The Massachusetts Department of Energy Resources endorsed the long-term contracts executed by the state’s electric distribution companies to procure offshore wind power from Mayflower Wind Energy LLC ‘s 804-megawatt project, citing net benefits of about $2.4 billion to ratepayers over the 20-year term. The wind generation output and renewable energy certificates from the project will…
DetailsThe U.S. Energy Department plans to invest in a five-year research program focused on producing fuels from sunlight, according to a Feb. 19 news release. The agency will establish one large or two smaller energy innovation hubs, which are “integrated multidisciplinary, multi-institutional research teams” to accelerate the fundamental scientific breakthroughs needed to enable solar fuel…
DetailsPacifiCorp filed a general rate revision with the Oregon Public Utilities Commission, seeking an increase of about $78 million for its electric services and recovery of about $17.3 million related to the early closure of Unit 4 of the 395-megawatt Cholla coal power plant, according to a Feb. 14 filing. The company’s proposal to amortize…
DetailsThe U.S. is projected to export more crude oil and petroleum combined than it imports until 2050, according to the U.S. Energy Information Administration’s Annual Energy Outlook 2020. In two scenarios, one with more oil and gas supply and the other with higher oil prices, the agency expects the nation to become a net exporter…
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