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Weeks after a containment pond at the Tennessee Valley Authority’s Kingston Fossil Plant ruptured and caused a massive coal ash flood, the federal utility is now also working to repair a gypsum pond at its Widows Creek Fossil Plant in Alabama, after gypsum slurry overflowed into the creek Friday.

Investment research firm Morningstar Inc. named Warren Buffett of Berkshire Hathaway Inc. as its 2008 CEO of the Year, citing key investments in energy companies such as General Electric and Constellation Energy as reasons that cemented the award.

Dynegy Inc. and LS Power Associates last week said they had dissolved a 2006 joint development venture that planned to expand Dynegy power plants and build new ones in Arkansas, Georgia, Iowa, Michigan, and Nevada, partly because of credit and regulatory uncertainties.

Progress Energy Florida (PEF) on Monday signed a contract with Westinghouse Electric Co. LLC and The Shaw Group Inc.’s Power Group for the engineering, procurement, and construction of two nuclear units for a proposed nuclear power plant in Levy County, Fla.

A mission including representatives from more than 30 of the world’s leading commercial nuclear companies is scheduled to visit India over the next week, reported The Times of India.

The Electric Reliability Council of Texas (ERCOT) is reviewing proposed transmission projects for the next five years totaling $3 billion, the state’s main grid operator said in a report filed with the Public Utilities Commission (PUC).

Japan, the island nation with nearly a tenth of the world’s active volcanoes, may soon see a resurgence in geothermal power. For the first time in 20 years, several Japanese companies have announced plans to build new geothermal power plants, Reuters reported on Monday.

Ohio-based FirstEnergy Corp. last week asked a district court for additional time to decide whether to install expensive pollution controls or close two coal-fired units at its R.E. Burger Plant in Shadyside.

Joseph Kelliher, head of the Federal Energy Regulatory Commission (FERC), announced Wednesday that he will step down as chairman effective Jan. 20. Kelliher said that although his term as commissioner would not end until 2012, he would immediately recuse himself from FERC business and explore other career opportunities.

Most forecasting reports concentrate on political or regulatory events to predict future industry trends. Frequently overlooked are the more empirical performance trends of the principal power generation technologies. Solomon & Associates queried its many power plant performance databases and crunched some numbers for us to identify those trends.