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The Department of Energy on Monday conditionally offered California solar company BrightSource Energy more than $1.37 billion in loan guarantees to support construction and start-up of three utility-scale concentrated solar power plants (CSP) in the Mojave Desert of southeastern California.

A draft bill being circulated by Sen. Lindsey Graham (R-S.C.) seeks to create a federal clean electricity standard that could require utilities to supply 13% of electricity from “clean” sources by 2012, reach 25% in 2025, and 50% in 2050.

President Barack Obama on Tuesday offered to conditionally guarantee $8.33 billion in loans for Southern Co.’s project to build two AP1000 nuclear reactors at the Alvin W. Vogtle Electric Generating Plant in Burke, Ga. The pledge marks the first federal nuclear loan guarantee, and it could boost construction of the first U.S. nuclear plant in more than 30 years. More commitments are on the way, the Energy Department said.

BP America, Caterpillar, and ConocoPhillips have pulled out of the U.S. Climate Action Partnership (USCAP), an alliance of business and environmental groups that has been pushing for cap-and-trade legislation.

An executive order issued by Arizona’s Governor Jan Brewer, a Republican, directs the state’s Department of Environmental Quality not to adopt rules under the Western Climate Initiative’s (WCI’s) cap-and-trade program without legislative authorization—but it stops short of withdrawing the state from the coalition that plans to implement a regional emissions trading program by January 2012.

The Arkansas Supreme Court is scheduled on April 15 to hear oral arguments in Southwestern Electric Power Co.’s (SWEPCO’s) appeal of a court decision that took away a permit to build the 600-MW John W. Turk Jr. coal-fired power plant in Hempstead County—the nation’s first ultrasupercritical project.

The first of two new supercritical 615-MW coal-fired units at the $2.3 billion Oak Creek power plant have come online, We Power said last week. Construction continues to complete the second 615-MW unit, and it is expected to be commercially operational later this year.

Ohio-based power company FirstEnergy Corp. last week announced it plans to buy Pennsylvania’s Allegheny Energy in a $4.7 billion deal. The stock-for-stock transaction—valued at $8.5 billion—is expected to create one of the largest U.S. utilities.

In their February 10 “state of the industry” speech to the financial community, reprinted here with permission, Edison Electric Institute leaders summarized the challenges and opportunities in the year ahead.

Nuclear was such a target of the environmental movement that it embraced the “anything but nuclear” policy with abandon. Is the movement’s consideration of nuclear now a case of better late than never?