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If New York regulators fail to approve the recently announced sale of the FitzPatrick nuclear plant by Nov. 18, the state will owe the plant owner Entergy Corp. a termination fee of $35 million. That guarantee is one of the incentives state officials offered several weeks ago to help persuade Entergy to sell the money-losing […]
Read MoreX-Energy and a unit of Southern Nuclear Operating Company have signed a memorandum of understanding for commercializing and deploying high-temperature gas-cooled reactor (HTGR), the Xe-100 that could help revitalize the nuclear power industry due to the reactor’s size and relative affordability. X-energy is developing a helium-cooled HTGR that operates at 125MWth and produces approximately 48MWe, a […]
Read MoreThe James A. Fitzpatrick nuclear power plant in Oswego County, upstate New York, was set to close prematurely, 20 years ahead of schedule, because of a warped market structure that does not value clean reliable nuclear energy like it does short term-term low natural gas prices and subsidized renewables. Fortunately, though the Clean Energy Standard […]
Read MoreThe Public Service Commission decided yesterday that Nuclear Energy will have a part in New York State’s Clean Energy Standard. The plan is to cut carbon emissions by 40 percent and expand renewable power to account for 50 percent of electricity generation by 2030. As part of that work, it would subsidize struggling nuclear power […]
Read MoreWarmest wishes for a Happy Birthday to Gerry Laska, Pat McHale, Joe Willingham and Mick Youmans! We are so happy that you’re a part of our team! Happy Birthday and all the best to you in the year to come!
Read MoreA pro-nuclear environmental organization, Californians for Green Nuclear Power wants to bring San Onofre Nuclear Generating station back to life. Gene Nelson, government liaison for the group contends that nuclear power is essential for the state to meet its clean energy targets in the coming years. But can San Onofre, which has not produced electricity […]
Read MoreEntergy which announced in November 2015 that they planned to close James A. FitzPatrick nuclear plant is negotiating with Exelon for the potential sale of the 838MW plant located in Scriba, New York. Entergy wholesale commodities president Bill Mohl said: “In keeping with our corporate strategy to move away from merchant power markets and toward […]
Read MoreAccording to numerous reports mergers and acquisitions, within the power sector, are occurring once again. Accounting and consulting firm EY (formerly Ernst & Young) noted that in 2016 U.S. deal values have skyrocketed 255% compared with the same time frame in 2015. The latest merger came just last week when Southern Company closed on its acquisition of natural gas […]
Read MoreWarmest wishes for a Happy Birthday to Barbara Williams and Robert Thompson! We are so happy that you’re a part of our team! Happy Birthday and all the best to you in the year to come!
Read MoreLeaders of the U.S., Mexico, and Canada are expected to call for half of North America’s electricity to come from clean power by 2025. White House climate adviser Brian Deese described the pact as a sign of the growing bonds between the nations on climate and energy policies. He told reporters yesterday that the trio […]
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