Democratic Governor Ralph Northam signed legislation on March 21 that makes changes to the net energy metering program for customers of electric cooperatives. The bill allows cooperatives to raise the net metering cap to seven percent of the system peak, with an increase allocated among residential, nonresidential, and not-for-profit and non-jurisdictional customers. (HB 2547) The legislation increases…...
The U.S. Energy Department on March 22 announced the closing of up to $3.7 billion in additional loan guarantees to fund the construction of two units at the delayed Vogtle nuclear power plant in Georgia. The decision brings the department’s guarantee of loans to $12 billion, including up to $8.3 billion provided in 2014 and…
DetailsThe New England electric grid is moving towards a hybrid system marked by a transition from conventional to renewable generation, and from centrally-dispatched generation to distributed resources, according to the ISO New England Inc.’s 2019 annual outlook. Over 150,000 behind-the-meter solar panels were installed across the region’s six states, with a combined capacity of nearly…
DetailsNatural gas accounted for nearly 31 percent of power generation in PJM Interconnection LLC’s footprint in 2018, surpassing coal’s share of about 29 percent, according to a March 18 report from the grid operator’s market monitor. Nuclear power dominated the region’s generating sector representing about 34 percent of the generation mix last year. Renewables had…...
