The New Jersey Board of Public Utilities must take a hard look at the ratepayer impact of nuclear subsidies as the state’s reentry into the regional carbon market and pending wholesale market initiatives will likely increase revenue for the nuclear units receiving zero emission credits, or ZECs, according to the Division of Rate Counsel. Those…
The New York State Energy Research and Development Authority and the Department of Public Service on Oct. 21 released a final plan revising the method used to calculate load-serving entities’ payment obligations under the zero emission credit, or ZEC, program that compensates nuclear plants for carbon-free electricity production. The plan establishes a flexible, “pay-as-you-go” model…
U.S. Energy Secretary Rick Perry announced his resignation on Oct. 17 amid a Democratic-led impeachment inquiry into President Donald Trump’s actions to pressure the Ukraine government to investigate his political opponent Joe Biden. The Energy Department wrote to House Committees that it would not comply with a subpoena demanding Ukraine-related documents, arguing that the House…
The Illinois Commerce Commission will hold a policy session on October 1 to explore the current and future role of nuclear energy in fulfilling its commitments under the Paris climate agreement, according to a September 24 press release. The state became a member of the U.S. Climate Alliance, a 24-state coalition committed to reducing greenhouse…
Democratic Governor Ralph Northam signed an executive order on Sept. 17, setting a goal for the state to produce 30 percent of its power from renewable energy resources by 2030 and transition to zero-carbon electricity by 2050. Legislation enacted last year set a goal of achieving 5.5 gigawatts of wind and solar by 2028. The…
Ohio Attorney General Dave Yost on Aug. 12 rejected the summary of a proposed ballot measure submitted by Ohioans Against Corporate Bailouts to repeal legislation enacted last month to subsidize nuclear and coal plants. The law requires electric customers to pay new monthly surcharges from 2021 through 2027 to raise $150 million per year to…
The ISO New England Inc.’s short-term program to compensate resources for maintaining inventoried energy during winters 2023/2024 and 2024/2025 became effective by operation of law because the Federal Energy Regulatory Commission lacked a quorum to act on the proposed reforms before the statutory deadline, according to an Aug. 6 notice. A resource is eligible to…
Ohio state lawmakers approved legislation on July 23 requiring electric customers to pay new monthly surcharges from 2021 through 2027 to raise $150 million per year to subsidize FirstEnergy Solutions Corp.’s ailing nuclear plants. Governor Mike DeWine, a Republican, signed the bill into law, making Ohio the fifth state in the nation to prop up…
The Ohio state Senate approved legislation on July 17 that would require electric customers to pay new monthly surcharges from 2021 through 2027, raising $150 million per year to subsidize FirstEnergy Solutions Corp.’s ailing nuclear plants. The revised version of the bill, which passed the House in May, would scale back the state’s renewable portfolio…
The Court of Common Pleas in Hampton County on June 11 finalized a settlement in a class action lawsuit over the costs that South Carolina Electric & Gas Company’s electric ratepayers have incurred towards the abandoned VC Summer nuclear power project. The settlement includes a $115 million cash component, an estimated $60 million to $85…
The New Jersey Board of Public Utilities has released the draft version of the 2019 Energy Master Plan, which provides a blueprint made up of seven strategies for achieving the state’s goal of 100 percent clean energy by 2050, as well as reducing greenhouse gas emission by at least 80 percent compared to 2006 levels,…
Nuclear power is making its way into clean energy policies as more states embark on ambitious emissions reduction plans. The need to build up carbon-free energy resources in the fight against global warming is driving a number of policymakers to put nuclear power on equal footing with renewable resources.