News

The Egypt Economic Development Conference (EEDC) in Sharm El-Sheikh resulted in some big agreements for the Egyptian government including a reported $10.5 billion deal with Siemens and a $1.7 billion order with GE. The conference was held March 13–15, 2015, and was purported to be a key milestone of the government’s medium term economic development […]

Delays and other contested costs are expected to push the price for two new units being constructed at the V.C. Summer Nuclear Generating Station up by $980 million, a petition freshly filed by South Carolina Electric & Gas Co. (SCE&G) with the Public Service Commission of South Carolina (SCPSC) shows. SCE&G made the filing to […]

Four years after the massive earthquake and ensuing tsunami heavily damaged the Fukushima Daiichi nuclear plant in Japan, cleanup efforts continue amid new challenges, while Japan has made little progress on the policy front. The Ongoing Crisis at Daiichi By the fourth anniversary of the devastating events at Fukushima, the situation onsite has improved markedly, […]

While developers in the U.S. celebrated financial closing for the 15-MW Block Island Wind Farm off Rhode Island—the would-be first offshore wind farm in the U.S.—Germany said this month that it expects to commission about 2 GW of new capacity in 2015, adding to its total of 1,048 MW at the end of 2014. Though […]

The U.S. Energy Information Administration (EIA) released 2015 scheduled capacity additions and retirements on Mar. 10, and the news was not good for the coal industry. As has been the trend for several years, coal-fired generation accounts for the majority of expected retirements (12.9 GW of the nearly 16 GW total). However, most of the […]

The Tennessee Valley Authority (TVA) may further reduce its coal-fired capacity and scrap its unfinished Bellefonte nuclear power plant, the utility’s long-awaited draft power generation strategy unveiled on March 9 shows. 
 The federally owned corporation has been developing its 2015 Integrated Resource Plan (IRP), essentially a power planning roadmap to 2033, since fall 2013. The […]

Florida Power and Light (FPL) wants to buy a 250-MW coal-fired facility in Florida to shut it down. The Juno Beach, Fla.–based company filed a petition with the Florida Public Service Commission (PSC) on Friday requesting approval to acquire the Cedar Bay Generating Plant for $520.5 million. FPL has had a long-term power purchase agreement […]

French nuclear firm AREVA’s dismal financial results for 2014 are indicative of the continuing stagnation of nuclear operations, a lack of competitiveness, and the company’s difficulties in managing the risks inherent in large projects, CEO Philippe Knoche said today. The company reported a loss of €4.9 billion ($5.6 billion) for 2014 in line with a […]

Rooftop solar company SolarCity on Mar. 2 filed suit in federal court in Arizona seeking to overturn a new rate structure approved by the Salt River Project (SRP) that levies additional charges on customers with rooftop solar panels. On Feb. 26, the SRP board voted to approve a change in how it bills customers who […]

Plans for a massive coal mine in New South Wales, Australia, which is being developed by Chinese coal mining giant Shenhua Group, were thrown into doubt as the federal environmental minister opted to delay a decision on its final approval. The Watermark mine, which could cost $1.2 billion and produce more than 250 million metric […]