According to EIA, the share of imports in U.S. energy consumption for the first half of 2014 reached the lowest level in 29 years. On October 10, 2014, the Energy Information Administration (EIA) released a report showing that net U.S. energy imports as a share of consumption for the January-June 2014 period reached the lowest…...
ISO-NE’s eighth Forward Capacity Market Auction (FCA-8) rates became effective September 16, 2014, despite FERC being unable to reach agreement on whether the filing was “just and reasonable.” The final price for existing sources was set at the administrative price of $7.025/kW-month, a 123 percent increase from the FCA-7 clearing price. The Northeast Massachusetts (NEMA)/Boston…...
The Massachusetts Attorney General has sought DPU action to mitigate spikes in winter rates and extend the state’s Winter Moratorium by one month. On October 2, 2014, Massachusetts Attorney General (AG) Martha Coakley wrote to the Department of Public Utilities (DPU) requesting an investigation into ways to mitigate National Grid’s winter rate spikes that will…...
Starting October 1, CAISO will open its subhourly wholesale electricity market to PacifiCorp’s service areas, marking the first time that CAISO will dispatch electricity to regions outside its footprint. On September 30, 2014, the Energy Information Administration (EIA) released a report on the California Independent System Operator’s (CAISO) effort to open subhourly wholesale electricity markets to…...
The Massachusetts Clean Energy Industry has grown by 47 percent from 2010-2014 with significant growth in energy efficiency and solar deployment. On September 29, 2014, the Massachusetts Clean Energy Center released the 2014 Massachusetts Clean Energy Industry Report. The fourth annual report highlights that the Massachusetts clean energy sector has grown by 47 percent since…...
On September 17, 2014, the U.S. Senate Committee on Finance held a hearing entitled “Reforming America’s Outdated Energy Tax Code.” Retroactively extending tax provisions has significant impact on financial accounting for multiple energy industries, including wind and solar, and also small and mid-sized businesses such as commercial building owners, architects, engineers, contractors, and design-construction companies…....
Massachusetts has awarded the first round of grants under the Community Clean Energy Resiliency Initiative for six municipal resiliency projects. On September 25, 2014, the Massachusetts Department of Energy Resources (DOER) awarded $7.4M in the first round of project implementation grants under the Community Clean Energy Resiliency Initiative. The funding will support six projects designed…...
NYC’s proposed Green Bond Program aims to expand the city’s investor base, provide a standard for the U.S. municipal bond market, and encourage a greener capital program. On September 24, 2014, New York City (NYC) Comptroller Scott M. Stringer proposed a plan titled “A Green Bond Program for New York City” to fund environmental threat…...
An innovative landscape-level renewable energy and conservation plan proposed for the California desert provides a roadmap to develop 20,000 MW on more than 22 million acres over the next 25 years. On September 23, 2014, the Department of Interior (DOI) and the California Natural Resources Agency released the draft Desert Renewable Energy Conservation Plan (DRECP), an…...
Massachusetts’ second Green Bond sale resulted in orders exceeding $1B for $350M worth of bonds and $429M in refinancing transaction that will save taxpayers $45M. On September 22, 2014, Massachusetts Treasurer Steven Grossman announced that the Commonwealth’s second Green Bond sale generated more than $1B in buy orders for a $350M bond offering. Retail investors placed…...
On September 17, 2014, the Senate Committee on Finance held a hearing titled “Reforming America’s Outdated Energy Tax Code” to discuss possible reforms to the U.S. energy tax policy. Senate Finance Committee Chairman Sen. Ron Wyden (D-OR) underscored the need for predictable, level playing-field tax policy that puts renewables on the same footing as other…...
Cape Wind has entered into a two-year lease agreement with MassCEC to stage the first U.S. offshore wind project at the South Coast Marine Commerce Terminal. On September 12, 2014, Massachusetts Governor Deval Patrick announced a lease agreement between Cape Wind and the Massachusetts Clean Energy Center (MassCEC) to stage the first U.S. offshore wind project from the South…...