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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

Western Resources Units Ask for Rate Increases

LCG, Nov. 28, 2000--Kansas Power & Light Co. and Kansas Gas & Electric Co., the electric utility units of Western Resources Inc., yesterday asked the Kansas Corporation Commission for permission to increase rates to cover rising operating and maintenance expenditures and investment in new plant and equipment.

KP&L's typical residential customers would see an increase of about $9.25 on their monthly bills. The company said it would be the first rate hike in 17 years. The average KG&E residential electric customer would see an increase of approximately $6.50 per month to their bills.

David C. Wittig, chief executive of Western Resources, said "We are always sensitive to the rates our customers pay. We strive to balance their desire for the lowest possible prices and our commitment to provide safe, reliable electric service." But he noted that the electric companies have had to invest in new power plants to keep up with growth.

The major components of the rate filings include, in the order presented by Western Resources, new generation and depreciation, retiree medical benefits, tax and interest adjustments, operations and maintenance and numerous other items and fuel costs.

Fuel costs seem to be the big thing. Wittig said "Our efforts enabled us to stave off rate increase requests as long as we have, but these measures aren't enough to offset more than a 100 percent rise in natural gas fuel prices that has occurred this year and general inflationary costs the companies have incurred since their last rate review."

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