The Public Service Company of New Mexico (PNM) has announced its commitment to the California Independent System Operator’s extended day-ahead market, or EDAM. PNM’s commitment, formalized with a signed agreement, initiates an important step in the governance of the Western Energy Markets. Although PNM will join EDAM in 2027, the governance change takes effect immediately…....
U.S. President Donald Trump on July 4 signed the One Big Beautiful Bill Act, a sweeping reconciliation measure that fundamentally reshapes federal energy policy. Backed by President Donald Trump and Republican leadership, the legislation takes down many of the clean energy incentives established under the Inflation Reduction Act while accelerating fossil fuel development on public…...
U.S. operable atmospheric distillation capacity, the key measure of refinery capacity, totalled 18.4 million barrels per calendar year (b/cd) on Jan. 1, 2025, flat compared to the previous year, according to a June 30 report published by the U.S. Energy Information Administration. In 2025, ExxonMobil, Valero, and Marathon—the three largest U.S. refiners—each reported calendar day…...
Electricity demand in the PJM Interconnection and ISO New England (ISO-NE) hit multiyear highs on June 23 and June 24 respectively, according to a June 27 report published by the U.S. Energy Information Administration. The significant demand increase can be attributed to a heat wave that impacted most of the Eastern U.S. Electricity load in…...
The California Air Resources Board announced on June 27 that the amended Low Carbon Fuel Standard (LCFS) will go into effect on July 1, 2025, following approval by the Office of Administrative Law. The updated regulation is designed to boost investment in clean fuels and transportation infrastructure while advancing the state’s legally mandated air quality…...
Commercial computing electricity consumption is expected to increase at a faster rate than any other end use in buildings by 2050, according to the U.S. Energy Information Administration. Computing accounted for a projected eight percent of commercial sector electricity usage during 2024 and is expected to increase to 20 percent by 2050. The agency forecasts…...
The U.S. Energy Department has been issuing emergency orders to address potential grid shortfall issues amid surging power demand in the summer season. The latest order, issued on June 24, authorizes Duke Energy Carolina to temporarily utilize certain electric generating units within its service territory in North Carolina and South Carolina to operate at their…...
Qatar exported around 9.3 billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) through the Strait of Hormuz during 2024, according to a June 24 report published by the U.S. Energy Information Administration. The strait remains a key supply route for global LNG, as well as oil and petroleum products. During 2024, around…...
U.S. residential customers are expected to receive an average monthly electricity bill of $178 for the summer 2025 period, up by $5 compared to the same period last year, according to a June 23 report published by the U.S. Energy Information Administration. The agency expects a slight decline in usage due to cooler projected summer…...
U.S. energy production exceeded consumption for the sixth consecutive year during 2024, according to a June 20 report published by the U.S. Energy Information Administration. The increase in energy production, most notably natural gas and crude oil production can be attributed to enhancements in drilling techniques such as horizontal drilling and hydraulic fracturing. The U.S…....
U.S. ethane exports are expected to decline by 80,000 barrels per day (b/d) during 2025 and by 177,000 b/d in 2026, according to a June 18 report published by the U.S. Energy Information Administration. The decline can be attributed to new licensing requirements for U.S. ethane exports to China. The licensing requirement, announced by the…...
The U.S. Interior Department on June 17 announced it is taking action to issue a new Integrated Activity Plan that aligns with its 2020 plan for managing the 23-million-acre National Petroleum Reserve in Alaska. A draft analysis issued for public comment supports a new alternative that would reopen up to 82 percent of the reserve…...
