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In a speech today to hundreds of Southern Co. employees at that company’s Plant Vogtle in Waynesboro, Ga.—the site of the first new reactors approved in the U.S. since 1978—Energy Secretary Steven Chu said federal agencies were preparing to strengthen U.S. competitiveness in the global nuclear sector by earmarking $770 million in the Fiscal Year 2013 budget.

American Electric Power (AEP) may continue operating Big Sandy Unit 2, an 800-MW coal-fired power plant in Kentucky, if state regulators approve a 31% rate increase to help pay for pollution controls. The measure would trim the company’s planned coal retirements to 5,138 MW, not 5,909 MW, as the company had announced last June.

About 93% of total coal consumed in the U.S. in 2011 was used in the electric power sector, but electric sector coal consumption dropped by an estimated 40 million short tons—or 4% compared to 2010—as generators turned to cheaper natural gas instead, the Energy Information Agency (EIA) says.

A White House–commissioned independent review of the Department of Energy’s (DOE’s) loan portfolio concludes that the DOE could better manage its loan program and ongoing monitoring of its loan portfolio, but that the loan portfolio as a whole is expected to perform well and holds less risk than envisioned by Congress when it created and funded that program.

Eleven states filed a lawsuit in federal court on Friday to induce the Environmental Protection Agency (EPA) to promptly revise national air quality standards for fine particulate matter (PM 2.5, also known as soot) and adopt them by a certain date.

New Mexico’s Environmental Improvement Board (EIB) last week unanimously repealed a statewide cap-and-trade program adopted in 2010, when Democratic Governor Bill Richardson was in office. Current Republican Gov. Susana Martinez has been fiercely opposed to the measure.

New Hampshire’s Legislature is considering a bill that could require Public Service of New Hampshire (PSNH)—the state’s largest electric utility—to divest all 12 of its generation facilities by 2013 to complete restructuring of its electric sector. At a hearing on Thursday, PSNH staunchly opposed the measure, saying the bill could have “far-reaching economic risks, and reliability consequences for all New Hampshire business and residential customers.”

As the U.S. Nuclear Regulatory Commission (NRC) prepares to vote on Thursday on whether to approve a combined construction and operating license (COL) for Southern Co.’s proposed 2,234-MW expansion of its Vogtle nuclear plant, anti-nuclear activists are gearing up to oppose the decision. Meanwhile, Progress Energy is reportedly considering shelving its proposed Levy County, Fla., reactor.

A settlement reached between Dominion and conservation groups that was last week approved by a federal court makes the utility’s plans to shutter all four units at its 60-year-old Salem Harbor Station in Salem, Mass., by 2014 legally enforceable.

Renewable power prices in California surged from 5.4 cents/kWh in 2003 to 13.3 cents/kWh in 2011. However, they are slated to fall as new contract bids submitted to utilities last year were estimated at about 30% lower than in 2009, a new report from the California Public Utilities Commission (CPUC) suggests.