The New York State Public Service Commission on Oct. 12 denied petitions seeking additional funding from consumers for four proposed offshore wind projects and 86 land-based renewable energy projects. The petitions filed by major offshore wind developers and a clean energy group sought amendments to power purchase agreements with the New York State Energy Research…...
U.S. crude oil exports reached a record 3.99 million barrels per day (b/d) during the first six months of 2023, up 650,000 b/d compared to the same period in 2022, according to an Oct. 10 report issued by the U.S. Energy Information Administration. U.S. crude oil exports during the period were at their highest levels…...
Latest developments in the policy and regulatory landscape governing competitive retail electricity markets are focused on efforts to enhance consumer protection and benefits. Recent actions range from…Read the full report…...
Latest developments in the policy and regulatory landscape governing competitive retail electricity markets are focused on efforts to enhance consumer protection and benefits. Recent actions range from establishing stricter reviews of electric supplier licenses to cyber and data security requirements.
The Bureau of Ocean Energy Management on Oct. 6 announced the availability of its draft environmental impact statement for the construction and operations plan presented by US Wind Inc. for its planned Maryland Offshore Wind Project. The draft evaluates the possible environmental impacts of the state’s offshore wind projects and offers amendments to the planned…...
U.S. peak hourly electricity demand on July 27, 2023, reached 741,815 megawatt hours (MWh), according to an Oct. 5 report from the U.S. Energy Information Administration. The peak hourly demand was the second highest since 2016 and was marginally below the record high of 742,704 MWh last year on Jul. 20. U.S. peak electricity demand…
The states of Massachusetts, Rhode Island, and Connecticut, on Oct.4 announced an offshore wind multi-state coordination memorandum of understanding for offshore wind in New England. The collaboration, the first of its kind in the U.S, aims to capture cost reductions by facilitating the development of large-scale, viable offshore wind projects, thereby enabling the acquisition of…...
U.S. exports of natural gas averaged 20.4 billion cubic feet per day (Bcf/d) during the first half of 2023, up 4 percent compared to the same period in 2022, according to an Oct. 4 report by the U.S. Energy Information Administration. The increase in U.S. gas exports can be attributed to the continued growth in…
The average construction costs of natural gas-fired generators, wind turbines and solar PV systems declined in the U.S. during 2021 relative to 2020, according to an Oct. 3 report by the U.S. Energy Information Administration. Average construction expenditures declined by 18 percent for gas fired generators, 5 percent for wind turbines and by 6 percent…...
The U.S. Energy Department on Sept. 29 announced a $9 million program to enhance state and regional participation in wholesale power markets. The initiative – Wholesale Electricity Market Studies and Engagement Program – is designed to provide technical and financial support for states and regional entities to develop, expand, and improve wholesale markets. Such collaboration…...