ZEC
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Management
Another Major Leadership Shuffle: PSEG Gets New CEO
In another high-profile leadership shuffle at a major U.S. power generating company, PSEG’s longtime president and CEO Ralph Izzo on Sept. 1 passed leadership of the regulated infrastructure company to Ralph LaRossa, who was previously PSEG’s chief operating officer (COO). Izzo, who will continue to serve as executive chair of the PSEG board until December […]
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Renewables
New York Reforms Clean Energy Standard
An expansion of New York’s Clean Energy Standard (CES) approved by the state’s Public Service Commission (PSC) adopts several measures that will help the state meet its new, more ambitious 70%-by-2030 renewable power target. In an Oct. 15 order, the PSC adopted several changes proposed by the New York State Energy Research and Development Authority […]
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Legal & Regulatory
Appeals Court Backs Illinois’ Nuclear Subsidies
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 […]
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Legal & Regulatory
Appeal Filed After Judge Dismisses Challenge to Illinois’ ZEC Program
A federal judge has let stand Illinois’ zero-emission credit (ZEC) program, dismissing challenges filed by power producers who said the initiative subsidizes nuclear power at the expense of other resources. Judge Manish S. Shah of the U.S. District Court for the Northern District of Illinois on July 14 ruled in favor of motions by the […]
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Nuclear
Ohio Committee Suspends FirstEnergy’s Nuclear Power Rescue Plan
Ohio-based FirstEnergy’s plan for a rescue of its two uncompetitive Ohio nuclear plants took a nosedive May 17, as the Ohio House Public Utilities Committee suspended action on the company’s proposal to charge its customers a fee to subsidize the plants. FirstEnergy’s plan mimics programs adopted in Illinois and New York to create “zero energy […]
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