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Resource Constraints Yield High Prices in New England’s Ninth Forward Capacity Auction

February 6, 2015

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…...

DOE Solar Funding Opportunity Targets Continued Cost Reductions

February 5, 2015

The DOE’s new SunShot Program funding  could help lower costs across the solar PV value chain to help remove barriers to entry and de-risk solar energy grid integration. On January 29, 2015, the Department of Energy (DOE) announced more than $59M in funding to expedite commercialization of innovative solar manufacturing technologies and support multi-year solar…...

DOI Offshore Wind Energy Lease Sale Nearly Doubles Leased Acreage

February 3, 2015

The DOI’s fourth competitive renewable energy lease sale on the Outer Continental Shelf has nearly doubled the federal offshore acreage available for commercial-scale wind energy projects.  Despite the expanded acreage, the U.S. offshore wind industry continues to face unique challenges of high costs, mitigation of environmental impacts, project installation, and grid interconnection, and continued federal offshore…...

LNG Export Bills Aim to Provide Approval Timeline Clarity

February 2, 2015

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…...

NY Governor Outlines Multi-Billion Dollar Clean Energy Commitment in State of the State

January 30, 2015

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…....

DOE Announces $55M Funding Opportunity for Advanced Vehicle Technologies

January 28, 2015

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 Approves PJM’s Request for Offer Cap Relief

January 27, 2015

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…...

RTOs Look to Tariff Revisions as FERC Petitions Supreme Court to Review Order 745

January 26, 2015

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…...

The 2015 Political Landscape Will Have Far-Reaching Energy Industry Implications

January 26, 2015

EPA emissions rules and legislative actions will impact every aspect of the energy value chain in 2015 Key Takeaways: Policies impacting energy independence and associated environmental impacts are coming head-to-head at the federal level Legislators will aim to settle long-debated oil and gas infrastructure and export bills and will use legistive authorities to delay, defund,…...

Enforcement Concerns Raised at EPA’s Coal Ash Rule House Committee Hearing

January 23, 2015

The House Energy and Commerce Committee’s hearing on EPA’s coal ash rule centered on compliance mechanisms to incorporate federal requirements into state programs. The House Energy and Commerce Committee held a hearing on January 22, 2015 to consider the Environmental Protection Agency’s (EPA) final rule to regulate disposal of coal combustion residuals (CCR) from electric utilities….…...

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SOTU 2015: Resolute Call for Climate Action

January 22, 2015

In his State of the Union Address, the President made a forceful call for climate action, asserting that the U.S. will double its emissions reduction pace. In his State of the Union (SOTU) speech on January 20, 2015, President Obama made a resolute call for climate action, stating that no challenge poses a greater threat…...

Justice Department Seeks Supreme Court Review of FERC Order 745 Vacatur

January 21, 2015

The Justice Department has sought Supreme Court review of the May 2014 invalidated FERC Order 745 vacatur, considering its importance for the future of electricity-market regulation. On January 15, 2015, the U.S. Department of Justice (DOJ) — on behalf of the Federal Energy Regulatory Commission (FERC) — petitioned the Supreme Court for a writ of certiorari to…...

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CATEGORIES
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