Exelon Generation plans to invest more than $300 million in capital projects to upgrade its nuclear power plants in Illinois as a result of sweeping clean energy legislation passed last month. Gov. J.B. Pritzker in mid-September signed Senate Bill (SB) 2408 to put Illinois on a path toward 100% renewable energy by 2050. The bill…
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Natural Gas to Prove Far More Resilient than Coal Amid Energy Transition, Raymond James Says
Demand for natural gas is likely to prove strong for several more years, and the fuel should maintain its market share in the electricity mix despite a transition to renewable sources of power such as wind and solar, Raymond James & Associates Inc. analysts said. “We believe that gas-fired generation has room to grow on…
Another Carbon-Neutral LNG Deal Signed in Asia — The Offtake
A roundup of news and commentary from NGI’s LNG Insight Japan’s Mitsui & Co. Ltd. has agreed for the first time to supply gas utility Hokkaido Gas Co. Ltd. with carbon-neutral LNG. The 64,000 million metric ton cargo is set to arrive later this month. The shipment will be offset with emissions credits and delivered…
Natural Gas-Fired Generation Increased Even as Covid-19 Hammered Demand
Even amid lower overall electricity consumption due to Covid-19 mitigation efforts, natural gas-fired power generation grew 55,000 GWh year/year through the first half of 2020, according to the Energy Information Administration (EIA). Comparing the first six months of 2019 to the first six months of 2020, natural gas was the fastest growing source of electric…
Ohio Speaker, Others Tied to Bribery Scheme for Nuclear Power Bailout Opposed by Natural Gas, Oil Industry
Ohio Speaker of the House Larry Householder was arrested Tuesday and charged in a federal racketeering conspiracy for his alleged role in helping to pass legislation last year to provide subsidies for two nuclear power plants operated by FirstEnergy Corp. subsidiaries. An 80-page criminal complaint filed by the U.S. Attorney’s Office for the Southern District…
Referendum Possible on Ohio Nuclear Subsidy Bill Threatening Natural Gas
The Ohio Supreme Court provided a glimmer of hope last week for opponents of state House Bill (HB) 6, which mandates $150 million in annual subsidies over seven years for two nuclear power plants in the state, and is therefore seen as a threat to natural gas-fired power generation.
Ohio Supreme Court Keeps Hope Alive for Opponents of Nuclear Subsidy Bill
The Ohio Supreme Court provided a glimmer of hope on Tuesday for opponents of state House Bill (HB) 6, which mandates $150 million in annual subsidies over seven years for two nuclear power plants in the state.
Massive Natural Gas-Fired Power Plant Moving Forward in Ohio
Construction of what would be one of Ohio’s largest natural gas-fired power plants has started in the heart of the Utica Shale, despite nuclear power subsidies set to take effect next year that have derailed other projects.
Natural Gas Industry Decries Passage of Ohio Nuclear Power Subsidies
Despite strong opposition from the natural gas industry, environmental groups and others, the Republican-controlled Ohio legislature on Tuesday passed a bill to subsidize two nuclear power plants operated by bankrupt subsidiaries of FirstEnergy Corp.
Nuclear Subsidies Nearing Reality in Ohio After Senate Passes Legislation
The Ohio Senate has passed a bill to prop up two nuclear power plants in the state operated by bankrupt subsidiaries of FirstEnergy Corp.