The U.S. Energy Department on Dec. 2 announced $35 million in funding for technologies that aim to reduce methane emissions in the coal, oil, and natural gas sectors. The department selected 12 projects for the grants under a new program called “Reducing Emissions of Methane Every Day of the Year,” or REMEDY, a three-year research…...
U.S. President Joe Biden signed the Infrastructure Investment and Jobs Act into law on Nov.15, unlocking $62 billion for U.S. Energy Department initiatives, including revitalizing domestic manufacturing, expanding access to energy efficiency and clean energy, modernizing the power grid, and advancing next-generation technologies. Among the major provisions, the legislation allocates $6 billion for a Civilian…...
Carbon reduction goals are driving policy support to keep financially-struggling nuclear generation plants operating and encourage new reactors. The fuel diversity and zero-carbon attributes of the resource are fueling the policy debate over its role in meeting state and federal energy and environmental goals.
The Texas Public Utilities Commission on Oct. 21 adopted a rule addressing weather emergency preparedness of power generators and utilities, the first of a two-part process in the development of reliability standards in the wake of the mid-February winter storm event. The rule requires affected companies to implement winter weather readiness recommendations identified in a…...
Natural gas exports rose by 13 percent from 2019 to 2020, reaching 5.3 trillion cubic feet, according to a June 7 report from the U.S. Energy Information Administration. Consumption also grew in the U.S. electric power sector, increasing by 3 percent over the same period. Since 2011, 100 coal plants across the U.S. have been…...
U.S.energy consumption totaled 92.9 quadrillion British thermal units in 2020, a record 7 percent decrease from 2019, according to a June 4 report from the U.S. Energy Information Administration. Renewable energy consumption increased by 2 percent, whereas all other fuels decreased: coal by 19 percent, petroleum by 13 percent, natural gas by 2 percent, and…...
The long-awaited capacity market auction of PJM Interconnection LLC for the 2022-2023 delivery year cleared at $50 per megawatt-day, which is 64 percent lower than the 2018 auction and the lowest in almost a decade. This is the first auction to be conducted by the nation’s largest grid operator under the expanded minimum offer price rule (MOPR) resulting from a 2019 order by the Federal Energy Regulatory Commission.
Washington is moving expeditiously to implement rules and strategies as the state seeks to achieve carbon-free electricity by 2045 and reduce emissions to net zero by 2050. The state is advancing multiple measures ranging from resource planning rules to establishing a carbon cap-and-trade program, and strengthening auto-emission standards.
The Washington legislature on April 24 passed legislation aimed to reduce greenhouse gas emissions by implementing an economy-wide cap-and-invest system. Upon enactment, Washington will become the second state – next to California – to have a comprehensive carbon-pricing program. The state would auction carbon allowances starting in 2023, aligned with the 2030, 2040, and 2050…...
Texas state lawmakers are exploring solutions to address the issues faced during and after the mid-February winter storm event that caused widespread outages across the state. California, which faced a similar predicament due to an unprecedented heatwave in August 2020, albeit smaller in scale and severity, has advanced measures to ensure reliability this summer.
U.S. President Joe Biden on April 22 announced a new target for the U.S. to reduce economy-wide greenhouse gas emissions by 50-52 percent in 2030 relative to 2005 levels. In January, Biden took action to recommit the U.S. to the Paris Climate Agreement, as part of a series of executive actions reflecting his energy agenda…...