Blog

Get Market News

Get weekly email updates on market factors like supply, demand, and regulatory affairs. Subscribe now

Get Started with ENGIE

ENGIE Resources is ready to analyze your historical energy usage data and present appropriate options. Get started now

Become a Broker or Consultant

Complete our Brokers & Consultants Inquiry Form. Learn more

RGGI Saves Pittsburgh Nuclear Plant

March 16, 2020

The 1,872 MW Beaver Valley nuclear power plant near Pittsburgh will stay open. Energy Harbor Corp, formerly FirstEnergy Solutions, made the announcement last week in response to the State’s move to join the Regional Greenhouse Gas Initiative (RGGI). RGGI requires fossil fuel power plants in participating states to pay a fee for carbon emissions.

Two years ago, FirstEnergy Solutions cited economics when it announced plans to close the plant. RGGI’s most recent auction had carbon allowances at $5.65 per ton. A study by Resources for the Future claims a carbon price of $3 to $4 per ton is enough to make the state’s nuclear plants competitive.

Read More: