The 42nd quarterly carbon auction held by California and Quebec sold all of the nearly 51.5 million carbon permits offered under the current auction at a price of $29.27 per allowance, above the floor price of $25.87, according to the results released on Feb. 26 by the California Air Resources Board. The current auction clearing…...
The U.S. Environmental Protection Agency announced the cancellation of 20 grants totaling nearly $61 million as part of a broader initiative to eliminate funding for programs associated with diversity, equity, inclusion, or DEI, and environmental justice, which the current administration deems as wasteful. This marks the second round of cancellations, in collaboration with the Department…...
U.S. electricity producers plan to retire 12.3 gigawatts (GW) of generation capacity during 2025, up 65 percent compared to retirements during 2024, according to an Feb. 25 report published by the U.S. Energy Information Administration. During 2024, 7.5 GW of generation capacity was phased out from the U.S. electricity grid, the lowest capacity of retirements…...
The Washington Utilities and Transportation Commission on Feb. 24 approved a settlement establishing new rates for Cascade Natural Gas consumers for the next two years.The new rates will come into effect on March 1, 2025 and incorporate decarbonization and affordability measures for consumers. The settlement raises customer bills, but much less than the company’s original…...
The U.S. power grid is expected to add 63 gigawatts (GW) of new utility scale electric generating capacity during 2025, about 30 percent higher compared to the 48.6 GW of capacity installed during 2024, according to an Feb. 24 report published by the U.S. Energy Information Administration. The increase in new utility scale electric generating…...
The Bureau of Land Management’s New Mexico State Office leased seven parcels totaling 1,317 acres for $20.67 million in its quarterly oil and gas sale, according to a Feb. 21 press release. The auction proceeds will be shared between the federal government and New Mexico. BLM New Mexico conducts oil and gas lease sales quarterly…...
The Minnesota Public Utilities Commission on Feb. 21 approved Xcel Energy’s Upper Midwest Integrated Resource Plan, which outlines the utility’s energy resource portfolio for 2024-2040 to improve reliability, energy efficiency, and affordability. The plan includes measures to protect consumers against excessive prices, protect grid systems against extreme weather, integrate more renewable energy resources, and reduce…...
State taxes and fees on gasoline and diesel fuel as of the start of 2025 have averaged $0.33 per gallon (gal) of gasoline and $0.35/gal of diesel fuel, according to a Feb. 21 report published by the U.S. Energy Information Administration. Average taxes on diesel and gasoline have remained largely flat, rising by less than…...
The California Public Utilities Commission on Feb. 20 approved electric resource portfolios to support transmission grid planning and help the state achieve its clean energy targets. The portfolios provide key information for the California Independent System Operator to optimize its 2025-2026 transmission planning to work toward climate goals while ensuring the reliability and affordability of…...
Residential energy costs for household heating with propane and natural gas for the current winter have increased compared to the previous winter, according to an Feb. 20 report published by the U.S. Energy Information Administration. The agency projects retail energy costs to be 10 percent higher than last winter. The agency in their Winter Fuels…...
The Federal Energy Regulatory Commission on Feb. 20 issued an order initiating a review of challenges related to co-locating large loads, such as energy-intensive data centers, at generating facilities in the PJM region. Due to the high volume of proceedings regarding co-location in the region, the review will initially focus on PJM, the nation’s largest…...
President Donald Trump on Feb. 19 signed an executive order implementing the Department of Government Efficiency (DOGE) deregulatory initiative aimed to curb federal overreach and restore the constitutional separation of powers. The order directs federal agencies to review all regulations under their jurisdiction for consistency with law and Trump administration policy, prioritizing rules that impose…...
