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Jacksonville, Fla., municipal utility JEA last week signed an agreement with Duke Energy that gives it the option to buy up to 20% of the power generated by Duke Energy’s planned 2,234-MW Lee Nuclear Station when it becomes operational in 2021.

The rupture of a 6-inch steam pipe at Unit 1 of the 1,884-MW coal-fired Homer City Generating Station in Indiana County, Pa., last week tripped the unit and sent six workers to area hospitals with burns.

The power sector saw steady, modest growth of merger and acquisition activity during the last three months of 2010, recently released analysis from PricewaterhouseCoopers (PwC) shows. The largest 25 announced deals decreased 37% in value, to $19.3 billion, compared to $30.8 billion in the fourth quarter of 2009, but financial buyers maintained investments in power deals in 2010 while corporate buyers continue to lead deal activity due to large amounts of cash to invest, PwC said.

The Department of Energy (DOE) on Tuesday issued its first loan guarantee for a transmission project, committing $343 million to develop the One Nevada Transmission Line (ON Line) project. Jointly owned by Great Basin Transmission South and NV Energy, the proposed 500 kV AC transmission line is expected to carry 600 MW nearly 235 miles from Ely, Nev., to just north of Las Vegas.

GE Hitachi Nuclear Energy (GEH) today announced it has signed an agreement with Lockheed Martin. The two U.S.-based companies will join forces to design and build what they say will be the world’s most advanced digital control systems and nuclear reactors.

President Obama’s $29.5 billion Department of Energy (DOE) budget for fiscal year (FY) 2012 increases priority for renewable and nuclear energy technology research while cutting subsidies to fossil fuel energy. It also calls for a $1.3 billion cut to the Environmental Protection Agency (EPA).

State senators in Minnesota and Kentucky passed crucial legislation that could end longstanding bans in those states on the construction of new nuclear plants.

The UK government on Tuesday said it would push forward with legislation to create a new independent statutory body to regulate the country’s nuclear power industry. The new agency, the “Office for Nuclear Regulation” (OCR), will carry out regulatory functions performed currently by the Health and Safety Executive (HSE) and the Department for Transport.

A strategic plan to accelerate development of offshore wind energy, released by the Departments of Energy (DOE) and Interior (DOI) on Monday, focuses on overcoming the relatively high cost of offshore wind energy; the technical challenges surrounding installation, operation, and grid interconnection; and the lack of site data and experience with project permitting processes.

The Department of Energy (DOE) last week released additional details of its “SunShot Initiative,” a program that seeks to reduce the total costs of photovoltaic (PV) solar energy systems by about 75% before 2020 so that costs for PV systems can compete with other forms of energy without subsidies.