Mexican state oil company Pemex placed a bond of $2 billion in the international debt markets in line with operating and marketing measures unveiled in September to lower the company’s budget deficit for this year by about 38 percent, according to the company’s Oct. 16 news release. The bond, with a 10-year maturity period, yields…
PJM Interconnection LLC’s board of managers initiated an independent investigation into GreenHat Energy LLC’s default in the grid operator’s financial transmission rights or FTR market, according to an Oct. 16 news release. FTR is a financial product that allows market participants to hedge the costs of day-ahead transmission congestion. GreenHat, a Texas-based financial trading company,…
NV Energy Inc. issued a request for proposals for projects of at least 20 megawatts to add 350 megawatts or more renewable energy capacity in Nevada, according to the company’s Oct. 16 press release. The solicitation is open to solar, geothermal, wind, biomass and biogas technologies that comply with the state’s renewable portfolio standards. The…
The Trump Administration enacted the largest tax cut in over 30 years in 2018. The historic reductions are having a seismic impact on dozens of investor-owned electric utilities across the nation, leaving them with billions of dollars in over-collected revenues and slashing the rates they can charge consumers. EnerKnol’s first-of-its-kind report provides a comprehensive snapshot…...
The U.S. shale revolution which kicked off a decade ago ushered in a new era for natural gas which has reshaped the power grid overtaking coal as the dominant source of electricity generation and established a thriving market for liquefied natural gas exports. The U.S. has remained the world's top producer of natural gas since 2009, and natural gas accounts for a third of all U.S. electricity generation. Last year, the U.S. became a net natural gas exporter for the first time in almost 60 years. The trend is expected to continue with growing production, increasing export capacity, and expanding gas infrastructure.
The Federal Energy Regulatory Commission set a Nov. 21 deadline to issue an environmental assessment for Northern Natural Gas Company’s Northern Lights 2019 Expansion Project and the Rochester Project in Minnesota, according to the agency’s Oct. 15 notice. The projects consist of new pipeline and compression facilities that would together increase natural gas transportation service…
Electric generation capacity losses resulting from nuclear plant outages spiked in early September as a result of earlier than expected maintenance, adverse weather conditions and early retirement, according to the EIA’s latest data. Hurricane Florence caused a nine-day unscheduled outage at the 1,870-megawatt Brunswick Nuclear Plant in North Carolina, which was forced to safely shut…
The Illinois Commerce Commission announced that Sperian Energy Corp., an alternative retail electric supplier, would return $2.65 million to Illinois consumers as a result of a multi-agency enforcement action for violations pertaining to marketing of retail electric products, according to an Oct. 15 news release. The agency initiated a proceeding against the company in July…
New Jersey state Assembly member Harold Wirths, a Republican, introduced legislation on Oct. 15 that would require the board of public utilities to establish mechanisms for electric suppliers and utilities to procure energy storage as part of their distribution and transmission system planning process. The legislation would require the board adopt rules and regulations that…
Commonwealth Edison Company proposed that residential and commercial monthly bills display the “price to compare” for accounts of 15,000 kilowatt-hour or less of annual usage, according to an Oct. 15 filing. In July, the commission asked regulated utilities to clearly display the message so that customers can easily find and understand their current electric cost…
The Connecticut Public Utilities Regulatory Authority proposed to update rules that require licensed electric suppliers to provide timely and accurate information to distribution companies for inclusion on residential customer bills, according to an Oct. 15 draft decision. The proposed update would require distribution companies to reject enrollments that lack supply summary information and place them…
