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The U.S. Department of Energy (DOE) has invoked emergency authority to compel Puerto Rico’s public utility to dispatch mothballed oil-fired and fossil-fueled power units, citing an imminent threat to grid […]
The post DOE Orders Fossil Units Online After Puerto Rico Blackouts, Citing Dispatchable Capacity Need appeared first on POWER Magazine.
The U.S. Securities and Exchange Commission (SEC) announced on March 27 that it will no longer defend its controversial rules requiring companies to disclose climate-related risks, greenhouse gas (GHG) emissions, […]
The post SEC Ends Defense of Climate Disclosure Rules, Citing Cost and Intrusiveness appeared first on POWER Magazine.
SCANA Corp. and Santee Cooper have ceased construction of Units 2 and 3 at the V.C. Summer Nuclear Station in South Carolina.
The project owners said the decision, prompted by analysis of detailed schedule and cost data, would save customers nearly $ 7 billion. The project, which was about 64% complete, has been in limbo since key contractor Westinghouse filed for bankruptcy in March.
The decision comes just days after Westinghouse’s parent company Toshiba agreed to pay the two project owners nearly $ 2.2 billion to cap its liabilities from the unfinished nuclear project. Toshiba reached a similar $ 3.7 billion agreement with Southern Co. in June as it seeks to limit its liabilities from the Vogtle project. Both AP1000 nuclear projects are years behind schedule and billions of dollars over budget.
Construction continues at the two Vogtle AP1000 units in Georgia. A project owner, Georgia Power, on July 28 told POWER that it expects to complete the cost-to-complete and schedule assessment by the end of August.…