Performance-based regulation (PBR) is gaining momentum across U.S. states driven by policy and technology changes to meet decarbonization goals and changing customer expectations.
The U.S. Energy Department’s Loan Programs Office has closed a $102.1 million loan to Syrah Technologies LLC for the development of its Syrah Vidalia Facility. This marks the first loan from the Advanced Technology Vehicles Manufacturing, or ATVM, Loan program in over a decade, and the first such loan entirely for a supply chain manufacturing…...
U.S. utility-scale battery capacity grew by 229 percent between 2020 and 2021, reaching 4.6 gigawatts, according to a July 27 report from the U.S. Energy Information Administration. Battery power capacity more than tripled during 2021, with more than 93 percent of the installations co-located with solar power plants. U.S. Utility Battery System Application: To better…...
The District of Columbia Public Service Commission on July 8 opened a proceeding to take action that will identify accessible funding sources for the Potomac Electric Power Company and the Washington Gas Light Company under the Infrastructure Investment and Jobs Act of 2021. As a part of this proceeding, the commission directed the utilities to…...
The Michigan Public Service Commission directed its staff to establish a Distribution System Data Access workgroup as part of the MI Power Grid effort, a multi- year initiative launched in 2019 to maximize the benefits of the transition to clean, distributed energy resources for consumers. In light of the increasing proliferation of distributed generation resources…...
U.S. primary energy consumption, which includes energy from fossil fuels, renewables, and nuclear, increased by 4 quadrillion British Thermal Unit (quads) in 2021 as compared to 2020, according to a July 1 report from the U.S. Energy Information Administration. Fossil fuels namely, petroleum, natural gas, and coal, represent approximately 76.6 quads out of the total…...
Energy legislation enacted across U.S. states so far in 2022 spans a broad spectrum of topics portraying actions to facilitate the energy transition. These include measures to expand renewables and distributed resources, strengthen climate commitments, optimize grid performance, and sustain the nuclear power fleet. … Read the full report …...
PJM Interconnection LLC’s capacity market auction for the 2023-2024 delivery year cleared at $34.13 per megawatt-day (MW-day), which is nearly 32 percent lower compared to the 2021 auction and the lowest in almost a decade. The auction results reflect a low-carbon resource mix, with a growth of more than 5,000 cleared megawatts of carbon-free resources, according to the grid operator, which operates across 13 states and the District of Columbia.
The Michigan Public Service Commission on June 23 approved a settlement agreement that allows Consumers Energy Co. to exit coal-fired generation by 2025 and add 8 gigawatts of solar energy to the grid. The settlement pertains to the company’s integrated resource plan, or IRP, which identifies the optimal mix of resources to serve customers over…...
