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week of Nov. 17, 2022

The EnerKnol Week Ahead is back to give you the key energy policy events happening next week, all powered by the EnerKnol Platform. Coming up, the Federal Energy Regulatory Commission discusses rules regarding incentive-based rate treatment for utilities making certain voluntary cybersecurity investments; the Bureau of Ocean Energy Management announces next steps for offshore oil and gas leasing to comply with the Inflation Reduction Act; Connecticut examines a framework to establish performance-based regulation for electric utilities.

Featured Entities


BOEM

California EC

CARB

Connecticut PURA

DOE

EIA

EPA

FERC

New Hampshire PUC

Federal Agencies

Monday,
November 21
BOEM Oil and Gas Lease Sales

The Bureau of Ocean Energy Management is due to receive comments on draft supplemental environmental reviews for two Gulf of Mexico oil and gas lease sales. The reviews will inform the processes for lease sales 259 and 261, which the agency is required to hold by the end of March and September 2023, respectively, to comply with the Inflation Reduction Act enacted in August. In September, the agency announced it has accepted 307 valid high bids from lease sale 257 in the Gulf of Mexico, totaling about $190 million, pursuant to the act.

Monday,
November 21
DOE Rare Earth Metals Extraction Grant Program

The U.S. Energy Department is due to receive applications seeking funds through a $156 million grant to establish a unique refinery facility for separating rare earth elements and critical minerals from mining wastes and other unconventional sources. The funding, provided by the 2021 Infrastructure Investment and Jobs Act, will support a first-of-a-kind domestic demonstration facility that will extract, separate, produce, and refine rare earth elements and other critical minerals that are key to manufacturing clean energy technologies, such as solar panels, wind turbines, electric vehicles, and hydrogen fuel cells.

Monday,
November 21
FERC Advanced Cybersecurity Investment

The Federal Energy Regulatory Commission is due to receive comments on its proposal to provide incentive-based rate treatments for utilities for investments in advanced cybersecurity technology and participation in cybersecurity threat information sharing programs. The proposed rules would make incentives available to utilities that make specific cybersecurity expenditures to enhance their security posture by improving their ability to detect, protect, respond to, or recover from a cyber threat. RM22-19-000

Tuesday,
November 22
EPA Environmental Justice Work Plan

The U.S. Environmental Protection Agency and the Colorado Department of Public Health and Environment are due to receive input on a draft work plan for implementing an agreement signed in March to advance environmental justice through enforcement and compliance assurance. The plan focuses on strategically targeting inspections in disproportionately impacted communities, collaborating on enforcement and compliance assurance actions to reduce pollution burdens, and creating equitable opportunities for communities to learn and engage with the agencies about enforcement and compliance issues.

Tuesday,
November 22
EIA Monthly Energy Review

The U.S. Energy Information Administration will issue its Monthly Energy Review, providing data on energy production, consumption, prices, trade, and emissions. U.S. coal production is expected to increase by about 3 percent in 2022 compared to last year, reflecting a strong international demand and the need to replenish power plant operators’ stocks, according to the agency’s latest short-term outlook. Coal inventories were 19 percent lower in August 2022, compared to the same month from the previous year, given that production was insufficient to satisfy summer power demand and replenish stocks. However, given the projected declines in coal consumption and net exports, the agency expects coal inventories to increase by 18 percent in 2023.

Eastern Region

Wednesday,
November 23
NH PUC Storm Expenses Recovery

The New Hampshire Public Utilities Commission is due to receive an audit report from the New Hampshire Department of Energy following a petition from Eversource Energy to recover storm expenses related to eight storm and pre-staging events from August 2020 through June 2021. The company seeks to offset the costs against its major storm cost reserve, which receives $12 million in funding annually through a specified amount that is applied to distribution rates for customers in the event of a severe storm. In its petition filed with the commission in May, Eversource said it does not seek an adjustment of rates, but only a review of the costs for recovery through the reserve. DE 22-031

Wednesday,
November 23
CT PURA Performance-Based Ratemaking

The Connecticut Public Utilities Regulatory Authority is due to receive comments on its third concept paper regarding the implementation of a performance-based ratemaking framework, or PBR. The concept paper includes a summary of key themes and stated positions from docket participants’ and stakeholders’ regulatory assessment comments, and suggests a prioritized set of revised outcomes to guide the remainder of the proceeding. The paper also discusses the evolving role of the electric companies in the context of the priority outcomes. The agency initiated a docket in May 2021 to investigate, develop, and adopt a framework for executing PBR for the electric distribution companies. 21-05-15

Western Region

Monday,
November 21
CA EC Vehicle-Grid Integration

The California Energy Commission is due to receive comments on updates to modeling analyses pertaining to medium-and heavy-duty and ride-hailing electric vehicle infrastructure. The commission recently held a workshop on inputs, assumptions, and key differences from earlier versions of the analyses. The workshop included the discussion of the background and motivation of the updates, including the requirements of a 2018 law that requires the state to assess the EV charging infrastructure on a biennial basis. 19-AB-2127

Wednesday,
November 23
CARB Quarterly Carbon Auction

The California Air Resources Board and Québec’s Ministry of the Environment and the Fight against Climate Change will release the results of their 33rd joint quarterly carbon auction, which offered allowances for current and future years. The current auction offered 2021 and 2022 vintage allowances totaling about 58.02 million, and the advance auction offered 2025 future allowances totaling about 7.94 million. The previous auction held in August sold all of the nearly 57 million carbon permits offered for current emissions at a price of $27 per allowance. The advance auction sold more than 7.9 million allowances for $30 each. California’s cap-and trade program places an economy-wide cap on major emitting sources.