The Michigan Public Service Commission approved a settlement agreement authorizing Consumers Energy Company to raise its natural gas distribution rates by about $35 million, effective Oct. 1, 2024. The amount approved is significantly lower than the $136 million that the utility initially requested. Under the agreement, Consumers Energy will receive a rate of return of…...
European natural gas usage has been on a downward trend since mid-2022, according to a July 23 report published by the U.S. Energy Information Administration. The decline in natural gas usage can be attributed to lower demand due to milder winters and government policies directed at reducing gas usage. Natural gas usage across Europe declined…...
The average gas price in California has decreased by 78 cents per gallon during the last three months, according to the California Energy Commission. The decrease is attributed to the California Gas Price Gouging and Transparency Law, SBX 1-2, which took effect in June 2023. The law enhances transparency by exposing price manipulation in real…...
The New York State Public Service Commission on July 18 finalized gas and electric rate plans for Central Hudson Gas & Electric Corporation for the period commencing July 1, 2024 until June 30, 2025. The commission approved a total increase in electric and gas revenues of $79.3 million, well below the $181 million that the…...
A growing number of utility regulators across U.S. states are reviewing natural gas planning strategies to consider the effects of decarbonization and electrification policies on the gas system. Amid shifting policy and changing market conditions, regulators are exploring…Read the full report …...
A growing number of utility regulators across U.S. states are reviewing natural gas planning strategies to consider the effects of decarbonization and electrification policies on the gas system. Amid shifting policy and changing market conditions, regulators are exploring new tools to evaluate gas infrastructure investments.
Pairing residential solar installations with battery storage has been increasing in California, according to a July 18 report published by the U.S. Energy Information Administration. As of April 2024, over 50 percent of residential solar photovoltaic installations were paired with battery storage, in comparison to around 20 percent during October 2023. Excess solar generated at…...
New York Governor Kathy Hochul on July 17 announced the start of construction of the 924-megawatt Sunrise Wind, which would be the state’s largest offshore wind project. Governor Hochul also announced the launch of the fifth offshore wind solicitation, building on a 10-point action plan issued last October to support the growing large-scale renewable industry…....
U.S. production capacity for sustainable aviation fuel (SAF) could rise from approximately 2,000 barrels per day (b/d) to around 30,000 b/d during 2024, if all planned capacity additions become operational, according to a July 17 report published by the U.S. Energy Information Administration. SAF is an alternative to petroleum jet fuel and is formed from…...
The quantity of coal transported across the U.S. declined by eight percent during 2023, according to a July 16 report published by the U.S. Energy Information Administration. U.S. coal deliveries have declined over the last two decades, due to coal’s declining share of power in the generation mix. The quantity of coal transported to power…...