The U.S. Energy Department on Aug. 29 announced a new commercial agreement between Nuclear Power Ghana (NPG) and Regnum Technology Group, a U.S. nuclear technology project developer, to deploy a NuScale VOYGR-12 small modular reactor plant in Ghana. The deal was signed at the second annual U.S.-Africa Nuclear Energy Summit held in Nairobi, Kenya. Regnum…...
The NARUC 2024 Annual Meeting has announced its confirmed speakers for the Monday Afternoon General Session. The panel includes: Hon Kim David, OCC Commissioner Sid MacAnnally, CEO, One Gas Alan Armstrong, CEO, Williams Company Toby Rice, CEO, EQT The Annual Meeting is NARUC’s capstone event of the year, featuring a year-end summary from President Fedorchak,…...
The U.S. Interior Department on Aug. 29 announced that it will hold an offshore wind energy lease sale off southern Oregon. The auction, scheduled for Oct. 15, includes two areas that have the potential to generate over 3.1 gigawatts (GW) of renewable energy and supply about one million homes. The announcement follows a series of…...
The California Energy Commission has announced the launch of its Zero-Emissions School Bus and Infrastructure Program, or ZESBI, a $500 million funding program that is expected to put 1,000 zero-emission school buses on the road. The program will provide school districts with financial and technical assistance to purchase new electric school buses and related charging…...
Despite facing hurdles, the U.S. offshore wind industry continues to make progress. The Vineyard Wind project off Massachusetts is under investigation after a turbine blade failure, and a Gulf of Mexico lease auction has been canceled due to…Read the full report…...
Despite facing hurdles, the U.S. offshore wind industry continues to make progress. The Vineyard Wind project off Massachusetts is under investigation after a turbine blade failure, and a Gulf of Mexico lease auction has been canceled due to a lack of interest. Nevertheless, ambitious plans to expand the industry are moving forward, including the implementation of the first floating offshore wind research lease and California’s plan to procure 7.6 gigawatts (GW) of capacity.
The U.S. Energy Department on Aug. 29 announced Arizona’s launch of its first Home Energy Rebates Program established by the 2022 Inflation Reduction Act, or IRA. The first state to initiate the program was New York, which announced the program on May 30. The launch is part of a wider national initiative to deliver $8.8…...
In 2022, U.S. consumer spending on energy surged by 22 percent compared to 2021, exceeding $1.7 trillion after adjusting for inflation, according to an Aug. 28 report published by the U.S. Energy Information Administration. The increase was driven by higher U.S. energy prices, particularly higher petroleum prices for transportation. Petroleum and natural gas prices were…...
The U.S. retail price for all types of regular gasoline averaged $3.31 per gallon (gal) on Aug. 26, down 13 percent compared to the same time last year, ahead of the Labor Day weekend, according to an Aug. 29 report published by the U.S. Energy Information Administration. Lower gasoline prices heading into the holiday weekend…...
The U.S. Energy Department has awarded $521 million in grants to expand the network of electric vehicle charging and alternative fueling infrastructure. The grants, funded through the 2021 Infrastructure, Investment and Jobs Act, or IIJA, are expected to support the deployment of over 9,200 EV charging ports. The selected projects will aim to improve reliability…...
Natural gas usage for electricity generation accounted for 56 percent of New England’s production mix during the June 16-23 heatwave, hitting a high of 61 percent on June 22, according to an Aug. 27 report published by the U.S. Energy Information Administration. Natural gas fired power generation averaged 58 percent of the production mix from…...
U.S. sales of hybrid, plug-in hybrid, and battery electric vehicles rose from 17.8 percent of total new light duty vehicles sales in the first quarter of this year to 18.7 percent in the second quarter, according to a Aug. 26 report published by the U.S. Energy Information Administration. The increase in electric vehicle sales can…...
U.S. Senate Energy and Natural Resources Committee Chairman Joe Manchin (D-WV) led the inauguration of the Appalachian Regional Clean Hydrogen Hub, or ARCH2, program office on Aug. 22. Last October, the U.S. Energy Department selected the hub for up to $925 million in federal funding under the 2021 Infrastructure Investment and Jobs Act, or IIJA,…...
A number of refinery shutdowns in Ohio and Chicago have increased Midwest prices for petroleum products relative to the U.S. average, most notably for gasoline, according to an Aug. 22 report published by the U.S. Energy Information Administration. The outages have led to an unusual reduction in refining activity during the high demand summer period…...
The U.S. Energy Department has released a resource hub providing a suite of tools to support private and public stakeholders in fulfilling increasing electricity demand, while maintaining grid reliability, security, and affordability. Electricity demand is expected to increase significantly over the next decade driven by the domestic manufacturing sector, growing electrification, the increase in artificial…...
Amid ongoing improvements to interconnection processes across the U.S., current queue backlogs and the rapid increase in…Read the full report …...
Amid ongoing improvements to interconnection processes across the U.S., current queue backlogs and the rapid increase in new resources seeking to connect to the grid are driving innovative solutions.
Join The 2024 Energy Bar Association Annual Law and Economic Forum Energy Bar Association’s Canadian Chapter will hold its second Annual Law and Economics Forum On October 2, 2024, from 8:30 AM to 4:30 PM at The National Club, 303 Bay St., Toronto, ON, Canada. This year’s theme is: “Does the Climate Change Challenge Require…...
The California Public Utilities Commission on Aug. 22 issued a decision establishing a novel centralized strategy to procure clean energy and accelerate the state’s efforts to achieve emissions reduction targets for 2045 and beyond. The decision, which determines the need for centralized procurement of long lead-time resources, intends to streamline the process of securing diverse…...
U.S. crude oil production and marketed natural gas production is projected to increase by an average of 13.7 million barrels per day (b/d) and an average of 114.3 billion cubic feet per day (bcf/d) during 2025, according to an Aug. 22 report published by the U.S. Energy Information Administration. The projected growth in natural gas…...
State taxes and fees for diesel and gasoline fuel averaged $0.35 per gallon (gal) of diesel fuel and $0.33 per gal of gasoline as of the start of July 2024, according to a Aug. 20 report published by the U.S. Energy Information Administration. Gasoline and diesel average taxes have been mostly flat since the start…...
The U.S. Interior Department on Aug. 19 announced the implementation of the first U.S. floating offshore wind energy research lease located close to Maine in the U.S. Outer Continental Shelf. The lease area covers around 15,000 acres and has the potential to support the generation of up to 144 megawatts (MW) of renewable energy. The…...
California’s gasoline demand will remain above 200,000 barrels per day at least through 2035 although demand is expected to continue a downward trend as the adoption of zero-emission vehicles increases and other climate-friendly strategies unfold, according to an assessment adopted by the California Energy Commission. The assessment called for by Senate Bill X1-2, enacted in…...
The U.S. Energy Department announced up to $127.5 million in funding to support carbon capture, removal, and conversion test centers. The department plans to make up to 10 awards with 20-30 percent cost-sharing from awardees. The funding will support test centers at cement manufacturing facilities and power plants facilitating cost-effective research and evaluation of these…...
U.S. power plant operators and developers added 20.2 gigawatts (GW) of utility scale power generating capability during the first six months of 2024, according to an Aug. 19 report published by the U.S. Energy Information Administration. The new capacity is 21 percent or 3.6 GW higher than capacity added during a similar period in 2023…....
The Texas Railroad Commission on Aug. 16 announced a proposal to amend rules regulating waste management facilities. This marks the first reexamination of the commission’s waste management rules in over 40 years. The amendments take into account historical rules to adapt to technological advancements in the Texas energy industry’s resource development. Moreover, groundwater protection is…...
The U.S. Interior Department has announced the availability of $775 million for 21 states to clean up legacy pollution, funded through the 2021 Infrastructure Investment and Jobs Act, or IIJA. The IIJA provides $11.3 billion to provide grants to states and tribes for abandoned coal mine land reclamation and $4.7 billion for orphaned well site…...
The rapid surge in power demand from data centers has prompted calls for additional capacity to maintain grid reliability. Unlike “electrify everything” initiatives, such as…Read the full report …...
The rapid surge in power demand from data centers has prompted calls for additional capacity to maintain grid reliability. Unlike “electrify everything” initiatives, such as transportation electrification, which are part of broader policy goals and planned through regulatory proceedings, large loads like data centers have emerged unexpectedly.
Join The 2024 NARUC Special RTI Events On Aug 21, 2024, NARUC’s Regulatory Training Initiative (RTI) will offer two free courses, Utility Credit Rating 101 and Utility Insurance101. Moderated by Commissioner Emeritus Bob Rowe, Utility Insurance 101 will provide an introduction to the history of insurance used by utilities, describe the most-utilized insurance coverages, including…...
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…...
Join The 2024 NASEO-NARUC (GEB) Working Groups Forum: (VPP) Flipbook Join the NASEO-NARUC Grid-interactive Efficient Buildings (GEB) Working Groups Forum on September 4, 2024, from 3:00 PM to 4:30 PM EDT. This virtual event will focus on the RMI Virtual Power Plant (VPP) Flipbook, which offers insights from 15 case studies to help utilities and…...
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…...
U.S. natural gas storage levels are projected to be at 3,954 billion cubic feet (Bcf) by Oct. 31, 2024, according to an Aug. 7 report published by the U.S. Energy Information Administration. This will be the highest storage level at the end of the injection season since November 2016. As of the end of March…...
The U.S. Energy Department on Aug. 6 announced $2.2 billion for eight grid infrastructure projects across 18 states. The core objectives of the investment are to improve grid resilience to extreme weather shocks, increase grid capacity to accommodate growing demand, and integrate clean and renewable power sources into the grid. These grid infrastructure projects are…...
U.S. imports of renewable diesel averaged 30,000 barrels per day (b/d) during the January to May 2024 period, according to an Aug. 6 report published by the U.S. Energy Information Administration. U.S. imports from renewable diesel come from Neste’s plants in Rotterdam and Singapore and are destined mainly for the U.S. West Coast, where the…...
U.S. coal stockpiles at power plants, as of May 2024 were at their highest level since the first half of 2020, according to an Aug. 5 report published by the U.S. Energy Information Administration. Coal stockpiles were recorded at 138 million short tons at the end of May, up 0.6 percent compared to the previous…...
The Minnesota Public Utilities Commission on Aug. 2 approved Minnesota Power’s high-voltage direct-current, or HVDC, transmission project designed to increase capacity to prepare the system for future expansion and address grid reliability. The approval allows for a capacity of up to 900 megawatts (MW), up from the current 550 MW capacity. The project is estimated…...
Hurricane Beryl, the first major hurricane of the 2024 Atlantic hurricane season, has brought new attention to the fragility of the Texas power grid and the pressing need to…Read the full report…...
Hurricane Beryl, the first major hurricane of the 2024 Atlantic hurricane season, has brought new attention to the fragility of the Texas power grid and the pressing need to strengthen utility infrastructure to ensure reliability. The hurricane made landfall in the Texas Gulf Coast, a key hub for the U.S. energy industry, on July 8.
The U.S. Energy Department on Aug. 2 announced that Wisconsin has unveiled its initial Home Energy Rebates program, supported by the 2022 Inflation Reduction Act. Wisconsin is the first state in the U.S. to inaugurate the Home Efficiency (HOMES) segment of the rebate program. The program particularly empowers lower income families to save on energy…...
Join The Energy Bar Association 2024 Midwest Chapter Annual Meeting Join EBA’s Midwest Chapter in Madison, WI for their 2024 Annual Meeting! Topics will include Data Centers, Cybersecurity, Legal and Regulatory Developments in the Midwest Region, and keynote remarks from Commissioner Marcus Hawkins. For more information, visit the EBA website About Energy Bar Association (EBA) …...
The U.S. Energy Department on Aug. 1 announced up to $63 million in funding for state and local governments to expand battery recycling and upgrade U.S. manufacturing. The initiative will accomplish this by creating innovative technologies such as advanced sensors and modeling that is more accessible to small and medium sized manufacturers. The funding, administered…
DetailsThe Connecticut Department of Energy and Environmental Protection convened on July 29 to review its Draft 2024 Connecticut Clean Hydrogen Roadmap. The document analyzes how Connecticut’s hydrogen ecosystem can develop and compares its viability to existing energy sources to help the state meet its clean energy goals. Clean hydrogen is projected to play a crucial…...
U.S. crude oil imports from Canada are significantly imperative to U.S. oil refiners, accounting for the majority of total U.S. crude oil imports, according to an August 1 report published by the U.S. Energy Information Administration. As of Jan. 1, 2024 U.S. oil refining capacity was recorded at 18.4 million barrels per day (b/d). During…...
U.S. refining capacity rose during the start of 2024, according to a July 30 report published by the U.S. Energy Information Administration. U.S. operable atmospheric oil distillation capacity, the key benchmark of refinery capacity, was recorded at 18.4 million barrels per day (b/cd) during the beginning of 2024, up two percent in comparison to the…...
The New York Power Authority will receive $43 million funding from the U.S. Energy Department for its Propel NY Energy Sustainable Communities Initiative, providing funding to disadvantaged communities affected by the project. The funding is a part of the Transmission Siting and Economic Development, or TSED, grant program under the 2022 Inflation Reduction Act, or…...
The Texas Public Utility Commission has received 72 applications for funding via the Texas Energy Fund’s “In-ERCOT Generation Loan Program.” The applications request $24.41 billion to fund 38,379 megawatts (MW) of planned dispatchable electricity generation projects in the Electricity Reliability Council of Texas (ERCOT) region. The In-ERCOT Generation Loan Program, is one of four Texas…...
Recent policy and regulatory measures concerning competitive retail electricity markets are increasingly focused on enhancing oversight and transparency. New state actions strive to…Read the full report…...
Recent policy and regulatory measures concerning competitive retail electricity markets are increasingly focused on enhancing oversight and transparency. New state actions strive to strengthen these markets with improved regulatory oversight and consumer protections to prevent unsavory practices by competitive suppliers.
Join The National Association of Regulatory Utility Commissioners (NARUC) Innovation Webinar Join the “ Innovation Webinar: Unearthing Opportunities: Advances in Networked Geothermal Systems to Meet Today’s Customer Heating Needs” which will be hosted by the National Association of Regulatory Utility Commissioners (NARUC) on Thursday, August 22, 2024, from 3:00 to 4:00 pm ET. Speakers will…...
The U.S. Energy Department on July 24 announced the selection of 20 projects across 16 states to obtain up to $371 million to support the expansion of a reliable and resilient electricity grid. The funding will expedite the permitting of high voltage, interstate transmission projects and support community infrastructure initiatives along major new power lines…
DetailsThe Michigan Public Service Commission approved a settlement agreement authorizing Consumers Energy Company to raise its natural gas distribution rates by about $35 million, effective Oct. 1, 2024. The amount approved is significantly lower than the $136 million that the utility initially requested. Under the agreement, Consumers Energy will receive a rate of return of…...
European natural gas usage has been on a downward trend since mid-2022, according to a July 23 report published by the U.S. Energy Information Administration. The decline in natural gas usage can be attributed to lower demand due to milder winters and government policies directed at reducing gas usage. Natural gas usage across Europe declined…...
The average gas price in California has decreased by 78 cents per gallon during the last three months, according to the California Energy Commission. The decrease is attributed to the California Gas Price Gouging and Transparency Law, SBX 1-2, which took effect in June 2023. The law enhances transparency by exposing price manipulation in real…...
The New York State Public Service Commission on July 18 finalized gas and electric rate plans for Central Hudson Gas & Electric Corporation for the period commencing July 1, 2024 until June 30, 2025. The commission approved a total increase in electric and gas revenues of $79.3 million, well below the $181 million that the…...
A growing number of utility regulators across U.S. states are reviewing natural gas planning strategies to consider the effects of decarbonization and electrification policies on the gas system. Amid shifting policy and changing market conditions, regulators are exploring…Read the full report …...
A growing number of utility regulators across U.S. states are reviewing natural gas planning strategies to consider the effects of decarbonization and electrification policies on the gas system. Amid shifting policy and changing market conditions, regulators are exploring new tools to evaluate gas infrastructure investments.
Join The Energy Bar Association 2024 Recent SCOTUS Cases and Energy Enforcement Energizer Join the Energy Bar Association’s Compliance and Enforcement Steering Committee for a timely discussion on “Recent SCOTUS Cases and Energy Enforcement” on July 30 from 3:30 pm to 5:00 pm EDT in Washington, DC, or virtually. A panel of experts, who have…...
Pairing residential solar installations with battery storage has been increasing in California, according to a July 18 report published by the U.S. Energy Information Administration. As of April 2024, over 50 percent of residential solar photovoltaic installations were paired with battery storage, in comparison to around 20 percent during October 2023. Excess solar generated at…...
New York Governor Kathy Hochul on July 17 announced the start of construction of the 924-megawatt Sunrise Wind, which would be the state’s largest offshore wind project. Governor Hochul also announced the launch of the fifth offshore wind solicitation, building on a 10-point action plan issued last October to support the growing large-scale renewable industry…....
U.S. production capacity for sustainable aviation fuel (SAF) could rise from approximately 2,000 barrels per day (b/d) to around 30,000 b/d during 2024, if all planned capacity additions become operational, according to a July 17 report published by the U.S. Energy Information Administration. SAF is an alternative to petroleum jet fuel and is formed from…...
The quantity of coal transported across the U.S. declined by eight percent during 2023, according to a July 16 report published by the U.S. Energy Information Administration. U.S. coal deliveries have declined over the last two decades, due to coal’s declining share of power in the generation mix. The quantity of coal transported to power…...
Energy trade value between the U.S. and Mexico declined by around 15 percent during 2023 compared to 2022, according to a July 15 report published by the U.S. Energy Information Administration. The energy trade value between the two nations during 2023 was recorded at $66.5 billion, adjusted for inflation. Energy trade value largely depends on…...
The California Energy Commission has adopted a strategic plan that charts a course to meet the state’s offshore wind planning goal of 25 gigawatts (GW) by 2045. The move is in response to legislation enacted in 2021 directing the commission to coordinate with other agencies as needed and develop a strategic plan for offshore wind…...
The growing interest in carbon capture and storage (CCS) projects to address atmospheric emissions has drawn attention to the crucial role of pipelines in transporting carbon dioxide (CO2) to sequestration sites, highlighting concerns over safety issues. CCS involves the capture of CO2 from the…Read the full report …...
The growing interest in carbon capture and storage (CCS) projects to address atmospheric emissions has drawn attention to the crucial role of pipelines in transporting carbon dioxide (CO2) to sequestration sites, highlighting concerns over safety issues. CCS involves the capture of CO2 from the emissions of industrial processes before they are released into the atmosphere for storage in subsurface geological formations.
The U.S. Energy Department has announced $1.7 billion to support the renovation of 11 closed or at-risk auto manufacturing facilities across eight states to manufacture electric vehicles and their supply chain. The selected facilities are located in Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland, and Virginia. The funding will help create and retain well paying…...
NARUC Staff Subcommittee on Accounting and Finance Fall 2024 Conference Join the National Association of Regulatory Utility Commissioners (NARUC) Staff Subcommittee on Accounting and Finance Fall 2024 conference at Hyatt Place Indianapolis/Downtown, Indianapolis, IN. Open Session: Sept 9-11, 2024 Closed Sessions: Sept 8 at 7 p.m. & Sept 12, 2024 (morning) The conference aims to…...
Global Liquified Natural Gas (LNG) trade rose by 3.1 percent year-on-year during 2023 to an average of 52.9 billion cubic feet per day (Bcf/d), according to a July 11 report published by the U.S. Energy Information Administration. The increase in LNG trade can be attributed to rising natural gas demand and increased infrastructure capability to…...
The U.S. Energy Department has selected two U.S. retail companies, Staples and Batteries Plus, to receive about $7 million each for a large-scale consumer battery recycling program. The program will create over 1,000 drop-off sites for consumers to turn in old batteries and battery-containing devices and reduce e-waste. The recycling project seeks to recover old…...
A new report released by the New York State Energy Research and Development Authority states that several factors such as global inflation and high interest rates are hindering the state’s ability to reach 70 percent of their electricity from renewable sources by 2030. The draft version of New York’s Clean Energy Standard, or CES, Biennial…...
The enactment of the Infrastructure Investment and Jobs Act (IIJA) in 2021, also known as the Bipartisan Infrastructure Law, and the Inflation Reduction Act (IRA) in 2022, has unleashed billions in federal funding for theenergy sector. These include…Read the full report …...
NARUC Staff Subcommittee on Accounting and Finance – Webinar on Alternative Ratemaking Join the National Association of Regulatory Utility Commissioners (NARUC) Staff Subcommittee on Accounting and Finance webinar on alternative ratemaking scheduled on August 9. This webinar is to aid participants in acquiring and understanding knowledge relevant to alternative rate regulation being proposed, evaluated, and…...
The Minnesota Public Utilities Commission has accepted integrated distribution plans, or IDPs, filed by Xcel Energy, Minnesota Power, Dakota Electric Association and Otter Tail Power. The IDPs examine the utilities’ current and future distribution projects and expenditure for their systems. The acceptance of the plans ensures the utilities are planning for the reliability, safety, security…...
The enactment of the Infrastructure Investment and Jobs Act (IIJA) in 2021, also known as the Bipartisan Infrastructure Law, and the Inflation Reduction Act (IRA) in 2022, has unleashed billions in federal funding for the
energy sector. These include infrastructure improvements, clean energy deployment, transportation electrification, grid reliability, energy efficiency, and cyber security. Regulators across U.S. states have opened dockets requesting reports on utility actions or initiated proceedings to gather comments on utility opportunities.
U.S. energy consumption declined one percent year-on-year during 2023 to 94 quadrillion British thermal units (quads), according to a July 3 report published by the U.S. Energy Information Administration. Fossil fuels, which consist of coal, natural gas and petroleum accounted for around 83 percent of total U.S. energy consumption. Non fossil fuels, which consist of…...
Average weekly U.S. gasoline prices have lost 19 cents per gallon (gal) in value since the 2024 high recorded on April 22 to $3.48/gal on July 1, according to a July 2 report published by the U.S. Energy Information Administration. The price decline can be attributed to rising gasoline stocks, relatively subdued demand and comparatively…...
The Bureau of Ocean Energy Management on July 1 issued its final approval for the construction and operation of Avangrid’s New England Wind 1 and 2 projects. The two projects would have a total capacity of 2.6 gigawatts (GW) and have the potential to power over 900,000 households every year. The approval follows the bureau’s…...
Electricity demand increased in the eastern and midwestern region of the U.S due to a heatwave, according to a July 1 report published by the U.S. Energy Information Administration. Demand across the Eastern interconnection hit a high of 502,670 megawatts (MW) during a single hour on June 21, in comparison to an hourly June peak…...
Advanced nuclear solutions are garnering broad support with a slate of initiatives including funding research, developing regulatory frameworks, and planning or constructing advanced reactors. The ability of nuclear energy to produce carbon-free power is increasingly considered…Read the full report…...
Advanced nuclear solutions are garnering broad support with a slate of initiatives including funding research, developing regulatory frameworks, and planning or constructing advanced reactors. The ability of nuclear energy to produce carbon-free power is increasingly considered critical for decarbonizing the power sector to fight climate change while ensuring a reliable electricity supply.
