On March 4, 2014, the Regional Greenhouse Gas Initiative (RGGI) held the first carbon allowance auction under the new Model Rule. Auction prices reached record levels and high market participation and allowance demand exhausted the 5 million allowance Cost Containment Reserve. Overview The Regional Greenhouse Gas Initiative (RGGI) is the nation’s first mandatory market-based cap-and-trade…...
The GRID Act, introduced in the House and Senate, would authorize FERC to effectively address electricity grid security issues. On March 26, 2014, Rep. Henry A. Waxman (D-CA) introduced the Grid Reliability and Infrastructure Defense (GRID) Act (H.R. 4298) aimed to amend the Federal Power Act to protect the bulk-power system and defense-critical electric infrastructure…...
The New York Power Authority has released its updated strategic plan outlining actionable initiatives to attain a transformed energy system. On March 26, 2014, the New York Power Authority (NYPA) released its Strategic Vision 2014-2019, an updated strategic plan aimed to boost economic growth by providing more value to NYPA customers. Through the plan, NYPA…...
A bipartisan coalition of 144 House and Senate members have written to the House Speaker and Senate Finance Committee urging extension of the wind energy production tax credit. On March 21, 2014, a group of 118 House members led by Reps. Steve King (R-IA) and Dave Loebsack (D-IA) wrote to House Speaker John Boehner (R-OH)…...