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The U.S. nuclear power fleet last year achieved its lowest recorded average total generating costs in two decades—$30.42/MWh—though it ran at a record-high 93.4% average capacity factor. Total generating costs were 7.6% lower last year compared to the prior year, and have fallen nearly 32% since 2012. The numbers, highlighted in the Nuclear Energy Institute’s […]

The COVID-19 outbreak and efforts to halt the spread of the virus are having a real impact at the Vogtle nuclear expansion construction site, but project starts elsewhere were robust in March. Cutting Workforce Due to COVID-19 On April 15, Georgia Power announced in an 8-K filing with the U.S. Securities and Exchange Commission that […]

The New York Independent System Operator (NYISO) on April 16 said weekday morning reductions in power consumption have averaged as much as 18% below typical levels, with the most dramatic drops noted in New York City as businesses remain closed during the COVID-19 pandemic. NYISO, in an updated analysis of estimated coronavirus demand impacts released […]

The renewable energy sector has been hit hard by the coronavirus pandemic, with more than 106,000 U.S. workers losing their jobs last month, according to an analysis of unemployment data released April 15 from several clean energy groups. Wednesday’s report said hundreds of thousands more job losses in the sector are expected in the next […]

It’s an unprecedented time for power generators worldwide. Utilities, grid operators, equipment manufacturers, and others working to keep the lights on know that a reliable supply of electricity is more important than ever as the world battles through the coronavirus pandemic. Dino Barajas, who recently joined the finance arm of DLA Piper in Los Angeles, […]

Global wind turbine manufacturers Siemens Gamesa and Vestas have restarted work in their facilities in Spain, after that country eased some of the restrictions in place as part of the lockdown due to the COVID-19 pandemic. The move comes at the same time that General Electric announced it would close a subsidiary’s wind turbine manufacturing […]

The North American Electric Reliability Corporation (NERC) has asked the Federal Energy Regulatory Commission (FERC) to delay the implementation of seven reliability standards that relate to cybersecurity, training, disturbance monitoring and reporting, generator relay loadability, and coordination of protection systems for performance during faults. In an April 6 filing to FERC, NERC noted the rules […]

The crash in global oil prices, though a challenge for cash-strapped drillers and U.S. exploration and production (E&P) companies, may provide an opportunity to move natural gas prices higher. Analysts in recent days have said higher gas prices could come as soon as next winter—some predict prices could more than double from recent lows of […]

Virginia on April 12 became the latest state to commit to a phase-out of fossil fuel-powered electricity generation, as Gov. Ralph Northam signed the Virginia Economy Act into law. The legislation sets new requirements for energy efficiency among the state’s leading utility companies, and also requires most of the state’s six remaining coal-fired power plants […]

Siemens CEO Joe Kaeser told a German newspaper the company will not reduce its workforce despite the economic downturn due to the worldwide COVID-19 pandemic. Kaeser, in an interview published April 11, said the company would likely continue having some employees work fewer hours at some of its facilities in Germany, and could extend that […]