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…Details
The 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…Details
Natural 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…...
The Federal Energy Regulatory Commission on March 21 issued notices of inquiry to gather information on possible improvements to rules governing electric transmission incentives and the agency’s approach to determining the return on equity, or ROE, for setting jurisdictional rates charged by public utilities. Transmission incentives are crucial to spur investment, which can provide benefits,…Details