Exelon

Time is winding down for lawmakers interested in enacting legislation to save the Three Mile Island (TMI) nuclear plant. That message was amplified on April 5 when Exelon Corp. filed the federally required Post Shutdown Decommissioning Activities Report (PSDAR) with the Nuclear Regulatory Commission. The PSDAR details plans for TMI Unit 1 after its final […]

A project to demonstrate a novel power cycle that promises to produce low-cost, reliable, and flexible power from natural gas—while generating no atmospheric emissions, and fully capturing carbon dioxide—is inching closer to commissioning. Its developers are now actively assessing siting for the first commercial-scale 300-MW NET Power facility. NET Power’s 50 MWth Demonstration Plant in La […]

Siemens, Three Mile Island, and Pacific Gas and Electric (PG&E) made notable headlines over recent days. Here is this week’s POWER notebook.  Siemens Bags First Order for 41-MW Aeroderivative Gas Unit Siemens on March 25 said it received its first order for its newest aeroderivative gas turbine offering—the SGT-A45. The buyer, Bayat Power, a subsidiary […]

Pennsylvania, the nation’s second-largest nuclear power-producing state, is now definitively a battleground for nuclear power subsidies.  Last week, in two memos that were circulated in the state House and Senate, seven lawmakers signaled they would soon introduce legislation that would update a 2004 state law—the Alternative Energy Portfolio Standards (AEPS)—to include nuclear power. The law […]

GE Power’s financials spun out further on a dismal trajectory during the fourth quarter of 2018, plagued by slack market demand for products and services, technical glitches of a flagship gas turbine model, and poor project execution. Despite a series of divestments and corporate reshuffles, including of leadership, for the 12 months that ended on […]

Behind the digital tools that make the industrial internet of things (IIOT) in the power generation and chemical process industries are people. The upcoming Connected Plant Conference—Feb. 19–21, 2019, in Charlotte, North Carolina—will recognize the achievements of 11 individuals and companies who are fast risers in the field. Through insight and experience, these “Game Changer” champions […]

Proactive equipment maintenance continues to be a priority for power plant operators. ServiceMax, a GE Digital company that provides field service management software, on October 25 announced it has launched its Predix ServiceMax Asset Service Management (ASM), a new offering to help operators “transform their entire asset maintenance process from a break-fix model to a […]

New York’s subsidies of nuclear power are legally sound, the U.S. Court of Appeals for the Second Circuit has concluded. The decision comes two weeks after the Seventh Circuit upheld a similar measure in Illinois. The development marks a victory for the nuclear industry, which has been financially crippled by the rise of cheap gas […]

The Oyster Creek Nuclear Generating Station in New Jersey, the oldest operating nuclear plant in the U.S., was shut down on September 17, 2018. For more, see “Oldest U.S. Nuclear Plant Shuts Down.” Visit our video archive

The Oyster Creek Nuclear Generating Station in New Jersey, the oldest operating nuclear plant in the U.S., was shut down September 17. Workers marked the closure with a ceremony at the plant, as 400 current employees and former workers watched via a livestream as operators took the plant offline. Oyster Creek, a 625-MW single-reactor plant […]

The U.S. Court of Appeals for the Seventh Circuit on September 13 upheld subsidies offered by Illinois to help struggling nuclear power plants. The court rejected arguments from power producers and some Illinois energy consumers that so-called zero-emission credits (ZEC) are preempted by the Federal Power Act. Opponents argued the program violates the Commerce Clause […]

MONTREAL: July 31, 2018 – Comprehensive Decommissioning International, LLC (CDI), a joint venture company of SNC-Lavalin (TSX: SNC) and Holtec International, has been awarded a nuclear decommissioning contract, worth hundreds of millions of dollars, by Holtec Decommissioning International. Earlier today, Exelon Generation and Holtec International announced the conditional sale of the Oyster Creek Nuclear Generating […]

NRG Energy will not restart its Dunkirk power plant in western New York, with the company on July 11 saying the cost to reconnect the facility to the state’s electric grid prohibits reopening the retired coal-fired plant as a natural gas-fueled facility. David Gaier, an NRG spokesman, told POWER the project’s increased costs, along with needed […]

The Federal Energy Regulatory Commission (FERC) on July 2 denied ISO-New England’s (ISO-NE’s) request for a tariff waiver to keep two gas-fired units—a total capacity of 1,700 MW—at Exelon’s Mystic Generating Plant in Boston, Massachusetts, running to address “fuel security risks.” The commission instead gave the grid operator a year to submit permanent tariff revisions […]

Officials with the U.S. Nuclear Regulatory Commission (NRC) on July 2 said Oyster Creek Nuclear Generating Station, the country’s oldest operating nuclear power plant, will officially close on September 17. They also said radioactive material is likely to remain at the site in New Jersey until at least the late 2070s, and perhaps beyond. The […]

The Trump administration’s attempt to prop up uneconomic “fuel secure” generators in competitive markets is just the latest in a string of recent “extra-market” interventions that experts said imperil independent organized markets for electricity. In a recent white paper, Raymond Gifford and Matthew Larson, energy partners at Wilkinson Barker Knauer LLP, said the restructured administrative […]

The first of about 400 workers remaining at the soon-to-close Oyster Creek Nuclear Generating Station in New Jersey will begin leaving their jobs over the next few weeks, according to a notice filed this month by Exelon Corp. with the state’s Department of Labor and Workforce Development. The Worker Adjustment and Retraining Notification (WARN) filing […]

Washington, D.C. (May 30, 2018) — Constellation, an Exelon company, and GE today announced the completion of a 554 kilowatt (DC) solar generation project for The Home Depot’s Washington, D.C., store. The solar project, now the largest single rooftop array in the District*, is expected to supply more than 9.9 million kilowatt hours of electricity […]

Exelon Corp.’s Three Mile Island, Dresden, and all but a small portion of its Byron nuclear plants failed to clear PJM Interconnection’s latest annual capacity auction—despite an average 83% surge in capacity prices compared to last year. While coal and gas made moderate gains, demand response, energy efficiency, wind, and solar emerged as the auction’s […]

New Jersey Gov. Phil Murphy signed a few important energy bills on May 23 including one (S-2313) that establishes a zero emissions certificate (ZEC) program, which reportedly will provide the state’s nuclear power plants with $300 million a year in ratepayer subsidies. To qualify, the plants must demonstrate that they make a significant contribution to […]

The generating fleets owned by some of the largest companies in the U.S. (ranked here by capacity in 2017) have transformed over the past four years, in some cases dramatically, as total revenues fluctuated. Sources: Fidelity Investments (revenue data standardized by S&P Capital IQ); EIA-860 detailed data; SEC 10-K filings, and company websites. —Copy and artwork by Sonal Patel, a […]

Exelon Generation will shutter its Oyster Creek Generating Station in October 2018—more than a year before it is required to close the single-unit reactor as part of an agreement with the state of New Jersey. Exelon agreed in 2010 to close the unit by December 2019—10 years before its license to operate expires—after it decided […]

Two more U.S. nuclear power plants are facing early retirement, joining a string of generators whose fate was determined by market conditions, political pressure, or financial stresses assailing the sector. Several others may be poised to join them. The 647-MW Duane Arnold nuclear plant in Palo, Iowa, will likely close in 2025 after a current […]

U.S. utilities continue to send workers to Puerto Rico to help restore that country’s electricity and rebuild its power infrastructure, a task that continues more than four months after back-to-back hurricanes left nearly all of the island in the dark. The Puerto Rican government this week said 83% of the island’s generation capacity has been […]

A lawsuit challenging subsidies for New York’s nuclear plants will head to trial after the state’s  Supreme Court rejected motions to dismiss it. The measure deals a small setback for Exelon Corp., whose subsidiaries own the R.E Ginna and Nine Mile Point nuclear plants in upstate New York. Defendants in the lawsuit also include Entergy […]

GE and Exelon announced a multi-year agreement to deploy GE’s portfolio of Predix software solutions across the energy company’s six electric utilities to further enhance reliability and efficient service to its more than 10 million customers. Exelon’s six utilities will use these advanced analytics to further strengthen transmission and delivery systems. POWER Executive Editor Aaron […]

ExGen Texas Power (EGTP) Holdings LLC and ExGen Texas Power LLC, a subsidiary of Exelon Corp., on November 7 filed for Chapter 11 bankruptcy. The filing in U.S. Bankruptcy Court in Delaware is aimed at reducing the company’s debt, and four of EGTP’s five natural gas-fired power plants in Texas would be owned by lenders […]

A bitter dispute concerning subsidies for nuclear generation that has divided the power sector grew more intense over the past week as Connecticut, Ohio, and Pennsylvania advanced efforts to keep nuclear plants operating. At the same time, legal challenges to existing measures in Illinois and New York continued in two federal courts. In Connecticut, Gov. […]

CHICAGO (Sept. 29, 2017) — In response to the devastation caused by Hurricane Maria and two earthquakes in Mexico, Exelon has donated $50,000 to the American Red Cross to assist in disaster relief areas. The largest utility by customer count, Exelon, through its operating companies, is contributing another $200,000 to organizations aiding in relief efforts. […]

Exelon could begin construction as soon as next week on an expansion of its 135-MW West Medway oil-fired peaking plant in West Medway, Massachusetts. The company’s plan to add two units and 200 MW of generation to the existing three-unit facility was deliberated for 29 months by state and local officials before a state board […]