Tag: Plan

How to Plan a Successful Energy Construction Project

November 13, 2020
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The post How to Plan a Successful Energy Construction Project appeared first on POWER Magazine.

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These Ten Steps May Help Power Companies Avoid Headaches, Delays, Higher Costs, and Legal Complications

Jacqueline Greenberg Vogt, Esq. and Robert C. Epstein, Esq.

The International Energy Agency projects the rapid growth of renewables, with solar at the center of this new constellation of electricity generation technologies. Hydropower remains the largest renewable source of electricity, but solar is the main driver of growth as it sets new records for deployment each year after 2022, followed by onshore and offshore wind.

Construction projects in the U.S. and throughout the world will be necessary as the pace of change in the electricity sector puts an additional premium on robust grids and other sources of flexibility. Storage plays an increasingly vital role in ensuring the flexible operation of power systems, with India becoming the largest market for utility-scale battery storage, and new construction projects are necessary to support that growth.…

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Canada Plan to Store Nuclear Waste near Lake Huron Draws U.S. Ire

December 10, 2019
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The post Canada Plan to Store Nuclear Waste near Lake Huron Draws U.S. Ire appeared first on POWER Magazine.

A group of U.S. lawmakers has asked Canadian Prime Minister Justin Trudeau to reconsider that country’s proposed plan to store its nuclear waste at a site near Lake Huron, northeast of Detroit, Michigan.

The site, at Huron-Konloss/South Bruce, in Bruce County, Ontario, is one of two communities chosen by the Nuclear Waste Management Organization (NWMO), which consists of Canada’s nuclear power generating companies and includes Ontario Power Generation, New Brunswick Power Corp., and Hydro-Quebec. The NWMO was established by Canada’s parliament in 2002, and is responsible for designing and implementing the country’s plan for the long-term management of used nuclear fuel.

Bruce County is home to Ontario Power Generation’s Bruce Nuclear Generation Station, the country’s largest nuclear power plant with more than 6 GW of generation capacity. The station, known as Bruce Power, has eight reactors, the most of any operating nuclear station worldwide.…

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Plan to Build New 1-GW Plant in Rhode Island Officially Dead

November 18, 2019
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The post Plan to Build New 1-GW Plant in Rhode Island Officially Dead appeared first on POWER Magazine.

A project to build a 1-GW gas-fired power plant in Rhode Island has officially ended, after developer Invenergy took no action to appeal the project’s rejection by state regulators, who earlier this year voted unanimously against the plant’s construction.

Invenergy had until Nov. 15 to challenge the formal denial of a construction license for the project by state officials. The state’s Energy Facilities Siting Board (EFSB) issued that denial on Nov. 5, after the EFSB in June had voted against permitting the project.

The siting board in its denial detailed changes in the regional energy market that factored into its decision to reject the plant’s construction, including that wholesale energy prices in New England have fallen even as coal and nuclear generation has been retired. It cited the growth of energy efficiency programs, lessening power demand, and said solar farms and several offshore wind power projects will provide new regional power generation.…

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PG&E Seeking $14 Billion in Restructuring Plan

September 6, 2019
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The post PG&E Seeking $ 14 Billion in Restructuring Plan appeared first on POWER Magazine.

Pacific Gas & Electric (PG&E) reportedly will soon file a restructuring plan that includes more than $ 14 billion in equity commitments, as the utility looks to recover from billions of dollars in liabilities tied to its role in California wildfires that caused the company to file the largest utility bankruptcy in U.S. history.

Bloomberg on September 5 reported that PG&E’s plan, due to be filed September 9, will use a combination of debt and equity to cover the claims from wildfires that state officials determined were caused by the utility’s equipment. PG&E has not provided an estimate for those claims, though Bloomberg reported that the company has assurances from financial groups that it could raise as much as $ 40 billion in debt and equity to cover the wildfire claims and other bankruptcy-related costs.

The report said PG&E’s plan will commit to settling fire claims, continuing current power purchase agreements (PPAs), and exiting bankruptcy without increasing electricity rates.…

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Ohio Lawmakers Announce Plan to Subsidize Nuclear Plants

April 15, 2019
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Ohio lawmakers on April 12 announced a plan to provide financial support to the state’s two nuclear power plants by adding a surcharge to customers’ electric bills. The bill’s supporters said it also would generate as much as $ 300 million annually for clean power generation in Ohio, though the measure calls for abolishing mandates for renewable energy.

House Speaker Larry Householder (R), leader of the state’s Republican-controlled House that is backing the bill, said the proposal—called the Ohio Clean Air Program (OCAP) —would do more than save the nuclear plants. About half the money raised by the surcharge would go to Davis-Besse nuclear plant near Toledo and the Perry plant near Cleveland.

The nuclear plants are scheduled to close by 2021 unless operator FirstEnergy Solutions (FES) can find a buyer for the plants or financial relief to keep them open. FES sought bankruptcy protection in March 2018, just after the company notified regional transmission organization (RTO) PJM Interconnection that it would close four uneconomic nuclear units—a total of 4 GW, including the two Ohio plants—in the RTO’s footprint.…

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