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May 8, 2024

Nuclear Power

Peretzp, CC BY-SA 3.0, via Wikimedia
PSEG Awaits Federal Nuclear Plant Tax Credits
PSEG still is waiting to hear from the Treasury Department on the rules on the Production Tax Credits that are part of the Inflation Reduction Act.
ISO-NE
Prices, Renewables Rise in New England Capacity Auction

ISO-NE's capacity prices cleared at $3.58/kW-month in FCA 18, a nearly $1 increase over last year.

Georgia Power
Southern Looks Beyond Vogtle After Challenging 2023
Southern Co. is forecasting 5 to 7% annual earnings growth thanks to a robust economy in Georgia.
Energy Harbor
FERC Approves Vistra Purchase of Energy Harbor, Requires Divestment
FERC approved Vistra's purchase of Energy Harbor, which will allow Vistra to set up a new clean generation/retail firm while spinning off the combined firms' fossil plants into a separate subsidiary.
Duke Energy
Duke Energy Projects Higher Earnings, Load Growth in 2024
Duke Energy reported an increase in projected load growth from economic development and migration at its 2023 year-end earnings call.
FERC
FERC, NRC Examine State of the Nuclear Industry
FERC and the Nuclear Regulatory Commission convened a joint meeting to looking into issues of common interest, including the rollout of advanced reactors and grid reliability.
The Breakthrough Institute
Diablo Canyon Secures $1.1B DOE Award to Support Operations
The 2,200-MW PG&E plant will be the first recipient of federal funds being made available to shore up operations at U.S. nuclear plants that face imminent closure.
DOE
Can DOE Accelerate US Energy Transition as 2024 Election Looms?

DOE is focused on reshaping the U.S. energy landscape, but officials may have only another year to build the momentum needed to make any potential Republican rollbacks unpopular and unlikely.

Entergy
Former Employee Details Failures at Entergy’s Grand Gulf
A former Grand Gulf nuclear plant employee testified he witnessed mismanagement by supervisors and was fired for refusing to revise audits documenting problems.  
Rhodium Group
Industry Considers Building its Own Generation to Decarbonize
Industrial decarbonization is lagging the effort in the power sector and transportation, and many companies are considering directly linking big industrial demand with clean energy.

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