subsidy

Exelon Corp. said it plans to retire the Three Mile Island (TMI) nuclear power plant around September 30, 2019, unless policy reforms are enacted in Pennsylvania. The company used a similar ploy in Illinois to pressure lawmakers into passing the state’s Future Energy Jobs bill, which provides subsidies for nuclear power plants. In that case, Exelon […]

After a lengthy process of give and take, the Illinois Legislature approved the Future Energy Jobs Bill (SB 2814) on December 1, the last day of the state’s veto session. The bill will now go to Gov. Rauner (R) for his signature, which is expected. Once signed, it will take effect on June 1, 2017, […]

The New York State Public Service Commission (PSC) approved New York’s Clean Energy Standard on August 1, likely saving three upstate nuclear power plants, while requiring 50% of the state’s electricity to come from renewable energy sources by 2030. Gov. Andrew Cuomo (D) praised the action in a statement following the announcement. “New York has […]

Entergy Corp. announced on July 13 that it is in discussions with Exelon Corp. concerning the potential sale of the James A. FitzPatrick Nuclear Power Plant in Scriba, N.Y. The news comes following the release of the New York Department of Public Service’s proposal to subsidize zero-emissions attributes of upstate nuclear power plants, including FitzPatrick […]

The New York Department of Public Service has proposed subsidizing zero-emissions attributes from zero-carbon electric generating stations, namely nuclear power plants, in order to encourage the preservation of the facilities. In an 11-page document titled “Staff’s Responsive Proposal for Preserving Zero-Emissions Attributes,” a formula that starts with published estimates of the social cost of carbon […]

American Electric Power (AEP), through its subsidiary AEP Ohio, announced on Dec. 14 that it had filed a stipulated agreement with the Public Utilities Commission of Ohio (PUCO) in support of the company’s expanded power purchase agreement. Details of the Agreement The stipulated agreement, which the company expects the PUCO to rule on in early […]