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Power & Utilities

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[Report] Weather Events and Fuel Economics Challenge GHG Emissions Reduction Goals

October 27, 2014

2013 Year-over-year GHG emissions rose 2.5 percent and are projected to rise an additional 1.1 percent over the course of 2014, mainly due to harsh 2014 winter conditions. If energy efficiency, demand response, and renewable resources are not increasingly developed, the U.S. power sector will be challenged to affordably meet emissions goals if extreme weather…...

Court Lifts Stay of EPA’s Cross-State Air Pollution Rule

October 24, 2014

A federal appeals court has lifted the stay of EPA’s Cross-State Air Pollution Rule which addresses interstate transport of air pollution that affects downwind states’ ability to meet air quality standards. On October 23, 2014, the U.S. Court of Appeals for the District of Columbia Circuit granted the Environmental Protection Agency’s (EPA) motion to lift…...

New York Launches Energy Management Network Operations Center

October 22, 2014

New York’s first energy management network operations center will provide statewide public facilities with real-time energy use data to improve building performance. On October 21, 2014, New York Governor Andrew M. Cuomo announced the launch of NY Energy Manager (NYEM), the state’s first energy management network operations center, at the Colleges of Nanoscale Science and…...

Vermont Yankee Site Assessment Estimates Decommissioning Cost at $1.24B

October 20, 2014

Entergy’s site assessment study of the Vermont Yankee Nuclear Power Station estimates the plant’s decommissioning cost at $1.24B, higher than previous estimates. On October 17, 2014, Entergy Nuclear Vermont Yankee (ENVY) released a site assessment study for decommissioning its Vermont Yankee Nuclear Power Station by 2014.  The study – submitted to Vermont’s Public Service Department,…...

[Report] State-Backed Green Bonds Emerge Following International Model

October 14, 2014

Massachusetts offered its first green bond sale in June 2013, and several additional states have offered green bonds over the last two years. Green bonds offer issuers access to capital to finance projects for water quality and infrastructure, energy efficiency, renewable energy, pollution cleanup, and other capital-intensive projects.. With the Green Bond Principles gaining marketplace…...

DOE Finalizes Standards for Green Building Certification Systems

October 13, 2014

The DOE has issued a final rule establishing standards for green building rating systems that provide certification for federal buildings. On October 10, 2014, the Department of Energy (DOE) issued a final rule establishing standards for green building certification systems to strengthen federal buildings’ energy management through enhanced energy use measurement and energy efficient design…....

Share of Imports in U.S. Energy Consumption Reaches Record-Low Levels

October 13, 2014

According to EIA, the share of imports in U.S. energy consumption for the first half of 2014 reached the lowest level in 29 years. On October 10, 2014, the Energy Information Administration (EIA) released a report showing that net U.S. energy imports as a share of consumption for the January-June 2014 period reached the lowest…...

[Report] New England’s Eighth Forward Capacity Auction Draws Market Design Concerns

October 6, 2014

ISO-NE’s eighth Forward Capacity Market Auction (FCA-8) rates became effective September 16, 2014, despite FERC being unable to reach agreement on whether the filing was “just and reasonable.” The final price for existing sources was set at the administrative price of $7.025/kW-month, a 123 percent increase from the FCA-7 clearing price. The Northeast Massachusetts (NEMA)/Boston…...

Massachusetts Attorney General Seeks DPU Investigation to Mitigate Winter Rate Spikes

October 3, 2014

The Massachusetts Attorney General has sought DPU action to mitigate spikes in winter rates and extend the state’s Winter Moratorium by one month. On October 2, 2014, Massachusetts Attorney General (AG) Martha Coakley wrote to the Department of Public Utilities (DPU) requesting an investigation into ways to mitigate National Grid’s winter rate spikes that will…...

CAISO Opens Wholesale Electricity Market to PacifiCorp Service Areas

October 1, 2014

Starting October 1, CAISO will open its subhourly wholesale electricity market to PacifiCorp’s service areas, marking the first time that CAISO will dispatch electricity to regions outside its footprint. On September 30, 2014, the Energy Information Administration (EIA) released a report on the California Independent System Operator’s (CAISO) effort to open subhourly wholesale electricity markets to…...

California Enacts Demand Response Legislation

September 30, 2014

Governor Brown has signed SB 1414 into law to include demand response into resource adequacy and procurement planns. On September 29, 2014, California Governor Edmund G. Brown Jr. signed Senate Bill 1414 (SB 1414) into law, facilitating implementation of demand response (DR) programs to meet the state’s growing electricity needs.  SB 1414, sponsored by Sen…....

[Report] Lawmakers Consider Energy Tax Reform as December Deadline Nears for Extending Expired Provisions

September 29, 2014

On September 17, 2014, the U.S. Senate Committee on Finance held a hearing entitled “Reforming America’s Outdated Energy Tax Code.” Retroactively extending tax provisions has significant impact on financial accounting for multiple energy industries, including wind and solar, and also small and mid-sized businesses such as commercial building owners, architects, engineers, contractors, and design-construction companies…....

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