Data collected by the U.S. Energy Information Administration shows that during the first quarter of 2023 capital expenditure for 40 publicly traded U.S. oil exploration and production companies increased compared to the fourth quarter of 2022. The data also shows that cash from operations declined during the first quarter of 2023, compared to the previous…...
During the first half of 2023, developers added 16.8 gigawatts of new electricity generating capacity to the U.S. electricity grid, according to an Aug. 8 report from the U.S. Energy Information Administration. Solar power represented the largest share of the new power generating capacity at 35 percent. Natural gas-fired generating capacity represented 34 percent and…...
The Illinois Commerce Commission on Aug. 3 opened an inquiry into Ameren Illinois Company’s cost-benefit analysis of its continued membership in the Midcontinent Independent System Operator (MISO) versus joining PJM Interconnection, which manages the grid in the northern part of the state. The study, released last month, concluded that MISO Zone 4 utilities joining PJM…...
The Bureau of Ocean Energy Management on July 31 announced three final Wind Energy Areas with a total area of around 356,550 acres, situated offshore Delaware, Maryland, and Virginia. These areas underwent meticulous development, with extensive engagement and feedback from states, Tribes, local residents, ocean users, federal government partners, and the broader public. Aligned with…...
A new 1,114-megawatt reactor at Georgia’s Vogtle nuclear power plant has begun commercial operation, joining two existing reactors at the plant, which is jointly owned by Georgia Power and three other utility companies. This is the first new reactor to start up in the U.S. since the Tennessee Valley Authority’s Watts Bar 2 was commissioned…...
The U.S. Energy Department on July 31 announced a significant initiative, making available up to $453.5 million from the Puerto Rico Energy Resilience Fund to accelerate the adoption of residential rooftop solar PV and battery storage systems throughout the region. The funding is part of a $1 billion effort focused on the island’s most vulnerable…...
LNG feed gas – natural gas deliveries by pipelines to U.S. liquefied natural gas export facilities – averaged 12.8 billion cubic feet per day during the first half of this year, up 0.5bcf/d or 4 percent compared to the same period in 2022 and 1 bcf/d or 8 percent higher than the annual average in…...
The U.S. Energy Department on July 26 announced $33 million to fund 14 clean-energy research projects, aiming to rectify the historical imbalance in federal scientific funding across the country. The diverse projects aim to cover crucial areas such as grid integration, renewable energy such as solar and wind energy, and advanced manufacturing. By promoting equitable…...
Power demand in Texas hit record highs in late June and July as homes and businesses increased air conditioning, fans, and other cooling equipment to tackle extreme heat waves. Hourly demand on the Texas power grid peaked at 82,579 megawatthours on July 18 in the 6:00 p.m. hour central time, according to a July 26…...
The average monthly spot U.S. natural gas price declined between January 2023 and June 2023 by 34 percent, or $1.12 metric million British thermal units, according to a July 24 report from the U.S. Energy Information Administration. The report, based on data from Refinitiv Eikon, attributes the price decrease to a comfortable supply picture due…...
The U.S. Interior Department on July 19 announced the allocation of $120 million in funding as part of President Biden’s Investing in America agenda, forming a part of a larger $440 million investment for Tribal climate resilience programs. The funding aims to assist Tribal communities in combating severe climate-related environmental challenges in their homelands through…...
The U.S. Energy Department on July 17 announced $150 million for states through a grant program to train residential energy efficiency and electrification contractors. The initiative, State-Based Home Energy Efficiency Contractor Training Grants Program, is funded by the 2022 Inflation Reduction Act, or IRA. The purpose of the initiative is to train a new generation…...
