Scout Clean Energy LLC, a Colorado-based renewable energy developer, announced the closing of financing and the launch of construction of its 300-megawatt Ranchero wind park in Texas, according to a Jan. 17 press release. The project has a 10-year proxy revenue swap, or PRS, with Allianz Global & Specialty Inc.’s Alternative Risk Transfer unit, in…...
The New York State Board on Electric Generation announced hearings to receive comments on Bluestone Wind LLC’s proposal to construct a 124-megawatt wind energy project in the towns of Windsor and Sanford, Broome County. The move follows the board’s determination that the company’s Article 10 application is complete. The decision-making process under Article 10, adopted…...
The Michigan Public Service Commission on Jan. 18 approved DTE Electric Co.’s voluntary green pricing program tailored for large customers who choose to meet a portion of their electricity needs from renewable energy resources. The company said that the program will commence once the renewable energy projects required to support the program are in commercial operation…...
Democratic Governor Andrew Cuomo on Jan. 17 announced new goals as part of the state’s “Green New Deal” to achieve 100 percent carbon-free electricity by 2040. The initiative, outlined in Cuomo’s 2019 policy agenda, calls for an offshore wind target of 9 gigawatts by 2035, up from 2.4 gigawatts by 2030, adding to the combined…...
NextEra Energy Inc. and NextEra Energy Partners L.P on Jan. 18 asked the Federal Energy Regulatory Commission to order that Pacific Gas and Electric Company may not reject its wholesale contracts in bankruptcy without the federal regulator’s approval. PG&E announced it will file for bankruptcy protection on or about Jan. 29 as it faces billions…...
Southwestern Electric Power Company, a subsidiary of American Electric Power Company Inc., issued a request for proposals for 1.2 gigawatts of wind energy that would come online by Dec. 15, 2021, according to a Jan. 9 filing with the Louisiana Public Service Commission. The move comes six months after the company scrapped a $4.5-billion wind…...
In the case of a fossil fuel facility, a plan shall include provisions to construct or invest in one or more renewable energy facilities in conjunction with construction and operation of the proposed fossil fuel facility. The aggregate estimated cost or investment in one or more renewable energy facilities shall be equal to no less…
In 2019, the U.S. is expected to add 23.7 gigawatts of generation capacity and retire 8.3 gigawatts, according to a Jan. 10 report from the U.S. Energy Information Administration. About 8 gigawatts of coal, nuclear, and natural gas generation are scheduled to retire this year, with coal accounting for 53 percent of the retirements. Texas,…
The Virginia State Corporation Commission on Jan. 7 approved Appalachian Power Company’s proposal that allows customers the option to meet 100 percent of their electricity needs from renewable energy resources. Participating customers would pay a premium of $4.25 a month above the standard electric rate. State law permits utilities to design a tariff that customers…...
Republican Governor Christopher Sununu wrote a letter requesting the U.S. Bureau of Ocean Energy Management establish an intergovernmental offshore renewable energy task force for the state, according to a Jan. 7 press release. Sununu said that the measure would facilitate coordination between federal, state and local governments on commercial leasing proposals. If the request is…...
Democratic Governor Ralph Northam on Dec. 27 unveiled a report providing a roadmap for Virginia to develop a supply chain to serve offshore wind projects planned along the East Coast. The report examines Virginia’s strategic role in the emerging industry, highlighting that the state is well-positioned to serve as a supply chain hub thanks to…...
The Federal Energy Regulatory Commission on Dec. 31 authorized NJR Clean Energy Ventures II Corporation to sell its interests in four wind energy projects totaling 117 megawatts to SRIV Partnership LLC. NJR Clean Energy said that the $208.5 million transaction completes the sale of all its operating wind facilities. In June, the company sold a…...