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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

Entergy to Contest AmerGen for Vermont Yankee

LCG, Nov. 29, 2000--Entergy Corp. has asked the Vermont Public Service Board to entertain a new bid for the 510 megawatt Vermont Yankee nuclear power plant, despite a prior agreement that would allow AmerGen Energy Co. to purchase the facility.

Rob Williams, a spokesman for Vermont Yankee Power Corp. which operates the plant, said his company couldn't act "in good faith" on any Entergy offer because "We have a signed agreement with AmerGen."

Entergy Nuclear said in a letter late Monday it had been following the Vermont Yankee hearing "with great interest" and want to make an improved offer over its bid which lost out to AmerGen's $23.5 million offer in October 1999.

When Entergy and AmerGen began buying used nuclear power plants they could be had for the value of fuel on hand, but the recent acquisition by Entergy of the Indian Point 3 and FitzPatrick plants from the New York Power Authority has raised the ante.

AmerGen saw Entergy's most recent move coming and last week more than tripled its offer for Vermont Yankee to more than $93 million. The Public Service Board, which has not yet ratified AmerGen's deal with Vermont Yankee Power corp., said it wanted only to get the best deal for the people of Vermont.

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