Week Ahead: NRC’s Security Regulations, Oregon Reviews Ratemaking Framework, CA Examines Distributed Energy Policies
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PJM Capacity Auction Highlights Supply-Demand Imbalance Amid Large Load Growth
PJM Interconnection LLC’s capacity market auction for the 2028/2029 delivery year left the grid operator about 6,800 megawatts (MW) short of its reliability requirement, marking the second…Read the full report…...
Visual Primer: PJM Capacity Auction Highlights Supply-Demand Imbalance Amid Large Load Growth
PJM Interconnection LLC’s capacity market auction for the 2028/2029 delivery year left the grid operator about 6,800 megawatts (MW) short of its reliability requirement, marking the second straight auction with a capacity shortfall. The results reflect continued growth in electricity demand, driven in part by expanding data center development as new generation additions continue to lag demand growth.
U.S. Interior, Invenergy Reach $765 Million Deal to Terminate Offshore Wind Leases
The U.S. Interior Department on June 17 announced a settlement agreement with affiliates of Invenergy to terminate four offshore wind leases and redirect approximately $765 million toward natural gas-fired generation and geothermal energy projects across several states. Invenergy, one of the nation’s largest privately held energy infrastructure developers, will voluntarily relinquish offshore wind lease holdings…...
U.S. Energy Department Approves $1.6 Billion Loan for DTE Gas Infrastructure Upgrades
The U.S. Energy Department on June 15 finalized a $1.6 billion loan for DTE Gas Company to modernize natural gas infrastructure in Michigan, a move projected to deliver more than $700 million in savings for customers while improving the reliability of the state’s energy distribution system. The financing, announced through the DOE’s Office of Energy…...