The U.S. Energy Department issued a notice of sale of crude oil from the Strategic Petroleum Reserve, or SPR, to fulfill the requirements of the Bipartisan Budget Act of 2015 and the Consolidated Appropriations Act of 2018, according to an Aug. 21 news release. The sale will be conducted with crude oil from three sites…
DetailsThe New Jersey Board of Public Utilities on Aug. 22 proposed a transition incentive program as part of its process to close the current Solar Renewable Energy Certificate, or SREC, program and design a successor mechanism. The proposal seeks to bridge the gap between the legacy and successor programs as the state phases out the…
DetailsThe U.S. Interior Department announced that its Gulf of Mexico oil and gas lease sale held on Aug. 21 generated $159.4 million in high bids for 151 tracts covering about 835,000 acres, down from the previous sale, which drew about $244.3 million. The region-wide lease sale offered 77.8 million acres, including all available unleased areas…
DetailsThe Maine Public Utilities Commission launched a proceeding to implement amendments to its net energy billing rule, following legislation enacted in June that broadened access to the program, including expanding the capacity of eligible facilities to 5 megawatts, up from the previous 660 kilowatts, according to an Aug. 21 notice. The law expands the customer…
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