PSEG to sell fossil fuel assets in pursuit of decarbonization

August 16, 2021, 6:59AMNuclear News
Hope Creek nuclear power station.

In the latest step toward its recently stated goal of achieving net-zero carbon emissions by 2030, Newark, N.J.–based Public Service Enterprise Group, owner of the Hope Creek and Salem nuclear plants, has entered into an agreement to sell its 6,750-MW fossil generating portfolio to newly formed subsidiaries of ArcLight Energy Partners Fund VII—a fund controlled by ArcLight Capital Partners. (ArcLight Capital is a Boston-based private equity firm, founded in 2001 and focused on energy infrastructure investments.) The $1.92 billion deal, announced by PSEG on August 12, is expected to be completed late in the fourth quarter of 2021 or the first quarter of 2022.

Meredith Angwin: The electric grid and reliability

June 14, 2021, 1:25PMNuclear NewsRick Michal

In her career as a chemist, Meredith Angwin headed projects that lowered pollution and increased reliability on the electric grid. Her work included pollution control for nitrogen oxides in gas-­fired combustion turbines and corrosion control in geothermal and nuclear systems.

Angwin, an ANS member, was one of the first women to be a project manager at the Electric Power Research Institute, leading projects in nuclear energy and renewables.

In the past decade, Angwin began to study and take part in grid oversight and governance. For four years, she served on the Coordinating Committee for the Consumer Liaison Group associated with ISO New England, her local grid operator. It was during this time that she realized what a maze of confusion surrounded grid rules and grid management.

Shellenberger to Senate: Keep nuclear

March 18, 2021, 7:19AMANS Nuclear Cafe

Shellenberger

In testimony last Thursday before the Senate Committee on Energy and Natural Resources, Michael Shellenberger, founder and president of Environmental Progress, called for maintaining the current U.S. fleet of nuclear power reactors. He argued that the premature closure of nuclear plants threatens the reliability, resiliency, and affordability of the nation’s electricity supply, as well as its ability to reduce carbon emissions.

Without state or federal action, 12 reactors will close by 2025, resulting in the loss of 10.5 GW of “highly reliable, low-cost, and low-carbon power,” Shellenberger noted in his written statement. He added, “If those nuclear plants are lost, grids may suffer from energy shortages during future heat waves or cold snaps.”

Exelon to split into two companies

February 25, 2021, 6:58AMNuclear News

Exelon's Byron generating station in northern Illinois. The future of Byron is uncertain at this time and could impact the new power generation company, once it's formed.

Exelon Corporation announced yesterday that it intends to spin off Exelon Generation, its competitive power generation and customer-facing energy businesses, from Exelon Utilities, its group of six regulated electric and gas utilities.

The split into two publicly traded companies will “establish the nation’s largest fully regulated transmission and distribution utility company and the largest carbon-free power producer paired with the leading customer-facing platform for clean, sustainable energy solutions,” Exelon said in its February 24 announcement.

NNSA reportedly hacked as part of “extensive espionage operation”

December 18, 2020, 9:30AMNuclear News

In an exclusive story published yesterday, the news website Politico reports that networks of the National Nuclear Security Administration and other federal entities have been hacked “as part of an extensive espionage operation.”

Citing officials familiar with the matter, the story says that network breaches have been identified at the NNSA’s Office of Secure Transportation (which is responsible for the transport of government-owned special nuclear materials), Los Alamos National Laboratory, Sandia National Laboratories, the Department of Energy’s Richland Field Office, and the Federal Energy Regulatory Commission.

According to the story, the hackers are believed to have gained access to the networks “by compromising the software company SolarWinds, which sells IT management products to hundreds of government and private-sector clients.”

American Nuclear Society files FERC comments on Diablo Canyon’s early closure

November 16, 2020, 10:20AMPress Releases

La Grange Park, IL – The American Nuclear Society (ANS) has submitted comments to the Federal Energy Regulatory Commission (FERC) in favor of reconsidering the shortsighted decision to shutter prematurely California’s largest clean energy resource, Diablo Canyon nuclear power plant.

ANS filed the comments on Nov. 12 in favor of an Oct. 26 complaint by Californians for Green Nuclear Power against the regulatory approvals of the 2016 decision by Pacific Gas & Electric Co. to permanently shutter Diablo Canyon Units 1 and 2 in November 2024 and August 2025, respectively. The complaint (Docket No. EL21-13-000) asked FERC to investigate whether the decision shuttering Diablo Canyon violates grid reliability standards. ANS agrees with the complaint that FERC ought to consider fully the negative consequences and reliability risks posed by a premature retirement of Diablo Canyon.