California Senators Propose to Increase State’s Renewable Energy Targets in Support of Governor’s 50-50-50 Goal On February 10, 2015, California Democrat Senator Kevin de León publicly announced four bills as part of the California Climate Leadership bill package to support the state’s Renewable Portfolio Standard (RPS) and establish objectives beyond its 2020 emissions reduction targets…....
Senators in the Environmental and Public Works Committee presented dueling cost-benefit arguments for the climate change mitigation proposal that split between Republicans and Democrats, despite widespread state opposition to the rule. The Environmental Protection Agency (EPA) released the Clean Power Plan (CPP) proposal on June 2, 2014, to address greenhouse gas emissions (GHG) from existing…...
A new Massachusetts energy bill aims to enhance energy diversity by rate-basing natural gas pipeline additions and mandating offshore wind procurement. A new energy bill filed by Rep. Patricia Haddad (D-MA) in the Massachusetts House of Representatives on January 16 proposes fundamental changes to the state’s energy landscape through increased renewable generation and natural gas…...
The President’s Budget Leaves a Legacy of Clean Energy and Climate Change Mitigation Support The president’s budget provides strong support for clean energy and addressing climate change. The proposal would allocate substantial funding for clean energy and climate initiatives, while removing favorable tax deductions for the fossil fuel exploration and production (E&P) industry. The budget…...
High clearing prices in ISO-NE’s ninth forward capacity auction will stimulate new resource build-out to meet future demand. FCM Auction Attracts New Resources to Meet Low Reserve Margin The New England Independent System Operator’s (ISO-NE) ninth annual Forward Capacity Market (FCM) auction to acquire resources to meet June 1, 2018 through May 31, 2019 electricity…...
Industry stakeholders call for streamlined rail and pipeline permitting to sustain market impacts from oil and gas production when prices are low. Enhanced oil and natural gas transportation and storage infrastructure is needed to ensure the domestic energy revolution is sustained in the current period of low prices. Streamlining infrastructure permitting processes would aid investor…...
Bipartisan Bills Aim to Expedite DOE Decisions on LNG Export Applications According to domestic producers and other stakeholders, a more predictable LNG export terminal approval timeline would provide industry and markets with much-needed certainty to drive forward multi-billion dollar investments. On January 29, 2015, the Senate Energy and Natural Resources Committee held a hearing on…...
Governor Cuomo’s 2015 Opportunity Agenda reiterates his commitment to early stage energy technology and grid resiliency investments. In his 2015 State of the State address on January 21, 2015, Governor Andrew M. Cuomo proposed significant initiatives to advance clean energy, environmental protection, and climate resilience efforts that support the Reforming the Energy Vision (REV) proceeding…....
President Obama’s recommendation seeking wilderness designation to 12.3 million acres of ANWR could block drilling opportunities in the 1.5-acre Coastal Plain estimated to contain up to 10.4 billion barrels of petroleum. On January 25, 2015, the Department of the Interior (DOI) released a revised Comprehensive Conservation Plan (CCP) for Alaska’s Arctic National Wildlife Refuge (ANWR)…....
The DOE’s continued support of advanced vehicle technology research, development, and demonstration projects helps expand offerings, cut costs, and improve sales. On January 22, 2015, the Department of Energy (DOE) announced more than $55M to develop and deploy advanced vehicle technologies aimed to improve fuel efficiency and reduce petroleum consumption. The funding opportunity announcement (FOA) supports DOE’s 2012 EV…...
FERC has approved PJM’s request for temporary relief from the $1,000/MWh cost-based offer cap to address winter price spikes that could cause generators’ marginal costs to exceed the offer cap. On January 16, 2015, the Federal Energy Regulatory Commission (FERC) approved PJM Interconnection LLC’s (PJM) Section 206 filing to raise the $1,000/MWh energy offer cap…...
Wholesale Demand Response Hinges on Order 745 Decision Demand response (DR) participation and compensation in organized electricity markets has grown over the previous five years, in part due to the Federal Energy Regulatory Commission’s (FERC) Order 745. Order 745 sets compensation levels for DR in wholesale energy markets; however, its future validity is uncertain with…...
