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

French Okay Endesa Interest in Power Firm Snet

LCG, Nov. 21, 2000--Endesa, Spain's largest electric utility, said yesterday the French government has approved its plans to acquire a 30 percent interest in French power producer Socit Nationale d'Electricit et de Termique.

Snet is the second largest French electricity company by installed capacity, owning 5 coal plants with 2,600 megawatts total capacity -- a drop in the bucket compared to Electricit de France, which itself owns 19 percent of Snet. The balance of Snet is owned by government-run Charbonnages de France, a coal mining and industrial firm.

Yesterday, Endesa signed an agreement with Charbonnages to acquire a 30 percent stake in Snet, with an option to increase its ownership "in the medium term."

Most of Snet's power output is sold to EdF, with a small amount being sold to business customers. Endesa said it expects to increase the proportion of industrial and commercial sales in the future.

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