New York Governor Announces $90 Million in Federal Aid for Home Heating During Winter

Idaho Commission Approves $67 Million Revenue Hike for Intermountain Gas Company

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…...

EnerKnol Research PU Policy Primer Retail Electric Competition 2022 07 26 Blog preview

Policy Primer: Competitive Retail Electricity Markets July 2022 Update

The evolving retail electricity marketplace has prompted reforms to strengthen customer protections and expand options to access clean energy while addressing reliability concerns.

U.S. LNG Exports Expected to Decline by Six Percent for Rest of 2022 Amid Freeport Outages: EIA

U.S. LNG Exports Expected to Decline by Six Percent for Rest of 2022 Amid Freeport Outages: EIA

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…...

New York Governor Announces $90 Million in Federal Aid for Home Heating During Winter

Consumers Energy Company to Raise Gas Rates by Six Percent for Michigan Customers

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. Energy Consumption Recorded Largest Annual Increase in 2021: EIA

U.S. Energy Consumption Recorded Largest Annual Increase in 2021: EIA

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…...

EPA Releases Strategic Plan in Conjunction with President's Proposed $11.8 Billion Budget to Address Climate Change, Environmental Justice

U.S. Supreme Court Restricts EPA Authority to Regulate Power Plant Emissions

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…

DOE report pulse

Energy Jobs Outpaced Overall U.S. Employment in 2021: DOE Report

The U.S. Energy Department on June 28 issued the 2022 U.S. Energy and Employment Report. A key finding of the report was in the face of economic uncertainty, the energy sector undertook optimistic job growth, increasing 4 percent from 2020 to 2021, outperforming general U.S. employment, which climbed 2.8 percent in the corresponding period. In…...

Environmental Groups Seek Stop Work Order on Mountain Valley Gas Pipeline Following Court Rulings

Salem Harbor Reaches $44 Million Settlement to Resolve Alleged Violation of Electricity Market Rules

The Federal Energy Regulatory Commission on June 27 approved an agreement between its Office of Enforcement and Salem Harbor Power Development LP to resolve allegations that the company engaged in a fraudulent scheme in ISO New England Inc.’s capacity auction to secure capacity payments. The company agreed to a civil penalty of $17 million and…...

EnerKnol Research PU Visual Primer PJM Auction 2022 06 28 Blog preview

Visual Primer: PJM’s Capacity Auction Yields Lower Prices, Reflects Growth in Carbon-Free Resources

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.