New Mexico utility to allow nuclear leases to expire

A New Mexico utility will exit current leases for nuclear power and will instead develop renewable power by 2040, Kallanish Energy reports. PNM said it will allow leases for 114 megawatts of electricity power from the Palo Verde Nuclear Generating Station in Arizona to expire. Replacing that reduced capacity will allow PNM “to integrate more renewable … Read more

Ohio court dismisses FirstEnergy Solutions’ suit

      The Ohio Supreme Court has dismissed a complaint filed by FirstEnergy Solutions against a proposed referendum that could have killed a $1 billion bailout for two nuclear power plants in northern Ohio, Kallanish Energy reports. FirstEnergy Solutions had argued such a bailout amounted to a tax and cannot be subjected to a … Read more

Pennsylvania’s Three Mile Island may be acquired, dismantled

A company that specializes in decommissioning nuclear reactors is negotiating to acquire and dismantle Pennsylvania’s infamous Three Mile Island’s Unit 2 reactor, Kallanish Energy reports. The long-mothballed reactor was the site of the worst nuclear accident in the U.S., in 1979. Utah-based Energy Solutions has signed a non-binding term sheet with Gpu Nuclear, a subsidiary of Ohio-based … Read more

Scrapping 79 Japanese nuclear facilities to cost roughly $17.1B

      The state-backed Japan Atomic Energy Agency (Jaea) said last week it would have to spend roughly 1.9 trillion yen ($17.1 billion) to close 79 facilities over 70 years. Total costs could increase further, as the agency said the estimated figure, which would be paid by taxpayers, excludes expenses for maintenance and replacing … Read more

Cost of U.S. nuclear generation at 8-year low

      The average total generating costs for U.S. nuclear reactors in 2017 were 19% lower than in 2012, the highest-cost year in the last eight, a study released last week by the Nuclear Energy Institute (NEI) reveals. The report, “Nuclear Costs in Context,” found in 2017, the average total generating cost, which includes … Read more

Dominion Energy wants to keep Surry NPP running to 2053

Dominion Energy on Tuesday filed an application with the U.S. Nuclear Regulatory Commission to renew the operating licenses for its Surry Power Station, Kallanish Energy reports. The Virginia-based company wants to renew the licenses for the two-reactor nuclear power plant (NPP) acility for another 20 years, The current permits allow Dominion Energy to operate Surry’s … Read more

FES to close all coal-fired & nuclear power plants

FirstEnergy Solutions says it intends to close its last coal-fired power plants in Pennsylvania and Ohio in 2021-2022, although those decisions could be reversed if the Ohio-based company were to get a federal bailout via the Trump administration, Kallanish Energy reports. The bankrupt company is closing all of its coal-fired and nuclear power plants in … Read more

FES to close all coal-fired & nuclear power plants

FirstEnergy Solutions says it intends to close its last coal-fired power plants in Pennsylvania and Ohio in 2021-2022, although those decisions could be reversed if the Ohio-based company were to get a federal bailout via the Trump administration, Kallanish Energy reports. The bankrupt company is closing all of its coal-fired and nuclear power plants in … Read more

Holtec to purchase, decommission Oyster Creek NPP

Exelon Generation and Holtec International have an agreement under which Holtec will purchase Oyster Creek Generating Station, a nuclear power plant (NPP) located in New Jersey. You have reached your allocation of free articles this week. Don’t despair you can keep reading the news. Subscribe or start your free trial to read the rest of … Read more

Energy investment fell in 2017, IEA reports

The amount of money spent in the energy sector fell for a third straight year in 2017, raising concerns about the world’s ability to provide enough power and tackle climate change, the International Energy Agency reported Tuesday. Governments and businesses put $1.8 trillion into energy infrastructure, equipment and resources. That means global energy investment fell … Read more

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