Policy: News

  • Xcel Energy plans $1.8 billion in nuclear power plant upgrades

    Minneapolis, Minnesota-based Xcel Energy wants to invest some $1.8 billion extending the lives and boost the power generation capacity of a pair of nuclear reactors, according to the Minneapolis Star Tribune. The utility holding company, which serves about 3.4 million customers in the northern Midwest and the Southwest, will spend about $280 million replacing the steam generators at the twin-reactor, 1,076 MW Prairie Island Nuclear Generating Plant. Xcel will spend $600 million on the 613 MW Monticello Nuclear Generating Plant to improve the plant's safety measures and boost power output. Both nuclear power plants are located in Minnesota. Representatives of the company have said the new steam generators being installed at Prairie Island will not have issues with the same problems that ultimately caused the shutdown of the San Onofre Nuclear Generating Station (SONGS) in California, according to the report.

  • Gamesa, Infigen settle on wind turbine maintenance agreements

    Gamesa Wind US and Infigen Energy reached an agreement to settle all outstanding legal actions between the companies related to wind turbines that Gamesa built and provided to Infigen. In accordance with the agreement, Gamesa will provide warranties, wind turbine maintenance services and replacement parts for the turbines until June 14, 2028. Five of the U.S. wind energy projects have each executed 15-year warranty and maintenance agreements with Gamesa for a fixed annual fee. The wind energy projects includes in this agreement are the 80 MW GSG and 51.7 MW Mendota plants in Illinois, the 80 MW Allegheny Ridge and the 24 MW Bear Creek plants in Pennsylvania, and the 50 MW Kumeyaay plant in California. Gamesa will be responsible for all turbine maintenance costs including labor, cost of all turbine component replacements, and Gamesa will be entitled to certain performance payments if wind turbine availability exceeds prescribed levels. With the settlement, Infigen Asset Management will stop providing turbine maintenance to the five projects, but will continue to operate the plants and provide balance-of-plant service and maintenance.

  • FERC’s OEP Director Jeff Wright testimony before the House Committee on Energy & Commerce, Subcommittee on Energy and Power

  • AES to provide energy storage facility for PJM market in Ohio

    To be located at DP&L Tait generating station, just south of Dayton, Ohio, the AES battery array will provide frequency regulation service to the PJM market

  • Duke Energy board elects Lynn Good as president and CEO

    CHARLOTTE, N.C., June 18, 2013 /PRNewswire/ -- Duke Energy announced today that the board of directors has unanimously elected Lynn Good as its next president and chief executive officer, succeeding Jim Rogers, who will continue to serve as chairman of the board until his retirement...

  • Duke Energy agrees with North Carolina Public Staff on rate case

    Duke Energy Carolinas, a unit of Duke Energy, reached an agreement with the North Carolina Public Staff concerning the utility's request to raise base rates. The settlement includes a significant reduction in the rate increase to customers, while providing a fair return for the company's investors, according to Duke Energy. Under the terms of the settlement, the increase to the company's revenue is reduced to about $205 million in the first two years, with customer rates increasing an additional $30 million (for a cumulative increase of about $235 million) beginning in year three. Duke Energy originally requested an average increase in retail revenues of 9.7 percent or about $446 million. The company has agreed to implement the rate increase over time. During the first two years, the average increase will be about 4.5 percent. After that, rates will increase by an additional 0.6 percent for a total average increase of about 5.1 percent.

  • Midwest Energy Emissions Corp. Provides Operations Update

    WORTHINGTON, Ohio, June 17, 2013 /PRNewswire/ -- Midwest Energy Emissions Corp. (OTCQB: MEEC) today announces an update on its current operations and offers a market discussion by its President and CEO. As background, in April of 2012, the U.S. EPA's Mercury and Air Toxics...

  • Perry nuclear unit powered down due to coolant leak

    The single-unit 1,268 MW Perry nuclear power plant in Ohio was shutdown due to a small reactor coolant leak, according to an event report from the U.S. Nuclear Regulatory Commission (NRC). The leak was discovered on June 15 and workers determined that the plant needed to be shut down. Steam was observed coming from a vent line that comes off the top of the recirculation flow control valve, according to Power Engineering. Workers with FirstEnergy said the steam appeared to be coming from a weld location where the vent line comes out of the flow control valve. A FirstEnergy spokesperson told Reuters that the leak did not endanger the health of the public or of workers at the plant. The plant came back online in May after a maintenance and turbine upgrade outage. The Perry nuclear power plant made headlines in May 2013 when two goldfish were discovered swimming in a pitched placed in a restricted area of the plant. An NRC investigation found that two contractors put the fish there as a joke.

  • Florida Governor Signs Law to Rein in FL's Nuclear 'Tax'

    TALLAHASSEE, Fla., June 17, 2013 /PRNewswire-USNewswire/ -- Late last Friday, Florida Governor Rick Scott signed SB 1472 into law. The new law attempts to clamp down on the state's controversial nuclear cost recovery payment scheme that allows utilities to charge customers in...

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