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Industry News 2008 P1



NRC approves power uprate for Hope Creek Nuclear Plant
PSEG Nuclear said the Nuclear Regulatory Commission approved a 15 percent uprate to its Hope Creek nuclear plant in New Jersey.

Energy companies fear renewables bubble
One-half of the world's energy leaders are concerned that a bubble may be developing in the renewable technology sector, according to a survey released yeserday by KPMG International.

NERC projects reliable electricity throughout the summer
The outlook for electricity reliability for the coming summer season is generally good according to the North American Electric Reliability Corporation in its annual 2008 Summer Reliability Assessment.

UK nuclear industry cautions against foreign ownership
The chairman of the UK Nuclear Industry Association said today that sale of the government's share in nuclear generator British Energy to French state-owned firm EDF would be "undesirable", but insisted that the industry should embrace nuclear technologies developed and approved abroad.

Wind can supply 20 per cent of US power, says DOE
The Energy Department said yesterday that the United States has the ability to meet 20 per cent of its electricity-generation needs with wind by 2030, enough to displace 50 per cent of natural gas consumption and 18 per cent of coal consumption.

Nuclear chief to head Russia's energy ministry
Russian Prime Minister Vladimir Putin has picked Sergei Shmatko, head of a company that builds nuclear reactors worldwide, including for Iran, as the new energy minister, in a move that could lend more emphasis to atomic power.

British Energy not to be sold to one bidder
The UK has ruled out selling its stake in British Energy to a lone bidder, despite the auction for the owner of Britain's nuclear reactors drumming up interest only from France's EDF by last Friday's deadline.

PPL, Schering-Plough to develop 1.7 MW solar installation
PPL Renewable Energy said it plans to design, construct and operate a 1.7 MW solar system for Schering-Plough Corp. When completed, the project will reportedly be the largest rooftop solar installation in the United States to date.

China may boost power capacity 40 per cent by end-2010
China, the world's second-biggest energy consuming nation, may increase power-generating capacity by 40 per cent in three years as demand of electricity rises.

European power firms at risk of being underinsured, warns Marsh
The combination of rising demand and insured costs in Europe's electricity sector could risk leaving power utilities firms underinsured Marsh, the world's leading insurance broker and risk adviser, warned the industry.

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