New Jersey Examines Resource Adequacy Alternatives to Advance Clean Energy Goals

The New Jersey Board of Public Utilities on March 27 opened a proceeding to examine whether the state can achieve its long-term clean energy and environmental goals under the current resource adequacy procurement paradigm. The commission will assess alternatives to the state participating in the regional capacity market administered by PJM Interconnection LLC as the...

FERC Approves Jordan Cove LNG Project Despite State Permit Denials

The Federal Energy Regulatory Commission on March 19 conditionally approved the Jordan Cove liquefied natural gas export project and the associated Pacific Connector pipeline in Oregon. The approval is conditioned on the project qualifying for state permits, but Oregon regulators have declined several key regulatory approvals. The LNG terminal would be located in Coos County,...

Virginia Commission Denies Dominion’s $750 Million Smart Meter Proposal Over Cost Concerns

The Virginia State Corporation Commission on March 26 rejected portions of Dominion Energy Inc.’s grid transformation plan including a $752 million proposal to deploy smart meters over the next decade. The agency found that Dominion failed to justify its smart meter proposal with a well-crafted plan including rate design that would maximize the potential for...

Oil Market Volatility Hits Record High Amid COVID-19 Economic Crisis: EIA

Since the beginning of this year, crude oil prices fell significantly in response to the economic contraction caused by the COVID-19 pandemic and the sudden crude oil glut after the Organization of the Petroleum Exporting Countries and partner countries suspended agreed production cuts. Daily price changes for the U.S. benchmark crude oil West Texas Intermediate...

COVID-19 Economic Stimulus Bill Lacks Aid for Renewable Energy Industry

U.S. President Donald Trump on March 27 signed into law the CARES Act, a $2.2 trillion economic stimulus package aimed to provide financial and emergency relief to alleviate the impact of the COVID-19 global pandemic. The rescue package does not include tax credit extensions and direct pay provisions that wind and solar groups sought as…