costs

Solar and wind power have become increasingly cost-competitive over the past decade, prompting claims that they are now the cheapest sources of new electricity. The U.S. Energy Information Administration (EIA)

In its quest to drive down costs while boosting safety, the nuclear industry has ramped up efforts to streamline operations and maintenance (O&M). New approaches target efficiency and resilience. If there

The Environmental Protection Agency (EPA) has doubled down on its stance that carbon capture is “adequately demonstrated” in a brief filed with the U.S. Supreme Court as part of a bid to urge the high court to allow the agency’s contentious Carbon Pollution Standards to remain in effect while legal challenges continue. The Supreme Court […]

GE Vernova will collaborate with Japanese integrated heavy industry group IHI Corp. to develop a retrofittable 100% ammonia-capable gas turbine combustion system that would be compatible with GE’s 6F.03, 7F, and 9F models, targeting a potential commercially available product by 2030. The companies on Jan. 24 signed a joint development agreement (JDA) that formally launched […]

The Federal Energy Regulatory Commission (FERC) has approved key transmission reforms aimed at clearing a staggering backlog of more than 10,000 generation and storage projects—more than 2,000 GW—stalled in interconnection queues across the country. Order 2023, a final rule unanimously adopted by FERC’s four commissioners at a July 27 open meeting and posted in full […]

Westinghouse has officially unveiled the AP300, a “downsized” version of the company’s flagship AP1000 Generation III+ pressurized water reactor (PWR) technology. While the small modular reactor (SMR) will enter a nuclear market already rife with development, the AP300’s “nth-of-a-kind” basis positions it as a strong competitor, the company told POWER. The 300-MWe/900-MWth AP300, launched on May 4, […]

Despite a steep hike in the project cost estimate for the proposed 462-MWe Carbon-Free Power Project (CFPP), 26 of 27 public power entities have voted to continue development of the first-of-its-kind six-module NuScale Power VOYGR-6 small modular nuclear (SMR) plant. The 26 project participants—subscribers who could eventually offtake portions of the project’s power—lodged financial commitments […]

Oil, gas and power prices are increasing on a daily basis. From weather to world events, inflation has skyrocketed and energy prices are soaring. This has created a market volatility that is directly impacting the wallets of consumers and the bottom lines of all size businesses. Yet some companies are having little to no economic […]

While 2021 unfolded with some relief from the chaotic global pandemic that jolted the world in 2020, the year may be remembered for its extraordinary series of energy crises. After a cold snap prompted mass

Buoyed by two major developments last week for prospective customers, NuScale Power is maintaining “strong program momentum” toward commercialization of its small modular reactor (SMR) technology, the company told POWER.  On Oct. 16, the Department of Energy (DOE) approved a $1.355 billion award to fund the Carbon Free Power Project (CFPP), a potential 720-MWe NuScale […]

Chemical looping combustion (CLC), an advanced coal power technology that could markedly simplify carbon capture at power plants, has moved significantly closer to commercialization, owing to a breakthrough in oxygen carrier durability, the National Energy Technology Laboratory (NETL) said.    The national laboratory, which is part of the U.S. Department of Energy (DOE), revealed on […]

The two-unit Vogtle expansion in Georgia faces major challenges that are poised to derail its schedule and ramp up costs—and the project is already behind schedule, a consulting firm tasked with construction oversight of the project told regulators. In revealing testimony filed with the Georgia Public Service Commission’s (PSC’s) public interest advocacy staff on November […]

Entities with industrial control systems (ICS) associated with bulk electric system (BES) operations must develop and implement plans that include security controls for supply chain management, the Federal Energy Regulatory Commission (FERC) ordered in a final rule that formally adopts three new critical infrastructure protection (CIP) reliability standards.  FERC on October 18 issued Order No. […]

Industry aggressively fought the Mercury and Air Toxics Standards (MATS) when the Obama administration proposed it in 2011 and finalized it in February 2012, warning it would precipitate the closure of a swathe of coal capacity nationwide. Six years later, the rule appears to have had a sizable impact on the power sector, but not […]

The project to expand the two-unit Plant Vogtle in Georgia with two new AP1000 reactors has suffered debilitating delays and mounting costs.

Vistra Energy moved to halt a financial hemorrhage stemming from unprofitable conditions in the Electric Reliability Council of Texas (ERCOT), announcing plans to shutter two more coal-fired power plants—the 1.1-GW Sandow Power Plant (which includes a 2009-built unit) and the 1.2-GW Big Brown plant—in early 2018. The company’s decision made public on October 13 comes on […]

A settlement Mississippi Power reached on August 21 with stakeholders of the Kemper County facility will ensure customers won’t be subjected to rate increases associated with the now-abandoned gasification portion of the project. While that will affect revenues, the resolution could soften controversy surrounding the project and avoid protracted legal and financial turmoil, the company […]

The owners of the Vogtle and V.C. Summer nuclear expansions separately secured a few more weeks to allow work to continue onsite at each project while they decide how to proceed with the half-built AP1000 reactors after Westinghouse’s financial debacle. In Georgia, owners of the project to expand Plant Vogtle extended an interim assessment agreement […]

A strategy rolled out by the Department of Energy (DOE) and Department of the Interior (DOI) to enable 86 GW of offshore wind capacity in the U.S. by 2050 highlights a number of key hurdles, including those related to technology, regulations, the environment, and markets. The DOE’s and DOI’s September 9–released joint document, “National Offshore […]

Mississippi Power has pushed back the in-service date of its much-delayed Kemper County integrated gasification combined cycle (IGCC) plant by a month, to October 31, 2016. Initial production of syngas at the plant began on July 14, and testing continues of gasifier B and related lignite feed and ash systems. “The schedule extension provides for […]

Public benefits offered by the Mercury and Air Toxics Standards (MATS) far outweigh the costs, the Environmental Protection Agency (EPA) said as it released a review of the 2012-finalized rule’s cost implications. The final cost consideration—released just days before power plants that received a one-year extension must come into compliance with the rule—was prompted by […]

Mississippi Power must rebate $281 million in funds collected since 2013 for rate increases related to the lignite-fired power plant under construction in Kemper County, the Mississippi Public Service Commission (MPSC) ordered on Tuesday.  The state regulatory body also ordered the company and its parent company Southern Co. to stop collecting Kemper’s rate on customer […]

The Environmental Protection Agency’s (EPA’s) Clean Power Plan will certainly be challenged in court, but states and power companies must expend enormous resources developing and complying with state plans regardless of the outcome, witnesses testified on March 17 at a House hearing on the proposal’s legal and cost issues.  The three-hour-long hearing at the House […]

In-service dates for two nuclear units under construction at Plant Vogtle in Georgia have been moved out to December 2017 and December 2018, and the total project cost is now estimated at $6.76 billion—$650 million more than the certified cost—staff from Georgia Public Service Commission (PSC) reported this week.  Steven Roetger and GDS Associates consultant […]

A report released by the White House and Department of Energy (DOE) on Monday that assesses how to best protect the nation’s electric grid from power outages that occur during natural disasters calls for increased cross-sector grid investment and identifies strategies for modernizing the grid. The report, “Economic Benefits of Increasing Electric Grid Resilience to […]