The 2025 hurricane season is expected to bring 17 named storms, surpassing the 1991–2020 average of 14, according to a May 20 report published by the U.S. Energy Information Administration. During the 2025 Atlantic hurricane season, meteorologists are expecting between 13 to 18 named storms, including 3 to 6 storms with direct impacts on the…...
The U.S. Energy Department on May 20 finalized its 2024 study of liquefied natural gas exports, releasing its response to comments and concluding that the complete record from the study supports the view that exporting LNG from the U.S. is in the public interest. This action marks an important step towards resuming consideration of applications…...
The New York Public Service Commission on May 15 approved a series of reforms aimed at accelerating the state’s clean energy transition, including a notable increase in its annual large-scale renewable energy procurement target. The revised goal raises the land-based renewable energy target (known as Tier 1) from 4,500 gigawatt-hours to 5,600 gigawatt-hours per year…....
Utility regulators in several U.S. states are stepping up efforts to plan for the future of natural gas as decarbonization and electrification efforts take hold. New initiatives are exploring…Read the full report …...
Utility regulators in several U.S. states are stepping up efforts to plan for the future of natural gas as decarbonization and electrification efforts take hold. New initiatives are exploring regulatory strategies to assess long-term gas system needs, manage stranded asset risks, and align utility planning with state climate targets.
Crude oil and other liquids fuel consumption growth are expected to weaken over the next two years, in line with a slowdown in economic growth, most notably in Asia, according to a May 15 report published by the U.S. Energy Information Administration. Oil consumption is still expected to grow, albeit at a slower rate. The…...
The New York State Public Service Commission on May 15 authorized approximately $1 billion per year from 2026 to 2030 to support energy efficiency and building electrification initiatives across the state. These programs will be managed by the large investor-owned electric and gas utilities, along with the New York State Energy Research and Development Authority…...
The U.S. Interior Department on May 14 announced the proposed rescission of a rule governing wind and solar energy development on public lands. This is in accordance with U.S. President Donald Trump’s agenda to eliminate burdensome regulations and stimulate economic growth. The proposed removal of the Bureau of Land Management’s clean energy regulation allows for…...
U.S. annual electricity consumption is forecast to increase during 2025 and 2026, exceeding the record high reached during 2024, according to a May 13 report published by the U.S. Energy Information Administration. The increase is attributed to higher demand from the commercial sector, which includes data centers and the industrial sector which includes manufacturing establishments…....
U.S. residential customers paid an average of $144 per month for electricity in 2024, but costs varied significantly by state, according to a May 13 report from the U.S. Energy Information Administration. Customers in Hawaii and Connecticut paid over $200 monthly, while those in New Mexico and Utah paid less than half as much. The…...
Recent developments in global trade policy and oil production are expected to lead to lower Brent crude oil prices during the remainder of 2025 and 2026 than previously forecast, according to the U.S. Energy Information Administration’s May Short-Term Energy Outlook. The agency also forecasts natural gas prices to rise during 2025 and 2026, following historic…...
