Petroleum accounted for 37 percent of total energy consumed in the U.S. last year, with motor gasoline representing nearly half the petroleum products consumed, according to a June 22 report from the U.S. Energy Information Administration. The U.S. consumes more petroleum than it produces, with the remainder supplied by imports and domestic stock inventories saved…...
Democratic Governor Phil Murphy on June 16 announced plans to develop an offshore wind port on an artificial island along the Delaware River. The 200-acre New Jersey Wind Port would provide a location for staging, assembly, and manufacturing activities for projects planned along the East Coast. The $300 to $400 million green infrastructure project positions…...
The Federal Energy Regulatory Commission on June 18 approved the New England grid operator’s Inventoried Energy Program to compensate resources that provide fuel security during the winters of 2023-2024 and 2024-2025. The commission found that the program is a reasonable short-term solution that will help address winter energy security in light of the misaligned incentives…...
Xcel Energy Inc. on June 17 filed a plan with the Minnesota Public Utilities Commission to invest almost $3 billion in accelerated and incremental projects in an effort to help the state’s economy recover from the slowdown caused by the COVID-19 pandemic. The proposal follows the commission’s request for information from electric and gas utilities…...