Week Ahead: FERC’s Cybersecurity Incentives, BOEM’s Oil and Gas Lease Sales, CT Discusses Performance-Based Ratemaking
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U.S. Interior Disburses $21.5 Billion in Fiscal Year 2022 Energy Revenue
The U.S. Interior Department has announced the second-highest disbursement, amounting to $21.53 billion, in energy revenues in fiscal year 2022. The disbursement includes the largest revenue from renewable energy initiatives on federal lands and waters including a record $4.37 billion from the New York Bight offshore wind lease sale. Since 1983, the above payout is…...
U.S. Energy Department Announces $35 Million to Help Tribal Nations Benefit From Clean Energy Deployment
The U.S. Energy Department on Nov. 1 announced new funding opportunities to facilitate clean energy deployment on tribal lands and power unelectrified tribal buildings. The financing will encourage tribal energy and economic expansion by assisting local populations to take advantage of the benefits associated with clean energy deployment. The funding adds to investments made by…...
Russia-Ukraine Conflict Pushing Transition to Sustainable, Secure Energy System: IEA World Energy Outlook
The International Energy Agency (IEA) on Oct. 27 released the World Energy Outlook 2022, which covers a variety of topics which range from causes of the energy crisis, the roadmap to net zero emissions, energy security, and the outlook for demand. Russia’s invasion of Ukraine initiated the globe’s first energy crisis and has led to…...
New York Commission Approves National Grid’s Programs to Cut Peak Gas Demand, Encourage Smart Technology Systems
The New York Public Service Commission on Oct. 12 approved revisions to National Grid’s gas demand response programs to lower consumption during cold weather and peak usage periods during the impending winter heating season. The commission finalized plans for the utility’s downstate service territories for residential and business users, and to execute the same programs…...
California Revises Load Management Standards to Help Consumers Manage Peak-Time Energy Use
The California Energy Commission has implemented updates to the state’s load management standard that will provide customers more well-timed and precise data on electricity costs. The availability of this information will assist consumers in controlling energy use, and become vital during periods when demand is high. In principle, the updates support grid reliability and lower…...