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

AEP Unit Planning to Sell Generation Assets

LCG, December 17, 2002-American Electric Power (AEP) unit Central Power and Light (CPL) has filed to sell all of its energy generation assets in order to retain stranded costs.

The company has filed with the Texas Public Utilities Commission, stating its plans to sell off all of $1.9 billion in electricity generating assets in preparation for stranded cost recovery. The company says that the sale will help in determining exactly how much its assets are overvalued in its books as compared to market price. CPL intends to seek stranded cost recovery in 2004.

CPL's assets include 4,241 megawatts of capacity, and shares of AEP have already risen a small amount due to the announcement.

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