Nuclear Power
Pennsylvania senators waded into the debate over subsidizing the state’s nuclear fleet, questioning owners’ need for a legislative solution.
Critics of a bill to subsidize Pennsylvania’s failing nuclear fleet advised state lawmakers to put the brakes on the proposal, saying it would distort the deregulated energy markets.
Having met its current carbon reduction goal ahead of schedule, Entergy now plans to further slash emissions over the next decade.
Pennsylvania lawmakers proposed another $500 million plan to subsidize the state’s nuclear industry and fought back against critics of providing support.
Despite record-high capacity factors and reduced operating costs, the U.S. nuclear power industry is threatened by federal and state policies and an "increasingly distorted" energy market, NEI CEO Maria Korsnick said.
It’s been nearly 3 weeks since Pa. lawmakers proposed a $500 million plan to subsidize the state’s nuclear fleet, and hearings on the issue are weeks away.
Unsound rules for calculating default market seller offer caps and other persistent structural flaws made PJM’s capacity market uncompetitive in 2018, the RTO’s Monitor said.
Merchant generators’ Hail Mary pass for a U.S. Supreme Court review of Illinois and New York nuclear subsidies has won support from PJM’s Independent Market Monitor and others.
With two months to go before Exelon says it will pull the plug on Three Mile Island, Pennsylvania lawmakers unveiled legislation to spend $500 million annually to subsidize the state’s nuclear fleet.
Pennsylvania lawmakers may create a new tier within the state’s alternative energy program for nuclear power, according to a draft proposal leaked Monday.
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