Nuclear

Cheap natural gas, stagnant power demand, and power prices that have fallen significantly since 2008 have jeopardized the economics of about two-thirds of the nation’s 100-GW nuclear capacity, according to a working paper from the Massachusetts Institute of Technology (MIT) Center for Energy and Environmental Policy Research. About 21 GW in merchant deregulated markets are […]

If you’ve been paying attention to the power markets in recent years, you know that merchant coal and nuclear power plants are struggling to compete against natural gas-fired generation and renewable

Rosatom Gets Approval to Proceed with Turkish Reactors. Turkey’s energy watchdog EPDK in mid-June gave Russia’s state-owned nuclear entity Rosatom the green light to proceed with construction of the $20

During his electoral campaign, South Korean President Moon Jae-in vowed to end the country’s reliance on coal and also said the nation would move away from nuclear energy. He took a major step in that

It’s no secret that high-radiation areas are scattered throughout nuclear power plant facilities. The challenge is getting work done in those areas while keeping exposure to workers as low as possible. On

The rise of some sources of alternative energy such as renewables, storage, energy efficiency, and demand response, and decline in others—specifically nuclear—will continue to impact regional gas and

SCANA Corp. and Santee Cooper have ceased construction of Units 2 and 3 at the V.C. Summer Nuclear Station in South Carolina. The project owners said the decision, prompted by analysis of detailed schedule and cost data, would save customers nearly $7 billion. The project, which was about 64% complete, has been in limbo since […]

SCANA Corp. and state-owned utility Santee Cooper on July 27 said Toshiba has agreed to pay nearly $2.2 billion to cap its liabilities from the unfinished V.C. Summer nuclear project in South Carolina. Toshiba subsidiary Westinghouse, which was building two nuclear units at the Summer site along with the troubled Vogtle nuclear project in Georgia, […]

The Department of Energy (DOE) has approved a new service agreement finalized by Westinghouse and Georgia Power for the Vogtle AP1000 units under construction in Georgia, though the agency reached a separate deal with Georgia Power on a loan guarantee agreement that will require the Southern Co. company to provide it with a solid cost […]

A group representing several energy companies and ratepayers said it would appeal a federal judge’s ruling that upholds New York’s plan to subsidize nuclear power plants in the state. U.S. District Judge Valerie Caproni on July 25 in Manhattan ruled that federal law does not preempt the state and its Public Service Commission (PSC) from […]

Advanced nuclear technology brought to fruition could produce electricity at an average levelized cost of electricity (LCOE) roughly 40% lower than conventional pressurized water reactors, according to a July 25 study by the Energy Innovation Reform Project and Energy Options Network (EON). “At these costs, nuclear would be effectively competitive with any other option for […]

The Trump administration wants to revitalize the coal industry, but they will not do so by imposing regulation on the natural gas industry, Secretary of Energy Rick Perry told reporters July 18 at a joint press conference with International Energy Agency Executive Director Fatih Birol. “Would the Department of Energy (DOE) be a participant in […]

A federal judge has let stand Illinois’ zero-emission credit (ZEC) program, dismissing challenges filed by power producers who said the initiative subsidizes nuclear power at the expense of other resources. Judge Manish S. Shah of the U.S. District Court for the Northern District of Illinois on July 14 ruled in favor of motions by the […]

France, which currently gets more than 75% of its electricity generation from nuclear, may close as many as 17 reactors by 2025, according to Minister of Environment Nicolas Hulot. In an interview with RTL radio on July 10, Hulot stated that Prime Minister Edouard Philippe, who took office in mid-May, intends to see through the […]

A federal appeals court has ruled the Federal Energy Regulatory Commission (FERC) should not have denied a 2012 proposal by PJM in which the regional power operator sought to revise its minimum offer price rule (MOPR). The D.C. Circuit Court of Appeals on July 7 said FERC went beyond its “passive and reactive role” under […]

U.S. officials said Russian government hackers have broken into systems at U.S. nuclear power plants and also have made cyber intrusions into the business systems of other energy companies, according to several reports over the past week. Cybersecurity experts say the threats against U.S. facilities are real and likely to continue, as power plant operators […]

A long-shuttered Tennessee nuclear power plant project has been reborn as a solar farm, with the energy produced there made available for use by local residents and the Tennessee Valley Authority (TVA). The Phipps Bend Nuclear Power Plant project in Surgoinsville was canceled by TVA in 1981, a victim of the negative sentiment toward nuclear […]

Citing its backing for the long-stalled Yucca Mountain permanent spent nuclear waste repository in Nevada, the Trump administration has asked a federal court to reject a petition filed by Texas in which the state sought a court-supervised process to take over administrative proceedings so as to guarantee licensing and eventual construction of project. Texas filed […]

A number of baseload generators across Europe have decried the fall in average European wholesale power prices, which some peg to additions of subsidized low-marginal-cost renewable generation to an already

The world’s nuclear sector saw a flurry of activity during April and May, though most of it wasn’t good news.  First Unit at Barakah Built, but Regulatory Delays Prevail. Initial construction activities

India to Sell Only Electric Vehicles by 2030. India’s power minister Piyush Goyal said at a Confederation of Indian Industry session in April that the government plans to make all its cars electric by 2030

The Midcontinent Independent System Operator’s (MISO’s) geographic footprint extends down the middle of the U.S. Because of the structure of its market, MISO has artfully avoided some nasty policy and

Coal proponents and climate skeptics often cite China’s current and future reliance on coal power to bolster talking points. What is little discussed is the recent, massive transformation of China’s vast

  More grim news emerged for financially strapped Westinghouse after the Delaware Supreme Court reversed a chancery court decision that the company was counting on to recoup $2 billion from an acquisition dispute with Chicago Bridge & Iron (CB&I). The court rejected Westinghouse’s contention of CB&I’s calculations of its final purchase price—even though it paid […]

The nation’s power grid may or may not have reliability issues if too many renewables are added to the energy mix, according to conflicting statements by Secretary of Energy Rick Perry and Federal Energy Regulatory Commission (FERC) Commissioner Colette D. Honorable. Speaking June 27 at the Energy Information Administration’s (EIA) 2017 Conference in Washington, D.C., […]

Groups opposed to financial relief for Connecticut’s 2,111-MW Millstone Nuclear Power Station continue to press their case against subsidies for the plant as state lawmakers prepare for a special session to prepare a state budget for the new fiscal year, which begins July 1. The regular 2017 legislative session ended June 7. Dominion Energy in […]

SCANA Corp. subsidiary South Carolina Electric & Gas Co. (SCG&E) and Santee Cooper—owners of the two-unit expansion of the V.C. Summer nuclear plant—have extended an interim assessment agreement with Westinghouse to allow the project’s owners to “continue to make progress on the site.” The companies on June 26 extended the agreement to August 10, but it […]

A bipartisan bill extending a production tax credit (PTC) for advanced nuclear power facilities passed the U.S. House on a voice vote on June 20. The bill, introduced by Congressman Tom Rice (R-S.C.), seeks to give facilities that use novel nuclear power technologies more investment certainty. The nuclear PTC was established under the Energy Policy […]

The Trump administration says it’s not going to pick winners and losers when it comes to energy generation, but it sure doesn’t seem to like wind and solar, judging from a recent presentation by Interior Secretary Ryan Zinke. The nation needs a diverse energy mix, including nuclear, coal, natural gas, and renewables, several energy industry […]

Georgia Power officials say the utility continues to work with its partners in the troubled Vogtle nuclear plant to firm up construction timelines and determine the costs to complete two new units at the facility. At the same time, a group opposed to the project and two long-time project consultants say ballooning costs should put […]