The New Jersey Board of Public Utilities on Feb. 12 announced the results of the annual electricity auction for Basic Generation Service, indicating higher costs for electricity supplied to most residents and small and/or medium-sized businesses by the state’s four regulated electric distribution companies. The auction results show that the average electric ratepayer could see…...
The Michigan Public Service Commission on Feb. 11 initiated its annual review of the funding factor for the state’s low-income energy assistance program. This marks the first assessment since the program’s significant expansion, which increased the number of households that qualify for energy assistance and self-sufficiency services. The commission proposed increasing the funding factor for…...
The Florida Public Service Commission on Feb. 4 approved the demand-side management plan of Peoples Gas System to incentivize residential and commercial customers to reduce gas consumption and utilize energy-efficient technology. The plan is designed to meet the utility’s cumulative savings goal of 8.0 million therms for the 2025-2034 period and is estimated to cost…...
U.S. Interior Secretary Doug Bergum on Feb. 3 signed orders to implement President Donald Trump’s executive orders including declaring a national energy emergency, revoking offshore oil and gas drilling bans, and advancing a deregulatory agenda to reduce red tape. Order 3417, “Addressing the National Energy Emergency,” directs the department to undertake two actions to address…...
U.S. wholesale power prices are forecast to average marginally higher during 2025 in the majority of the U.S. regions compared to 2024, except in the Northwest and Texas, according to an Jan. 27 report published by the U.S. Energy Information Administration. The agency projects wholesale prices to average $40 per megawatthour (MWh) during 2025, up…...
President Trump has issued a series of executive actions signaling major changes in the U.S. energy landscape, including declaring a national energy emergency, expanding fossil fuel development…Read the full report …...
President Trump has issued a series of executive actions signaling major changes in the U.S. energy landscape, including declaring a national energy emergency, expanding fossil fuel development, suspending offshore wind initiatives, and withdrawing the U.S. from the Paris Climate Agreement. These actions represent a sharp departure from former President Biden’s renewable energy and climate-focused policies.
The Michigan Public Service Commission on Jan.23 approved a rate increase of approximately $217.4 million for DTE Electric, about 52 percent lower than the utility’s initial request. The commission approved investments in several initiatives including upgrading aging power lines, more frequent tree-trimming to enhance grid reliability, and electric vehicle charging infrastructure. With DTE Electric set…...
The Northeast Power Coordinating Council (NPCC) on Jan. 21 released a report highlighting the risks of natural gas dependency for electric reliability in Northeastern regions. The extensive analysis received input from diverse stakeholders including electric and gas system operators and the North American Electric Reliability Corporation (NERC). NERC commended the initiative to analyze the ability…...
Discussions on utilities’ natural gas planning are progressing, with several U.S. states actively engaging stakeholders to identify solutions and shape future strategies. These efforts focus on…Read the full report …...
