Alternative compliance payments assessed under Connecticut’s renewable portfolio standards program fell to $2.329 million in 2016, a decline of more than half from 2014, according to a RPS compliance report issued Jan. 23 by the Public Utilities Regulatory Authority. Assessed alternative compliance payments fell down from $3.90 million in 2015 and $7.86 million in 2014…....
Montana House lawmaker Rodney Garcia, a Republican, introduced legislation on Jan. 15 that would allow the state to sell bonds for up to $500 million to purchase coal-fired generation facilities whose acquisition would be in the public interest. The bill aims at saving the Colstrip plant, which is facing a bleak future as climate change…...
The New York Independent System Operator Inc. on Jan. 22 released a five-year plan that outlines a path forward to tackle the changing grid dynamics and support the growing role of public policy initiatives in reshaping the grid. The 2019-2023 plan identifies strategic initiatives to guide the development of projects and resource allocations as evolving regulations and…...
Scout Clean Energy LLC, a Colorado-based renewable energy developer, announced the closing of financing and the launch of construction of its 300-megawatt Ranchero wind park in Texas, according to a Jan. 17 press release. The project has a 10-year proxy revenue swap, or PRS, with Allianz Global & Specialty Inc.’s Alternative Risk Transfer unit, in…...
