Russia’s invasion of Ukraine has been met with heavy economic sanctions from the U.S. and most European countries, while companies across the oil and gas value chain have announced plans to abandon investments in Russia. The Railroad Commission of Texas has also shown its support to encourage oil and gas companies to discontinue business associations…...
The U.S. and the 30 other member countries of the International Energy Agency have agreed to release 60 million barrels of oil from strategic reserves on Mar. 1 to ensure continuity of crude supplies amid Russia’s invasion of Ukraine. This is only the fourth time the IEA has undertaken a coordinated drawdown since it was…...
The Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) on Feb.26 published a co-operative cybersecurity advisory providing a summary of damaging malware that has been used to target Ukrainian organizations, along with direction on how organizations can detect and ensure privacy, protection, and safety of their networks. Organizations, following the…...
The California Public Utilities Commission on Feb.24 announced biomethane buying targets to reduce short lived climate pollutant emissions, or SLCPs, as part of an ongoing effort to support clean energy. The commission has established a biomethane purchasing plan, that is comprehensively thought out, to help accomplish California’s goal of a 40 percent reduction in methane…...
The New Jersey Board of Public Utilities (NJBPU) on Feb. 8 announced that the state’s third solicitation for offshore wind development will be issued in January 2023 instead of September 2022. The new timeline complements the coordinated transmission solution facilitated by a joint agreement between NJ BPU and PJM Interconnection LLC. Nevertheless, solicitations 4 and…...
Upgrading and expanding the U.S. electric transmission system is key to enhancing grid reliability and resilience while enabling greater integration of carbon-free resources to meet clean energy goals.
The U.S Energy Department on Feb. 24 published a comprehensive plan that details more than 60 actions to boost U.S. supply chain resiliency, stimulate domestic manufacturing capacity, and support job creation. The all-encompassing report labelled, “America’s Strategy to Secure the Supply Chain for a Robust Clean Energy Transition,” examines a number of paramount strategies to…...
The first offshore wind auction held under President Joe Biden’s administration drew a record $4.37 billion in winning bids, according to a Feb. 25 press release from the Department of the Interior. The auction provisionally offered six leases covering an area of about 488,000 acres in the New York Bight, which spans the eastern tip…...
The thirtieth quarterly carbon auction held by California and Quebec sold all more than 58.5 million carbon permits offered for current emissions at a price of $29.15 per allowance, above the floor price of $19.70, according to the results released on Feb. 24 by the California Air Resources Board. The settlement price is nearly 3.1…...
The Indiana Utility Regulatory Commission on Feb. 23 approved a rate settlement agreement that will decrease the annual revenues of Indiana Michigan Power Company by 5.9 percent or $94.7 million. This will occur over two phases with the first phase effective immediately. The second phase will take effect in January 2023. The order represents a…...
The Federal Energy Regulatory Commission on Feb.17 initiated an investigation to assess whether the application of dynamic line ratings, or DLRs, would improve just and fair transmission rates, by enhancing the precision of line ratings. The DLR is an electric power transmission operation idea, aiming at increasing load, when weather conditions allow it. The commission…...