Florida Regulator Authorizes Duke Energy to Recover $170 Million in Storm Restoration Costs

The Florida Public Service Commission approved an interim storm restoration recovery surcharge allowing Duke Energy Florida LLC to recover costs related to Hurricane Dorian and Tropical Storm Nestor, which occurred in 2019. The utility reported costs of $171.3 million, including interest. Monthly bills for residential 1,000 kilowatt-hour customers will increase by $5.34 from March 2020…

Minnesota Regulators Clear Environmental Review for Enbridge’s $2.9 Billion Oil Pipeline

The Minnesota Public Utilities Commission on Feb. 3 determined that a court-ordered revised environmental review of Enbridge Inc.’s Line 3 pipeline project is adequate. The agency also approved and re-issued the certificate of need and route permit for the project, which has been delayed for a year due to opposition from environmental groups and permitting…

New England Forward Capacity Auction Clears at Record-Low Prices

The ISO New England Inc.’s annual forward capacity auction closed at a clearing price of $2.00 per kilowatt-month, the lowest in the auction’s history, according to a Feb. 5 news release. The closing price was about 47 percent lower than the last year’s auction, which valued capacity at $3.80 per kilowatt-month. The primary auction received…

Hydropower Garners Attention as States Race for Carbon-Free Grid

Hydropower is moving to the forefront of clean energy and climate policy debates as a growing number of U.S. states are setting targets to achieve zero-carbon power. About half a dozen state-level laws were enacted last year to establish 100 percent clean energy transition, showing how the nation’s decade-long renewable push is ramping up. Hydroelectricity…