U.S. Department of Energy Announces First Awards under Advanced Reactor Demonstration Program

LCG, October 16, 2020--The U.S. Department of Energy (DOE) this week announced it has selected two U.S.-based teams to receive $160 million in initial funding under the new Advanced Reactor Demonstration Program (ARDP).

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PSEG Files Application to Extend Zero Emission Certificates (ZECs) for New Jersey's Carbon-Free Nuclear Power Facilities

LCG, October 2, 2020--PSEG yesterday filed applications to extend Zero Emission Certificates (ZECs) for the Salem and Hope Creek nuclear power plants in Salem County in order to preserve New Jersey's largest carbon-free source of electricity and to help New Jersey achieve its clean energy goal of 100 percent carbon-free energy supply by 2050.

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Industry News

NRG to Buy 5,700 Megawatts Worth of Plants

LCG, Nov. 8, 2000--NRG Energy Inc. said yesterday it plans to buy a 5,691 megawatt portfolio of operating projects and projects in construction and advanced development from LS Power LLC for $658 million.

NRG said it is acquiring net ownership interests totaling 1,755 megawatts in four facilities in operation and construction. An additional two projects totaling 2,336 megawatts are expected to reach construction financial close early next year. The remaining four projects, totaling 1,600 megawatts, are in advanced development.

"This acquisition is expected to contribute to NRG's long-term earnings growth and expand ourUnited States generation portfolio," said David H. Peterson, NRG chairman and chief executive, in a statement.

The facilities are located in Illinois, Mississippi, Florida and Texas, which NRG says gives them access to the Chicago, New Orleans and Tampa, Florida electricity markets. All are natural gas-fired, combined-cycle designs, fueled through direct interconnection with multiple competing gas pipelines and are located in the electric transmission system.

NRG will also have the opportunity to acquire ownership interests in the next 3,000 MW of generation projects developed and offered for sale by LS Power and its partners.

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