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

Entergy, NYPA Close Sale of Indian Point 3, FitzPatrick

LCG, Nov. 22, 2000--Entergy Corp. and the New York Power Authority yesterday closed the sale ofNYPA's two nuclear power plants, Indian Point unit 3 in Buchanan, N.Y., and the James A. FitzPatrick plant near Oswego, N.Y. The two organizations announced the deal last March.

Entergy said in a statement that the acquisition is its largest yet in its nuclear growth program and, at $967 million, is the highest price yet paid for nuclear assets in the U.S.

Entergy Nuclear Northeast now has three plants to operate. Entergy purchased the Pilgrim NuclearStation at Plymouth, Mass., in July 1999 from Boston Edison Co. in the first sale in the U.S. of anuclear power plant in a competitive bidding process.

With Indian Point 3 wrapped up, Entergy will now pursue its acquisition of Indian Point 2 and the mothballed Unit 1 from Consolidated Edison Co. of New York, and hopes to close that transaction by next summer. Con Edison is replacing the steam generators in Indian Point 2 and hopes to have the plant running by the end of the year.

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