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Twelve companies and the Desertec Foundation on Friday formally launched a joint venture to manage a project that seeks to generate up to 15% of Europe’s power by 2050 with giant solar and wind farms installed in North African and Middle Eastern deserts. Firms include energy giants E.ON, RWE, and Siemens Energy, and investment companies Deutsche Bank and Munich Re.

Utility industry representatives opposed legislation at a House subcommittee hearing last week that could authorize the Federal Energy Regulatory Commission (FERC) to enforce cyber security standards on all plants connected to the bulk power system.

American Electric Power’s (AEP’s) long-awaited validation of advanced carbon dioxide capture and storage (CCS) technologies at its Mountaineer Plant in New Haven, W.Va., was formally kicked off on Friday. The project is being watched closely around the world because it will be the first to capture carbon dioxide from a pulverized coal-fired power plant as well as inject it into a permanent storage site more than 7,800 feet underground.

Participating utilities pulled the plug on a fully permitted project to build the $1.6 billion Big Stone II coal-fired power plant near Millbank, S.D., on Monday, saying they could not find new backers necessary to build the 500-to-600-MW facility.

The Maryland Public Service Commission (PSC) said on Friday it would permit Constellation Energy’s sale of 49.99% of its nuclear business to French group Electricité de France (EDF) for $4.5 billion if Constellation subsidiary Baltimore Gas and Electric Co. agreed to pay $100 rebates to its customers and invested $250 million to control power rate increases.

Entergy Corp. reportedly won’t pursue new nuclear builds in the U.S. Southeast because of lower demand seen after Hurricanes Katrina and Ike, the recession, and abundant but unused independent power generation in the region, the company’s CEO J. Wayne Leonard told reporters at this week’s Edison Electric Institute financial conference.

The Department of Energy on Thursday announced up to $338 million in Recovery Act funding for the exploration and development of new geothermal fields and research into advanced geothermal technologies. The grants, which will be matched more than one-for-one with an additional $353 million in private and nonfederal cost-share funds, back 123 projects in 39 states.

While pundits opine that the U.S. economy is in recovery, that doesn’t show up in the world of coal-fired electric power plants (perhaps lagging economic indicators). For proof, see these recent stories.

The ongoing congressional debate over national health care policy, regardless of the outcome, has important implications for employers who today provide health benefits to their employees. Company management must pay close attention to Washington discussions of health care and to the implications for their companies of what is eventually adopted.

Social media have emerged as an important force in the workplace, both as new ways of doing business and as challenges to organization management. Among those challenges is defining acceptable employee behavior on and off the job.