Power & Utilities
In his State of the Union Address, the President made a forceful call for climate action, asserting that the U.S. will double its emissions reduction pace. In his State of the Union (SOTU) speech on January 20, 2015, President Obama made a resolute call for climate action, stating that no challenge poses a greater threat…...
The Justice Department has sought Supreme Court review of the May 2014 invalidated FERC Order 745 vacatur, considering its importance for the future of electricity-market regulation. On January 15, 2015, the U.S. Department of Justice (DOJ) — on behalf of the Federal Energy Regulatory Commission (FERC) — petitioned the Supreme Court for a writ of certiorari to…...
ISO-NE’s current Winter Reliability Program boasts increased fuel and resource availability through a restructured and expanded compensation structure. On January 12, 2015, ISO New England (ISO-NE) released a report on the resource participation of its 2014/2015 Winter Reliability Program (WRP), a temporary out-of-market solution to maintain electric system reliability. ISO-NE expressed confidence that a diverse…...
The DOE has announced $125M OPEN solicitation through ARPA-E to catalyze the advancement of transformational energy technologies. On January 7, 2015, the Department of Energy’s (DOE) Advanced Research Projects Agency – Energy (ARPA-E) issued its third OPEN funding opportunity announcement (FOA) – OPEN 2015 – for up to $125M to support potentially disruptive new technologies…...
The Cape Wind Project faces a major setback after losing power purchase agreements with National Grid and NSTAR. On January 7, 2015, National Grid and NSTAR announced a decision to cancel their Power Purchase Agreements (PPAs) with Cape Wind, citing Cape Wind’s failure to meet the December 31, 2014 deadline to close financing. Cape Wind…...
The EPA Clean Power Plan and new generation source emission rule finalization to mid-summer 2015 pushes back compliance deadlines. On January 7, 2015, the Environmental Protection Agency (EPA) announced a revised schedule to finalize rulemakings for power plant emission standards under its proposed Clean Power Plan. The EPA intends to finalize the rules by mid-summer…...
The proposed increase to 50 percent by 2030 could also result in indirect boost to energy storage industries. In his inaugural address on January 5, 2015, California Governor Edmund G. Brown Jr. proposed new initiatives to expand the state’s emissions reduction efforts under the AB 32 climate law and establish the next set of objectives…...
Benchmark crude oil price declines may threaten domestic producers’ continued production growth. On January 5, 2015, the Energy Information Administration (EIA) released a report — drawing from the S&P Goldman Sachs Commodity Index (GSCI) — showing that energy commodity prices recorded the largest declines in 2014 compared to non-energy commodities. Notably, the GSCI’s energy component…...
DOE’s efficiency standards will not slow demand, but could save up to $78 billion in electricity bills. On December 31, 2014, the Department of Energy (DOE) announced energy efficiency standards for general service fluorescent lamps (GSFLs) and automatic commercial ice makers (ACIMs), achieving its goal of finalizing 10 energy efficiency standards in 2014. Together, the…...
$14.5M in funding supports market-ready emissions reduction technologies and is part a larger pool of more than $400M of Regional Greenhouse Gas Initiative (RGGI) proceeds that could help moderate future RGGI auction prices. On December 30, 2014, the New York State Energy Research and Development Authority (NYSERDA) announced $14.5M in funding to support market-ready technologies…...
The Vermont Yankee Nuclear Power Station has been officially disconnected from the grid. On December 29, 2014, the Vermont Public Service Department (PSD) announced the official closure of the Vermont Yankee Nuclear Power Station. The plant began operations in 1972 and was acquired by Entergy in 2002. Its current operating license expires on March 21,…...
EPA’s Clean Power Plan, regional programs, and continued solar installation growth aim to improve state-level resource and grid reliability. The proposed Clean Power Plan and regional reliability programs will continue to influence an energy mix shift and electric system improvements in the coming years. The energy mix shift is also being pushed by fuel and…...
