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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

German Courts Uphold Injunction Against E.On Takeover

LCG, December 17, 2002-German judiciaries continue to block E.On's takeover of Ruhrgas.

E.On, Europe's second largest utility, tried to purchase the German gas company Ruhrgas earlier this year, but various other energy companies complained that the takeover is unlawful and would limit competition.

The Dusseldorf state court ruled this August that the sale had procedural flaws. Today, despite the German Economics Ministry revision of the deal, the court ruled to uphold the injunction blocking the takeover. A final ruling is due in February regarding whether or not the sale will be allowed to continue.

E.On has said it will continue to pursue the takeover with all resources available, noting that the acquisition would secure German gas supply.

Competitors to E.On believe the conditions of the sale are too permissive, and they worry that foreign competition will be forced out of Germany.

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