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Vistra Will Close Another Illinois Coal Plant

September 18, 2019

The post Vistra Will Close Another Illinois Coal Plant appeared first on POWER Magazine.

A Vistra Energy subsidiary on Sept. 16 said it will close the nearly 60-year-old E.D. Edwards coal-fired plant in Bartonville, Illinois, by year-end 2022 under a settlement between the company and environmental groups the Sierra Club, the Natural Resources Defense Council, and the Respiratory Health Association. The groups made a joint announcement Monday of the agreement.

The environmental groups had sued in 2013 in an attempt to force the plant to adhere to emissions regulations. Vistra, in its second-quarter 2019 U.S. Securities and Exchange Commission filing, said a bench trial in the case had been scheduled for the end of September. “We dispute the allegations and will defend the case vigorously,” the company said in the SEC filing earlier this year, prior to the settlement.

Vistra’s Illinois power-generation unit—Illinois Power Resources Generating (IPRG), an affiliate of Vistra-owned Luminant—in a statement Monday said: “The proposed settlement resolves a long-running lawsuit while providing three years of certainty for the more than 70 employees working at the Edwards plant and, importantly, a transition period for the community to plan for the plant closure.…

Siemens Will Cut Another 2,700 Jobs; GE Announces Cuts in Switzerland

June 19, 2019

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Siemens on June 18 said it would cut 2,700 jobs from its Gas and Power division, on top of 10,400 positions the German engineering firm last month said it would jettison as part of cost-cutting measures.

The Siemens’ announcement comes one day after U.S.-based rival GE said it would cut 450 jobs at two of its manufacturing sites in Switzerland.

Siemens in May said it would spin off and give up its majority stake in its Gas and Power unit, which includes its power generation, transmission, oil and gas, and related services businesses. The company in that announcement, which it said is part of its Vision 2020+ strategy, also said it was transferring its 59% stake in Siemens Gamesa Renewable Energy (SGRE) to the new business.

Investors have cheered Siemens’ restructuring, with the company’s stock gaining about 9% this year.

Lisa Davis, head of the Gas and Power division, in a statement Tuesday said, “The planned measures will help us create more opportunity for growth and the security that comes from being a competitive player in the energy market.”…

Columbia Nuclear Plant Sets Another Generation Record, Credits Good Performance

January 10, 2019

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Operators of the Columbia Generating Station have set a new generation record at the nuclear plant 12 miles north of Richland, Wash., sending more than 9.7 million MWh to the Pacific Northwest power grid during 2018.

The single 1,207-MW single GE-built Mark-2 boiling water reactor that is owned and operated by Energy Northwest—which comprises 26 public power member utilities across Washington state—has set new generation records five out of the past seven years.

Because the plant consistently surpassed generation records set first in 2012 (9.3 TWh), then in 2014 (9.5 TWh), and again in 2016 (9.6 TWh), the plant was a POWER magazine Top Plant in 2017. The plant won the award also due in part to an operations overhaul that began in 2009, when Columbia suffered a series of scrams that landed it on the Nuclear Regulatory Commission’s (NRC’s) radar, and led it to vastly improve its performance.

A Remarkable Cost of Power

The company said in a Jan.…

Another Coal-fired Plant Will Close in Wisconsin

December 4, 2017

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WEC Energy Group continues to move away from coal-fired power in its portfolio. The Milwaukee, Wisconsin-based utility in November gave WEC investors more details about the plan for Wisconsin Public Service (WPS), a WEC subsidiary, to close the Pulliam Power Plant in Green Bay, Wisconsin, as early as next fall.

WEC subsidiary We Energies last week said it will close its coal-fired Pleasant Prairie plant in the second quarter of 2018. WEC also in 2016 signed an agreement to replace coal units at the its Presque Isle plant in Michigan with natural gas-fired generation; Michigan regulators approved that plan in October of this year. That plant in Michigan’s Upper Peninsula is operated by WEC subsidiary Upper Michigan Energy Resources.

Plans for the Pulliam plant’s eventual closure were first announced in October 2016, according to Matt Cullen, a spokesman for WPS. The plant began service in 1927, and at one time had eight coal-fired generating units; it operates two today. The plant is located at the mouth of the Fox River in Green Bay.…

DOE Offers Another $3.7 Billion in Loan Guarantees for Vogtle Project

September 30, 2017

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Energy Secretary Rick Perry said in a statement that the “future of nuclear energy in the United States is bright” as his agency on September 29 announced another $ 3.7 billion in loan guarantees for continued construction of two new nuclear reactors at Plant Vogtle in Georgia.

The Department of Energy (DOE) has guaranteed another $ 1.67 billion to Georgia Power, $ 1.6 billion to Oglethorpe Power, and $ 415 million to three subsidiaries of the Municipal Electric Authority of Georgia. The money is in addition to $ 8.3 billion already guaranteed by the DOE to support construction of the two AP1000 reactors at the plant near Waynesboro, Georgia. The long-delayed project to add two new units to the two existing reactors at Vogtle has been plagued by construction problems and cost overruns; the current timeline to complete construction is now near the end of 2022. Analysts say the cost for the project will go well above $ 20 billion.…

Market Conditions Doom Another Nuclear Plant, Palisades, to Closure in 2018

December 8, 2016

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Entergy Corp. has decided to permanently close the Palisades nuclear power plant on October 1, 2018.

The news comes as a bit of a surprise, because Entergy had a power purchase agreement with Consumers Energy—Michigan’s largest utility and the principal subsidiary of CMS Energy—which committed the company to buying nearly all of the power generated at Palisades through April 2022.

Late last year, however, UBS utilities analyst Julien Dumoulin-Smith suggested that the contract appeared to be potentially break-even or under water. Terminating the deal early was presumably the best option for both companies.

In a press release, Entergy said Consumers’ customers would save as much as $ 172 million over four years, even after paying Entergy $ 172 million to terminate the contract. The early termination payment is expected to “help assure the plant’s transition from operations to decommissioning.”

The 798-MW plant located about five miles south of South Haven, Mich., faced economic difficulties similar to other single-unit facilities, such as the recently closed Fort Calhoun Plant, and the R.E.…