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November 2, 2024

Company News

Dominion Energy
OSW, Data Centers Loom Large in Dominion’s Outlook
Dominion expects to start installing monopiles for the Coastal Virginia Offshore Wind project between May 6 and 8, CEO Robert Blue told analysts during the company’s first-quarter earnings call.
Duke Energy
NC Residents Criticize Duke’s Pace of Coal Retirements, Reliance on Gas in Carbon Plan
North Carolina residents called upon the Utilities Commission to address Duke Energy’s preferred carbon plan, criticizing its slow pace of coal plant retirements and increase in gas plants compared to other options.
Peretz Partensky, CC BY 2.0, via Wikimedia Commons
PSEG Sees New Market for Nuclear in AI, Data Centers
PSEG is looking to use excess capacity at its three South Jersey nuclear generators to provide clean energy for data centers and AI development projects, CEO Ralph LaRossa said in the company’s first-quarter earnings call.
DOE/NREL
DOE: AI Critical to US Clean Energy, Grid Modernization Goals
Streamlining and accelerating permitting is just one of the potential uses DOE envisions for AI to accelerate the U.S. power system’s transition to 100% clean energy and the modern, efficient, secure grid needed to reach that goal by 2035.
Constellation Energy
Constellation Increases Costs of Proposed Everett Agreements
Constellation is requesting an increase in the cost-of-operation charges in its proposed agreements with Massachusetts gas utilities to keep the Everett LNG import terminal operating through the winter of 2029/30.
© RTO Insider LLC
BNEF Summit: Oil, Gas Execs Argue for Key Role in Energy Transition
A series of presentations and panels at the BloombergNEF Summit provided a measure of the industry’s success in crafting a narrative based on a balanced and well-paced transition that includes cutting egregious emissions and scaling carbon capture and storage technologies. 
InvictaHOG, Public Domain, via Wikimedia Commons
Everett LNG Contracts Face Skepticism in DPU Proceedings
Proposed supply agreements between Constellation and Massachusetts gas utilities which would keep the Everett Marine Terminal operating through 2030 are facing pushback from environmental organizations and the Attorney General’s Office.
Ørsted
New England States’ OSW Procurement Receives 5,454 MW in Bids
The coordinated offshore wind procurements of Connecticut, Massachusetts and Rhode Island received a total of 5,454 MW in bids from four developers, falling short of the 6,000-MW solicitation cap.
Holtec International
LPO Announces $1.52B Loan to Restart Palisades Nuclear Plant
Michigan’s 800-MW Palisades nuclear power plant could become the first nuclear plant in the U.S. to be restarted, helped by a $1.52 billion loan from DOE’s Loan Programs Office.
Lithium Americas
LPO Announces $2.26B Loan to Nevada Lithium Processing Plant
With site preparation now complete, Lithium Americas is estimating a three-year construction period at Thacker Pass, with the mine and plant producing at full capacity in 2028.

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