News
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Nuclear
Three of Exelon’s Nuke Plants Fail to Clear PJM Auction Despite Jump in Payments
Exelon’s embattled nuclear fleet got more bad—though far from unexpected—news on Aug. 21 as the Oyster Creek, Quad Cities, and Three Mile Island nuclear power plants failed to clear in the 2018–19 PJM capacity auction. This means that the three plants will not receive capacity payments during that delivery year. This was despite a big […]
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Gas
Southern Co. to Acquire Natural Gas Distribution Leader
Southern Co. and AGL Resources—the largest natural gas–only distribution company in the U.S.—have agreed to merge in a deal that will make AGL Resources a wholly-owned subsidiary of the giant electric company. The transaction announced on Aug. 24 has an enterprise value of about $12 billion, including a total equity value of approximately $8 billion. […]
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Renewables
Coming Soon: The Solar-Powered Navy
It may not be powering its ships using the sun, but the U.S. Navy will soon be using solar power to keep at least some of the lights on at 14 of its installations in California. The Department of the Navy (DON) recently signed an agreement with Western Area Power Administration and Sempra U.S. Gas […]
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Coal
DOE Funds Coal Research and Carbon Storage Projects
The U.S. Department of Energy’s (DOE’s) National Energy Technology Laboratory (NETL) announced on August 17 that it will dole out a total of almost $17 million to research new CO2 storage technologies through DOE’s Carbon Storage Program and to research coal conversion and utilization through NETL’s University Coal Research Program. Nine projects will receive funding […]
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Nuclear
Costs and Deadlines Continue to Challenge V.C. Summer Nuclear Plant Project
With all 40 remaining construction milestones for V.C. Summer Nuclear Station Units 2 and 3 behind schedule (33 by more than 18 months) as of June 30, South Carolina Electric & Gas Co. (SCE&G) awaits approval of the petition it filed with the Public Service Commission of South Carolina (SCPSC) to update its construction and […]
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Legal & Regulatory
Longannet, UK’s Second-Largest Coal Plant, to Close
Making good on earlier warnings, ScottishPower said on Aug. 18 that it has no choice but to retire the 2,400-MW Longannet power plant in March 2016 because high transmission charges and carbon taxes make fossil generation uneconomic in Scotland. As with generators in the U.S., coal plants in the UK have been challenged by an […]
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Coal
Sites Shift from Coal Power to Solar Power
This week brought announcements from India and the state of Wisconsin regarding the repurposing of sites previously associated with coal-fired power generation for future solar power generation. In India’s capital of Delhi, the 240-MW coal-fired Indraprastha Power Station, which was closed in 2010, will be the site of a new 5-MW solar photovoltaic installation. As […]
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Gas
Texas Sets Record for Gas Power Burn, Still Barely Enough
The Electricity Reliability Council of Texas (ERCOT) on August 10 set a record for electricity demand, topping 69,000 MW twice during the afternoon. The peak came as the Energy Information Administration (EIA) noted that Texas also set a record for gas power burn—natural gas usage in its power sector—reaching an average 4.5 Bcf/d through August […]
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Coal
Carbon Capture Projects Receive Federal Funds
The bulk of newly announced federal funding for research and development of carbon capture technologies will be committed to post-combustion capture, pre-combustion capture, and biological carbon dioxide (CO2) use. The Energy Department on Aug. 13 outlined 16 projects that it chose to receive funding through the National Energy Technology Laboratory’s (NETL’s) Carbon Capture Program. The […]
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O&M
DOE Report Highlights Triumph, Trouble for Wind Power Sector
U.S. wind power is becoming more widespread and costs are generally on the decline, but the sector is troubled by policy uncertainties, a new report from the Energy Department says. After a lackluster year in 2013, wind power capacity additions in the U.S. rebounded nearly 8% in 2014, driven by recent improvements in the […]