ALREADY A CUSTOMER?   
week of Oct. 8, 2018

Happy Friday! Get ahead of the competition with the EnerKnol Week Ahead, the newsletter with a handpicked list of energy policy events you don't want to miss. Coming up, South Carolina gives consumers a chance to speak on the $9 billion V.C. Summer debacle as they review the SCANA-Dominion merger; New Jersey hammers out the procedural details of its new nuclear subsidy program; Pennsylvania looks into rate designs as technologies unlock new possibilities. All of this and more via the EnerKnol Platform.

Featured Entities


EIA

FERC

IEA

Maine PUC

Minnesota PUC

New Jersey BPU

Pennsylvania PUC

S. Carolina PSC

Federal Agencies

Starts
Monday,
October 8

Ends
Friday,
October 12
FERC Exelon Retirement Waiver Hearings

The Federal Energy Regulatory Commission will continue its discussion of an agreement allowing Exelon Corp.’s Mystic 8 and 9 natural gas-fired generating units to collect cost-of-service payments to stay in operation. Following Exelon’s bids to retire the money-losing plant in 2022, ISO New England Inc. asked for waivers to maintain them, arguing the loss of the 1,700 megawatts of capacity and closure of the accompanying Distrigas liquefied natural gas terminal would lead to “unacceptable fuel security risks”. FERC denied the ISO’s request in July and ordered it to address regional fuel security needs by July 2019. The New England Power Generators Association estimated that support for the generator could displace up to about 1,300 megawatts of economic resources and suppress prices by up to $642 million in the grid’s next auction. (ER18-1639)

Wednesday,
October 10
EIA Winter Fuels Outlook

The U.S. Energy Information Administration will issue its Short-Term Energy Outlook report, providing a forecast of energy supply, demand, and prices, including the Winter Fuels Outlook. The agency recently unveiled that U.S. energy related carbon emissions in 2017 dropped 0.9 percent from the prior year and 14 percent below 2005 levels. Although the gross domestic product grew by 2.3 percent from 2016 to 2017, the agency said that emissions were more than offset by a decline in carbon intensity in energy supply, energy intensity, and overall economy. (Previous Report)

Eastern Region

Starts
Monday,
October 8

Ends
Tuesday,
October 9
SC PSC SCANA-Dominion Merger Hearing

The South Carolina Public Service Commission will discuss Dominion Energy Inc.’s $14.6-billion acquisition of SCANA Corporation, including the process of integrating departments, timelines for combining services and construction progress reports. The companies announced the merger in January after SCANA subsidiary South Carolina Electric & Gas Co. decided last July to abandon a $9-billion expansion of the V.C. Summer nuclear plant. Dominion seeks to complete the transaction by year end. (2017-305-E)

Tuesday,
October 9
PA PUC Diverse Rate Designs

The Pennsylvania Public Utility Commission is due to receive comments on its tentative implementation order for Act 58 of 2018, which allows public utilities to petition the regulator for various alternative ratemaking mechanisms as part of utilities’ base rate proceedings. Pennsylvania Governor Tom Wolf, a Democrat, signed legislation on June 28 that authorizes the state public utility commission to allow a range of rate designs including revenue decoupling, performance-based rates, formula rates, and multi-year rate plans. The bill sought to take advantage of innovations in utility operations and information technology to benefit consumers. (HB 1782)

Thursday,
October 11
ME PUC Tax Cuts Investigation Hearing

The Maine Public Utilities Commission will discuss how best to amortize and return Emera Maine’s excess deferred income taxes arising from the Tax Cuts and Jobs Act of 2017. In July, regulators authorized Emera to increase its distribution rates by about $4.5 million, or 5.32 percent, down from its request of $10 million. The reduction reflects in large part savings related to the tax law, which was passed after Emera Maine’s initial rate filings. Emera Maine is a subsidiary of Emera Inc. (2018-00271)

Starts
Wednesday,
October 10

Ends
Thursday,
October 11
NJ BPU Zero Emission Certificates Program Hearing

The New Jersey Board of Public Utilities will receive feedback on the state’s new Zero Emission Certificate program for nuclear power plants, which seeks to compensate the fuel diversity and zero-carbon attributes of nuclear power. The law, enacted in May, set a $300 million annual subsidy for the state’s nuclear plants, which account for 39 percent of its electricity generation. Under the legislation, electric distribution companies must file a tariff to recover from their retail customers a charge of $0.004 per kilowatt-hour for the emissions reduction benefits associated with the continued operation of qualifying nuclear plants. The program is set to be finalized in November, including an application process for eligibility review and a mechanism for the state’s electric companies to buy certificates. (EO18080899)

Western Region

Tuesday,
October 9
MN PUC Monthly Meeting

The Minnesota Public Utilities Commission will continue its review of the second phase of Xcel Energy Inc.’s 400-megawatt, $320-million Blazing Star Wind Project in Lincoln County, among other issues.

International

Starts
Friday,
October 12

Ends
Friday,
October 12
IEA International Oil Market Report

The International Energy Agency will release its closely watched report on U.S. and foreign oil markets, covering supply, demand and prices. Among recent trends, the U.S. exported 7.3 million barrels per day of crude oil and petroleum products in the first half of 2018, the largest recorded for the first six months of a year. Crude oil exports, which exceeded hydrocarbon gas liquids exports, were about 80 percent higher compared to the first half of 2017, with 1.8 million barrels per day exported. (Previous Report)