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…...
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.
PJM Interconnection LLC’s capacity auction for the 2023/2024 delivery year cleared at $34.13 per megawatt-day, which is nearly 32 percent lower compared to the 2021 auction, according to the grid operator’s June 21 news release. The auction procured adequate resources to meet energy needs in PJM’s service area, which covers all or part of the…
Environmental and clean energy organizations, represented by the Southern Environmental Law Center and Southern Alliance for Clean Energy, petitioned the U.S. Court of Appeals for the D.C. Circuit to review the Federal Energy Regulatory Commission’s approval of the Southeast Energy Exchange Market (SEEM). The SEEM proposal was originally submitted by large southeast utilities such as…...
U.S. offshore wind is gaining traction with new milestones spurred by state commitments of almost 40 gigawatts (GW) by 2040 and a federal goal of 30 GW by 2030. Recent developments include state-level project selections that could add more than 3.2 GW of new capacity, New Jersey’s proposal for a novel offshore wind transmission solution, and New York’s move to advance transmission technologies for offshore wind integration.
Xcel Energy-Colorado, Platte River Power Authority, and Black Hills Colorado Electric LLC on Jan. 25 revealed plans to join the Western Energy Imbalances Service (WEIS) Market, operated by the Southwest Power Pool, which manages the power grid across the central U.S. The utilities plan to join the market by April 2023 subject to approval through…...
Across the U.S., the massive transformation of the power sector towards renewables and zero-emissions sources is set to accelerate, aided by supportive federal policies from an administration focused on climate action and ambitious state decarbonization goals. The exponential growth of renewables will continue to drive grid modernization and transmission development, while efforts to fortify the…...
Interest in offshore wind energy has reached new levels driven by supportive federal action, ambitious state procurement targets, and evolving technology. Recent developments include federal approval of the second commercial-scale project, and plans to hold up to seven new lease sales by 2025 in the East Coast, as well as the West and Gulf Coasts. Despite the progress, the industry faces opposition with recent lawsuits challenging the approval of the nation’s first major offshore project, the 800-megawatt (MW) Vineyard Wind I venture, over its potential impact to the fishing industry and endangered species.
The Biden administration is walking a tightrope on climate action as recent moves in the oil and gas industry challenge its aggressive climate agenda, which calls for net-zero emissions by 2050.