The New York Public Service Commission on Dec. 13 set an energy storage target of 3,000 megawatts by 2030 pursuant to legislation enacted last year, with an interim goal of 1,500 megawatt by 2025. The new storage target is the most ambitious nationwide compared to California’s goal of 1,300 megawatts by 2020 and New Jersey’s recently adopted target of…
DetailsThe South Carolina Public Service Commission on Dec. 14 voted unanimously to approve Dominion Energy Inc.’s proposed purchase of SCANA Corporation, settling a 17-month legal battle that began in July last year when SCANA subsidiary South Carolina Electric & Gas Company and state-owned Santee Cooper decided to abandon a $9 billion project to build two…
DetailsThe United Nations twenty-fourth annual climate conference concluded on Dec. 15, following a week of intense discussions culminating in the adoption of rules for the implementation of the Paris Agreement, which aims to prevent the worst impacts of climate change by keeping global temperature rise below 2 degrees Celsius. The deal establishes uniform standards that will be used by…
DetailsThe U.S. Bureau of Ocean Energy Management auctioned three leases off Massachusetts’ coast earmarked for the development of offshore wind farms, reaping a record-breaking $405-million, according to a Dec. 14 press release. The bureau sold commercial wind energy leases comprising nearly 390,000 acres, which are expected to support about 4.1 gigawatts of power. Out of 11 bidders,…
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