The thirty-third quarterly carbon auction held by California and Quebec sold more than 58.02 million carbon permits offered for current emissions at a price of $26.8 per allowance, above the floor price of $19.70, according to the results released on Nov. 23 by the California Air Resources Board. The settlement price is nearly 0.7 percent…...
Efforts to preserve and expand the U.S. nuclear fleet are figuring more prominently across the U.S., spurred by the growing demand for emission-free energy. In particular, policy actions and initiatives are geared towards making nuclear power more competitive.
The North Sea Transition Authority on Nov. 22 announced a new cost efficiency target for redundant oil and gas infrastructure. The authority is reducing the total projection for decommissioning redundant platforms, wells, and pipelines by an extra 10 percent, from £37 billion to £33.3 billion, between 2023 and the end of 2028. The 10 percent…...
The U.S. Energy Department on Nov. 22 announced a new funding opportunity worth $550 million through the Energy Efficiency and Conservation Block Grant, or EECBG, program that will reinforce community-based clean energy projects across the country to support local government and the deployment of clean energy technologies. The funding sponsored by the 2021 Infrastructure Investment…...
The Michigan Public Service Commission on Nov. 18 authorized DTE Electric Company to increase its rates by $30.557 million effective Nov.25. Earlier in January 2022, the company filed an application pursuing a $388 million rate increase to recoup increased investments in its production and distribution system to enhance reliable service to its 2.3 million consumers…...
Ambitious federal goals and initiatives to boost offshore wind power generation, coupled with state commitments, are opening new frontiers for the industry. Recent developments reflect the growing emphasis on transmission infrastructure upgrades and regional planning required to make these goals a reality.
The U.S. Energy Department on Nov. 18 announced $13 billion in new funding opportunities for the growth and modernization of the U.S. power grid. The Grid Resilience Innovative Partnership, or GRIP, program and the Transmission Facilitation Program, funded by the 2021 Infrastructure Investment and Jobs Act, collectively represent the largest federal direct investment in infrastructure…...
Michigan’s distributed energy program experienced a 37 percent surge in participation in 2021 with 14,262 customers and 14,446 installations, according to the Michigan Public Service Commission’s annual Distributed Generation report. In this program, the customers generate their own electricity to reduce their electricity bill and reduce their dependence on the utility companies. Generation capacity from…...
The California Air Resources Board on Nov.16 unveiled the policies and actions the state proposes to implement, in order to reduce its dependence on fossil fuels and become carbon neutral by 2045 or earlier. The revised proposal follows Governor Newsom’s plea for more impactful climate actions and is innovative in both scale and scope. The…...
The Arizona Corporation Commission has approved a new electric vehicle charging tariff for Arizona Public Service Company that encourages daytime solar charging. This new program will promote EV charging during the maximum solar energy production hours at discounted prices, which will not only promote the adoption of electric vehicles fueled by renewable solar energy but…...
