Russian pipeline gas exports to the European Union (EU) and the United Kingdom (UK) dropped by nearly 40 percent during the first seven months of 2022 compared to the same period last year, according to an Aug. 9 report from the U.S. Energy Information Administration based on data from Refinitiv Eikon. The key driver of…...
In 2020, seven U.S. states experienced the largest declines in their annual energy production in the last six decades, according to an Aug. 8 report from the U.S. Energy Information Administration. This is due to the decrease in economic activity due to the COVID-19 pandemic. Among all the states in the U.S., Wyoming experienced a…...
The U.S. Senate on Aug. 7 approved the Inflation Reduction Act of 2022, which includes $369 billion for energy security and climate change programs over the next ten years. Among the key climate and clean energy provisions, the bill would expand the investment tax credit for clean energy manufacturers, establish the first hydrogen production tax…...
The U.S. power grid, in the first six months of 2022, added 15 gigawatts (GW) of utility-scale generating capacity, according to an Aug. 3 report from the U.S. Energy Information Administration. Wind generation had the largest share with 34 percent, gas had the second largest share, and solar and battery storage made up the rest.…
The Idaho Public Utilities Commission approved new Intermountain Gas Company rate schedules by an interim Purchased Gas Cost Adjustment, or PGA, according to an Aug. 3 press release. Residential natural gas service rates increased by about 24.1 percent and commercial rates increased by about 27 percent. The rate change will increase Intermountain’s revenues by $67…...
The evolving retail electricity marketplace has prompted reforms to strengthen customer protections and expand options to access clean energy while addressing reliability concerns.
The U.S. Energy Information Administration slashed its spot natural gas price forecasts for the second half of 2022 according to a July 12 report primarily due to lower-than-expected liquefied natural gas exports stemming from the extended outage at the Freeport LNG facility. The agency expects 10.5 billion cubic feet per day in U.S. LNG exports…...
The Michigan Public Service Commission has approved a settlement allowing Consumers Energy Co. to increase rates applicable to its natural gas service by $170 million. In an initial request, the company had asked for an increase of $278 million, which was later abridged to $233 million. However, the amount agreed to in the settlement is…...
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…...
The U.S. Supreme Court on June 30 restricted the Environmental Protection Agency’s authority to regulate power plant emissions under the Clean Air Act. The 6-3 decision in favour of coal interests in West Virginia v. EPA, is expected to negatively impact the Biden administration’s wider attempts to combat climate change. The court invoked the “major…