Tag: than
PJM: More Than 3,600 MW Will Retire in 2018
Data from regional transmission organization (RTO) PJM Interconnection shows about 630 MW of power generation will be taken offline in the grid operator’s territory in April, with more than 3,600 MW scheduled to be retired this year, according to the organization’s website. This month’s deactivations are scheduled to begin April 16.
Last week, Ohio power company FirstEnergy said its competitive arm would close four uneconomic nuclear units in PJM with generation capacity of 4 GW by year-end 2021. Then over the weekend, FirstEnergy’s coal and nuclear generation divisions filed for Chapter 11 bankruptcy protection.
FirstEnergy Solutions (FES), FirstEnergy’s power plant subsidiary, on March 29 wrote a letter to Department of Energy (DOE) Secretary Rick Perry, asking Perry to “find that an emergency condition exists” in PJM, and wanting the grid operator to compensate coal and nuclear plants in the RTO for their “fuel security and diversity” benefits—akin to the outline of the DOE’s “Grid Resiliency Pricing Rule” proffered last fall that directed the Federal Energy Regulatory Commission (FERC) to require that independent system operators (ISOs) and RTOs “establish just and reasonable rates for wholesale electricity sales” for power plants that show “reliability and resiliency attributes.”…
Exelon Will Close Oyster Creek Nuclear Plant Earlier than Anticipated
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.…