Duke Energy Carolinas, a subsidiary of Duke Energy, issued $1 billion in green bonds to finance zero emission projects such as solar and energy storage in North and South Carolina, according to a Nov. 9 press release. The bonds, which mark the company’s first clean energy investment offering, have a weighted average coupon of 3.74…
DetailsThe Federal Energy Regulatory Commission on Nov. 9 approved ISO New England Inc.’s proposal to revise the calculation of the economic life of a generator that seeks to retire or permanently leave the capacity market. The revision establishes that the economic life of such a resource will be the evaluation period that maximizes the net…
DetailsThe U.S. Environmental Protection Agency on Nov. 8 released final state plan requirements to implement its 2015 standards for ground-level ozone. The rule applies to nonattainment areas and 13 northeastern states that comprise the ozone transport region. The rule allows flexibilities for states to consider factors outside their control, such as international pollution. The EPA…
DetailsPJM Interconnection LLC’s wholesale power markets work although “not perfectly,” and are faced with new challenges that potentially threaten their viability, according to Nov. 8 report from Monitoring Analytics LLC. The monitor questioned the ability of markets and the market-based regulatory construct to coexist with efforts to increase the role of renewable resources via nonmarket…
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