News

Électricité de France (EDF) is to acquire Constellation Energy’s 50% share in the companies’ joint venture, UniStar, for $140 million under an agreement reached on Tuesday.

The Department of Energy (DOE) teamed with the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), and the Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) on Tuesday to announce eight joint research awards totaling nearly $5 million to support siting and permitting of offshore energy facilities. The awards include projects harvesting power generated from offshore wind and waves, tides, currents, and ocean thermal gradients.

The North American Electric Reliability Corporation (NERC) on Thursday issued a recommendation to the electric power industry providing sensitive information about the so-called “AURORA vulnerability”—gaps in critical infrastructure protection concerning large motors and generators connected to the bulk power system.

The fight to keep the Yucca Mountain alive intensified last week as members of Congress demanded justification for an order by Nuclear Regulatory Commission (NRC) Chair Gregory Jaczko that seeks to halt review of the Department of Energy’s (DOE’s) application to build the long-term nuclear waste repository in Nevada.

The Indiana Utility Regulatory Commission (IURC) on Friday said it would conduct a legal and technical audit of cases concerning Duke Energy Indiana’s $3 billion Edwardsport gasification facility in which a former administrative law judge had presided.

The Department of Energy (DOE) on Tuesday offered a $350 million conditional loan guarantee to develop the One Nevada Transmission Line (ON Line), a proposed 500-kV link that will run 235 miles and transmit 600 MW of mostly renewable energy. The project is the first transmission line to receive a federal loan guarantee.

A new $5 billion transmission project proposed by Trans-Elect and sponsored by Google, Good Energies, and Marubeni Corp. seeks to connect 6,000 MW from wind farms installed up to 20 miles off the Mid-Atlantic coast to the national grid.

Constellation Energy last week offered to sell its 50% stake in the UniStar joint venture to partner Électricité de France (EDF) for $1, plus $117 million in reimbursement costs—a price well below market value—in order to further the project and ensure future energy supplies for Maryland.

Nebraska-based Tenaska on Monday said it would sell a portion of interests in five power plants to Japanese energy firms Tyr Energy and Chubu Electric.

Constellation Energy last week rejected a $7.5 billion conditional loan guarantee offer from the U.S. Department of Energy to build a new reactor at its Calvert Cliffs nuclear plant in Maryland with partner Électricité de France (EDF), saying the government’s proposed terms and conditions were “unworkable.”