The U.S. Department of the Treasury and the Internal Revenue Service on Jan. 3, issued the final rules for the 2022 Inflation Reduction Act’s 45V Clean Hydrogen Production Tax Credit. The finalized rules aim to provide greater investment clarity by clarifying how hydrogen produced from different pathways such as using electricity from renewable sources or…...
Idaho Power will implement new tariffs that will result in a 3.7 percent, or $50.6 million, annual increase in Idaho jurisdictional revenue. The rate increase is significantly lower than the company’s initial request of about $99.3 million. The new rates take effect at the start of 2025, in line with orders from the Idaho Public…...
The U.S. General Services Administration (GSA) on Jan. 2 announced a long-term purchase contract with Constellation New Energy Inc. to procure emissions-free electricity for federal agencies. This marks GSA’s largest energy procurement and is estimated to comprise more than 10 million megawatt-hours over the contract’s ten-year term. The measure will enable the company to extend…
The U.S. Environmental Protection Agency on Dec. 30 issued Underground Injection Control, or UIC, Class VI well permits to Carbon TerraVault JV Storage Company Sub 1 LLC for permanent underground storage of carbon dioxide. This authorization marks the first permits for Class VI injection wells in California. Once developed, the injection wells can sequester 1.5…...
New York Governor Kathy Hochul on Dec. 18 announced the availability of $28.5 million to install electric vehicle fast chargers across key travel corridors in the state. The additional capital is made available through the federal National Electric Vehicle Infrastructure, or NEVI, formula funding program. The new competitive Downstate Direct Current Fast Charger, or DCFC…...
The New York State Public Service Commission on Dec. 19 approved climate change resiliency plans filed by Central Hudson Gas & Electric Corporation, Consolidated Edison Company of New York or Con Edison, National Grid, and Orange & Rockland Utilities (O&R). In its order, the commission rejected Con Edison and O&R’s proposal to develop a Storm…...
The New York Public Service Commission on Dec. 19 approved five clean energy projects that could generate over $3 billion in economic benefits for local communities. The five projects have a combined capacity of over 2 gigawatts (GW) and could deliver clean energy to more than one million homes. Alle-Catt Wind, Brookeside Solar, the Champlain-Hudson…...
The U.S. Energy Department on Dec. 17 released an updated study of U.S. liquefied natural gas exports. The department has been assigned responsibility under the Natural Gas Act to assess the public interest of potential LNG exports to nations with which the U.S. does not have a Free Trade Agreement, or non-FTA countries. In January,…...
The U.S. Environmental Protection Agency or EPA on Dec. 18 approved requests for waivers from the California Air Resources Board to implement two regulations to address emissions from passenger cars and heavy-duty vehicles. The Clean Air Act permits California to set its own emissions standards, separate from EPA regulations, by requesting a waiver from the…...
The U.S. Energy Department announced on Dec. 17 a conditional loan guarantee of $15 billion to Pacific Gas & Electric Company to diversify California’s energy sources and improve grid resilience. The announcement marks the department’s largest conditional commitment to a loan guarantee through its Energy Infrastructure Reinvestment, EIR, program to date. The loan guarantee will…...
The Cybersecurity and Infrastructure Security Agency on Dec. 17 published the draft National Cyber Incident Response Plan, or NCIRP, update for public comment. This update tackles significant changes in cyber operations and policy since NCIRP was released in 2016. The 2023 National Cybersecurity Strategy requested for an update of the 2016 National Cyber Incident Response…...
The 2024 hurricane season displayed above average activity, with more hurricanes and named storms than usual, according to an Dec. 17 report published by the U.S. Energy Information Administration. Several hurricanes and storms negatively impacted U.S. energy infrastructure, particularly in the Southeast and Gulf Coast. Electricity markets were in particular impacted by hurricanes during the…...
