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

FERC Approves Sierra Pacific-Portland General Combo

LCG, Nov. 22, 2000--The Federal Energy Regulatory Commission yesterday approved unanimously the application by Sierra pacific Resources Corp. to acquire Portland General Electric Co. from Enron Corp.

"FERC approval is a major milestone in Sierra Pacific's actions to acquire PGE," said Walter M. Higgins, chief executive. "This is a significant event for us, as well as for all of our customers, who will benefit from the efficiencies and combined success of merging our two companies."

Sierra Pacific said it has already obtained approval from the Oregon Public Utilities Commission and the U.S. Department of Justice. The only remaining approval must come from the U. S. Securities andExchange Commission, under the Public Utilities Holding Company Act. The transaction is expectedto close during the first quarter of next year.

In November 1999, Sierra Pacific announced its intent to acquire PGE, a utility serving about 720,000 electric customers in northwest Oregon.

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