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Trump Budget Backs Nuclear, Coal; Cuts Funding for Renewables

February 13, 2018

The Trump administration’s fiscal year 2019 budget request released February 12 asks for more money to support fossil fuel-based power systems, but seeks funding below current levels for other energy initiatives, including renewable energy and energy efficiency.

The energy funding is part of a $ 4.4 trillion budget that features large increases in military spending, along with deep cuts to several domestic programs and entitlements, including Medicare, Medicaid, food stamps, and Social Security disability payments. Analysts immediately said it has little chance of being enacted by Congress as written, in part because of fears of what the proposal would add to the federal deficit over the next decade. A New York Times analysis said the proposed budget would add $ 984 billion to the federal deficit next year, and add about $ 7 trillion to the federal deficit over the next 10 years.

The proposal, Trump’s second since taking office in January 2017, is similar in many ways to his administration’s proposed 2018 fiscal year budget, which was rejected by Congress.…

Nuclear Power, Carbon Capture Winners in New Budget Deal

February 11, 2018

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The budget bill passed by Congress and signed by President Trump in the early hours of February 9 extends a host of tax credits for energy technologies, including provisions to help the Vogtle nuclear expansion in Georgia as well as U.S. carbon-capture projects.

The legislation also provides support for renewable energy, including for small wind turbines and geothermal pumps. It also gave five-year tax credit extensions to small natural gas technologies, including combined heat-and-power (CHP) and microturbines, along with fuel cells.

The Senate version of the bill reportedly included proposals to boost offshore wind energy, energy storage, waste heat to power, and large-scale geothermal generation projects. None of those efforts survived in the House and are not included in the final legislation.

The bill also includes $ 2 billion to help with rebuilding the electricity grid in Puerto Rico, where about 30% of the island remains without power after hurricanes Irma and Maria battered the Caribbean last September. Those funds are part of $ 89 billion in disaster funding for U.S.…

From the Pages of POWER Magazine: #TBT #ThrowbackThursdays

February 9, 2018

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In early 1882, U.S. industry was still heavily dependent on the water wheel, and many housewives cooked on wood-burning stoves. Power was made where it was used because there was no effective means of transmitting energy long distances. But 1882 was a year of dramatic changes. The world was just beginning to grasp the implications of a new, incredibly versatile form of energy—electricity.

POWER magazine was launched that year, not too long after introduction of the first practical steam engine by James Watt in England. The steam engine enabled development of industries based on mechanical—rather than human or animal—energy. Soon, just about every manufacturing plant had its own steam-engine power plant. During this paradigm-shifting period, POWER participated in the development of the engines that powered the Industrial Revolution.

From the beginning, POWER had to keep editorial pace with a fast-developing technology and a market strongly influenced by the fantastic economic growth of the post–Civil War period. New products and scientific advances proliferated, and the magazine’s pages reflected the changing world around it.…

Regulators Back Settlement for Costs of Failed Kemper IGCC Project

February 7, 2018

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Shareholders of Mississippi Power will have to absorb the majority of outstanding costs resulting from the scuttled Kemper County coal gasification project, as the state’s Public Service Commission (PSC) on February 6 approved a settlement for the remaining liabilities associated with the much-touted “clean coal” plant.

Mississippi Power in a statement said it “is pleased with this final order from the Public Service Commission, which effectively settles all costs associated with the Kemper County energy facility.” Anthony Wilson, the company’s CEO, in a statement after today’s vote said, “The economics really didn’t work out and the technology was hard to perfect.”

The PSC in 2017 told Atlanta-based Southern Co. to end construction at Kemper. The gasification project, touted as the future of coal, never was operational, as costs ballooned from an original price tag of $ 2.9 billion to about $ 7.5 billion. The settlement agreement, which was reached last year pending approval, means Mississippi Power, a subsidiary of Southern Co.,…

Exelon Will Close Oyster Creek Nuclear Plant Earlier than Anticipated

February 3, 2018

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Exelon Generation will shutter its Oyster Creek Generating Station in October 2018—more than a year before it is required to close the single-unit reactor as part of an agreement with the state of New Jersey.

Exelon agreed in 2010 to close the unit by December 2019—10 years before its license to operate expires—after it decided against installing a cooling tower technology required by the New Jersey Department of Environmental Protection. On February 2, the company said it would permanently close the unit at the end of its current operating cycle in October. The revised schedule will allow Exelon to better manage resources in a market environment where fuel and maintenance costs are rising amid historically low power prices, it said.

Bryan Hanson, Exelon president and chief nuclear officer, noted in a press release that the company will offer a position to every employee at Oyster Creek that chose to stay with the company, and that the revised schedule would give the company time to do that.…

THE BIG PICTURE: Abandoned Nuclear

February 1, 2018

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The post THE BIG PICTURE: Abandoned Nuclear appeared first on POWER Magazine.

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