Illinois House Speaker suggests changes to power industry
Madigan has filed a legislative resolution asking the Illinois Power Agency to determine whether to reverse part of a 1997 law and allow electric companies to run their own power-generating plants.
Under the law, Ameren Illinois and Commonwealth Edison stopped generating electricity and became power-delivery companies only. The power plants became separate, unregulated entities.
Ameren Illinois spokesman Leigh Morris said the utility has long believed the state should consider reintegration of power delivery and power generation.
However, Exelon Corp. spokeswoman Kathleen Cantillon said Exelon expects any study to determine competitive markets are the best value for Illinois consumers.
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Rolls-Royce expecting UK approval for mini nuclear reactor by mid-2024
LONDON - A Rolls-Royce (RR.L) design for a small modular nuclear reactor (SMR) will likely receive UK regulatory approval by mid-2024 and be able to produce grid power by 2029, Paul Stein, chairman of Rolls-Royce Small Modular Reactors.
The British government asked its nuclear regulator to start the approval process in March, having backed Rolls-Royce’s $546 million funding round in November to develop the country’s first SMR reactor.
Policymakers hope SMRs will help cut dependence on fossil fuels and lower carbon emissions.
Speaking to Reuters in an interview conducted virtually, Stein said the regulatory “process has been kicked off, and will likely be complete in the middle of…
