The 47th quarterly carbon auction of the Regional Greenhouse Gas Initiative, the nation’s first mandatory cap-and-trade program to cut power sector emissions, sold about 16.2 million carbon allowances at a clearing price of $5.65, according to a March 13 news release. New Jersey participated in the auction for the first time in almost a decade…...
Virginia lawmakers approved legislation on March 5 that requires the State Corporation Commission to determine the amortization period for the recovery of any costs associated with the early retirement of coal and natural gas generation. The commission is tasked with performing an independent analysis of economic factors pertaining to the operation of each electric utility’s…...
Democratic Governor Andrew Cuomo on March 16 announced the selection of 21 large-scale solar, wind, and energy storage projects totaling 1,278 megawatts in the state’s latest annual solicitation for large-scale renewable energy capacity. The awards, which represent $1 billion in state investment, include projects that offered bids 23 percent lower than those received three years…...
The New York State Board on Electric Generation Siting and the Environment on March 13 granted a permit, allowing Canisteo Wind Energy LLC, a subsidiary of Invenergy LLC, to construct a 290.7-megawatt wind generating facility in Steuben County. The project is expected to generate up to $60 million in local property tax revenues over 20…...
