RGGI Auction Clears at Record High Prices, Generates Over $183 Million

The 52nd quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold all of the nearly 23 million CO2 allowances offered. Permits were sold at a clearing price of $7.97, the highest price to date and a 4.87 percent increase from the previous auction held in…...

Connecticut Law Establishes Energy Storage Target of 1 Gigawatt by 2030

Connecticut Governor Ned Lamont, a Democrat, signed legislation on June 16, establishing a goal of deploying 1,000 megawatts of energy storage by Dec. 31, 2030. Connecticut is the eighth state to establish a storage deployment target, which will increase reliability and aid in the state’s pursuit of a zero carbon electric sector by 2040, a…...

Minnesota Commission Approves Xcel Energy’s $210 Million Wind Repower Portfolio

The Minnesota Public Utilities Commission on June 12 authorized a $210 million investment toward Xcel Energy Inc.’s wind repower portfolio. This investment is an effort to support Minnesota’s economic recovery from the COVID-19 pandemic and to reduce carbon emissions by displacing fossil energy sources. The repowering project, Northern Wind, is a build-operate-transfer proposal between the…...