Abbie Bennett

New: TVA has had 272 more nuclear outage days so far than by this same point last FY, driving up fuel & purchased power costs and leading the federal power authority to lean on fossil fuels. 🔌💡
www.spglobal.com/market-intel...

YouTube video by GOP Oversight The New Atomic Age: Advancing America's Energy Future

Happening now: House Oversight subcommittee hearing, "The New Atomic Age: Advancing America's Energy Future." 🔌💡

www.youtube.com/watch?v=b7Oy...

Republican leadership in the North Carolina legislature will look to overturn several of Gov. Josh Stein's vetoes next week, including broad energy legislation. 🔌💡

www.spglobal.com/market-intel...

South Carolina public utility Santee Cooper has narrowed the list of candidates to restart its abandoned nuclear units at the V.C. Summer plant. 🔌💡

www.spglobal.com/market-intel...

The US Nuclear Regulatory Commission has accepted the TVA's construction permit application to build what could be the first utility-scale small modular nuclear reactor in the country. 🔌💡

www.spglobal.com/market-intel...

ICYMI: A nominee to the US Nuclear Regulatory Commission told senators that a member of DOGE has been assigned to the agency to oversee President Donald Trump's reform efforts at the independent agency. 🔌💡
www.spglobal.com/market-intel...

ICYMI: NY Gov. Kathy Hochul directed the NYPA to develop and construct an advanced nuclear plant to improve state grid reliability. It could be the first new nuclear facility in the state in decades. 🔌💡
www.spglobal.com/market-intel...

ICYMI: A Texas company co-founded by former US Energy Sec Rick Perry plans to build the "world's largest" advanced energy and AI campus, featuring four 1-GW nuclear reactors, gas generation and solar. 🔌💡
www.spglobal.com/market-intel...

Google has signed an agreement to purchase 200 MW from Commonwealth Fusion System's planned nuclear fusion power plant in Virginia, and is deepening its stake in the company. 🔌💡

www.spglobal.com/market-intel...

The US Energy Dept issued an emergency order to allow Duke Energy's Carolinas subsidiary to operate some power plants beyond permitted emissions limits to reduce the risk of outages during a heat wave across the Southeast this week. 🔌💡

www.spglobal.com/market-intel...

Clean energy trade groups and developers remain optimistic the Senate will soften House Republicans' aggressive phaseout approach to the Inflation Reduction Act's green energy tax incentives.

Meanwhile, major careveouts for nuclear incentives. 🔌💡

www.spglobal.com/market-intel...

US Energy Secretary Chris Wright urged the nuclear power industry to shift gears, become more aggressive and position the technology as a solution to accelerating electricity demand at NEI's policy forum this week.
🔌💡
www.spglobal.com/market-intel...

The Tennessee Valley Authority submitted a construction permit application for a small modular nuclear reactor to the US NRC for what could be the first utility-scale SMR in the US.

TVA's application is for the GE-Hitachi BWRX-300 design.
🔌💡
www.spglobal.com/market-intel...

The House Ways and Means Committee's budget reconciliation bill puts tax credits and other key benefits for nuclear power into question at a pivotal moment for the industry, nuclear advocates, developers and operators said. 🔌💡
www.spglobal.com/market-intel...

Advanced nuclear developer NuScale Power Corp. expects a "firm customer order" for its SMR technology in 2025.

"I just want to get one hard contract right now," President and CEO John Hopkins said. "One, to showcase to the world." 🔌💡

www.spglobal.com/market-intel...

Energy industry experts and finance executives are skeptical about new-build nuclear despite renewed interest in nuclear generation from utilities and large-load customers looking to build datacenters. 🔌💡 www.spglobal.com/market-intel...

Market volatility and policy swings driven by the Trump administration could chill power project financing, planning and execution, experts and industry participants said at the recent S&P Global Power Markets Conference. 🔌💡 www.spglobal.com/market-intel...

US utilities operated the largest commercial nuclear generation fleet in the world in 2024, with 94 nuclear reactors and a total capacity of nearly 97 GW. 🔌💡
www.spglobal.com/market-intel...

US senators from Tennessee Marsha Blackburn and Bill Hagerty urged the TVA to accelerate its small modular nuclear reactor project while criticizing the TVA board for slowing the project with "studies and hurdles that will bog it down." 🔌💡
www.spglobal.com/market-intel...

DOE has confirmed the $900M in funding for small modular reactors is available despite earlier uncertainty following federal funding freezes. A group led by TVA (including Duke and AEP) will reapply for $800M of those funds. 🔌💡 www.spglobal.com/market-intel...

Speaking of nuclear, at CERAWeek, a group of major tech and energy companies, banks, financial institutions and 31 countries pledged to support a goal of at least tripling global nuclear capacity by 2050. 🔌💡
www.spglobal.com/market-intel...

Worth noting on this one that NC utility regulators had already essentially given Duke the green light to stop modeling for the 30% carbon reduction by 2030 goal after the utility argued it wasn't a reasonable expectation.

Meanwhile, SC lawmakers are again taking up sweeping energy legislation after an earlier version died in committee last year to address what state leaders have repeatedly called an "energy crisis." This one also aims to boost nuclear power development. www.spglobal.com/market-intel... 🔌💡

NC lawmakers are quickly advancing a bill to overhaul 2021 energy legislation, including a mandate to cut carbon emissions 30% by 2030 and provide utilities like Duke flexibility to recover costs of ongoing construction projects such as nuclear plants. www.spglobal.com/market-intel... 🔌💡

Holtec has signed an agreement with an engineering and construction firm to build a fleet of small modular nuclear reactors, beginning with two units at its Palisades plant in Michigan. 🔌💡
www.spglobal.com/market-intel...

DOE Sec should work to advance TVA's small modular nuclear reactor project and partner with private high-temp reactor consortiums if he wants to help expand nuclear generation, according to a new @columbiaigp.bsky.social report. 🔌💡
www.spglobal.com/market-intel...

ICYMI: Entergy CEO said the utility is looking at "all forms of new nuclear" including the AP1000 to meet growing energy demand. 🔌💡
www.spglobal.com/market-intel...

The US power system has an avg utilization rate of 53%, meaning that at any given time, half of our generation & transmission infrastructure is typically unused. 🔌💡

Nuclear power will see a significant resurgence in 2025 as energy demands grow globally, but challenges remain to its expansion, according to @iea.org Executive Director Fatih Birol. 🔌💡
www.spglobal.com/market-intel...

ICYMI: Tennessee Gov. Bill Lee proposed $72M for nuclear initiatives and is advocating for TVA's SMR project at Clinch River. 🔌💡
www.spglobal.com/market-intel...