The South Carolina Court of Common Pleas Thirteenth Judicial Circuit on July 21 approved a $520 million settlement to refund customers of state-owned Santee Cooper for costs incurred toward the construction of the abandoned VC Summer nuclear power project. The deal includes a four-year rate freeze by the utility, constituting an additional $510 million benefit…...
U.S. summer electricity demand, from June through August, is expected to total 998 billion kilowatthours, a 5 percent drop compared to 2019 and the lowest value since 2009, according to a June 10 report from the U.S. Energy Information Administration. Retail electricity sales in the commercial and industrial sectors are expected to decline 12 percent…...
The U.S. Energy Department on May 14 announced the launch of the Advanced Reactor Demonstration Program, which will provide $160 million initial funding for two reactors to be operational in the next five to seven years. The program will establish cost-shared partnerships with U.S. industry to expedite the demonstration of advanced nuclear reactors. The funding…...
The U.S. Energy Department on April 23 released a report by the Nuclear Fuel Working Group, which outlines a strategy for the U.S. to regain its global leadership in nuclear energy and technology. The report recommends potential actions to enhance the positive attributes of nuclear power, restore the viability of the nuclear-fuel cycle, strengthen U.S…....
Senators Lisa Murkowski, a Republican representing Alaska, and Joe Manchin, a Democrat representing West Virginia, unveiled a bipartisan legislative package on Feb. 27 that compiles more than 50 energy-related measures reported by the Energy and Natural Resources Committee last year. The comprehensive bill supports innovative energy technologies covering a range of topics including energy efficiency,…
New Jersey is making strides to accelerate the transition to a clean energy economy. Among recent actions, the state released a comprehensive plan for economy-wide decarbonization, enacted a law to boost electric vehicle use targeting 2 million EVs on the road by 2035, and doubled the offshore wind power goal to 7.5 gigawatts by 2035.
U.S. electricity generation from renewable sources such as wind and solar are projected to surpass nuclear and coal by 2021 and to surpass natural gas in 2045, according to the U.S. Energy Information Administration’s Annual Energy Outlook 2020. The share of U.S. electricity generation from renewable sources is projected to double, accounting for 38 percent…
Democratic Governor Phil Murphy on Jan. 27 released a comprehensive plan, outlining strategies to reach the administration’s goal of 100 percent clean energy by 2050 and achieve the target of 80 percent emissions reduction from 2006 levels set by the Global Warming Response Act enacted last year. To support the strategies, Murphy signed an executive…
Republican lawmakers introduced legislation on Jan. 16 that would allow all hydroelectric generating facilities in operation as of Jan. 1, 2021, and nuclear power plants to qualify for California’s Renewable Portfolio Standard program. The legislation would also suspend the renewable power mandates, and direct the savings from the temporary pause to investor-owned utilities’ infrastructure investments to…
About 42 gigawatts of new power generating capacity is expected to come online in 2020, with solar and wind accounting for almost 32 gigawatts of the capacity, according to a Jan. 14 report from the U.S. Energy Information Administration. Wind represents the largest share at 44 percent, followed by solar at 32 percent and natural…
The Ohio Supreme Court on Nov. 27 dismissed FirstEnergy Solutions Corp.’s complaint against a referendum effort by Ohioans Against Corporate Bailouts to repeal legislation enacted in July to subsidize nuclear and coal plants. The court rejected the case for “lack of a justiciable controversy.” The company argued that the rate increase resulting from the law constitutes…
U.S. President Donald Trump formally nominated Deputy Energy Secretary Dan Brouillette to head the Energy Department, according to a Nov. 7 press release. If confirmed by the Senate, Brouillette will replace current Energy Secretary Rick Perry, who announced his resignation last month amid scrutiny for his involvement in the administration’s interactions with Ukraine. The Ukraine…