The New Jersey Board of Public Utilities adopted a proposed rule establishing offshore wind renewable energy certificates or ORECs detailing a process to fund the state’s offshore wind program and flow back revenue to ratepayers, according to a Dec. 18 press release. The industry has gained momentum under Democratic Governor Phil Murphy who seeks to…...
The U.S. Environmental Protection Agency issued a draft rule proposing to determine that it is not “appropriate and necessary” to regulate hazardous air pollutant emissions from coal- and oil-fired power plants, rescinding a 2016 supplemental cost finding that formed the basis for the Mercury and Air Toxics Standards, according to a Dec. 28 press release.…
DetailsRep. Mark Takano, a Democrat representing California, introduced legislation on Dec. 13 titled “Battery Storage Innovation Act,” which seeks to expand the innovative technology loan guarantee program to include battery storage applications in residential, industrial, and transportation sectors. The Energy Policy Act of 2005 created the program, authorizing the U.S. Energy Department to issue loan…
DetailsThe New Jersey Board of Public Utilities staff issued a straw proposal to phase out the current Solar Renewable Energy Certificate or SREC Program following legislation enacted in May 2018, which closes the program when 5.1 percent of electricity sold in the state comes from distributed solar, and transition to a new system, according to…...
