California Carbon Auction Rebounds, Generates $475 Million

California Carbon Auction Rebounds, Generates $475 Million

The twenty-fourth quarterly carbon auction held by California and Quebec sold nearly 89 percent of the carbon permits offered for current emissions, rebounding from a dip in the previous auction which sold only 37 percent, according to the results released on Aug. 25 by the California Air Resources Board. The auction generated about $474.4 million…...

100-Megawatt Solar Power Contract

Michigan Regulator Orders Utilities to File Distribution Plans to Advance Grid Modernization

The Michigan Public Service Commission on Aug. 20 ordered DTE Electric Co., Consumers Energy Co., and Indiana Michigan Power Co. to file electricity distribution and maintenance plans consistent with the goals set forth in MI Power Grid – Michigan’s grid modernization initiative.  MI Power Grid,  launched in October 2019 with support from Democratic Governor Gretchen…...