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POWER Notebook: GE Plant in France, Targeted for Job Cuts, Will Not Close

June 5, 2019

The head of GE’s operations in France told a Paris newspaper that a French factory targeted for more than 1,000 job cuts will not close. GE last week said it wanted to make its operations in France more efficient and said changes would come at the Belfort plant in eastern France, which handles technology for GE Power’s hydro, gas, steam, and nuclear technology.

Bruno Le Maire, France’s economy minister, had said he would try to save jobs at the plant after GE’s announcement on May 28. Job cuts were expected to be negotiated with the plant’s labor unions. GE had said it could cut up to 1,044 jobs at Belfort, where it employs about 4,300 workers, including 1,900 in the gas power unit. GE had said 792 job cuts could come from that unit, with other positions eliminated in support divisions.

Hugh Bailey, general manager of GE in France, in an interview published June 2 in the Paris-based Le Journal du Dimanche, was quoted as saying, “I want to be clear, Belfort will not close.…

AEP Will Close Ohio Coal Plant Early

October 10, 2018

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American Electric Power (AEP) this week confirmed it will close its coal-fired Conesville Power Plant in Ohio earlier than originally planned. An AEP spokesperson in an email to media confirmed the plant’s workers were told October 5 that the plant will close by May 31, 2020.

AEP said Units 5 and 6 at the plant, which were originally scheduled to shut down in 2022, will likely close in May 2019. Unit 4 is scheduled to close in May 2020. Those three units began commercial operation between 1973 and 1978.

The first unit at the plant began operating in Coshocton County in 1957, with Unit 2 starting up in 1959, and Unit 3 in 1962. The plant celebrated its 60th anniversary last year. Those three units were decommissioned between 2005 and 2012.

The company said the decision to close the remaining units earlier than planned was made after the plant did not clear the PJM market capacity auction for 2021 to 2022, and only partly cleared the auction for 2020 to 2021.…

Duane Arnold Nuclear Plant Will Close in 2020

July 29, 2018

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NextEra Energy Resources, the wholesale power generating subsidiary of Florida-based NextEra Energy Inc., announced that it has struck a deal to shorten its power purchase agreement (PPA) with Alliant Energy and will retire the Duane Arnold Energy Center (DAEC)—a 615-MW nuclear power plant located in Palo, Iowa—before the end of 2020.

DAEC’s reactor is licensed with the U.S. Nuclear Regulatory Commission to operate until February 21, 2034, but it was expected to close in 2025 when the PPA with Alliant was originally slated to expire. If the agreement to cut five years from the term is approved by the Iowa Utilities Board, Alliant would pay NextEra $ 110 million in September 2020 as part of the buyout. Furthermore, NextEra would supply Alliant’s customers with wind energy from four of its repowered Iowa wind facilities—about 340 MW of combined capacity—under other PPAs. The transactions are expected to save customers nearly $ 300 million in energy costs, on a net present value basis, over 21 years, according to NextEra.…

FirstEnergy Suffers Steep Losses, Will Close Massive Coal Plant

February 21, 2018

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FirstEnergy Corp. bled $ 2.64 billion from its competitive businesses over 2017, financial losses exacerbated by marked declines in contract sales, higher operating expenses, and costs associated with asset impairment and plant exit.

The Akron, Ohio–based company, which in January received a $ 2.5 billion equity injection from four private investment groups to boost its transition to a fully regulated utility company, on February 20 reported full-year 2017 losses of $ 1.7 billion on revenues of $ 14 billion. In 2016, the company recorded losses of $ 6.2 billion on revenues of $ 14.6 billion.

The losses, though significant, are indicative of progress for the company, which has, since 2016, announced the sale or closure of 2,471 MW of competitive generation operated in Ohio, Pennsylvania, and Virginia.

Closure of a 1.3-GW Coal-Fired Power Plant

On February 16, FirstEnergy announced it had notified PJM Interconnection of a plan to deactivate its 1979-built Pleasants Power Station in Willow Island, West Virginia. The 1,300-MW plant will be sold or closed on January 1, 2019.…

Exelon Will Close Oyster Creek Nuclear Plant Earlier than Anticipated

February 3, 2018

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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.…

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.…