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Exelon’s Quad Cities nuclear plant in Illinois will not be economically viable despite changes in the PJM capacity market, and the company has to make a decision on closing it before the Illinois legislature can act on possible measures to save it, CEO Chris Crane said in Exelon’s second-quarter earnings call on July 29. Along […]

Broad, bipartisan energy legislation that would allocate federal funding to grid technology research and demonstration along with a number of other initiatives, including cybersecurity and the energy-water nexus, has cleared the Senate Energy and Natural Resources Committee with an 18–4 vote.  The committee’s chair, Sen. Lisa Murkowski (R-Alaska), and Ranking Member Sen. Maria Cantwell (D-Wash.) […]

France’s state-owned utility EDF will snap up between 51% and 75% of troubled nuclear giant AREVA’s reactor business in a possible $2.96 billion deal.  While the French government owns about 87% of AREVA and 85% of EDF, the utility that operates the nation’s aging 58-reactor fleet, it has pledged to look at all options to […]

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Though the U.S. Senate voted 64–29 this week to renew the charter of the Export-Import Bank of the United States (Ex-Im), the House may adjourn for its summer break without taking action on the issue.  Congress let the Ex-Im bank’s charter lapse for the first time in its 81 years of continuous operation on June […]

With the Environmental Protection Agency (EPA) expected to issue its final rule on power plant greenhouse gas emissions under the administration’s Clean Power Plan (CPP) early next week, reports strongly suggest the revisions will extend compliance deadlines in response to power sector complaints about a too-aggressive schedule in the proposed rule. A July 28 report […]

As part of a remedy package to appease the European Commission, Alstom will accept $331 million less than the original $13.63 billion purchase price offered by General Electric (GE) to close the deal.  The much-anticipated deal has come under close scrutiny by the European Commission, which opened a full-scale antitrust investigation into the deal on […]

Nuclear Regulatory Commission (NRC) inspectors reported that the Tennessee Valley Authority’s performance during a recent assessment conducted at Watts Bar Unit 2 indicated that the plant is ready to startup and conduct power operations. The news was conveyed at a public meeting hosted by the NRC on July 27 in Athens, Tenn., to review results […]

NextEra Energy’s $4.3 billion bid to buy Hawaiian Electric Industries faces big, perhaps insurmountable, obstacles before the Hawaii Public Utilities Commission, which opened the record on the deal last week. The commission published the public filings in the case, which were overwhelmingly negative. Hawaii’s governor, David Ige, panned the deal in a press conference on […]

The U.S. House of Representatives on July 23 passed by a 258–166 vote a coal ash bill that industry and states say is much-needed, but which the White House has threatened to veto.  The Improving Coal Combustion Residuals Regulation Act of 2015 (H.R. 1734) sponsored by Rep. David McKinley (R-W.Va.) seeks to implement standards finalized […]