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News
GE Restructure Will See Leaner Power but Heftier Renewable Energy Division
GE has announced it will integrate its renewables, grid, and energy storage assets into a simplified, single business that nearly doubles the size of its Renewable Energy division, as the company banks on the accelerated uptake of grid-connected renewables worldwide. The expansion will see GE’s grid solutions, solar solutions, and storage businesses move from GE […]
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News
PG&E Files for Bankruptcy, Prepares to Reorganize
California utility Pacific Gas and Electric (PG&E) filed for Chapter 11 bankruptcy on Jan. 29, as the company faces as much as $30 billion in potential liabilities for its role in a series of wildfires in the state. The filing was expected after the company notified its workers two weeks ago it was preparing a […]
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News
Consortium Asks UK to Support SMR Nuclear Development
Small modular reactors (SMRs) are becoming a technology of choice among those who continue to push nuclear power as a zero-emissions source of generation. The collapse of plans to build new large reactors in the UK has meant companies there are looking at SMRs in an effort to keep that country’s nuclear power program viable. […]
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POWER Podcasts
Community Solar Power Offers the ‘Best of Both Worlds’ [PODCAST]
Laura Stern, co-founder and president of Nautilus Solar Energy, was a guest on The POWER Podcast. Founded in 2006, Nautilus is a leading acquirer, developer, and operator of community solar projects. During the past five months, the company has acquired community solar projects in Minnesota, Massachusetts, New York, Maryland, and Rhode Island. Community solar refers […]
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News
NRC Greenlights Final Rule Governing Nuclear Plant Mitigation of Severe Events
A final rule the Nuclear Regulatory Commission (NRC) plans to publish this spring to replace pivotal actions it issued after the Fukushima accident will require U.S. nuclear generators to ensure they can mitigate severe events at reactors within a two-year compliance timeframe. More than three years after it was proposed, the NRC’s five commissioners on […]
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News
PG&E Stock Rises After Agency Says No Role in 2017 Fire
Shares of beleaguered California utility Pacific Gas & Electric (PG&E) soared on Jan. 24 after a state agency said the company bore no responsibility for a 2017 wildfire in the state. A statement from the California Department of Forestry and Fire Protection (Cal Fire) on Thursday said, “After an extensive and thorough investigation, Cal Fire […]
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News
PSEG: Nuclear Plants Will Soon Close Without Subsidies
Public Service Enterprise Group (PSEG) has again told New Jersey officials it needs subsidies to continue operating its three nuclear power units in the state, reiterating that without financial help it will begin closing its Hope Creek Generating Station and Salem Nuclear Power Plant as early as 2022. The three reactors are the only remaining […]
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News
Global Report Warns of Looming Skills Shortages in Power, Nuclear, Renewables Sectors
Power companies worldwide are struggling to balance talent shortages with changing skills needed for an increasingly digitalized business, the newly released Global Energy Talent Index (GETI) suggests. The Jan. 22–released annual energy recruitment and employment trends report by Airswift, a global energy workforce provider, and Energy Jobline, an online jobsite dedicated to the energy and […]
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News
PG&E: Judge’s Proposal Could Cost Utility $150 Billion
Pacific Gas & Electric (PG&E) on Jan. 23 said a federal judge’s proposal that the utility mitigate fire danger in its service territory by trimming trees, along with inspecting and repairing thousands of miles of power lines, could cost the company as much as $150 billion this year. William Alsup, a judge in the U.S. […]
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News
After 18 Months of Dramatic Turns, Hydro One-Avista Merger Deal Officially Dead
Hydro One, Ontario’s largest transmission and distribution provider, and Spokane, Washington–based U.S. utility Avista Corp., have dropped their merger, citing separate denials of the $5.3 billion deal by regulators in Washington and Idaho. The companies said on Jan. 23 they “mutually agreed” to terminate a merger agreement they announced in July 2017. As required by […]