SNL Energy presents the most read stories for the week ended June 2.
1. Analysts: Fate of Three Mile Island nuke up to Pa. lawmakers
Exelon Corp. put the future of its Three Mile Island nuclear plant in the hands of Pennsylvania lawmakers. The operator of America's most infamous nuclear plant announced May 30 a retirement date of Sept. 30, 2019, for the 829-MW single-unit reactor in Dauphin County, Pa., after it failed last week for the fourth consecutive time to clear PJM Interconnection's annual capacity auction.
2. FirstEnergy calls PJM results 'unsustainable' to support baseload generation
Despite the vast majority of its competitive generation capacity clearing the recent PJM Interconnection capacity auction, FirstEnergy Corp. is moving forward with plans to exit the merchant business. FirstEnergy disclosed in a May 31 filing with the SEC that nearly 10,000 MW of unregulated generation, including all of its nuclear capacity, cleared PJM's 2020/2021 Base Residual Auction.
3. Trump: US getting out of Paris climate accord but open to 'new deal'
President Donald Trump vowed June 1 to pull the U.S. out of the Paris Agreement on climate change but said he is willing to renegotiate the country's commitments to the agreement or seek a "new deal." The president made the announcement from the White House rose garden, with U.S. Environmental Protection Agency Administrator Scott Pruitt and other administration officials in attendance.
3. Pipeline applications to be among top priorities of reconstructed FERC
The Federal Energy Regulatory Commission has never had to operate without a quorum before this year, and the commission will likely remain shorthanded for months more before it regains the minimum number of commissioners to vote. The reconstituted commission will face a massive amount of business that has been accumulating during the downtime, and observers said the unprecedented rush will dictate the FERC agenda for months.
5. Report: Trump adviser says natural gas 'such a cleaner fuel' than coal
A top adviser to President Donald Trump talked up abundant natural gas, solar and wind but seemed less inspired by coal when speaking to press at a U.S. military facility in Italy on May 25. According to a White House pool report, Gary Cohn, director of Trump's National Economic Council, said on May 25 he predicts a "fairly robust discussion" on climate change as world leaders gather at the G7 Summit in Italy.