevy of new EPA rules have helped forged mergers between electric and gas utilities and necessitated […]
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Nuclear
Nuclear Rescue Initiative Launched to Slash Operating Costs, Improve Economic Viability
Shaken financially by low natural gas prices and subsidized renewables, the nuclear industry has launched a new initiative to reduce nuclear power plant operating costs to make them more economically viable. Industry group the Nuclear Energy Institute (NEI) said on Dec. 8 it is coordinating a multifaceted effort in tandem with member utilities, the Institute […]
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Legal & Regulatory
Climate Change Litigation: Implications for States and Power Generators
Climate change litigation in the U.S. has far outpaced climate litigation in any other jurisdiction. In fact, according to Teri Donaldson, partner with DLA Piper, more lawsuits concerning climate change have been decided or settled in the U.S. than in the rest of the world combined. “The success rate in these cases is very low,” […]
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Renewables
Europe’s New Coal Curtain: Eastern Europe Embraces Coal as Western Europe Deserts It—and Russia Is Still All In
This story is being written as world leaders gather in Paris for the COP-21 climate summit. Much of the reason they are meeting is because of the widespread burning of coal and the resulting carbon dioxide (CO2) emissions that are altering the planet’s biosphere. Though the burning of coal is not the only reason the […]
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Legal & Regulatory
Don’t Fear the Clean Power Plan, Chief EPA Lawyer Says
The power sector should view the Environmental Protection Agency’s (EPA’s) recent drive to tighten regulations on air and water emissions as an opportunity to improve its efficiency and environmental footprint rather than as an obstacle, said EPA General Counsel Avi S. Garbow at POWER magazine’s inaugural conference on legal issues in the generation industry. “We want […]
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Business
NRG CEO David Crane Steps Down, Joins The B Team
NRG Energy announced on Dec. 3 that David Crane is stepping down as president and CEO of the company effective immediately. Crane had served in the position since 2003. During more than 12 years at the helm of NRG, he led the company through its emergence from bankruptcy to its current position as a leader […]
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News
Much Ado About Clean Power Plan Vote
The U.S. House of Representatives passed two joint resolutions on Dec. 1 designed to nullify the Environmental Protection Agency’s (EPA’s) Clean Power Plan. The House votes come just two weeks after the Senate passed both resolutions on Nov. 17. Senate Joint Res. 23—sponsored by Sen. Mitch McConnell (R-Ky.) and Sen. Joe Manchin (D-W.Va.)—provides for congressional […]