Under current and planned policies, global energy demand is expected to grow by over 25 percent to 2040, requiring an annual investment of more than $2 trillion in new energy supply, according to the International Energy Agency’s World Energy Outlook published on Nov. 13. The agency said that over 70 percent of global energy investments…
President Donald Trump nominated Bernard L. McNamee to the Federal Energy Regulatory Commission for the term ending June 30, 2020, to fill the vacancy resulting from Commissioner Robert Powelson’s resignation in August, according to an Oct. 9 release from the agency. McNamee currently serves as the Executive Director of the U.S. Energy Department’s Office of…
The Illinois Commerce Commission announced that Commonwealth Edison Company’s customers will see $318 million in benefits as a result of a settlement concerning the allocation of costs for transmission facilities in the PJM Interconnection LLC’s footprint, according to the agency’s Sept. 25 press release. The settlement, approved by the Federal Energy Regulatory Commission, is a…
The U.S. Department of Agriculture is investing $398.5 million to improve rural electric service in 13 states, according to a Sept. 19 press release. The spending includes about $43.7 million for smart grid technology to enhance the reliability and efficiency of electric power systems. The loan will also finance an 81 MW solar photovoltaic farm…
New Jersey state Senators Paul Sarlo, a Democrat, and Steven Oroho, a Republican, introduced legislation on Sept. 17 that would encourage private capital investment to develop energy-related projects at government facilities that lack the ability to address the energy infrastructure needs. The bill seeks to leverage private sector financing and expertise at a time when…
