Natural gas markets have a tendency to react to regional factors while crude oil markets respond swiftly and most times drastically to world events, according to a April 29 report from the U.S. Energy Information Administration. The correlation of daily price movements across the West Texas Intermediate, or WTI, and Brent are typically above 0.90…....
U.S. petroleum consumption dropped to its lowest level in nearly three decades due to the travel restrictions in place to curb the spread of COVID-19, as well as the economic downturn resulting from the pandemic, according to an April 23 report from the Energy Information Administration. The U.S. demand averaged 14.1 million barrels per day…...
The U.S. Energy Department on April 23 released a report by the Nuclear Fuel Working Group, which outlines a strategy for the U.S. to regain its global leadership in nuclear energy and technology. The report recommends potential actions to enhance the positive attributes of nuclear power, restore the viability of the nuclear-fuel cycle, strengthen U.S…....
The New Jersey Board of Public Utilities on April 27 proposed to amend its solar energy rule and create a Transition Incentive Program to replace the Solar Renewable Energy Certificate, or SREC, initiative. The board ordered the closure of the SREC program effective April 30, declaring that the state has attained the milestone set by…...
New Jersey and Maryland filed a lawsuit with the D.C. Circuit Court of Appeals, challenging the Federal Energy Regulatory Commission’s order directing PJM Interconnection LLC to extend the minimum offer price rule, or MOPR, to state-subsidized resources, according to an April 27 news release. Several states have criticized the move, citing its potential to harm…...
The New Mexico Public Regulation Commission on April 29 put off a decision on the Public Service Company of New Mexico’s plan for two solar-plus-battery projects to partially replace the generation from the San Juan Generating Station scheduled for retirement by 2022. In a March 27 recommended decision, hearing examiners suggested that the commission approve…...
The California Public Utilities Commission on April 27 proposed to revise the current guidelines for electric utilities’ Public Safety Power Shut-off, or PSPS, events ahead of the 2020 wildfire season. The revisions include new safety measures that utilities must adopt to better understand and address the needs of affected communities, and minimize the duration and…
Skipjack Offshore Energy LLC revised the estimated commercial operating date for its 120-megawatt offshore wind project from November 2022 to the end of 2023, according to an April 21 filing with the Maryland Public Service Commission. Orsted said it is receiving its federal notice of intent for the project later than expected as the “federal…...
The New Jersey Department of Environmental Protection, Board of Public Utilities, and Economic Development Authority on April 17 released a three-year plan to invest the proceeds from the carbon auctions held under the Regional Greenhouse Gas Initiative, or RGGI. The state plans to invest an estimated $80 million each year in clean energy and climate…
Tri-State Generation and Transmission Association Inc., a wholesale generation and transmission cooperative, on April 16 asked the Federal Energy Regulatory Commission to authorize the transfer of electric service contracts as part of a 2019 agreement under which Delta-Montrose will withdraw membership from Tri-State. The transaction allows Tri-State to assign its wholesale electric service contracts with…...
The U.S. Energy Department on April 24 announced $46 million funding for cost-shared research and development projects that capture and store carbon dioxide emissions from industrial sources. The department also selected five projects to receive $85 million under a previously announced funding opportunity to accelerate wide-scale deployment of these technologies. While carbon capture, utilization, and…...
The California Public Utilities Commission on April 20 proposed to approve Pacific Gas & Electric Company’s bankruptcy reorganization plan with conditions, including changes to the company’s governance structure, enhanced oversight, and creation of local operating regions. The commission also proposed $1.937 billion in penalties for the utility’s role in causing the catastrophic wildfires in its…