Idaho Power will implement new tariffs that will result in a 3.7 percent, or $50.6 million, annual increase in Idaho jurisdictional revenue. The rate increase is significantly lower than the company’s initial request of about $99.3 million. The new rates take effect at the start of 2025, in line with orders from the Idaho Public…...
The U.S. Environmental Protection Agency on Dec. 30 issued Underground Injection Control, or UIC, Class VI well permits to Carbon TerraVault JV Storage Company Sub 1 LLC for permanent underground storage of carbon dioxide. This authorization marks the first permits for Class VI injection wells in California. Once developed, the injection wells can sequester 1.5…...
New York Governor Kathy Hochul on Dec. 18 announced the availability of $28.5 million to install electric vehicle fast chargers across key travel corridors in the state. The additional capital is made available through the federal National Electric Vehicle Infrastructure, or NEVI, formula funding program. The new competitive Downstate Direct Current Fast Charger, or DCFC…...
The New York State Public Service Commission on Dec. 19 approved climate change resiliency plans filed by Central Hudson Gas & Electric Corporation, Consolidated Edison Company of New York or Con Edison, National Grid, and Orange & Rockland Utilities (O&R). In its order, the commission rejected Con Edison and O&R’s proposal to develop a Storm…...
The New York Public Service Commission on Dec. 19 approved five clean energy projects that could generate over $3 billion in economic benefits for local communities. The five projects have a combined capacity of over 2 gigawatts (GW) and could deliver clean energy to more than one million homes. Alle-Catt Wind, Brookeside Solar, the Champlain-Hudson…...
The U.S. Energy Department on Dec. 17 released an updated study of U.S. liquefied natural gas exports. The department has been assigned responsibility under the Natural Gas Act to assess the public interest of potential LNG exports to nations with which the U.S. does not have a Free Trade Agreement, or non-FTA countries. In January,…...
The U.S. Environmental Protection Agency or EPA on Dec. 18 approved requests for waivers from the California Air Resources Board to implement two regulations to address emissions from passenger cars and heavy-duty vehicles. The Clean Air Act permits California to set its own emissions standards, separate from EPA regulations, by requesting a waiver from the…...
The U.S. Energy Department announced on Dec. 17 a conditional loan guarantee of $15 billion to Pacific Gas & Electric Company to diversify California’s energy sources and improve grid resilience. The announcement marks the department’s largest conditional commitment to a loan guarantee through its Energy Infrastructure Reinvestment, EIR, program to date. The loan guarantee will…...
The Cybersecurity and Infrastructure Security Agency on Dec. 17 published the draft National Cyber Incident Response Plan, or NCIRP, update for public comment. This update tackles significant changes in cyber operations and policy since NCIRP was released in 2016. The 2023 National Cybersecurity Strategy requested for an update of the 2016 National Cyber Incident Response…...
The 2024 hurricane season displayed above average activity, with more hurricanes and named storms than usual, according to an Dec. 17 report published by the U.S. Energy Information Administration. Several hurricanes and storms negatively impacted U.S. energy infrastructure, particularly in the Southeast and Gulf Coast. Electricity markets were in particular impacted by hurricanes during the…...
The U.S. Energy Department on Dec. 16 announced the closing of a $9.63 billion direct loan to Blue Oval SK to build three electric vehicle battery manufacturing facilities: one in Tennessee and two in Kentucky. This marks the largest loan granted by the department’s Advanced Technology Vehicles Manufacturing, or ATVM, program. The plants would have…...
The U.S. Energy Department on Dec. 13 announced a $2.5 billion conditional loan guarantee for Wisconsin Electric Power Company, a subsidiary of WEC Energy Group, to finance a portfolio of clean energy projects in Wisconsin. The portfolio would add more than 1,650 megawatts of utility-scale renewable power and energy storage. This diverse portfolio is expected…...