The Nova Scotia Utility And Review Board on Aug. 13 approved Nova Scotia Power Inc.’s 2024 Annual Capital Expenditure Plan, or ACE, which details the company’s proposed capital spending for the next year. The company sought approval for capital projects totaling $257.6 million. Nova Scotia Power estimates its total capital spending for 2024 at $433.9…...
U.S. wind generation hit a record high during April 2024, according to a Aug. 13 report published by the U.S. Energy Information Administration. In addition, electricity produced as a result of wind generation surpassed coal fired production during both March and April 2024. Prior to this, U.S. wind generation surpassed coal-fired generation for the first…...
New York Governor Kathy Hochul on Aug. 13 announced that school districts and operators of zero-emission school buses can avail an additional $200 million bus purchases, charging infrastructure, or planning fleet electrification. The additional funding is a part of the 2022 Clean Water, Clean Air, and Green Jobs Environmental Bond Act, and is allocated through…...
Global proved reserves of crude oil and natural gas that were held by 175 publicly traded exploration and production businesses rose by 2 billion barrels of oil equivalent, or one percent during 2023, according to an Aug. 12 report published by the U.S. Energy Information Administration. Proved reserves refer to the estimated volumes of hydrocarbon…...
PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from…Read the full report…...
The Minnesota Public Utilities Commission on Aug. 9 granted approval for Xcel Energy Inc.’s updated Resilient Minneapolis Project aimed to bolster resilience in disadvantaged communities. Initially approved in 2022, the purpose of the project is to deploy rooftop solar, battery storage, and microgrid controls at the Minneapolis American Indian Center, Sabathani Community Center, as well…...
The Minnesota Pollution Control Agency on Aug. 8 released a detailed report highlighting the state’s progress in advancing its Climate Action Framework. Among other things, the report highlights that in 2023 and 2024, the state legislature passed over $1 billion in funding to transition to clean energy, to reduce emissions, and to prepare communities for…...
The Biden administration on Aug. 9 highlighted five key cyber enabled technologies that it will prioritize to enhance the digital ecosystem for a secure energy future. In line with the National Cybersecurity Strategy’s pledge to the cyber enabled foundations of the energy transition, the administration is committed to ensuring that the digital ecosystem remains equipped…...
PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from a reduced electricity supply, mainly due to numerous generator retirements, coupled with rising demand and the implementation of market reforms, according to PJM, which operates across 13 states and the District of Columbia.
The U.S. Energy Department’s Loan Programs Office on Aug. 8 announced a conditional loan guarantee commitment of up to $1.45 billion to QCells, a crystalline silicon solar manufacturer, to support a solar supply chain facility in Cartersville, Georgia. The facility would be capable of producing 3.3 gigawatts (GW) of solar panels annually, which has the…...
The U.S. Treasury Department on Aug. 7 reported that over 3.4 million U.S. consumers benefited from $8.4 billion in tax credits to reduce the costs of clean energy and energy efficiency enhancements to their households during 2023. This is the first public release of data from 2023 tax filing displaying the benefit of clean energy…...