Pilgrim Nuclear Power Station prepares for refueling outage Pilgrim Nuclear Power Station began reducing power Sunday morning in preparation for a temporary refueling outage, a spokesman for the Plymouth facility said in a statement. During the outage, more than 800 temporary workers will assist the plant’s 620 full-time employees in inspecting, upgrading, and replacing hundreds … Continue reading #Pilgrim Nuclear Power Station prepares for #refueling outage→
ISO-NE proposes two-part capacity auctions to handle subsidized generation The ISO-New England proposal aims to provide a market-based solution to the integration of subsidized generation resources in wholesale power markets. Across the nation, subsidized resources — typically renewables and nuclear plants — are pushing down wholesale power market prices, reducing revenue for generators and stoking … Continue reading ISO-NE proposes two-part capacity auctions to handle subsidized generation→
Brace for electricity rate increases Higher “capacity” prices are likely to push retail electricity rates upward starting in July, the Office of Consumer Counsel said this week. Rate increases could continue for the next two years, before starting to subside in mid-2019, OCC said. New England’s grid operator, ISO-New England, pays power plants that promise … Continue reading Brace for electricity rate increases→
Connecticut bill would protect Millstone nuke by classifying it as a renewable resource Nuclear power plants have been struggling to compete with low-cost natural gas generation in wholesale markets, leading a number of plants to retire in recent years. In some states nuclear plant operators have been fighting back by seeking special treatment for their … Continue reading #Connecticut bill would protect #Millstone nuke by classifying it as a renewable resource→
What’s The Future Of Connecticut’s Only Nuclear Plant? A bill that could change the way Connecticut’s only nuclear power plant sells its energy is taking shape at the state capitol. Officials at Millstone Power Station are asking legislators to let them sell electricity directly to utilities. As commodities go, electricity is unique. It’s generated, shot … Continue reading What’s The Future Of #Connecticut’s Only Nuclear Plant?→
Wholesale electricity prices fell 29% last year New England paid less for electricity on the wholesale level last year than any time in the last 13 years thanks to a warm winter, a reduction in power use and a glut of very cheap natural gas. New England’s wholesale electricity prices in 2016 were the lowest … Continue reading Wholesale electricity prices fell 29% last year→
Prices plummet in ISO-NE capacity auction, raising questions about new generation plans New England’s grid operator easily procured the resources needed to ensure sufficient capacity from June 2020 through May 2021, a welcome change from just three years ago when the region came up short. But the auction results have some questioning if the grid … Continue reading Prices plummet in ISO-NE capacity auction, raising questions about new generation plans→
Invenergy plant in Burrillville fails to sell power to regional grid at auction Failure is a blow to the controversial power plant, now estimated at $1 billion. Invenergy maintains that the auction results will not affect its commitment to move forward. PROVIDENCE — Invenergy has failed to sell the second half of the power output … Continue reading #Invenergy plant in #Burrillville fails to sell power to regional grid at auction→
Dynegy acquires more power plants 3 months ahead of Brayton Point closure SOMERSET — There are no “alternative facts” but there are opposite views on the impacts of Dynegy Energy Inc. adding $3.3 billion in power plant acquisitions to its growing portfolio, while shelving Brayton Point. The Federal Energy Regulatory Commission on Feb. 2 accepted … Continue reading Dynegy acquires more power plants 3 months ahead of Brayton Point closure→
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