Legislation has been introduced in Pennsylvania to support nuclear power plants that face stiff competition from natural gas in the wholesale markets by requiring electric distribution companies and suppliers to purchase credits from the facilities.
Articles from Nuclear
Trade associations representing the oil and gas industry are urging the U.S. Supreme Court to find that state subsidies used to prop up uneconomic nuclear power plants are unfair because they interfere with FERC’s exclusive authority over wholesale rates in the energy market.
Pennsylvania lawmakers are circulating memos in both the state House and Senate seeking sponsors for legislation that would better support the state’s five nuclear power plants as the facilities continue to face stiff competition from other generation sources such as natural gas.
The Electric Power Suppliers Association (EPSA), which overwhelmingly represents independent natural gas-fired electricity generators across the country, has petitioned the U.S. Supreme Court to hear its challenge against subsidies for nuclear power plants in New York and Illinois.
A bipartisan group of Pennsylvania lawmakers has advanced recommendations for supporting five nuclear power plants in the state that face stiff competition in wholesale electricity markets, setting the stage for a continued battle with the natural gas industry and other interests opposed to any kind of government intervention.
A coterie of independent U.S. natural gas-fired electricity generators urged FERC on Thursday to weigh the “potential for enormous damage” to competitive wholesale markets when the Commission decides on state subsidies for nuclear and renewable energy facilities.
Senate Democrats took aim at FERC nominee Bernard McNamee over his involvement in crafting a controversial Department of Energy (DOE) proposal to subsidize coal and nuclear power, but the energy sector attorney pledged to serve as an “independent arbiter” of grid resiliency and reliability issues that come before the Federal Energy Regulatory Commission.
Pushing back against a Department of Energy (DOE) plan to bail out less competitive coal and nuclear power generators, oil and natural gas trade groups on Wednesday defended the pipeline industry’s cybersecurity efforts.
Now that four courts in Illinois and New York have upheld subsidies for nuclear power plants, representatives of the natural gas interests battling them are looking to FERC for a prescription to counter the state programs and their effects on wholesale electricity markets.
When the Oyster Creek nuclear reactor shutters its doors for the last time on Monday, it will be the first of nine nuclear facilities set to retire in the next five years, setting the stage for U.S. natural gas demand to grow by as much as 1.64 Bcf/d.