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

PG&E Asks for Court Backing on Power Costs

LCG, Nov. 9, 2000--Pacific Gas & Electric Co. said yesterday it had asked the federal district court in San Francisco for a declaration that it has the right to recover more than $3 billion in uncollected power costs.

PG&E said it was "continuing to work" with the California Public Utilities Commission and the Federal Energy Regulatory Commission to find a way out of the state's wholesale electricity market problems, but wanted court assurance that it could get back money it paid for power it was obliged to deliver to its customers.

Roger Peters, senior vice president and PG&E general counsel, summed the matter up:

"We were told to sell our power plants, ordered to buy all our power to serve our customers from the Power Exchange, ordered to accept all costs from the Independent System Operator, and ordered toallow any customer to switch back and forth between utilities and other energy service providers," Peters said.

"We do not make any 'mark-up' or profit on the cost of wholesale power. In fact, we have taken every step the state would allow to try to keep power costs down," he continued. "It may seem attractive, to some, to say that these costs now should not be included in customer rates, but it is a direct violation of law."

The company said it is also asking FERC to provide regulatory relief from the "unjust and unreasonable" power prices charged by the independent power generators, including price caps for future sales, as well as refunds of any unreasonable prices.

PG&E said it will present a rate stabilization plan in November, to take effect at the end of its temporary rate freeze, to allow collection of unrecovered electricity costs over time while also protecting its customers from price spikes.

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