Texas Governor Greg Abbott on Aug. 4 announced a loan agreement between the Public Utility Commission and NRG Energy Inc. under the Texas Energy Fund, or TEF, to support a 456-megawatt (MW) natural gas-fired power plant in Houston. This marks the second loan agreement under the TEF’s In-ERCOT Generation Loan Program, designed to provide low-interest…...
Transmission planning efforts across the U.S. increasingly reflect a focus on regional coordination and proactive infrastructure buildout, driven by rising energy demand and electrification. The Federal Energy Regulatory Commission’s (FERC) latest update to its…Read the full report …...
Transmission planning efforts across the U.S. increasingly reflect a focus on regional coordination and proactive infrastructure buildout, driven by rising energy demand and electrification. The Federal Energy Regulatory Commission’s (FERC) latest update to its landmark transmission planning rule affirms the role of states in transmission planning, while several states are also advancing measures to streamline permitting and accelerate project development.
The UK’s Office of Gas and Electricity Markets on July 30 initiated a broad review into how costs are allocated across the energy system, aiming to assess the fairness and efficiency of existing pricing structures for consumers. The effort, titled the Cost Allocation and Recovery Review, will examine the full spectrum of energy system costs,…...
The U.S. Environmental Protection Agency on July 29 unveiled a proposal to rescind the 2009 endangerment finding, a legal foundation that has enabled federal regulation of greenhouse gas emissions from vehicles for over a decade. Announced by EPA Administrator Lee Zeldin, the proposal seeks to eliminate the statutory basis for more than $1 trillion in…...
New York Governor Kathy Hochul on July 28 announced the launch of the state’s first Bulk Energy Storage Request for Proposals, aiming to procure one gigawatt of storage capacity as part of the state’s broader goal to deploy six gigawatts of energy storage by 2030. Administered by the New York State Energy Research and Development…...
PJM Interconnection LLC’s capacity market auction for the 2026/2027 delivery year cleared at $329.17 per megawatt-day (MW-day), nearly 22 percent higher than the clearing price in the previous auction. The clearing price hit the cap recently approved by the Federal Energy Regulatory Commission (FERC) to…Read the full report…...
PJM Interconnection LLC's capacity market auction for the 2026/2027 delivery year cleared at $329.17 per megawatt-day (MW-day), nearly 22 percent higher than the clearing price in the previous auction. The clearing price hit the cap recently approved by the Federal Energy Regulatory Commission (FERC) to bring stability to the market after last year’s unprecedented ninefold price surge.
The Western Energy Markets Governing Body on July 23 has taken a significant step under the California Independent System Operator’s new independent governance framework by voting to preserve a key grid reliability tool, Assistance Energy Transfers, or AET, within the Western Energy Imbalance Market. The mechanism, introduced in 2023, allows balancing authorities to receive emergency…...
PJM Interconnection LLC’s capacity market auction for the 2026/2027 delivery year cleared at a record-high price of $329.17 per megawatt-day (MW-day), about 22 percent higher than last year’s auction, according to the results announced on July 22. The clearing price hit the price cap approved by the Federal Energy Regulatory Commission following a ninefold increase…...
