When it comes to energy and politics, the United States is not what it appears. Deregulation of the power markets is one example. Some regions of the nation have developed robust power markets. Others regions do not and they don’t want it.
The regionalization of the power markets means there is no such thing as a national grid. According to The ISO/RTO Council, the United States has seven formalized power markets and vast regions where no markets exist at all. Approximately two-thirds of US consumers are served by the seven deregulated power markets. The objective of these markets is to provide buyers and sellers price discovery, liquidity, and non-discriminatory access to wholesale power. Keep reading →
Chairman of the Nuclear Regulatory Commission (NRC) Gregory Jaczko listens to his introduction before he delivers remarks at the Regulatory Information Conference on March 13, 2012 in Rockville, Maryland.The long-expected federal decision giving SCANA a license to build two new nuclear reactors in South Carolina came along with news that project has already encountered delays and cost overruns.
The Nuclear Regulatory Commission approved the license for SCANA’s Summer station near Columbia, SC on Friday, seven weeks after approving a similar license for Southern Company’s Vogtle station near August, Georgia. The vote was again 4-1, with Chairman Gregory Jaczko again dissenting over the commission’s decision not to attach a specific provision requiring compliance with future post-Fukushima requirements. Keep reading →
This file picture taken on February 28, 2012 shows workers walking at the emergency operation center of the stricken Tokyo Electric Power Co (TEPCO) Fukushima Daiichi nuclear power plant in Okuma, Fukushima prefecture.
At the first anniversary of the March 11, 2011 Fukushima Daiichi nuclear accident, the nuclear industry outside Japan and central Europe is largely continuing as before the accident, says a World Energy Council report. Keep reading →
The first new nuclear plants to be licensed in the US since 1978 will be under a financial and operational microscope as investors, regulators and customers watch for any delay that could add to costs or impact the planned start date.
The nuclear energy industry’s leadership gathered in New York City today for a briefing of financial analysts, but their timing had extra weight as the Nuclear Regulatory Commission met in the afternoon and approved Southern Company’s Vogtle plant project in Georgia in a four to one vote as the first new build nuclear facility in the US in more than 30 years. Keep reading →