Southern Company Could Delay Plant Vogtle Decision Until Late Summer
CEO Tom Fanning told Southern Co.'s shareholders attending the company’s annual meeting on May 24 that a decision on how to proceed with the Plant Vogtle nuclear expansion could take several more months.  Read More
 
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NRG Poised to Relinquish Debt-Laden GenOn to Creditors
Under a proposed restructuring agreement, NRG Energy will hand over 100% equity of GenOn Energy, a wholesale generation company it acquired in a $1.7 billion deal in 2012, to the company’s bondholders once GenOn emerges from voluntary Chapter 11 restructuring.… Read More
 

Trump Administration Releases Budget Slashing Energy Research
President Donald Trump wants to balance the federal budget in 10 years, and it appears he believes that to do so, deep cuts to the nation’s energy research funding are needed. Read More
 
PJM Auction Signals Trouble for Nuclear, Coal, and Even Renewables
Two nuclear plants owned by Exelon Corp. in Illinois and Pennsylvania failed to clear PJM Interconnection’s latest annual capacity auction, putting one of those financially crippled units at risk of early retirement. Meanwhile, procurements for solar, wind, and demand response… Read More
 
IRENA: Global Renewable Energy Jobs Grew to 9.8 million in 2016
The renewable energy sector employed 9.8 million people in 2016, up 1.1% percent from 2015, according to the International Renewable Energy Agency’s (IRENA’s) “Renewable Energy and Jobs Annual Review 2017”, released May 24.  Read More
 
Ohio Committee Suspends FirstEnergy's Nuclear Power Rescue Plan
Ohio-based FirstEnergy’s plan for a rescue of its two uncompetitive Ohio nuclear plants took a nosedive May 17, as the Ohio House Public Utilities Committee suspended action on the company’s proposal to charge its customers a fee to subsidize the… Read More
 
Nuclear Farewell?
In 1957, legendary Calypso singer and civil rights activist Harry Bellefonte recorded “Jamaica Farewell,” which became a major hit in the U.S. The song’s chorus: “Sad to say, I’m on my way, won’t be back for many a day.” That… Read More
 
 
   

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