Federal agencies, including the Department of the Interior and the Environmental Protection Agency, on June 24 released their initial lists of programs covered under the Biden administration’s Justice40 Initiative launched in 2021 to ensure that disadvantaged communities receive the benefits of investments in terms of climate, clean water, and energy. The goal of the initiative…...
The U.S. Energy Department on June 28 issued the 2022 U.S. Energy and Employment Report. A key finding of the report was in the face of economic uncertainty, the energy sector undertook optimistic job growth, increasing 4 percent from 2020 to 2021, outperforming general U.S. employment, which climbed 2.8 percent in the corresponding period. In…...
The Federal Energy Regulatory Commission on June 27 approved an agreement between its Office of Enforcement and Salem Harbor Power Development LP to resolve allegations that the company engaged in a fraudulent scheme in ISO New England Inc.’s capacity auction to secure capacity payments. The company agreed to a civil penalty of $17 million and…...
PJM Interconnection LLC’s capacity market auction for the 2023-2024 delivery year cleared at $34.13 per megawatt-day (MW-day), which is nearly 32 percent lower compared to the 2021 auction and the lowest in almost a decade. The auction results reflect a low-carbon resource mix, with a growth of more than 5,000 cleared megawatts of carbon-free resources, according to the grid operator, which operates across 13 states and the District of Columbia.
The Michigan Public Service Commission on June 23 approved a settlement agreement that allows Consumers Energy Co. to exit coal-fired generation by 2025 and add 8 gigawatts of solar energy to the grid. The settlement pertains to the company’s integrated resource plan, or IRP, which identifies the optimal mix of resources to serve customers over…...
The U.S. Energy Department on June 23 announced it will spearhead the development of an all-encompassing offshore wind supply chain action plan by participating in the Biden administration’s Federal-State Offshore Wind Implementation Partnership. The landmark partnership is a forum between the White House National Climate Advisor, the Secretaries of the Interior, Energy, Commerce, and Transportation,…...
PJM Interconnection LLC’s capacity auction for the 2023/2024 delivery year cleared at $34.13 per megawatt-day, which is nearly 32 percent lower compared to the 2021 auction, according to the grid operator’s June 21 news release. The auction procured adequate resources to meet energy needs in PJM’s service area, which covers all or part of the…
The California Public Utilities Commission on June 15 allotted proposed orders enforcing curative actions and more than $22 million in fines to be paid by the shareholders of Pacific Gas and Electric Company (PG&E), Southern California Edison, and San Diego Gas & Electric for violations associated with their 2020 Public Safety Power Shutoff, or PSPS,…...
The Federal Energy Regulatory Commission on June 16 announced a proposed rule to address backlogs in the interconnection queue that, if finalized, could accelerate grid interconnection processes. The increased demand for energy compels the commission to expedite and streamline the process of connecting electric generation facilities to the grid. More than 1.4 terawatts of generation…...
The U.S. liquefied natural gas (LNG) sector is poised for more growth amid surging natural gas prices, growing export capacity, and high demand due to Europe's supply crisis. Currently, about 25 LNG projects are under construction or under different stages of planning across the country.
