The Regional Greenhouse Gas Initiative participating states on June 5 announced results from the program’s 72nd carbon allowance auction, which cleared at $35 per allowance, generating approximately $642 million for reinvestment in energy efficiency, renewable energy, electrification, greenhouse gas reduction, and customer assistance programs across the region. A total of 18.3 million allowances were sold…...
The U.S. Department of Energy on June 4 announced up to $500 million in Defense Production Act funding for coal-fired power plants and export infrastructure, advancing the Trump administration’s broader strategy to preserve coal generation as a source of reliable baseload power and a pillar of U.S. energy security. The funding package includes up to…...
The U.S. Department of Energy and Japan’s Ministry of Education, Culture, Sports, Science and Technology and Ministry of Economy, Trade and Industry on June 4 announced a $1 billion strategic research partnership that makes Japan the first international participant in the Genesis Mission, a national initiative focused on accelerating scientific discovery through artificial intelligence (AI)…...
ISO New England on June 3 reported that wholesale electricity costs in the six-state region increased sharply in 2025 as higher natural gas prices, carbon pricing programs, and tighter supply conditions pushed electricity market prices higher. The grid operator’s latest Annual Markets Report concluded that wholesale electricity markets remained competitive despite rising costs. Total wholesale…...
The Minnesota Public Utilities Commission on May 29 approved a portfolio of transmission upgrades designed to ease grid congestion, lower electricity costs, and improve the delivery of renewable energy across the state. The decision follows the commission’s review of the 2025 Grid Enhancing Technologies Report, submitted by Minnesota’s major transmission owners under a 2024 state…...
The California Air Resources Board on May 29 adopted revisions to the state’s Cap-and-Invest Program, strengthening emissions limits through 2045 while expanding consumer protections and support for energy-intensive industries. The updates are intended to keep California on track to meet its climate goals, provide long-term market certainty, and address affordability concerns amid economic uncertainty and…...
The U.S. Environmental Protection Agency on May 28 restored affirmative defense protections under federal air permitting regulations following a federal court ruling that overturned a 2023 Biden administration rule. The move relieves manufacturers, power producers, and other industrial facilities from potential liability for excess emissions caused by unavoidable events such as equipment malfunctions, emergencies, or…...
The Midcontinent Independent System Operator on May 27 advanced a fourth round of projects under its Expedited Resource Addition Study, or ERAS, program, continuing efforts to speed new generation development as utilities confront rising electricity demand and tightening reserve margins across the Midwest and South. The latest cycle includes seven projects totaling about 3.7 gigawatts…...
The Minnesota Public Utilities Commission on May 26 approved a site permit for Xcel Energy to develop the Sherco South and West Battery Energy Storage Project, a 600-megawatt battery facility planned at the site of the Sherburne County Generating Station in Becker, Minnesota. The decision advances Minnesota’s efforts to replace retiring coal-fired generation with battery…...
The U.S. Energy Information Administration on May 19 highlighted projections showing electricity demand from data center servers rising sharply through 2050, driven by expanding artificial intelligence applications and deployment of high-powered computing infrastructure across the commercial sector. In its Annual Energy Outlook 2026, released April 8, the agency projects server-related electricity consumption could climb to…...
The Minnesota Public Utilities Commission on May 18 approved a broad set of safeguards governing how Xcel Energy may serve future high-demand electricity customers, including data centers and industrial facilities, as Minnesota prepares for rapid growth in electricity demand. The action implements a state law requiring very large customers to pay the full costs associated…...
The New York State Public Service Commission on May 14 approved temporary delivery rate increases for New York State Electric & Gas Corporation (NYSEG) and Rochester Gas and Electric Corporation (RG&E) that are significantly lower than the utilities’ requested hikes, giving regulators additional time to review one of the largest utility rate cases in recent…...
