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Tag: Keep

California Governor Has Plan to Keep Diablo Canyon Nuclear Plant Open

August 15, 2022
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California Gov. Gavin Newsom has proposed a plan that would keep the Diablo Canyon nuclear power plant open into 2035, a decade beyond the facility’s current closure date.

The proposal, which in part includes giving plant owner Pacific Gas & Electric (PG&E) a forgivable $ 1.4-billion loan, was included in a draft legislative package sent to state lawmakers late on Aug. 11. The bill has not yet been introduced in the state legislature. The current legislative session ends Aug. 31, though Newsom could call for a special session beyond that date to consider the plan.

The proposal was confirmed by Newsom spokesman Anthony York, according to Associated Press. The news service reported the bill “says impacts of climate change are occurring sooner than anticipated and are simultaneously driving up electrical demand while reducing power supplies.”

“The governor has been clear for months about the potential need to extend the life of Diablo Canyon,” York said. The spokesman said the governor has stressed the importance of all energy options to maintain a reliable power supply, and “this proposal reflects the continued need to keep that flexibility.”…

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UK PM Boris Johnson Makes a Big Promise on Nuclear Energy. Can He Keep it?

March 26, 2022
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Note to Readers For the latest news on nuclear energy issues in Ukraine sign up to receive the newsletter of the American Nuclear Society Rapid Response Taskforce It has updates on the status of nuclear facilities impacted by the Russian invasion of Ukraine. Also, the International Atomic Energy Agency at iaea.org is publishing periodic bulletins. UK PM Johnson Makes..
Energy Central…

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Renewables’ Share of U.S. Power Will Keep Upward Trajectory

January 19, 2022
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Renewable energy’s share of U.S. power generation continues to rise, and the percentage of electricity produced by burning natural gas and coal continues to fall, according to the latest “Short-Term Energy Outlook,” or STEO, from the U.S. Energy Information Administration (EIA).

The EIA on Jan. 18 said it expects U.S. power generation from renewables—mostly solar and wind, and not including hydropower—will grow to 17% of the nation’s total electricity output in 2023, up from 13% in 2021. The EIA forecasts the share of natural gas-fired power generation will fall to 34% by 2023, down from 37% this past year, with coal’s share declining to 22% next year, after producing 23% of the nation’s power in 2021.

Coal last year had its first year-over-year increase in U.S. power generation since 2014, as utilities burned more coal in the face of higher prices for natural gas.

The agency in the January edition of the STEO said, “one of the most significant shifts in the mix of U.S.…

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Vistra Backs Illinois Transition Measure to Keep At-Risk Coal Plants Online Through 2025

April 12, 2021
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The post Vistra Backs Illinois Transition Measure to Keep At-Risk Coal Plants Online Through 2025 appeared first on POWER Magazine.

Bleeding financially from underperforming and legally burdened coal generation in downstate Illinois and elsewhere, Vistra, the nation’s largest competitive generator, has renewed its call for passage of the Illinois Coal to Solar and Energy Storage Act, a bill that could help keep 2.2 GW of existing at-risk capacity online through 2025 while the state expands its renewable and storage capacity.  

The Irving, Texas–headquartered company said it renewed its support for the bill owing to “mounting financial and legal pressures that now come from operating coal plants.” The announcement came as the company accelerated the closure of the 1.2-GW Joppa Power Plant in September 2022—three years earlier than previously disclosed—to settle a complaint related to pollution exceedances in Illinois. 

Vistra’s Heavily Burdened Coal Fleet 

The Joppa plant, which opened in 1953, has six coal units with a combined capacity of 1 GW, as well as five natural gas units with a combined capacity of 239 MW.…

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Dominion Reaches Deal to Keep Millstone Nuclear Plant Open

March 18, 2019
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Dominion Energy has reached an agreement with utilities in Connecticut to keep the Millstone Power Station, the state’s only nuclear power plant, in service for at least another decade.

Dominion announced the deal March 15, the deadline the company had to tell ISO New England, the regional grid operator, whether it would retire the two reactors at the 2,088-MW plant.

The Millstone station produces about half the electricity in Connecticut. Analysts have said it also accounts for 98% of the state’s carbon-free power, and its operation is seen as key for the state to meet its carbon reduction goals.

“This is a huge win for Connecticut, the region, and our colleagues at Millstone,” Paul Koonce, president and chief executive of Dominion’s Power Generation Group, said in a statement. “Not only does this preserve the vast majority of Connecticut’s carbon-free electricity, it preserves good jobs for the 1,500 women and men who work at Millstone and keeps 4,000 other residents employed.”

Dominion, headquartered in Richmond, Virginia, has for years said that the Millstone station is no longer economic to operate.…

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Groups Reach Deal to Keep New Mexico Coal Plant Open

February 25, 2019
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A private New York-based real estate investment company that focuses on North American energy projects has reached an agreement with officials in Farmington, New Mexico, to keep the coal-fired San Juan Generating Station open beyond 2022.

The city is part-owner of the 847-MW plant, and the other owners—which include Tucson Electric Power, Los Alamos County, and Utah Associated Municipal Power Systems, along with majority owner Public Service Company of New Mexico (PNM)—have said they do not plan to receive power from the SJGS after 2022. The agreement with Acme Equities LLC, a hedge fund founded by Jason Selch in 2012, was reached late February 23, according to a news release from the city.

Farmington officials have worked to find a new operator for the plant after PNM in 2017 said it would close the plant’s two remaining units in 2022, 30 years ahead of schedule. According to a plant fact sheet, PNM owns 46% of the SJGS.

Several California-owned utilities formerly owned some of the plant’s generation, but they ended their ownership agreements in 2017 after 2015 legislation in California required them to divest from coal-fired generation.…

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