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Tag: Fleet

Colorado Utility Looking at Adding Nuclear Power to Fleet

February 23, 2025
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A volunteer advisory group told the utility that serves Colorado’s second-largest city that it should look at adding a small nuclear reactor for additional power generation.

The post Colorado Utility Looking at Adding Nuclear Power to Fleet appeared first on POWER Magazine.

Fig3-NuScale-small-modular-reactor-SMR

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India to Deploy a Fleet of 40-50 220 MW PHWRs

January 4, 2025
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India to Deploy a Fleet of 40-50 220 MW PHWRs Russia Reports Progress on MBIR Advanced Test Reactor Rosatom Begins Pilot Operation Of Brest-OD-300 Nuclear Fuel Facility Cost of BN-1200 Estimated At $ 4.53 Billion China Starts Commercial Reactor Based Isotope Production NANO Nuclear to Acquire Reactor Assets from Bankrupt Ultra Safe DOE to Offer $ 80 Million for HALEU R&D DOE..
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DOE Injects $430M to Revitalize, Modernize U.S. Hydropower Fleet

September 7, 2024
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The Department of Energy (DOE) has selected 293 hydroelectric projects across 33 states that will receive up to $ 430 million in incentive payments for capital improvements directly related to grid […]

The post DOE Injects $ 430M to Revitalize, Modernize U.S. Hydropower Fleet appeared first on POWER Magazine.

p-pelton-dam-arial

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IAEA: Aging Nuclear Fleet Warrants Reactor Life Extensions, Much More New Capacity

August 26, 2024
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While global nuclear power capacity has remained at a consistent level over the past decade, newly released data from the International Atomic Energy Agency (IAEA) suggests that more than two-thirds […]

The post IAEA: Aging Nuclear Fleet Warrants Reactor Life Extensions, Much More New Capacity appeared first on POWER Magazine.

Number of nuclear reactors by age (as of 1 January 2024). Source: IAEA

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Southern Will Close More than Half of Coal Fleet

November 9, 2021
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Southern Company, the third-largest power utility in the U.S., said it will close more than half its coal-fired power generation fleet over the next few years as the group moves toward a goal of net-zero carbon emissions by 2050.

Southern on Nov. 5 said the closures include units at the two largest U.S. coal plants, along with the previously announced retirement of Plant Daniel in Mississippi. Georgia Power, a Southern subsidiary, expects to retire about 3 GW of coal-fired generation in that state, including two of the four units at the 3,450-MW Plant Bowen and one at the 3,500-MW Plant Scherer, the nation’s largest coal plant.

The utility also said a closure would occur at the 1,840-MW Plant Wansley in Georgia.

Southern CEO Tom Fanning in a call Friday with Wall Street analysts said the latest cuts mean the company will have reduced its coal-fired generation capacity by 80% since 2007. Atlanta, Georgia-based Southern at one time operated 66 coal-fired generating units, with capacity of nearly 20,500 MW across the U.S.…

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PSEG Agrees to Sell 6.8-GW Fossil Fleet to ArcLight Capital

August 14, 2021
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The post PSEG Agrees to Sell 6.8-GW Fossil Fleet to ArcLight Capital appeared first on POWER Magazine.

Public Service Enterprise Group (PSEG) has agreed to sell its 6.8-MW portfolio of non-nuclear generating assets—a fleet of 13 gas plants—to a fund controlled by ArcLight Capital Partners LLC for about $ 1.92 billion. The sale, which effectively sets up its exit from the competitive generation business, is expected to be completed late in the fourth quarter of 2021 or the first quarter of 2022.
 
The divestiture revealed on Aug. 12 follows PSEG’s announcement in August 2020 that it would shed part of its merchant generation fleet to reduce overall business risk and earnings volatility; improve its corporate credit profile; and enhance its environmental, social, and governance (ESG) position. “Our intent is to accelerate the transformation of PSEG into a primarily regulated electric and gas utility—a plan we have been executing successfully for over a decade,” Ralph Izzo, PSEG chairman, president, and CEO, said in a statement at the time. 
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