Two nuclear power plants pressing Ohio lawmakers for bailouts may actually be among the most profitable single reactors in the U.S., according to a report sponsored by an oil and natural gas trade group. The costs of running FirstEnergy Solutions’s Davis Besse and Perry plants are almost 25% below the industry average for single-reactor sites, making them some of the best performers in the U.S., a report by Paul Sotkiewicz, former chief economist for the largest U.S. power grid operator, showed. The plants are averaging $28 million and $44 million a year in net profits, respectively, and out-of-market aid would only increase that, said Sotkiewicz, whose analysis was sponsored by the American Petroleum Institute
Bloomberg 28th May 2019 read more »
The Ohio House of Representatives passed a bill on Wednesday that could cost power consumers about $190 million per year to save the state’s two nuclear power reactors from early retirement.
Reuters 29th May 2019 read more »
Dallas To Cut Electricity Costs With New Renewable Energy Contract. The City of Dallas has entered into a new electricity contract with TXU Energy to power all city facilities with wind and solar energy for 10 years. The city will initially draw power and renewable energy credits from the Foard City Wind Farm in west Texas. TXU Energy has also agreed to source some or all the city’s power from future renewable energy assets developed in north Texas, if possible, at no additional charge. The contract also provides $1.5 million for energy-related projects and $300,000 for community programming.
Wind Power 28th May 2019 read more »