Week Ahead: TX Examines Storm Preparedness, CA Reviews Utility Safety Practices, CT’s Energy Storage Program
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U.S. Expected to Add Nearly 43 Gigawatts of Generating Capacity During Second Half of This Year: EIA
U.S. power plant operators and developers added 20.2 gigawatts (GW) of utility scale power generating capability during the first six months of 2024, according to an Aug. 19 report published by the U.S. Energy Information Administration. The new capacity is 21 percent or 3.6 GW higher than capacity added during a similar period in 2023…....
Nova Scotia Board Approves NS Power’s $257.6 Million Capital Expenditure Plan
The Nova Scotia Utility And Review Board on Aug. 13 approved Nova Scotia Power Inc.’s 2024 Annual Capital Expenditure Plan, or ACE, which details the company’s proposed capital spending for the next year. The company sought approval for capital projects totaling $257.6 million. Nova Scotia Power estimates its total capital spending for 2024 at $433.9…...
PJM Capacity Auction Prices Surge to Record Highs Amid Supply Concerns
PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from…Read the full report…...
U.S. Consumers Save $8.4 Billion On Clean Energy and Energy Efficiency Investments During 2023
The U.S. Treasury Department on Aug. 7 reported that over 3.4 million U.S. consumers benefited from $8.4 billion in tax credits to reduce the costs of clean energy and energy efficiency enhancements to their households during 2023. This is the first public release of data from 2023 tax filing displaying the benefit of clean energy…...
Minnesota Power Secures Regulatory Approval for Transmission Line Upgrade
The Minnesota Public Utilities Commission on Aug. 2 approved Minnesota Power’s high-voltage direct-current, or HVDC, transmission project designed to increase capacity to prepare the system for future expansion and address grid reliability. The approval allows for a capacity of up to 900 megawatts (MW), up from the current 550 MW capacity. The project is estimated…...
Hurricane Beryl Brings New Attention to Texas Power Grid Woes
Hurricane Beryl, the first major hurricane of the 2024 Atlantic hurricane season, has brought new attention to the fragility of the Texas power grid and the pressing need to…Read the full report…...
States Enhance Regulatory Oversight and Consumer Protections in Retail Energy Markets
Recent policy and regulatory measures concerning competitive retail electricity markets are increasingly focused on enhancing oversight and transparency. New state actions strive to…Read the full report…...
Visual Primer: States Enhance Regulatory Oversight and Consumer Protections in Retail Energy Markets
Recent policy and regulatory measures concerning competitive retail electricity markets are increasingly focused on enhancing oversight and transparency. New state actions strive to strengthen these markets with improved regulatory oversight and consumer protections to prevent unsavory practices by competitive suppliers.