New Hampshire Governor Vetoes Bill Aimed to Raise Renewable Energy Standard, Citing Potential to Increase Rates

Republican Governor Christopher Sununu on July 24 vetoed legislation that would have revised the state’s renewable portfolio standard, raising the solar requirement to nearly 19 percent by 2040. Current policy requires 25.2 percent of New Hampshire’s electricity to be sourced from renewable energy by 2025, with a solar carve-out of 0.7 percent by 2020. In...

EnerKnol’s Visual Primer – Ohio Nuclear Bailout Scandal Stirs Up Questions Over Ratepayer Subsidies for Aging Power Plants

The debate over ratepayer subsidies for struggling nuclear power plants has resurfaced, following a racketeering investigation related to a controversial Ohio law, which created a $1 billion bailout for FirstEnergy Corp. last year. The economic troubles of the embroiled industry come to the fore even as states such as New Jersey and Illinois evaluate plans to opt out of the regional capacity market in response to reforms that expanded the minimum offer price rule to subsidized resources.

Michigan Regulator Approves Consumers Energy’s Long-Term Renewable Power Contracts

The Michigan Public Service Commission on July 23 issued six orders approving utilities’ renewable energy proposals, including eight power purchase contracts between Consumers Energy Company and the members of the Independent Power Producers Coalition of Michigan. The contracts are expected to reduce costs by nearly $2.6 million over the life of the contracts. Six of…...

EnerKnol’s Visual Primer – Timely Federal Review Invigorates Offshore Wind Industry Facing Permitting Challenges

In a move commended by offshore wind advocates, federal regulators released a much-awaited environmental analysis of the $2.8 billion Vineyard Wind project, which would be the first U.S. large-scale offshore wind project, and other facilities planned along the East Coast. The review is a step forward in the project’s permitting process and critical for the future offshore wind industry as it braces for challenges from the effects of the COVID-19 pandemic and prolonged permitting timelines.

NYSERDA Requests Funding to Launch Build-Ready Program for Renewable Energy Development

The New York State Energy Research and Development Authority on June 5 submitted a petition to the Public Service Commission, requesting approval to launch and advance the Build-Ready program through 2025. The move is in response to recent legislation that established a Clean Energy Resources Development and Incentives Program through which the agency will advance…...

Connecticut Regulator Provides Relief for Renewable Energy Projects Facing Delays From COVID-19

The Connecticut Public Utilities Regulatory Authority extended the start date for delivery of renewable energy credits, or RECs, from low and zero emission facilities under the state’s LREC/ZREC program to provide flexibility for projects that may be facing delivery delays due to the COVID 19 pandemic, according to a June 1 press release. The agency…...

EnerKnol’s Visual Primer – Fast-Moving U.S. Offshore Wind Industry Braces for Hurdles as COVID-19 Disrupts Supply Chains

Offshore wind energy, which is key to realize the clean energy transition in several East Coast states, is faced with tough challenges as the COVID-19 pandemic disrupts the global supply chain, affecting project timelines. Delays have the potential to threaten power purchase contracts and federal tax credits that are crucial for project economics.

NY Green Bank Commitments Exceed $900 Million, Driving $2.4 Billion in Clean Energy Investments

The NY Green Bank’s fourth quarter of 2019 was the strongest to date, adding nearly $118 million to its portfolio, according to a Feb. 14 announcement. With portfolio commitments exceeding $909 million, the bank has spurred $2.4 billion in clean energy investments. The bank was established in 2013 to alleviate market barriers, motivating private sector…

EnerKnol’s Visual Primer – New Jersey Pursues Bold Strategies to Advance Decarbonization

New Jersey is making strides to accelerate the transition to a clean energy economy. Among recent actions, the state released a comprehensive plan for economy-wide decarbonization, enacted a law to boost electric vehicle use targeting 2 million EVs on the road by 2035, and doubled the offshore wind power goal to 7.5 gigawatts by 2035.

U.S. Court Orders EPA to Review Biofuel Waivers Granted to Refineries Under Renewable Fuel Standard

The U.S. Court of Appeals for the Tenth Circuit on Jan. 24 vacated three orders issued by the Environmental Protection Agency in 2017 granting extensions of small refinery exemptions under the Renewable Fuel Standard, or RFS, program. The court ruled that the agency cannot allow extensions of exemptions that had lapsed, noting that none of…

Ohio Solar REC Prices Slumped As Much As 25 Percent in 2018: Report

The compliance obligations under Ohio’s renewable portfolio standard continue to shift from electric distribution companies to competitive retail suppliers, who were responsible for 78 percent of the requirements, up from 77 percent in the prior year, according to a Nov. 13 draft annual report by the Ohio Public Utilities Commission staff. Electric distribution utilities accounted…

Virginia Regulator Approves New Rates for Dominion Customers to Purchase Renewable Energy Certificates

The Virginia State Corporation Commission on Oct. 31 approved Virginia Electric and Power Company’s rate option that allows customers to voluntarily buy renewable energy certificates, or RECs, sourced from a broad range of generation facilities to match all or a portion of their usage. The company proposed to offer the new rate, called “Rider REC,”…