The 2024 hurricane season displayed above average activity, with more hurricanes and named storms than usual, according to an Dec. 17 report published by the U.S. Energy Information Administration. Several hurricanes and storms negatively impacted U.S. energy infrastructure, particularly in the Southeast and Gulf Coast. Electricity markets were in particular impacted by hurricanes during the…...
The U.S. Energy Department on Dec. 16 announced the closing of a $9.63 billion direct loan to Blue Oval SK to build three electric vehicle battery manufacturing facilities: one in Tennessee and two in Kentucky. This marks the largest loan granted by the department’s Advanced Technology Vehicles Manufacturing, or ATVM, program. The plants would have…...
The U.S. Energy Department on Dec. 13 announced a $2.5 billion conditional loan guarantee for Wisconsin Electric Power Company, a subsidiary of WEC Energy Group, to finance a portfolio of clean energy projects in Wisconsin. The portfolio would add more than 1,650 megawatts of utility-scale renewable power and energy storage. This diverse portfolio is expected…...
U.S. natural gas consumption increased by one percent during 2023 to a new record yearly high of 89.4 billion cubic feet per day (Bcf/d), according to an Dec. 13 report published by the U.S. Energy Information Administration. U.S. natural gas consumption has continued to rise during the January to September 2024 period. The increase in…...
The U.S. Energy Department has announced three transportation modal action plans to build a cleaner, more robust and globally competitive transportation network. The action plans pertain to energy and emissions innovation in the maritime, rail, and medium and heavy-duty vehicle sectors. These plans cover the vital elements of the freight sector and convenient and efficient…...
U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington’s latest carbon auction saw prices rebound following voter support for its program, while a court ruling has…Read the full report …...
U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington's latest carbon auction saw prices rebound following voter support for its program, while a court ruling has invalidated the controversial withdrawal of Virginia from the regional carbon market. Meanwhile, progress in California, Québec, and Washington toward potential program linkage signals a move toward greater market integration, setting the stage for more robust and scalable climate solutions nationwide.
The Public Utility Commission of Texas on Dec. 12 established new rules to improve demand response for residential electricity consumers through smart responsive device programs. The new rule implements legislation enacted by the 88th Texas Legislature in 2023, which sets a target to decrease the total power consumption of customers participating in residential demand response…...
The Midcontinent Independent System Operator (MISO) Board of Directors on Dec. 12 approved the 2024 MISO Transmission Expansion Plan, a grid expansion plan with a portfolio consisting of 488 transmission projects totaling $30 billion. The projects cover 5,000 miles of transmission lines across 15 states and aim to strengthen grid reliability in the face of…...
The eighth quarterly auction of greenhouse gas allowances under Washington’s cap-and-invest program sold all allowances offered, with current vintage allowances settling at $40.26 per allowance, which is nearly 35 percent higher compared to the previous auction, according to the results released on Dec. 11 by the state’s Department of Ecology. The surge in auction prices…...
The California Energy Commission on Dec. 11 approved a $1.4 billion plan to invest in zero-emission vehicle infrastructure in the next four years through the state’s Clean Transportation Program. The plan, aimed to help install electric vehicle charging systems for nearly 17,000 light-duty EVs, will distribute the funding through competitive grants. The funding will support…...
Increasing well productivity is assisting 34 publicly traded U.S. oil exploration and production companies lower production expenditures on a per barrel basis and making cash reserves available for uses such as share repurchases and dividends, according to a Dec. 11 report published by the U.S. Energy Information Administration. During the January to August 2024 period,…...
The U.S. Environmental Protection Agency on Dec. 11 announced over $735 million in funding through its first Clean Heavy-Duty Vehicles Grant Program to deploy over 2,400 heavy-duty zero-emission vehicles (ZEVs) across several states and Tribal Nations. The agency made 70 tentative selections, covering nearly 30 states and three tribal nations to receive funding for heavy-duty…...
The U.S. Energy Department on Dec. 10 provided clarity regarding the status of various applications to export Liquefied Natural Gas to non- Free Trade Agreement countries. Of particular interest have been the Venture Global CP2 LNG and Commonwealth LNG applications. The Biden Administration on Jan. 26 announced a temporary pause on all pending applications seeking…...
The U.S. Energy Department on Dec. 10 announced the selection of six companies to procure domestic Low-Enriched Uranium or LEU. The department will sign contracts with American Centrifuge Operating LLC, General Matter Inc., Global Laser Enrichment LLC, Louisiana Energy Services LLC, Laser Isotope Separation Technologies Inc., and Orano Federal Services LLC. The minimum value of…...
Five states accounted for over 70 percent of the all-time high of 113.1 billion cubic feet per day (Bcf/d) of U.S. marketed natural gas production during 2023, according to an Dec. 10 report published by the U.S. Energy Information Administration. The state of Texas accounted for 28 percent of the total U.S. marketed natural gas…...
The U.S. Energy Department on Dec. 10 announced $52 million in funding for six university and industry projects to develop purpose-grown energy crops with low carbon intensity intended for biofuels like Sustainable Aviation Fuel, or SAF, and other bioproducts. These initiatives will bolster the domestic supply chain of alternative carbon sources vital for producing biofuels…...
The U.S. Energy Department on Dec. 9 announced a conditional commitment for a loan guarantee of up to $305.54 million for Nostromo Energy’s Project IceBrick, which involves thermal energy storage installations at commercial buildings in California. During its lifetime, the project could help California’s commercial buildings avoid around 500,000 tonnes of carbon emissions. Once operating…...
The U.S. Energy Information Administration issued a report on Dec. 9 discussing the ongoing challenges in California’s fuel market following the enactment of a new law granting regulators authority over petroleum inventory levels, along with the announced closure of Phillips 66’s Wilmington refinery. California Governor Gavin Newsom signed a bill into law on Oct. 14…...
The U.S. Department of the Treasury and the Internal Revenue Service have released final rules for the Section 48 Investment Tax Credit, or ITC, providing clarity and certainty for clean energy development to pursue major investments. The final rules clarify specific issues relating to offshore wind, hydrogen storage, co-located energy storage, and geothermal heat pumps…....
The 66th quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold nearly 16 million CO2 allowances at a clearing price of $20.05, according to results released on Dec. 6. The auction generated nearly $320 million bringing total proceeds to about $8.6 billion. The latest clearing…...
States across the U.S. are taking significant steps to improve distributed solar programs. These initiatives aim to…Read the full report …...
States across the U.S. are taking significant steps to improve distributed solar programs. These initiatives aim to ease access, streamline operations, and address customer needs while supporting broader clean energy goals.
The Michigan Public Service Commission’s 2024-2025 Winter Energy Appraisal, released on Dec. 5, forecasts a rise in electricity demand among residential and commercial customers. While natural gas demand for residential heating is expected to remain steady, overall demand is projected to rise due to higher usage for electricity generation. Overall electricity demand is projected to…...
The District of Columbia Public Service Commission on Dec. 4 launched a proceeding to initiate an Integrated Distribution System Planning, or IDSP, process to proactively prepare the electric grid to support the demands of the clean energy transition and integrate distributed energy resources such as solar power and energy storage. The commission issued a draft…...
The New York State Energy and Research Development Authority on Dec. 3 announced contracts for 23 large-scale renewable energy projects. In total, the projects could generate up to 2.3 gigawatts (GW), capable of powering over 700,000 households and spurring an additional $4.7 billion in private investments. The contracts stem from the agency’s 2023 Tier 1…
DetailsThe U.S. Department of Agriculture on Dec. 4 announced $194 million in grants and loans through its Rural Partners Network, or RPN, to fund family farms, small businesses, infrastructure and clean energy in underserved rural and tribal communities across 14 states and Puerto Rico. The projects will help these communities address immediate challenges and facilitate…...
The U.S. Energy Department on Dec. 3 announced the closing of a $303.5 million loan guarantee to EoS Energy Enterprises to fund the construction of two innovative and efficient production lines that will be capable of producing enough stationary batteries to fulfil the yearly electricity requirements of around 130,000 households. The financing will help Eos…...
U.S. sales of hybrid, plug-in hybrid, and battery electric vehicles rose from 19.1 percent of total new light duty vehicles sales in the second quarter of this year to a record 21.1 percent in the third quarter, according to a Dec.4 report published by the U.S. Energy Information Administration. The increase in electric vehicle sales…...
ISO New England Inc. on Dec. 3 announced that the region has sufficient energy resources to meet electricity demand for the winter. The grid operator expects the region’s winter demand under normal conditions to be 20,308 megawatts (MW) and 21,089 MW under below-average temperatures. The region has a total available energy resources of just over…...
The U.S. Interior Department on Dec. 3 approved US Wind’s construction and operation plan for its proposed Maryland Offshore Wind project. The project, situated nearly 8.7 nautical miles from the Maryland coast and around 9 nautical miles from Delaware’s Sussex County, could generate up to 2 gigawatts (GW) of clean energy and power over 700,000…...
In 2024, the U.S. East Coast emerged as a consistent destination for small renewable diesel shipments, driven by initiatives from a few suppliers and local governments offering or consuming the fuel, according to a Dec. 3 report published by the U.S. Energy Information Administration. As there is no renewable diesel production across the East Coast,…...
BOEM issued a Record of Decision identifying environmental measures for future offshore wind development in six lease areas offshore New York and New Jersey, in the area called New York Bight. Wind projects in these areas, which span 488,000 acres, could produce up to 7 gigawatts of wind energy capable of powering up to two…...
The U.S. Energy Department on Dec. 2 announced a conditional commitment for a $7.54 billion loan to StarPlus Energy to construct two lithium-ion electric vehicle battery manufacturing facilities in Kokomo, Indiana. Once operational, the annual manufacturing capacity of the sites would reach 67 GWh, which could power 670,000 EVs. The department estimates these electric vehicles…...
The 41st quarterly carbon auction held by California and Quebec sold all of the nearly 52.6 million carbon permits offered under the current auction at a price of $31.91 per allowance, above the floor price of $24.04, according to the results released on Nov. 27 by the California Air Resources Board. The current auction clearing…...
The Washington Department of Ecology released a new report detailing the distribution of $472 million of 2021 Climate Commitment Act investments among 37 state agencies. The agencies used the funds to support projects such as habitat restoration, clean energy, and energy bill assistance from Jul. 1, 2023, to Jun. 30, 2024. These projects have the…...
Natural gas storage sites across the Lower 48 states ended the natural gas injection season with 3,922 billion cubic feet (Bcf), according to an Dec. 2 report published by the U.S. Energy Information Administration. U.S. natural gas inventories are starting the winter 2024-25 season with the most natural gas since 2016. As it stands, U.S…....
The Massachusetts Department of Public Utilities on Nov. 29 announced two orders to improve the state’s net metering program and broaden access to solar power for residents. The first order raises the project size threshold for participating in the program without being subject to the net metering cap. The second action provides new exceptions to…...
Heading into the winter season, grid operators and utilities across the U.S. continue to strengthen their winter readiness measures to ensure reliable…Read the full report …...
Heading into the winter season, grid operators and utilities across the U.S. continue to strengthen their winter readiness measures to ensure reliable electricity supplies amid rising demand and potential energy shortfalls.
The District of Columbia Public Service Commission on Nov. 26 approved the final version of Potomac Electric Power Company‘s (Pepco) second Multiyear Rate Plan which sets electric distribution rates for 2025 and 2026. The plan, approved as an extended pilot, permits Pepco to raise electric distribution rates by $123.4 million over the two-year period, which…...
Average U.S. crude oil production hit a record high of 13.4 million barrels per day (b/d) during August 2024, according to a Nov. 26 report from the U.S. Energy Information Administration. U.S. crude oil production during August 2024 surpassed production during December 2023, when the previous monthly record of 13.3 million b/d was achieved. The…...
The U.S. Energy Department on Nov. 26 announced a conditional commitment for a loan of $6.57 billion to Rivian New Horizon to build an electric vehicle manufacturing site in Stanton Springs North, Georgia. The nine million-square-foot manufacturing site could produce up to 400,000 vehicles, such as electric sport utility vehicles, or eSUVs. Through this loan,…...
The retail price of regular gasoline, on the Monday before Thanksgiving averaged $3.04 per gallon (gal) across the U.S., down seven percent compared to the same time during 2024, according to a Nov. 27 report published by the U.S. Energy Information Administration. Heading into the Thanksgiving weekend, retail gasoline prices are at their lowest level…...
The U.S. Energy Department on Nov. 25 announced $30 million in funding to speed up the interconnection process for new energy generation through the introduction and implementation of artificial intelligence methods. The Artificial Intelligence for Interconnection, or AI4IX, program will enhance collaboration between software programmers, energy project developers, and grid operators to improve and modernize…
DetailsThe U.S. Energy Department on Nov. 25 announced a conditional commitment for a loan guarantee of up to $4.9 billion to Grain Belt Express LLC to help finance a high-voltage direct current interregional transmission project. The 2,500-megawatt (MW) power line would run approximately 578 miles between Kansas and Missouri. The transmission project – Grain Belt…...
Global gas markets could witness tighter supply-demand fundamentals during winter 2024-25, according to a Nov. 25 report published by the U.S. Energy Information Administration. The previous two winters in the Northern Hemisphere have witnessed above seasonal normal temperatures, leading to lower demand and in turn relatively higher storage capacity. If the temperature during winter 2024-25…...
The U.S. Environmental Protection Agency has proposed to strengthen standards for nitrogen oxide, or NOX, emissions from new gas-fired power plants, the first update in nearly 20 years. The standards would apply to most new, modified, and reconstructed fossil fuel-fired stationary combustion turbines, lowering exposure to hazardous air pollution for local communities. Nitrogen oxide emissions…...
The U.S. Energy Department, on Nov. 22, finalized a $1.3 billion loan to ENTEK Lithium Separators LLC to expand its manufacturing of lithium-ion battery separators. The loan will support ENTEK’s new manufacturing site in Terre Haute, Indiana, and boost the domestic supply chain of lithium-ion EV batteries. The department announced the conditional loan guarantee for…...
The Federal Energy Regulatory Commission has issued an order largely affirming its transmission planning and cost allocation rule, with changes to enhance the ability of state regulators to take part in the planning process. The order is in response to requests for rehearing of the original order – Order No. 1920 – adopted in May…...
The Biden administration is accelerating efforts to secure its clean energy and climate accomplishments, advancing rules and funding programs to drive decarbonization. Recent initiatives, such as methane emission rules and clean energy investments, aim to solidify progress achieved during the administration's tenure. However, the incoming Trump administration raises concerns of potential policy reversals, similar to the sweeping rollbacks seen in 2017.
The Biden administration is accelerating efforts to secure its clean energy and climate accomplishments, advancing rules and funding programs to drive decarbonization. Recent initiatives, such as methane emission rules and clean energy investments, aim to…Read the full report …...
NASEO-NARUC Microgrids State Working Group Webinar 2024 Join the NASEO-NARUC Microgrids State Working Group Webinar on Tuesday, December 3, 2024, from 2:00 to 3:00 PM ET. This public webinar will address the growing demand for energy-intensive data centers, driven largely by advancements in artificial intelligence, and the role of microgrids in meeting this demand. For…...
The New York Independent System Operator on Nov. 21 released its 2024 Reliability Needs Assessment, or RNA, which evaluates the reliability of the state’s power grid from 2028 to 2034 based on projected peak power demand, planned transmission system upgrades, and anticipated changes in the generation mix over the next decade. The RNA highlights a…...
The Texas Public Utility Commission on Nov. 21 approved a staff report concluding an investigation into utility preparedness and responsiveness to extreme weather in the Greater Houston Area. In July, Governor Abbott ordered an investigation into the flawed and delayed response of Houston utilities in the wake of Hurricane Beryl and the May 2024 Derecho…....
U.S. propane stocks are at the upper level of the previous five-year range (2019-2023), according to an Nov. 21 report published by the U.S. Energy Information Administration. U.S. propane stocks were recorded at 100 million barrels at the end of the week of Nov. 1,2024, around 11 percent higher than the previous five-year average. Propane…...
The U.S. Energy Department on Nov. 20 awarded up to $2.2 billion for Gulf Coast H2Hub and Midwest H2Hub to expand regional clean hydrogen production, delivery, storage, and consumption. HyVelocity which leads the Gulf Coast Hydrogen Hub is set to receive up to $1.2 billion, while the Midwest Alliance for Clean Hydrogen (MachH2) which leads…...
At the 29th Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change in Baku, U.S. Interior Department Acting Deputy Secretary Laura Daniel-Davis highlighted the progress made under the Biden administration in tackling climate change and economic inequity using nature-based solutions. Deputy Secretary Daniel-Davis spoke about the partnerships with international and…...
Massachusetts Governor Maura Healey on Nov. 20 signed into law the Mass Leads Act, which provides $400 million in capital resources over the next decade to drive progress in the offshore wind sector and to foster innovation, manufacturing, and deployment of climatetech solutions. The bill aims to spur Massachusetts’ economic growth by investing almost $4…...
The Southwest Power Pool (SPP), which manages the power grid across the central U.S., anticipates a 98.5 percent probability that the region will have sufficient power generation capacity to meet projected peak demand and maintain energy reserves this winter season, according to a Nov. 19 press release. This prediction is based on its annual winter…...
The U.S. Energy Department on Nov. 19 announced a $16 million funding opportunity for the research and development of High-Assay Low-Enrichment, HALEU, transportation technology. The funding aims to develop viable and cost-effective solutions to transport HALEU, and to obtain licensing from the Nuclear Regulatory Commission (NRC) for the new technology. The Energy Act of 2020…...
The monthly average price of spot natural gas at western Canada and northwestern U.S. border pricing hubs hit historic lows during the first 10 months of 2024, according to an Nov. 19 report published by the U.S. Energy Information Administration. The price decline can be attributed to firm natural gas production in western Canada, where…...
Major utilities have increased their annual spend to produce and deliver electricity over the last two decades, according to an Nov. 18 report published by the U.S. Energy Information Administration. Annual spend rose 12 percent from $287 billion during 2003 to $320 billion during 2023. The increase in annual spend can be attributed to capital…...
The U.S. Energy Department and the White House Office of Science and Technology Policy on Nov. 18 released a national blueprint for creating a cleaner and more competitive industrial sector. The department developed the blueprint in collaboration with several federal agencies to highlight how the government can enable the private sector to reduce emissions, improve…...
The U.S. Interior Department has released a new analysis report that estimates that investments from the 2021 Infrastructure Investment and Jobs Act, or IIJA, contributed to over $3.3 billion to the U.S. during the fiscal year 2024. Moreover, the law has provided over 28,000 employment opportunities. The IIJA, which represents the largest investment in U.S…....
States across the U.S. are implementing initiatives to enhance electric vehicle (EV) charging infrastructure as EV adoption continues to grow. Recent policies range from…Read the full report …...
The UK’s Office of Gas and Electricity Markets (Ofgem), on Nov. 15, approved a £2 billion funding package to construct the Eastern Green Link 1 (EGL 1) high-voltage subsea cable between Northern England and Scotland. The 196 km cable can transfer 2 gigawatts (GW) of electricity generated by wind farms between Torness, East Lothian, and…...
The North American Reliability Corporation’s (NERC) 2024-2025 Winter Reliability Assessment highlighted potential concerns over natural gas supplies that could impact winter readiness of some transmission regions across the U.S. The assessment evaluates the power generation and system transmission adequacy required to satisfy projected peak winter energy demands from December to February. While all assessed transmission…...
NARUC 2024 RTI – The Basics of Utility Accounting and Ratemaking NARUC offers an online course titled “The Basics of Utility Accounting and Ratemaking,” from December 3-5, 2024, from 2:00 to 4:00 PM ET daily. This course, led by Bill Steele, provides a foundational understanding of utility accounting, focusing on key principles and terminology used…...
States across the U.S. are implementing initiatives to enhance electric vehicle (EV) charging infrastructure as EV adoption continues to grow. Recent policies range from rebates for residential EV chargers to expansion of medium and heavy-duty EV charging programs, reflecting a push to support the transition to clean transportation.
The U.S. Energy Department has announced the tenth tranche of award beneficiaries through the Energy Efficiency and Conservation Block Grant, or EECBG, program. The program will allocate over $17.7 million to 61 local and territorial governments to enhance energy efficiency, lower climate pollution, and reduce overall energy usage. The program, supported by the 2021 Infrastructure…...
U.S. petroleum coke, or petcoke, production on an annual basis remained relatively flat over the last decade (2014-2023) and averaged 46 million tons, according to an Nov. 14 report published by the U.S. Energy Information Administration. The majority of the petroleum coke produced in the U.S. is exported. During 2023, the U.S. exported around 41…
DetailsThe Texas Public Utilities Commission on Nov. 14 approved a system resiliency plan submitted by electric utility Oncor. This marks the first plan filed with the commission by an electric utility to bolster the resiliency of electricity systems and facilities against threats including natural disasters and cyber attacks. The plan includes several measures to protect…...
The U.S. Energy Department on Nov. 14 announced funding of over $20 million for university and industry projects to develop algae and seaweed feedstocks for low-carbon biofuels. The funding is a partnership between the Bioenergy Technologies Office and the Office of Fossil Energy and Carbon Management to support 10 projects across seven states focused on…...
EnerKnol @ NARUC 2024 Annual Meeting & Education Conference – Thank You All EnerKnol’s participation in the NARUC Annual Meeting in Anaheim, California was a true success. The EnerKnol team showcased the power of the EnerKnol Platform live in how it enables decision-makers in Energy stay informed and make moves in this rapidly evolving space. …...
The California Independent System Operator Corporation Board of Governors have approved modifications to two transmission projects in San Jose due to significant increases in load forecasts driven by data center growth. The grid operator recommended changes to the scope of the Newark – Northern Receiving Station (NRS) line and Metcalf – San Jose B projects…...
The U.S. Energy Department on Nov. 13 announced the release of a report discussing the near-term potential for sustainable aviation fuel, or SAF, to meaningfully decarbonize the aviation sector. The report, titled “Pathways to Commercial Liftoff: Sustainable Aviation Fuel,” is the latest in a series of reports assessing how the U.S. can achieve net-zero emissions…...
The New York Independent System Operator on Nov. 13 confirmed that the state has adequate supplies to meet the forecasted electricity demand this winter. The grid operator’s 2024-2025 annual assessment revealed that the state has 29,514 megawatts (MW) of power resources, which is more than sufficient to meet a forecasted peak demand of 23,800 MW…....
The New Jersey Board of Public Utilities has released a proposal for the 2024 New Jersey Energy Storage Incentive Program creating two segments for incentives: front-of-the-meter or “grid supply” projects and behind-the-meter or “distributed storage” projects. The state expects to launch the grid supply segment of the program in 2025 and the distributed storage segment…...
Monthly average electricity exports from the U.S. to Canada rose 70 percent to 1,809 gigawatthours (GWh) during 2023 compared to 2022, while monthly average imports from Canada to U.S. declined by 36 percent to 3,315 GWh, according to an Nov. 12 report published by the U.S. Energy Information Administration. The shift in trading dynamics can…...
The White House on Nov. 12 announced a new framework to ramp up domestic nuclear energy capacity, with an ambitious target to reach 200 gigawatts (GW) by 2050. The roadmap sets two short-term targets of adding 35 GW of new nuclear capacity by 2035 and sustaining 15 GW of annual nuclear production by 2040. To…...
The U.S. Environmental Protection Agency on Nov. 12 announced a final rule to support the implementation of a Waste Emission Charge to reduce methane emissions from the oil and gas sector. The 2022 Inflation Reduction Act, or IRA, established the methane emissions fee to impose a charge on certain oil and gas facilities that emit…...
The California Independent System Operator Board of Governors and the Western Energy Markets (WEM) Governing Body on Nov. 8 took action to implement the first step of the West-Wide Governance Pathways Initiative. This initiative was developed last year to maximize the benefits of wholesale electricity markets through a new governing organization. The West-Wide Governance Pathways…...
Visit EnerKnol at NARUC’s 2024 Annual Meeting and Education Conference! It’s the second day of the NARUC Annual Meeting and Education Conference. Visit the EnerKnol booth and meet the EnerKnol team to learn more about the EnerKnol Platform, your go-to tool for real-time access to over 40 million filings on energy regulation, including rules, notices,…...
The U.S. Interior Department on Nov. 8 announced the distribution of $16.45 billion in energy revenues during fiscal year 2024 from energy production on federal and Tribal onshore lands and federal offshore areas. Since 1983, the above payout is the fourth highest, offering funds to federal states to achieve their goals, including hydropower projects and…
DetailsThe Bureau of Ocean Energy Management on Nov. 8 announced the completion of the environmental review for the SouthCoast offshore wind project. Once operational, the wind farm could have a power generation capacity of 2.4 gigawatts, sufficient to supply over 800,000 households. The SouthCoast offshore wind lease area spans around 127,388 acres and is approximately…...
The California Air Resources Board on Nov. 8 announced updates to its Low Carbon Fuel Standard, or LCFS, program that would speed up the decarbonization of the state’s transportation sector by increasing clean fuel and transportation options for consumers. The updated LCFS sets new targets to reduce the carbon intensity of transportation fuel by 30…...
The U.S. Energy Department on Nov. 8 announced that 200 million barrels of crude oil have been delivered or contracted at an average price of $74.75 per barrel with the conclusion of the latest solicitation to procure 2.4 million crude oil barrels for the Strategic Petroleum Reserve, or SPR. The Biden administration’s aggressive buyback strategy…...
Transmission planning across the U.S. is adapting to meet rising energy demands, necessitating coordinated efforts to strengthen and expand infrastructure. Beyond supporting renewable integration and enhancing resilience, transmission expansion is becoming…Read the full report …...
Transmission planning across the U.S. is adapting to meet rising energy demands, necessitating coordinated efforts to strengthen and expand infrastructure. Beyond supporting renewable integration and enhancing resilience, transmission expansion is becoming critical for new electrification demands, increased manufacturing activity, and large data center loads.
The Michigan Public Service Commission on Nov. 8 approved a settlement allowing DTE Gas Co. to increase its rate by nearly $114 million, about 57 percent lower than the utility’s initial request. The company filed the rate request in January 2024, requesting to raise rates by $266 million to fund infrastructure projects to modernize its…...
The U.S. Interior Department on Nov. 7 announced over $140 million in funding for fiscal year 2024 to tackle polluting and abandoned mine lands, or AML, and spur economic development in coal communities across West Virginia. With this, more than $492 million in fiscal year 2024 awards have been allocated nationwide. Additional funding will be…...
The U.S. Energy Department on Nov. 7 announced the closing of a $445 million loan to Li-Cycle U.S. Inc. to support the first-of-its-kind lithium-ion battery resource recovery facility to be built in New York. The project aims to produce up to 180,000 electric vehicles (EVs) annually using recycled materials, while also supporting efforts to onshore…...
U.S. electricity production from hydroelectric plants is expected to be 13 percent lower during 2024 than the 10-year average, according to a Nov. 7 report published by the U.S. Energy Information Administration. If realized this will be the lowest volume of electricity produced from hydropower since 2001. The decrease in hydropower generation can be attributed…...
