Texas Governor Greg Abbott on Aug. 4 announced a loan agreement between the Public Utility Commission and NRG Energy Inc. under the Texas Energy Fund, or TEF, to support a 456-megawatt (MW) natural gas-fired power plant in Houston. This marks the second loan agreement under the TEF’s In-ERCOT Generation Loan Program, designed to provide low-interest…...
The UK’s Office of Gas and Electricity Markets on July 30 initiated a broad review into how costs are allocated across the energy system, aiming to assess the fairness and efficiency of existing pricing structures for consumers. The effort, titled the Cost Allocation and Recovery Review, will examine the full spectrum of energy system costs,…...
The U.S. Environmental Protection Agency on July 29 unveiled a proposal to rescind the 2009 endangerment finding, a legal foundation that has enabled federal regulation of greenhouse gas emissions from vehicles for over a decade. Announced by EPA Administrator Lee Zeldin, the proposal seeks to eliminate the statutory basis for more than $1 trillion in…...
New York Governor Kathy Hochul on July 28 announced the launch of the state’s first Bulk Energy Storage Request for Proposals, aiming to procure one gigawatt of storage capacity as part of the state’s broader goal to deploy six gigawatts of energy storage by 2030. Administered by the New York State Energy Research and Development…...
The Western Energy Markets Governing Body on July 23 has taken a significant step under the California Independent System Operator’s new independent governance framework by voting to preserve a key grid reliability tool, Assistance Energy Transfers, or AET, within the Western Energy Imbalance Market. The mechanism, introduced in 2023, allows balancing authorities to receive emergency…...
PJM Interconnection LLC’s capacity market auction for the 2026/2027 delivery year cleared at a record-high price of $329.17 per megawatt-day (MW-day), about 22 percent higher than last year’s auction, according to the results announced on July 22. The clearing price hit the price cap approved by the Federal Energy Regulatory Commission following a ninefold increase…...
The New York State Public Service Commission on July 17 directed Central Hudson Gas & Electric Corporation to implement new measures over the next three years to reduce natural gas usage in its service territory. The order, issued as part of the utility’s final long-term gas plan, requires the company to develop pilot demand response…...
The U.S. Interior Department on July 17 announced that it has revised its procedures for states applying to federal programs intended at cleaning up abandoned oil and gas wells. The updated guidance modifies two grant programs—the $1.93 billion Orphaned Wells State Formula Grant Program and $780 million Orphaned Wells State Matching Grant Program. The revisions…...
The U.S. Energy Department on July 16 announced a pilot program to fast-track the expansion of advanced nuclear reactors and support domestic nuclear fuel supply chains. The department issued a request for applications from qualified U.S. businesses to construct and operate nuclear fuel production lines through its authorization process. This initiative aims to cut U.S…....
Brookfield Asset Management, through its subsidiary Brookfield Renewable, has signed a landmark agreement with Google to provide up to 3,000 megawatts of carbon-free hydroelectric capacity across the U.S. The Hydro Framework Agreement, announced on July 15, is the largest corporate clean power deal for hydropower to date. On the same day, at the first Energy…...
The total operating capacity of U.S. coal-fired power stations is set to decrease from 172 gigawatts (GW) during May 2025 to 145 GW by the end of 2028, according to a July 14 report published by the U.S. Energy Information Administration. Coal usage in the U.S. electric power sector has declined significantly over the last…...
The Government of Canada and the Government of the Northwest Territories on July 14 launched a new initiative to apply artificial intelligence and digital scanning to historic drill core samples, aiming to uncover untapped mineral resources in the North and accelerate exploration of critical minerals. As part of the pilot, geoscientists will scan and analyze…...
