Shipping traffic from the Port of Baltimore, the second-largest coal exporting hub in the U.S., has temporarily paused after the collapse of the Francis Scott Key Bridge into the Patapsco River on March 26, according to a report published by the U.S. Energy Information Administration. This has impacted U.S. energy related trading dynamics. The Port…...
The U.S. Energy Department on March 25 announced up to $22 million in investment to enhance the siting and permitting process for the development of large-scale renewable energy facilities across six states. The Renewable Energy Siting through Technical Engagement and Planning, or R-STEP, program will distribute $10 million among six projects based in Indiana, Iowa,…...
The U.S. Energy Department on March 25 announced up to $6 billion for 33 industrial decarbonization projects spanning over 20 states. This marks the single largest industrial decarbonization investment in the U.S. These initiatives prioritize community engagement through comprehensive Community Benefits Plans, aiming to foster local economic development and environmental improvement. The funding, supported by…...
Natural gas prices at SoCal Citygate, the main price hub in Southern California, averaged $3.61 per million British thermal units (MMBtu) during December 2023, according to a March 25 report published by the U.S. Energy Information Administration. The average spot price during December 2023, was the lowest December spot price in eight years, when adjusting…...
Recent policy developments in the U.S. nuclear power industry indicate a growing recognition of the carbon-free nature of nuclear energy to support the energy transition. With Congress considering nuclear energy reforms, the Nuclear Regulatory Commission (NRC) proposing rules for…Read the full report…...
Recent policy developments in the U.S. nuclear power industry indicate a growing recognition of the carbon-free nature of nuclear energy to support the energy transition. With Congress considering nuclear energy reforms, the Nuclear Regulatory Commission (NRC) proposing rules for advanced reactor licensing, and state legislatures exploring the benefits of small modular technologies, the landscape of nuclear energy technologies is poised for change.
Brent crude oil and petroleum product prices are projected to increase for the remainder of 2024, according to a March 21 report published by the U.S. Energy Information Administration. The projected price increase can be attributed to the announcement that OPEC+ will extend the current voluntary production cuts through the second quarter of 2024. The…...
Join the National Association of Regulatory Utility Commissioners (NARUC) for the 2024 Current Issues Conference on April 14-17, 2024 at the Eldorado Hotel in Santa Fe, NM. Learn from industry leaders and commissioners as they discuss issues facing the electric, natural gas, water, and telecommunications industries. For more information, visit the NARUC event website About…...
The U.S. Energy Department on March 20 opened applications for the 2024 Renew America’s Schools Prize, earmarking $180 million for school districts nationwide. The initiative aims to support strategic partnerships to implement energy upgrades in K-12 schools. The funding, supported by the 2021 Infrastructure Investment and Jobs Act, is aimed at enhancing energy efficiency, reducing…...
The U.S. Energy Department issued a report on March 18 discussing the potential role of next generation geothermal technologies in the clean energy transition. The report, titled “Pathways to Commercial Liftoff: Next-Generation Geothermal Power,” is the latest in a series of reports assessing how the U.S. can decarbonize by 2050. The report complements the objectives…...
