Natural Gas Markets Driven by Regional Factors Compared to Crude Oil: EIA

Natural gas markets have a tendency to react to regional factors while crude oil markets respond swiftly and most times drastically to world events, according to a April 29 report from the U.S. Energy Information Administration. The correlation of daily price movements across the West Texas Intermediate, or WTI, and Brent are typically above 0.90....

U.S. Petroleum Consumption Hits Record Low Amid COVID-19 Economic Crisis: EIA

U.S. petroleum consumption dropped to its lowest level in nearly three decades due to the travel restrictions in place to curb the spread of COVID-19, as well as the economic downturn resulting from the pandemic, according to an April 23 report from the Energy Information Administration. The U.S. demand averaged 14.1 million barrels per day...

U.S. Energy Department Unveils Strategy to Restore Nuclear Energy Leadership

The U.S. Energy Department on April 23 released a report by the Nuclear Fuel Working Group, which outlines a strategy for the U.S. to regain its global leadership in nuclear energy and technology. The report recommends potential actions to enhance the positive attributes of nuclear power, restore the viability of the nuclear-fuel cycle, strengthen U.S....

New Jersey Proposes Rules for Solar Transition Incentive, Progresses Toward Successor Program

The New Jersey Board of Public Utilities on April 27 proposed to amend its solar energy rule and create a Transition Incentive Program to replace the Solar Renewable Energy Certificate, or SREC, initiative. The board ordered the closure of the SREC program effective April 30, declaring that the state has attained the milestone set by...

States, Environmental Groups Challenge FERC Order on PJM Capacity Market Rules

New Jersey and Maryland filed a lawsuit with the D.C. Circuit Court of Appeals, challenging the Federal Energy Regulatory Commission’s order directing PJM Interconnection LLC to extend the minimum offer price rule, or MOPR, to state-subsidized resources, according to an April 27 news release. Several states have criticized the move, citing its potential to harm...

New Mexico Regulators Delay Decision on Solar Projects Planned to Replace Coal-Fired Capacity

The New Mexico Public Regulation Commission on April 29 put off a decision on the Public Service Company of New Mexico’s plan for two solar-plus-battery projects to partially replace the generation from the San Juan Generating Station scheduled for retirement by 2022. In a March 27 recommended decision, hearing examiners suggested that the commission approve...