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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

California PUC Critical of Power Buying Agency Request

LCG, Dec. 19, 2002--The president of the California Public Utilities Commission (CPUC), Loretta Lynch, said this week that a request by the California Department of Water Resources (CDWR) for funds from the state's major utilities could include one billion dollars of "wholly unnecessary" charges.

The CPUC, which has no authority to adjust the requested $4.5 billion based on its assessment, found that PG&E should pay the CDWR nearly $2 billion, Southern California Edison around $1.9 billion, and San Diego Gas & Electric slightly above $640 million in 2003. The transfers are to repay the state for long-term purchase agreements made on behalf of the utilities when power sellers considered the utilities to lack creditworthiness.

Lynch said she hoped the size of the request would be trimmed, based on the planned end to the state's power purchases at the start of next year, which will put the utilities back in the business of purchasing it themselves. In response, Oscar Hidalgo, a spokesman for the CDWR, noted that uncertainty lingers about whether the transition will happen smoothly, and that the request allows for reserves. "There's nothing we'd like to do more than to lower our revenue requirement if the opportunity presents itself. We're not a profit-maker. We're trying to exit this business," Hidalgo said.

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