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

Back to the Drawing Board for Salem Harbor Plant

LCG, July 13, 2004--The Federal Energy Regulatory Commission (FERC) issued an order last week for PG&E National Energy Group Inc. - the bankrupt owner of the Salem Harbor Power Plant - to work with ISO New England and others to develop a better plan to address the $85 million environmental cleanup of the plant. The FERC did not approve the plans that would have Eastern Massachusetts electric customers pay environmental cleanup costs.

If an agreement on a new plan that addresses the FERC's concerns is not delivered within 60 days, the FERC will order a full investigation to determine if the plan "may be unjust, unreasonable...or otherwise unlawful."

The Salem Harbor power station includes three coal-fired generating units totaling 313 MW, plus 450 MW oil-burning unit. PG&E has requested ISO New England officials to shut down the plant, given its lack of funds to pay for the environmental cleanup costs. However, from a system reliability perspective, ISO New England sees the plant as needed to avoid blackouts. "The ISO is pleased that the FERC recognizes that a reliability operating agreement for Salem Harbor will be needed until power system conditions improve in the Greater Boston area," said Ellen Foley, a spokeswoman for ISO New England.

Those interested in purchasing the plant from PG&E must address the uncertainties regarding who carries the $85 million cost for environmental clean-up, plus the potential impact of transmission upgrades that would effectively (a) increase the competition between Salem and other generating stations and (b) reduce its "reliability" value from ISO New England's perspective.

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