Adoption of rules establishing a funding structure for offshore wind renewable energy credits set the stage for New Jersey’s first offshore wind solicitation and established the market certainty needed for long-term investment in the industry, according to a Feb. 8 report by the New Jersey Board of Public Utilities, detailing the progress made towards the state’s…...
New York regulators have authorized a unit of Consolidated Edison Inc. to immediately implement a portfolio of demand-side solutions, in a bid to ease natural gas demand in the utility’s supply-constrained areas. The regulators said that the need to address surging gas consumption has taken special urgency following the utility’s announcement in January that it will stop enrolling new gas customers in the Westchester County region from March 15, in order to maintain reliability for existing customers and offer service to critical facilities.
The U.S. Bureau of Land Management state offices generated more than $1.1 billion of revenue from oil and gas lease sales during 2018, nearly thrice the previous record of $408 million set a decade ago, according to a Feb. 6 press release. The agency’s New Mexico office held 2018’s biggest lease sale in September, earning…...