The Federal Energy Regulatory Commission’s (FERC) June Gas-Electric Coordination report highlighted industry responses to FERC’s March 20 Notice of Proposed Rulemaking. The NOPR aims to reform mismatched wholesale electricity and natural gas transportation market operating day, day-ahead, and intraday schedules. Both the natural gas and electric industries support a change in the intraday scheduling cycles…...
The 25th RGGI carbon auction, which marks RGGI’s sixth full year, sold allowances at $4.88 each, generating approximately $87.83M. On September 5, 2014, the nine member states of the Regional Greenhouse Gas Initiative (RGGI) released results of their 25th carbon auction (Auction 25) held on September 3. Auction 25 offered 17,998,687 allowances at a reserve…...
The New York Department of Public Service (DPS) staff has issued a Straw Proposal on achieving the Reforming the Energy Vision (REV) Track One goals. The straw proposal reaffirms the initial April 24 proceeding which identified utilities’ role in managing a distributed system platform (DSP) and growing the state’s existing Distributed Energy Resource (DER) assets. Despite…...
According to EIA, the first half of 2014 showed the highest year-over-year growth in residential electricity prices since 2009, with the largest price increases recorded in New England. On September 2, 2014, the Energy Information Administration (EIA) released a report highlighting that U.S. retail residential electricity prices from January-June 2014 showed the highest year-over-year growth…...
On August 7, 2014, California and Quebec held a successful practice joint carbon emissions allowance auction in preparation for the first ever cross-border auction on November 2014. Despite varied participation levels in Quebec’s first four auctions, activity is expected to increase with program maturity and the upcoming 2015 compliance deadline.The programs – under the Western…...
Hawaiian Electric Companies have proposed comprehensive electric energy plans with a goal to achieve more than 65 percent renewable energy by 2030. On August 26, 2014, the Hawaiian Electric Companies – Hawaiian Electric, Maui Electric, and Hawaii Electric Light Company – proposed electric energy plans in response to the Hawaii Public Utilities Commission’s (PUC)…...
A federal appeals court has ruled that FERC acted within its statutory authority in adopting FERC Order 1000 which mandates regional planning for transmission providers. On August 15, 2014, the U.S. Court of Appeals for the District of Columbia Circuit upheld the Federal Energy Regulatory Commission’s (FERC) reforms to electric transmission planning and cost…...
Federal lands contain significant oil and gas reserves, however federal staffing resource challenges have led to decreases in resource development and delayed state and federal revenue. The proposed BLM Permit Processing Improvement Act of 2014 (S. 2440) has significant bipartisan support, and its passage would expand and extend upon the current federal land permitting program…...
DOE has issued its final Environmental Impact Statement for a 336-mile electric transmission system between the United States and Canada, clearing the way for final Presidential Permit issuance. On August 11, 2014, Transmission Developers Inc. announced that the Department of Energy (DOE) has issued the Final Environmental Impact Statement (EIS) for its proposed Champlain Hudson Power…...
The United States is set to begin construction this year on its first offshore wind farm – the Cape Wind Project, led by Cape Wind Associates, LLC – located off the coast of Cape Cod, Massachusetts. The 130-turbine, 468 MW Cape Wind Project would more than quadruple Massachusetts’ current wind power capacity (Figure 1),…...
Rhode Island’s climate law prioritizes climate adaptation, emissions reduction, and institutional design to address climate change. The Resilient Rhode Island Act of 2014 (H 7904) is the state’s first climate bill and aims to make the state economy and society resilient to the effects of a changing climate. Signed into law on July 2, and ceremonially signed on August 1,…...
The latest round of low-cost power allocations under ReCharge NY is expected to leverage an estimated $270M in capital investments. On August 4, 2014, Governor Andrew M. Cuomo announced that the New York Power Authority has approved the ninth round of ReCharge NY power allocations, providing a total of 11.8 MW of low-cost power for…...
