Discussion around performance-based regulation (PBR) continues to evolve as utilities and regulators explore a framework aimed at strengthening the connection between utility returns and performance.
Dominion Energy Inc. on Nov. 5 filed an application with the Virginia State Corporation Commission seeking approval to build a 2.6 gigawatt offshore wind project. The Coastal Virginia Offshore Wind commercial project, which represents a $9.8 billion investment, would be the biggest offshore wind project in the U.S. The project would contribute to Virginia’s goal…...
The U.S. Energy Department on Nov. 3 launched the Net Zero World Initiative, a partnership between countries working to implement their climate action pledges and speed up the shift to net zero, resilient, and inclusive energy systems. The agency will lead the initiative as part of the Build Back Better World initiative to facilitate customized,…...
Eastern Gas Transmission and Storage Inc. (EGTS), which provides natural gas transportation and storage services with one of the largest underground natural gas storage systems in the U.S., has requested a whopping 214 percent increase in cost of service rates in its first general rate case filed with federal regulators since 1998. The proposed changes have drawn protests from over two dozen companies that rely on the EGTS system for transportation and storage services.
Interest in carbon pricing mechanisms has deepened as lawmakers and regulators explore policy tools to address emissions reductions in order to reach ambitious clean energy and climate goals. Cap-and-trade is figuring more prominently as an efficient market-based means to achieve significant carbon reductions and create an incentive to invest in non-emitting technologies.
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…...
Energy storage is becoming an increasingly important part of the power mix to accommodate the exponential growth of intermittent renewables required to accomplish ambitious decarbonization targets set by U.S. states and utilities.
