POWERnews

Dynegy Inc.’s transfer of some coal plant assets to itself from its subsidiary Dynegy Holdings two months before the latter company filed for bankruptcy protection last November represented a “fraudulent transfer,” a court-appointed examiner in the bankruptcy case said in a report released on Friday.

Exelon Corp. and Constellation Energy on Monday completed their long-awaited $7.9 billion merger. The combined company, which retains the Exelon name, has a market cap of $34 billion, a 35-GW generation fleet, and activity in 47 U.S. states and some Canadian provinces. It is now the biggest power utility in the U.S.—until the $26 billion Duke-Progress merger is completed, at least.

A bill passed with a bipartisan vote of 265–154 by the U.S. House last week seeks to fast-track permitting for hydropower installations of 1.5 MW or less in canals and pipelines by minimizing environmental reviews.

The Nuclear Energy Institute (NEI) last week detailed its “FLEX” response strategy, a program that calls for more safety and emergency response equipment at each of the nation’s 104 commercial nuclear reactors. According to the trade industry group, “The initiative commits every U.S. company operating a nuclear energy facility to order or enter into contract for a plant-specific list of emergency equipment by March 31.”

A report released today by the Solar Energy Industries Association (SEIA) claims that though the U.S. solar power sector was hard hit by policy changes and plunging global prices of photovoltaic (PV) panel prices, it installed 1,855 MW of PV capacity last year—more than doubling the previous annual record of 887 MW set in 2010.

The Department of Energy has made $15 billion in loan guarantees and conditionally committed to another $15 billion, but its loan guarantee program lacks much-needed consolidated data on application status, which could make easier efficient management and program oversight, a new report from the Government Accountability Office (GAO) has found. The report was released on Monday, just before Energy Secretary Steven Chu defended the Obama administration’s loan programs before a Senate committee.

A bill introduced by Sen. Lindsey Graham (R-S.C.) on Monday could force the government to provide rebates for $35.8 billion collected in the Nuclear Waste Trust Fund since 1983 to help build and operate the permanent federal nuclear waste repository at Yucca Mountain in Nevada. According to the Nuclear Energy Institute, customers have been paying […]

Senate Energy and Natural Resources Chairman Jeff Bingaman (D-N.M.) on Thursday introduced the Clean Energy Standard Act (CES) of 2012, a bill that could require some utilities around the nation to ensure at least 24% of all power sold in 2015 could be defined as “clean energy.” Under the bill, by 2020, that percentage would grow to 39%, by 2025, 54%, and by 2035, 84%.

A federal appeals court on Thursday ruled that Albuquerque, N.M.–based PNM could not delay enforcement of an Environmental Protection Agency (EPA) mandate that would force it to install pollution controls at its 1,800-MW coal-fired San Juan Generating Station near Farmington, N.M., while the issue is considered by the court.

Edison International last week said it was unable to secure financing for more than $700 million in scrubbers and other air pollution equipment required by state and federal regulations to continue operating the beleaguered 1,884-MW Homer City Generating Station Pennsylvania. The news comes on the heels of the announced closure of the firm’s two Chicago coal-fired power plants by 2014.