The Michigan Public Service Commission on Nov. 8 approved a settlement allowing DTE Gas Co. to increase its rate by nearly $114 million, about 57 percent lower than the utility’s initial request. The company filed the rate request in January 2024, requesting to raise rates by $266 million to fund infrastructure projects to modernize its…...
The U.S. Interior Department on Nov. 7 announced over $140 million in funding for fiscal year 2024 to tackle polluting and abandoned mine lands, or AML, and spur economic development in coal communities across West Virginia. With this, more than $492 million in fiscal year 2024 awards have been allocated nationwide. Additional funding will be…...
The U.S. Energy Department on Nov. 7 announced the closing of a $445 million loan to Li-Cycle U.S. Inc. to support the first-of-its-kind lithium-ion battery resource recovery facility to be built in New York. The project aims to produce up to 180,000 electric vehicles (EVs) annually using recycled materials, while also supporting efforts to onshore…...
U.S. electricity production from hydroelectric plants is expected to be 13 percent lower during 2024 than the 10-year average, according to a Nov. 7 report published by the U.S. Energy Information Administration. If realized this will be the lowest volume of electricity produced from hydropower since 2001. The decrease in hydropower generation can be attributed…...
U.S. fuel ethanol exports are projected to reach a record high during 2024, according to an Nov. 6 report published by the U.S. Energy Information Administration. The growth in U.S. fuel ethanol exports can be attributed to relatively lower U.S. fuel ethanol prices, high U.S. fuel ethanol production and robust demand in countries with biofuel…...