Nuclear Power
ISO New England’s 2014 Regional System Plan underscores that retirements indicate the need for new resources to address future demand despite energy efficiency measures projected to flatten demand over time. On November 6, 2014, ISO New England (ISO-NE) issued the 2014 Regional System Plan, its annual guide on New England’s long term power-system planning efforts. The…...
The White House has released federal agencies’ sustainability and climate plans outlining methods to incorporate energy and climate considerations into their decision-making. On October 31, 2014 – the fifth anniversary of the 2009 Executive Order on Environmental, Energy and Economic Performance – the White House released federal agencies’ sustainability and climate change adaptation plans, detailing…...
The NRC has resumed license renewals after a two-year suspension, bringing the number of commercial nuclear power plants with renewed licenses to 74. On October 29, 2014, the Energy Information Administration (EIA) released a report highlighting the Nuclear Regulatory Commission’s (NRC) resumption of license renewals, ending a two-year suspension on licensing decisions. The NRC resumed the…...
The DOE’s Lap-Corps will enable national laboratory teams to access private sector opportunities to commercialize innovative clean energy technologies. On October 29, 2014, the Department of Energy (DOE) announced the launch of Lap-Corps, a $2.3M pilot program to accelerate commercialization of innovative clean energy technologies developed by DOE National Laboratories. Lap-Corps – modeled on the…...
Entergy’s site assessment study of the Vermont Yankee Nuclear Power Station estimates the plant’s decommissioning cost at $1.24B, higher than previous estimates. On October 17, 2014, Entergy Nuclear Vermont Yankee (ENVY) released a site assessment study for decommissioning its Vermont Yankee Nuclear Power Station by 2014. The study – submitted to Vermont’s Public Service Department,…...
The third volume of NRC’s safety evaluation report on the proposed Yucca Mountain nuclear waste repository finds that DOE’s design meets its post-closure performance objectives. On October 16, 2014, the Nuclear Regulatory Commission (NRC) published Volume 3 of its Safety Evaluation Report (SER) on the Department of Energy’s (DOE) license application for the proposed underground geologic…...
According to EIA, the share of imports in U.S. energy consumption for the first half of 2014 reached the lowest level in 29 years. On October 10, 2014, the Energy Information Administration (EIA) released a report showing that net U.S. energy imports as a share of consumption for the January-June 2014 period reached the lowest…...
ISO-NE’s eighth Forward Capacity Market Auction (FCA-8) rates became effective September 16, 2014, despite FERC being unable to reach agreement on whether the filing was “just and reasonable.” The final price for existing sources was set at the administrative price of $7.025/kW-month, a 123 percent increase from the FCA-7 clearing price. The Northeast Massachusetts (NEMA)/Boston…...
The Massachusetts Attorney General has sought DPU action to mitigate spikes in winter rates and extend the state’s Winter Moratorium by one month. On October 2, 2014, Massachusetts Attorney General (AG) Martha Coakley wrote to the Department of Public Utilities (DPU) requesting an investigation into ways to mitigate National Grid’s winter rate spikes that will…...
The DOE has issued a draft solicitation for Advanced Nuclear Energy Projects to provide up to $12.6B in loan guarantees. On September 30, 2014, the Department of Energy (DOE) issued a draft solicitation to provide up to $12.6B in loan guarantees for Advanced Nuclear Energy Projects, representing another step in DOE’s commitment to help overcome…...
On September 17, 2014, the U.S. Senate Committee on Finance held a hearing entitled “Reforming America’s Outdated Energy Tax Code.” Retroactively extending tax provisions has significant impact on financial accounting for multiple energy industries, including wind and solar, and also small and mid-sized businesses such as commercial building owners, architects, engineers, contractors, and design-construction companies…....
On September 17, 2014, the Senate Committee on Finance held a hearing titled “Reforming America’s Outdated Energy Tax Code” to discuss possible reforms to the U.S. energy tax policy. Senate Finance Committee Chairman Sen. Ron Wyden (D-OR) underscored the need for predictable, level playing-field tax policy that puts renewables on the same footing as other…...
