POWERnews

The U.S. District Court for the Southern District of Indiana on Friday ordered Duke Energy to permanently shut down three units—a combined capacity of 265 MW—at the company’s Wabash River Station in Indiana within three months.

The Canadian government is restructuring the Atomic Energy of Canada Ltd. (AECL) and may sell a stake of the company to the private sector to leverage the country’s long-term investment in nuclear energy.

The American Clean Energy and Security Act, now bound for debate on the House floor after clearing the House Committee on Energy and Commerce, contains four key changes that will secure the coal industry and thousands of jobs that coal provides, U.S. Rep. Rick Boucher (D-Va.) said Friday.

Pacific Gas and Electric Co. (PG&E) was the most solar-integrated utility in the U.S. last year, followed by Southern California Edison and San Diego Gas & Electric, according to new rankings released last week by the Solar Electric Power Association (SEPA).

Owners of unregulated power generation in the Mid-Atlantic continued to enjoy high profits in 2008, despite the economic downturn, according to a study of financial data released on Monday by the American Public Power Association (APPA).

Carbon dioxide emissions from the power sector decreased by about 2.1% as power generation declined by 1% last year, according to preliminary estimates released last week by the Energy Information Administration (EIA). The decrease reflected, among other factors, falling emissions from fossil fuel generation and an increase in wind-powered generation, the agency said.

Despite financial turmoil, the global carbon market doubled in size and grew to an estimated value of $126 billion, according to the latest State and Trends of the Carbon Market Report 2009, released today by the World Bank at Carbon Expo in Barcelona.

After a week of long and heated arguments, the House Energy and Commerce Committee on Friday passed by a vote of 33 to 25 the American Clean Energy and Security Act of 2009, a massive 946-page bill that would set up a cap-and-trade program and a federal renewable energy standard.
H.R. 2454 now heads to the House Ways and Means Committee, which will review the tax and trade implications of the bill. That committee could make more revisions to the bill.

U.S. power sales have plunged in the past six months on the back of an unprecedented demand decline that was caused by sharp contractions in the economy, and recovery is not anticipated until the 2010 to 2015 period, an analysis from Edinburgh-based Wood Mackenzie shows.

Russia’s federal atomic energy agency, Rosatom, reportedly said Tuesday that it had reached a landmark deal to supply enriched uranium fuel rods to nuclear power plants in the U.S.