news Archives https://www.powermag.com/tag/news/ The power industry's trusted source for generation technology, O&M, and legal & regulatory news for coal, gas, nuclear, hydro, wind & solar power plants; power jobs Mon, 17 Mar 2025 22:29:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.powermag.com/wp-content/uploads/2020/11/cropped-p-power-32x32.jpg news Archives https://www.powermag.com/tag/news/ 32 32 Trump Administration Backs $1.52B Loan for Palisades Nuclear Restart https://www.powermag.com/trump-administration-backs-1-52b-loan-for-palisades-nuclear-restart/ https://www.powermag.com/trump-administration-backs-1-52b-loan-for-palisades-nuclear-restart/#respond Mon, 17 Mar 2025 22:29:03 +0000 https://www.powermag.com/?p=230936 The Trump administration has released a second loan disbursement of $56.8 million to Holtec International as part of an up to $1.52 billion loan guarantee for the restart of the 800-MW Palisades Nuclear Plant in Michigan. The funding, a key step in reviving the shuttered facility, reinforces a loan guarantee initially issued under the Biden […]

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In September 2024, the Department of Energy finalized a $1.52 billion loan guarantee to Holtec Palisades LLC to support the restoration and recommissioning of the 800-MW Palisades Nuclear Plant in Covert Township, Michigan. Originally shut down in May 2022, the plant is set to return to service and operate until at least 2051, pending U.S. Nuclear Regulatory Commission approvals. It could mark the first-ever recommissioning of a retired nuclear power plant in U.S. history. Source: DOE

]]> https://www.powermag.com/trump-administration-backs-1-52b-loan-for-palisades-nuclear-restart/feed/ 0 Texas A&M Launches SMR ‘Energy Proving Ground’ with Selection of Four Nuclear Firms https://www.powermag.com/texas-am-launches-smr-energy-proving-ground-with-selection-of-four-nuclear-firms/ https://www.powermag.com/texas-am-launches-smr-energy-proving-ground-with-selection-of-four-nuclear-firms/#respond Tue, 04 Feb 2025 22:48:21 +0000 https://www.powermag.com/?p=228809 Texas A&M University System has unveiled four nuclear developers with which it plans to explore building and operating small modular reactor plants (SMRs) at its Texas A&M-RELLIS campus near College Station. The project—dubbed “The Energy Proving Ground”—is part of a state-supported initiative to deploy operational advanced reactors in Texas within the next five to seven […]

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Artist’s rendering of Texas A&M’s ‘Energy Proving Ground’ at the RELLIS Campus, where four selected nuclear developers will advance SMR technology and testing. Courtesy: TAMU

]]> https://www.powermag.com/texas-am-launches-smr-energy-proving-ground-with-selection-of-four-nuclear-firms/feed/ 0 Zeldin Takes the Helm at Trump’s EPA Amid Industry Pressure for Regulatory Rollbacks https://www.powermag.com/zeldin-takes-the-helm-at-trumps-epa-amid-industry-pressure-for-regulatory-rollbacks/ https://www.powermag.com/zeldin-takes-the-helm-at-trumps-epa-amid-industry-pressure-for-regulatory-rollbacks/#respond Thu, 30 Jan 2025 18:00:01 +0000 https://www.powermag.com/?p=228503 Lee Zeldin has been sworn in as the U.S. Environmental Protection Agency’s (EPA’s) 17th administrator, inheriting an agency that the power industry sees as increasingly central to the future of U.S. energy policy, grid reliability, and regulatory uncertainty. At his confirmation hearing on Jan. 16, Zeldin, a former congressman from New York’s First District with […]

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]]> https://www.powermag.com/zeldin-takes-the-helm-at-trumps-epa-amid-industry-pressure-for-regulatory-rollbacks/feed/ 0 Talen, PJM Reach Agreement to Keep 2 GW of Coal, Oil Generation Online for Reliability in Maryland https://www.powermag.com/talen-pjm-reach-agreement-to-keep-2-gw-of-coal-oil-generation-online-for-reliability-in-maryland/ https://www.powermag.com/talen-pjm-reach-agreement-to-keep-2-gw-of-coal-oil-generation-online-for-reliability-in-maryland/#respond Wed, 29 Jan 2025 22:55:59 +0000 https://www.powermag.com/?p=228419 Talen Energy has reached an agreement with PJM Interconnection, the Maryland Public Service Commission, Maryland electric utilities, consumer representatives, and the Sierra Club to extend operations at its 1.3-GW coal-fired Brandon Shores power plant and 774-MW oil-fired H.A. Wagner units until May 31, 2029, under a reliability-must-run (RMR) contract. If approved by the Federal Energy […]

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Brandon Shores Power Plant: Talen's 1.3-GW coal-fired plant near Baltimore, Maryland, includes Unit 1 (completed in 1984) and Unit 2 (1991). The company planned to retire the facility by mid-2025 due to regulatory and economic challenges. Courtesy: Talen

]]> https://www.powermag.com/talen-pjm-reach-agreement-to-keep-2-gw-of-coal-oil-generation-online-for-reliability-in-maryland/feed/ 0 PJM, Facing Capacity Shortage as Early as 2026/2027 Delivery Year, Agrees to Lower Auction Price Cap https://www.powermag.com/pjm-facing-capacity-shortage-as-early-as-2026-2027-delivery-year-agrees-to-lower-auction-price-cap/ https://www.powermag.com/pjm-facing-capacity-shortage-as-early-as-2026-2027-delivery-year-agrees-to-lower-auction-price-cap/#respond Wed, 29 Jan 2025 20:45:39 +0000 https://www.powermag.com/?p=228402 PJM Interconnection and Pennsylvania Governor Josh Shapiro have settled a lawsuit over PJM’s capacity market pricing, agreeing to lower the grid operator’s auction price cap from over $500/MW-day to $325/MW-day. The move comes as PJM acknowledges a capacity shortage could affect its system as early as the 2026/2027 delivery year. The agreement announced on Jan. […]

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]]> https://www.powermag.com/pjm-facing-capacity-shortage-as-early-as-2026-2027-delivery-year-agrees-to-lower-auction-price-cap/feed/ 0 NextEra Eyes Restart of Shuttered Nuclear Plant, Partners with GE Vernova on Gas Power Expansion https://www.powermag.com/nextera-eyes-restart-of-shuttered-nuclear-plant-partners-with-ge-vernova-on-gas-power-expansion/ https://www.powermag.com/nextera-eyes-restart-of-shuttered-nuclear-plant-partners-with-ge-vernova-on-gas-power-expansion/#respond Fri, 24 Jan 2025 18:47:19 +0000 https://www.powermag.com/?p=228150 Facing a projected surge in power demand across the country, NextEra Energy is taking steps to potentially restart its shuttered 615-MW Duane Arnold nuclear plant in Iowa as early as 2028, while also signing a new partnership with GE Vernova to develop natural gas generation projects that could be paired with renewable energy and storage. […]

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The Duane Arnold Energy Center, Iowa’s only nuclear power plant, began commercial operation in February 1975. Located in Palo, Iowa, about 9 miles northwest of Cedar Rapids, it was built in a low-seismic-risk area near the Cedar River and designed to withstand major flooding. After a derecho in August 2020 caused severe damage to its cooling towers, the 615-MW facility was retired earlier than its planned date in 2025. Originally licensed to operate until 2034, the plant is now undergoing decommissioning under the NRC’s SAFSTOR method. Courtesy: NextEra Energy

]]> https://www.powermag.com/nextera-eyes-restart-of-shuttered-nuclear-plant-partners-with-ge-vernova-on-gas-power-expansion/feed/ 0 TVA Taps Bechtel, Sargent & Lundy, and GE Hitachi for Clinch River SMR Nuclear Project https://www.powermag.com/tva-taps-bechtel-sargent-lundy-and-ge-hitachi-for-clinch-river-smr-nuclear-project/ https://www.powermag.com/tva-taps-bechtel-sargent-lundy-and-ge-hitachi-for-clinch-river-smr-nuclear-project/#respond Thu, 23 Jan 2025 21:06:40 +0000 https://www.powermag.com/?p=228101 The Tennessee Valley Authority (TVA) has selected Bechtel, Sargent & Lundy, and GE Hitachi to spearhead the initial planning and design phases for a potential BWRX-300 small modular reactor (SMR) at its Clinch River Nuclear site in Oak Ridge, Tennessee. The collaboration, announced on Jan. 23, will leverage an innovative contracting model designed to streamline […]

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TVA’s Watts Bar Nuclear Plant is located on 1,700 acres on the northern end of the Chickamauga Reservoir near Spring City, in East Tennessee. Each unit has a capacity of about 1,150 MW of electricity. Source: TVA

]]> https://www.powermag.com/tva-taps-bechtel-sargent-lundy-and-ge-hitachi-for-clinch-river-smr-nuclear-project/feed/ 0 Nuclear-Gas Synergy: Oklo and RPower Unveil Phased Model to Address Data Center Power Demands https://www.powermag.com/nuclear-gas-synergy-oklo-and-rpower-unveil-phased-model-to-address-data-center-power-demands/ https://www.powermag.com/nuclear-gas-synergy-oklo-and-rpower-unveil-phased-model-to-address-data-center-power-demands/#respond Fri, 17 Jan 2025 13:37:20 +0000 https://www.powermag.com/?p=227907 Advanced nuclear technology firm Oklo is partnering with Texas-based prime and backup solutions company RPower to roll out an innovative “phased energy model” that will combine natural gas and nuclear to offer a scalable and sustainable turnkey solution for data centers. The companies on Jan. 17 said they signed a memorandum of understanding (MOU) to […]

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]]> https://www.powermag.com/nuclear-gas-synergy-oklo-and-rpower-unveil-phased-model-to-address-data-center-power-demands/feed/ 0 Sweden Begins Construction on World’s Second Deep Geological Repository for Spent Nuclear Fuel https://www.powermag.com/sweden-begins-construction-on-worlds-second-deep-geological-repository-for-spent-nuclear-fuel/ https://www.powermag.com/sweden-begins-construction-on-worlds-second-deep-geological-repository-for-spent-nuclear-fuel/#respond Thu, 16 Jan 2025 19:10:42 +0000 https://www.powermag.com/?p=227881 Sweden has broken ground on its final repository for spent nuclear fuel (SNF)—a milestone reached after 40 years of research and development—making it the world’s second deep geological repository (DGR) now under construction. Svensk Kärnbränslehantering AB (SKB), a nuclear fuel and waste management company owned by Sweden’s nuclear operators, officially announced the start of construction […]

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]]> https://www.powermag.com/sweden-begins-construction-on-worlds-second-deep-geological-repository-for-spent-nuclear-fuel/feed/ 0 Constellation Moves to Acquire Calpine in $16.4B Deal, Forming Competitive Generation Goliath https://www.powermag.com/constellation-moves-to-acquire-calpine-in-16-4b-deal-forming-competitive-generation-goliath/ https://www.powermag.com/constellation-moves-to-acquire-calpine-in-16-4b-deal-forming-competitive-generation-goliath/#respond Fri, 10 Jan 2025 13:41:35 +0000 https://www.powermag.com/?p=227679 Competitive generation giant Constellation has agreed to acquire Calpine Corp. in a $16.4 billion deal that is set to create the largest producer of clean and reliable energy in the U.S. with an asset portfolio of more than 60 GW. The definitive agreement, announced on Jan. 10, includes a cash and stock transaction valued at […]

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Constellation-CalpineMap

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