The headlines should come somewhere between December and March 2012 when the Nuclear Regulatory Commission, if all goes as expected, will okay building up to four new nuclear reactors.
The licenses for two Westinghouse AP1000 reactors at Southern Co.’s Plant Vogtle in Georgia, followed quickly by two more at SCANA’s Summer station in South Carolina, will be the first granted since the 1970s. Keep reading →
It’s standard procedure for nuclear companies to submit annual rate recovery clauses to their local public service commissions. But for Progress Energy Florida–a subsidiary of Progress Energy that provides power to 1.6 million consumers in Florida–the process this year has been far from simple.
With two new projects in the pipeline, including a capacity increase for the Crystal River nuclear plant and construction of a new power plant of two reactors in Levy County, Progress Energy is requesting a rate recovery plan for an additional $141.1 million–$135 million for the new plant and $6.2 million for upgrades to the existing plant–company spokesperson Suzanne Grant told Breaking Energy. Keep reading →
Deal activity in the US power and utilities sector nearly doubled in the first six months of 2011 over the preceding year as companies spent $52 billion to acquire new capacity rather than build their own.
Companies are “buying growth versus building new capabilities from within,” US power and utilities transaction services leader John McConomy for accounting firm PwC said in announcing the latest figures from the North American Power Deals report for the second quarter of 2011. Keep reading →
US power and natural gas giant Duke Energy extended its 2011 rebound through the second quarter of the year, reporting increasing profit on robust revenue growth, particularly in its international operations.
Duke Energy reported a $441 million profit in the second quarter of 2011 and a nearly $1 billion profit for the first six months of the year at $941 million, up from a second-quarter loss in 2010 of $217 million and a first-half 2010 profit of only $228 million. Keep reading →
