New Hampshire Approves Bill to Adopt Revised Regional Carbon Market Rules

The New Hampshire legislature passed a measure on May 8 amending regulations governing the state’s participation in the Regional Greenhouse Gas Initiative, or RGGI, to be consistent with the program’s updated model rule adopted in December 2017. The nine-state compact established the nation’s first mandatory emissions trading program. The bill revises the statewide budget allowance,…

U.S. Produces Record Amount of Energy From All Sources Except Coal: EIA

The United States produced a record amount of energy from various sources in 2018, reaching 96 quadrillion British thermal units, 8 percent higher than in the previous year, according to the Energy Information Administration’s latest Monthly Energy Review. While fossil fuels like crude oil and natural gas saw increases of 17 and 12 percent respectively…

California Utilities’ Renewable Generation Reached 40 Percent of Total Procurement in 2018: PUC Report

California’s large investor-owned utilities procured about 38 percent of their total generation from renewable resources, which accounted for nearly 42 percent of their total generation costs in 2018, according to a May 8 report from the California Public Utilities Commission. Wind and solar dominated utility power contracts, with the average prices for contracts dropping to…

Tucson Electric Joins Western Power Market, Expects $13 Million in Annual Savings

Tucson Electric Power Company entered into an agreement to join the Western Energy Imbalance Market from April 2022, according to a May 8 news release from the California Independent System Operator Corporation. Tucson estimates the participation to result in about $13 million in annual energy cost savings for its customers by expanding real-time access to…

Texas Likely to Face Energy Emergency Alerts This Summer as Power Demand Soars: ERCOT

The Electric Reliability Council of Texas on May 8 released its seasonal assessment report for the upcoming summer, which forecasts a peak demand of about 74,850 megawatts, which is 1,300 megawatts higher than the all-time record set last July. The grid operator identified a potential need for an energy emergency alert status, in order to…