President Donald Trump on Feb. 14 signed an executive order establishing a council to guide the U.S. towards energy dominance. The National Energy Dominance Council is tasked with providing advice on how best to exercise the President’s authority to increase domestic energy production, including recommending a strategy with long-range goals for achieving energy dominance by…...
The U.S. Energy Department on Feb.14 announced a new export authorization for the Commonwealth LNG project. Following the approval, Commonwealth LNG is now able to export LNG to non-free trade agreement (FTA)countries from the proposed Commonwealth LNG project. The authorization is the first major U.S. liquefied natural gas (LNG) project to receive an export authorization…...
The New York Public Service Commission on Feb. 13 approved the New York State Energy Research and Development Authority’s energy storage implementation plan for the retail and residential sectors. The commission directed the authority to amend the plan to incorporate more energy resources that are a part of the New York Independent System Operator’s distributed…...
The New Jersey Board of Public Utilities on Feb. 12 announced the results of the annual electricity auction for Basic Generation Service, indicating higher costs for electricity supplied to most residents and small and/or medium-sized businesses by the state’s four regulated electric distribution companies. The auction results show that the average electric ratepayer could see…...
The benchmark Henry Hub spot price is expected to average $3.80 per million British thermal units (MMBtu) during 2025, according to the U.S. Energy Information Administration’s February Short Term Energy Outlook. This is about 20 percent higher than the previous forecast. The increase in the natural gas price forecast can be attributed to a cold…...
The average transportation cost for U.S. coal declined from $19.29/ton during 2022 to $18.77/ton in 2023, according to a Feb. 12 report published by the U.S. Energy Information Administration. The decrease in transportation costs aligns with the decline in the volume of U.S. coal transported in 2023. U.S. coal deliveries have declined over the last…...
The Michigan Public Service Commission on Feb. 11 initiated its annual review of the funding factor for the state’s low-income energy assistance program. This marks the first assessment since the program’s significant expansion, which increased the number of households that qualify for energy assistance and self-sufficiency services. The commission proposed increasing the funding factor for…...
New York Governor Kathy Hochu on Feb. 10 announced the availability of a $60 million loan from the NY Green Bank for the development of electric vehicle charging infrastructure in New York City. EV fast-charging provider Revel, will use the funding to expand the city’s fast-charging network by more than three times the current capacity…...
Mid-January’s colder-than-normal temperatures across much of the U.S. drove higher natural gas consumption, leading to the fourth-largest weekly withdrawal from storage in the Lower 48 states, according to an Feb. 10 report published by the U.S. Energy Information Administration. During the week ending Jan.24, stocks declined by 321 billion cubic feet (Bcf), which was around…...
The Nuclear Regulatory Commission on Feb. 7 issued its final environmental review for Units 1, 2, and 3 of the Oconee Nuclear Power Station in South Carolina. The environmental assessment will enable Duke Energy to obtain a second license renewal for the power plant, extending the station’s operations for another 20 years. The commission found…...
U.S. Energy Secretary Chris Wright signed an order, directing the U.S. Department of Energy to take actions to advance President Trump’s energy agenda. The department outlined a number of actions to implement President Trump’s executive orders including expanding energy production, advancing energy innovation, enabling next generation nuclear power technology, and strengthening grid reliability. As part…...
Oil and coal were utilized in the electricity generation mix in New England, due to curtailed generation from natural gas fired power plants from January 18 to January 22, 2025 according to a Feb. 5 report published by the U.S. Energy Information Administration. Below seasonal normal temperatures in the eastern U.S. during the week of…...