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  1. Entergy to close Michigan nuclear plant in 2018

    COVERT TOWNSHIP, Mich. (AP) — An energy company announced plans Thursday to permanently close the Palisades nuclear power plant in southwestern Michigan in 2018, which could mean hundreds of job cuts for a major employer in the region if regulators approve the closure. New Orleans-based Entergy Corp. and Michigan -based utility, Consumers Energy , said they've agreed to end a power purchase agreement for the plant that year. They said it will save Consumers' customers as much as $172 million from 2018 to 2022 and affect about 600 employees. The companies said less expensive alternatives now exist to provide power in the region as Consumers adds more renewable energy and natural gas-fired generation. If ending the purchase agreement is approved by regulators, Entergy said it plans to close the plant Oct. 1, 2018. An earlier agreement committed Consumers to purchase nearly all of the power that Palisades generates through April 2022. "We determined that a shutdown in 2018 is prudent when comparing the transaction to the business risks of continued operation," Leo Denault, Entergy's chairman and CEO, said in a statement. Entergy said it could offer new positions to up to 180 of the affected employees at the Palisades plant. Gov. Rick Snyder said he plans to direct the Michigan Agency for Energy, the Michigan Department of Treasury, Michigan Economic Development Corp. and others to help prepare the area for the possible shutdown. "We need to make sure we use the next two years to wisely plan the use of state and local resources to adapt to whatever decision is made," he said in a statement. Under Entergy's current plan, Palisades would be refueled as scheduled in the spring and operate through the end of the fuel cycle. As part of the agreement, Consumers Energy also will pay Entergy $172 million to end the power purchase agreement and help Entergy transition to decommissioning the plant. Entergy and the Consumers Energy Foundation plan to provide a total of $10 million over several years in economic development funding for southwestern Michigan as part of an effort to ease the economic effects of the closure. The plant is in Van Buren County's Covert Township, along Lake Michigan. It started generating electricity in 1971 and can produce enough power for more than 800,000 homes. Consumers Energy is part of Jackson-based CMS Energy Corp.

    Online Articles

    Online Articles

    Thu, 8 Dec 2016

  2. Nuclear Power: Energy company plans to close Michigan nuclear plant in 2018

    An energy company announced plans Thursday to permanently close the Palisades nuclear power plant in southwestern Michigan in 2018, which could mean hundreds of job cuts for a major employer in the region if regulators approve the closure.

    Online Articles

    Online Articles

    Fri, 9 Dec 2016

  3. TransAlta announces development work has begun on Brazeau pumped hydro project

    TransAlta Corp. has commenced development of a pumped hydro project at its existing Brazeau facility and expects to begin stakeholder consultations in the near future.

    Online Articles

    Online Articles

    Mon, 28 Nov 2016

  4. Entergy Louisiana Granted Approval for 980-MW Combined-Cycle Plant

    The facility will be a 980-MW, combined-cycle plant to be constructed in Montz, 30 miles from New Orleans.

    Online Articles

    Online Articles

    Fri, 18 Nov 2016

  1. Politicians slow to react to EU power reality - ETN

    Online Articles

    Online Articles

    Wed, 23 Nov 2016

  2. EIA: Gas -Fired Generation to Reach Record Level in 2016

    Natural gas-fired electricity generation in the United States is expected to reach record levels this year, according to a report issued today by the U.S. Energy Information Administration (EIA). 

    Online Articles

    Online Articles

    Thu, 14 Jul 2016

  3. Mexico's gas and power reforms create competitive investment markets

    After a decade of volatile GDP growth and steadily increasing gas and power demand, Mexico continues to progress toward an unbundling of the monopolies Pemex and CFE once held over its gas and power sectors, said Wood Mackenzie.  

    Online Articles

    Online Articles

    Thu, 3 Nov 2016

  4. Tampa Electric Wins Permit for Higher Natural Gas Use in Polk IGCC Unit

    The Florida Department of Environmental Protection on Oct. 5 approved air permitting that would allow Tampa Electric to sharply ramp up the amount of regular natural gas it fires in the Polk Power Station (PPS) Unit 1, which is an integrated gasification combined-cycle unit built in the 1990s that ...

    Online Articles

    Online Articles

    Mon, 31 Oct 2016

  5. Duke Energy spending to modernize power grid

    Duke making investments in Indiana, Ohio

    Online Articles

    Online Articles

    Mon, 7 Nov 2016

  6. High natural gas -fired generation leads to rare summer net national weekly storage draw

    Working natural gas storage inventories posted a rare summer net withdrawal of 6 billion cubic feet (Bcf) for the week ending July 29, 2016, according to EIA. Record-high consumption of natural gas for electric power generation drove this withdrawal.

    Online Articles

    Online Articles

    Mon, 8 Aug 2016

  7. EIA: 7,600 MW of Gas -Fired Generation Under Construction Near Major Shale Plays

    Nearly 19,000 MW of power generation fueled with natural gas is expected to be built and commissioned between 2016 and 2018, the U.S. Energy Information Administration said Thursday. 

    Online Articles

    Online Articles

    Thu, 19 May 2016

  8. Gas -fired generation down 14 percent year-to-year in October

    Year-to-date gas - fired generation continues to trail 2012 by 13 percent. It has lost considerable ground to coal-fired generation and weaker power demand

    Online Articles

    Online Articles

    Wed, 6 Nov 2013

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