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As international travel picks up, energy corporations are turning to mobile employees to fulfill their international staffing needs. However, as mobile work gains steam, tax and compliance risks continue to grow as well—unbeknownst to most corporate leaders. Many businesses, unfortunately, are failing to set up an adequate plan to protect against tax violations in the […]

Germany’s government is weighing how the closure of the country’s last three nuclear power plants in December 2022 will affect its grid this upcoming winter as the country scrambles to secure sufficient energy supplies amid a decline in Russian gas deliveries. A formal decision on whether or not to keep  Isar 2, Emsland, and Neckarwestheim […]

Entergy Corp.’s chairman and CEO Leo P. Denault will retire in 2023, ending a decade-long role as the head of the New Orleans–headquartered power generating giant. Denault will be succeeded by Andrew “Drew” Marsh, Entergy’s current executive vice president and chief financial officer. Denault, 62, was appointed Entergy’s chairman and CEO in 2013, taking over […]

President Biden’s signing of the Inflation Reduction Act (IRA) should provide further impetus for growth of U.S. renewable energy, coming on the heels of a report from the Federal Energy Regulatory Commission (FERC) that installations of solar and wind power accounted for more than two-thirds of new domestic utility-scale generation in the first six months […]

Today’s environmentally-friendly hydraulic fluids can cause serious problems that did not occur with previous generation fluids that contained heavy-metal additives. Electrostatic discharges and a host of other detrimental effects can occur with today’s fluids, but solutions exist to alleviate the problems. Hydraulic fluid producers introduce additives (usually several, as an additive package) into base oils […]

The U.S. House on Aug. 12 passed a bill with major implications for the power generation industry, joining the U.S. Senate in supporting the Inflation Reduction Act (IRA). The bill, which now heads to President Joe Biden for his signature, includes major provisions to combat climate change, including support for a variety of clean energy […]

California Gov. Gavin Newsom has proposed a plan that would keep the Diablo Canyon nuclear power plant open into 2035, a decade beyond the facility’s current closure date. The proposal, which in part includes giving plant owner Pacific Gas & Electric (PG&E) a forgivable $1.4-billion loan, was included in a draft legislative package sent to […]

American Electric Power’s (AEP’s) long-serving chairman, president, and CEO, Nick Akins, will step down as CEO on Jan. 1, 2023, and has already passed the company’s presidency to Julie A. Sloat, AEP executive vice president, and chief financial officer (CFO). Sloat, 53, will become the power generating company’s CEO in January, making her the first […]

A Nuclear Energy Institute (NEI) survey suggests U.S. utility members expect to add up to 90 GW of new nuclear generation by the 2050s, including more than 300 new small modular reactors (SMRs) in the U.S. over the next 25 years. The nuclear industry group’s survey, unveiled on July 29, sought to gather input from […]

Hybrid power plants continue to be deployed across the U.S., with almost 300 such facilities (all with 1 MW or more of generation capacity) operating at the end of last year. An August 2022 report from the Lawrence Berkeley National Laboratory in California, based on research funded by the U.S. Dept. of Energy (DOE) and […]