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Tag: zec

Keep nuclear generation at current levels, says Pennsylvania climate plan

September 29, 2021, 7:00AMANS Nuclear Cafe

The 2021 Pennsylvania Climate Action Plan recommends 18 “strategies” for realizing Gov. Tom Wolf’s goal of an 80 percent reduction in the state’s greenhouse gas emissions (from 2005 levels) by 2050. Two of the strategies are for the electricity-generation sector: (1) maintain operation at Pennsylvania’s nuclear power plants through at least 2050, and (2) achieve a 100 percent carbon-free grid by 2050.

In addition to focusing on electric power generation, the plan includes strategies for other major carbon-emitting sectors in the fossil fuel–heavy state, including transportation, industry, agriculture, and residential and commercial buildings. For each strategy, emission reductions, costs, and benefits in jobs and economic growth are quantified and health and social benefits analyzed.

Coalition: N.Y. should add non-renewables program to clean energy standard

August 24, 2021, 7:09AMNuclear News

A coalition of power companies and labor unions has filed a petition with the New York Public Service Commission (PSC), calling for a new program or tier under the state’s clean energy standard to encourage the development of zero-emission dispatchable energy systems.

PSEG to sell fossil fuel assets in pursuit of decarbonization

August 16, 2021, 6:59AMNuclear News
Hope Creek nuclear power station.

In the latest step toward its recently stated goal of achieving net-zero carbon emissions by 2030, Newark, N.J.–based Public Service Enterprise Group, owner of the Hope Creek and Salem nuclear plants, has entered into an agreement to sell its 6,750-MW fossil generating portfolio to newly formed subsidiaries of ArcLight Energy Partners Fund VII—a fund controlled by ArcLight Capital Partners. (ArcLight Capital is a Boston-based private equity firm, founded in 2001 and focused on energy infrastructure investments.) The $1.92 billion deal, announced by PSEG on August 12, is expected to be completed late in the fourth quarter of 2021 or the first quarter of 2022.

N.J. Supreme Court rejects nuclear subsidy appeal

July 21, 2021, 3:00PMNuclear News
The Salem nuclear power plant. (Photo: Peretzp)

In the latest legal action over the New Jersey Board of Public Utilities’ (BPU) April 2019 order providing subsidies to the Hope Creek and Salem nuclear plants, the state’s Supreme Court has declined to hear an appeal.

PSEG quickens pace to net zero

June 29, 2021, 3:00PMNuclear News
The Hope Creek nuclear power plant

New Jersey’s Public Service Enterprise Group has announced its intention to achieve net-zero emissions by 2030, shaving two decades off its previously announced target date of 2050. PSEG is owner of the Hope Creek nuclear plant and is co-owner, with Exelon, of the Salem plant.

Exelon on governor’s plan to save Byron, Dresden: “not adequate”

May 10, 2021, 7:03AMANS Nuclear Cafe
The Byron nuclear power plant

Illinois governor J. B. Pritzker’s proposal to subsidize the state’s Byron and Dresden nuclear plants, introduced in legislative form last week, falls short, Exelon Corporation President and Chief Executive Officer Chris Crane said on May 5 during the company’s first-quarter earnings call.

“From what we’ve heard, it’s open to negotiation, but just going from the street analyst opinion and what we’ve seen, its starting point is not adequate to keep the plants’ continued operations going,” Crane stated.

Extension of subsidies for Hope Creek/Salem approved

April 28, 2021, 3:02PMNuclear News
The Hope Creek nuclear power plant. Photo: Peretzp

New Jersey’s Board of Public Utilities (BPU) yesterday voted unanimously to extend, for an additional three years, the zero emission certificate (ZEC) program benefitting the state’s two operating nuclear power plants, Hope Creek and Salem. The two facilities produce more than 90 percent of New Jersey’s carbon-free electricity and about 40 percent of its overall power.

PSEG pursues ZEC extensions for Hope Creek, Salem

October 6, 2020, 7:00AMNuclear News

New Jersey–based Public Service Enterprise Group (PSEG) has filed applications to extend zero-emission certificates (ZEC) for its Hope Creek and Salem nuclear power plants, co-located in Hancocks Bridge, N.J. Hope Creek is home to one 1,237-MWe boiling water reactor, while Salem houses two pressurized water reactors, with Unit 1 rated at 1,169-MWe and Unit 2 at 1,181-MWe.

According to an October 1 announcement from PSEG, Hope Creek and Salem deliver more than 90 percent of all of New Jersey’s carbon-free energy and are essential to the state’s ability to achieve its goal of a 100 percent carbon-free energy supply by 2050, as outlined in the state’s Energy Master Plan.

More: An addendum to PSEG’s announcement, with information and documentation in support of the ZEC applications, can be found here.

2019 - A Wish List in Nuclear Energy

January 10, 2019, 3:54PMANS Nuclear CafeWill Davis

Welcome to 2019!  I hope everyone who took a break enjoyed it. For those who didn't, why didn't you?  Initially, I had thoughts of trying to separate from social media and news to a significant extent during the holidays but, after conversations with Linda Zec (our wonderful ANS staff liaison for the Social Media Team, among many other things) decided that it was impractical to do so for a variety of reasons.  So, as the holiday furor ebbed and flowed and I continued, still connected, to read news and year-end summations, I found myself wishing that there wouldn't be so much frustrating news in 2019.  That's why I decided to open my eighth calendar year writing for the ANS Nuclear Cafe with a wish list, or "listicle" in the inside jargon, if you prefer.  Here, in ascending order of importance (or, I suppose, increasing order of unlikelihood) are my five wishes for this new year in nuclear energy.  (All on one screen; no annoying "next" buttons.  You're welcome.)