The New Jersey Board of Public Utilities has released a proposal for the 2024 New Jersey Energy Storage Incentive Program creating two segments for incentives: front-of-the-meter or “grid supply” projects and behind-the-meter or “distributed storage” projects. The state expects to launch the grid supply segment of the program in 2025 and the distributed storage segment…...
Monthly average electricity exports from the U.S. to Canada rose 70 percent to 1,809 gigawatthours (GWh) during 2023 compared to 2022, while monthly average imports from Canada to U.S. declined by 36 percent to 3,315 GWh, according to an Nov. 12 report published by the U.S. Energy Information Administration. The shift in trading dynamics can…...
The White House on Nov. 12 announced a new framework to ramp up domestic nuclear energy capacity, with an ambitious target to reach 200 gigawatts (GW) by 2050. The roadmap sets two short-term targets of adding 35 GW of new nuclear capacity by 2035 and sustaining 15 GW of annual nuclear production by 2040. To…...
The U.S. Environmental Protection Agency on Nov. 12 announced a final rule to support the implementation of a Waste Emission Charge to reduce methane emissions from the oil and gas sector. The 2022 Inflation Reduction Act, or IRA, established the methane emissions fee to impose a charge on certain oil and gas facilities that emit…...
The California Independent System Operator Board of Governors and the Western Energy Markets (WEM) Governing Body on Nov. 8 took action to implement the first step of the West-Wide Governance Pathways Initiative. This initiative was developed last year to maximize the benefits of wholesale electricity markets through a new governing organization. The West-Wide Governance Pathways…...
The Bureau of Ocean Energy Management on Nov. 8 announced the completion of the environmental review for the SouthCoast offshore wind project. Once operational, the wind farm could have a power generation capacity of 2.4 gigawatts, sufficient to supply over 800,000 households. The SouthCoast offshore wind lease area spans around 127,388 acres and is approximately…...
The California Air Resources Board on Nov. 8 announced updates to its Low Carbon Fuel Standard, or LCFS, program that would speed up the decarbonization of the state’s transportation sector by increasing clean fuel and transportation options for consumers. The updated LCFS sets new targets to reduce the carbon intensity of transportation fuel by 30…...
The U.S. Energy Department on Nov. 8 announced that 200 million barrels of crude oil have been delivered or contracted at an average price of $74.75 per barrel with the conclusion of the latest solicitation to procure 2.4 million crude oil barrels for the Strategic Petroleum Reserve, or SPR. The Biden administration’s aggressive buyback strategy…...
Transmission planning across the U.S. is adapting to meet rising energy demands, necessitating coordinated efforts to strengthen and expand infrastructure. Beyond supporting renewable integration and enhancing resilience, transmission expansion is becoming…Read the full report …...
Transmission planning across the U.S. is adapting to meet rising energy demands, necessitating coordinated efforts to strengthen and expand infrastructure. Beyond supporting renewable integration and enhancing resilience, transmission expansion is becoming critical for new electrification demands, increased manufacturing activity, and large data center loads.
The Michigan Public Service Commission on Nov. 8 approved a settlement allowing DTE Gas Co. to increase its rate by nearly $114 million, about 57 percent lower than the utility’s initial request. The company filed the rate request in January 2024, requesting to raise rates by $266 million to fund infrastructure projects to modernize its…...
The U.S. Interior Department on Nov. 7 announced over $140 million in funding for fiscal year 2024 to tackle polluting and abandoned mine lands, or AML, and spur economic development in coal communities across West Virginia. With this, more than $492 million in fiscal year 2024 awards have been allocated nationwide. Additional funding will be…...