The U.S. Energy Department on April 2 announced a solicitation to make 30 million barrels of the Strategic Petroleum Reserve’s storage capacity available to oil producers amid an unprecedented drop in demand caused by the COVID-19 economic impacts, as well as the intentional disruption of oil markets by foreign actors. The agency said that a…...
The U.S. Environmental Protection Agency and Department of Transportation’s National Highway Traffic Safety Administration on March 31 finalized fuel economy and carbon dioxide emissions standards for cars and light trucks for model years 2021 to 2026. The Safer Affordable Fuel-Efficient, or SAFE, Vehicles Rule increases the stringency of these standards by 1.5 percent a year,…...
The Federal Energy Regulatory Commission on March 30 authorized the acquisition of El Paso Electric Company by an investment vehicle advised by J.P. Morgan Investment Management Inc., subject to approval of mitigation measures to address potential adverse effects on competition. This is the final regulatory approval required to consummate the transaction. The proposed sale has…...
The Connecticut Public Utilities Regulatory Authority on March 31 issued a draft solicitation inviting proposals for public forums to consider energy affordability and equity for the state’s commercial and industrial customers. Last October, the agency opened an investigation into the topic of energy affordability for all customer classes following the approval of a framework for…...
