California regulators vote to extend Diablo Canyon nuclear plant operations through 2030 DECEMBER 14, 2023 California energy regulators voted Thursday to allow the Diablo Canyon nuclear plant to operate for an additional five years, despite calls from environmental groups to shut it down. The California Public Utilities Commission agreed to extend the shutdown date for…
Xcel Energy natural gas, electricity bills to lower in 2024 Dec 15, 2023 Xcel Energy told Colorado customers Friday that they can anticipate lower heating bills in the first quarter of 2024 because the wholesale cost of natural gas has decreased. Xcel said the average residential natural gas customer could see a decrease of $4.87…
Major oil companies atop a cash-flow wave reduce debt, increase shareholder payouts Energize Weekly, December 20, 2023 The world’s five largest oil companies, riding a wave of high energy prices, pulled in $613 billion in cash flow between January 2021 and September 2023, which they used to reduce debt and send to shareholders, according to…
City of Yes for Carbon Neutrality Passes NYC City Council Dec 7, 2023 On Wednesday, the New York City Council passed the City of Yes for Carbon Neutrality (COYCN) zoning text amendment, a wonky name for a mighty important change to the city’s zoning laws. The change will remove hurdles so the city can more…
Feds propose 20-year ban on mining, oil and gas drilling on 225,000 acres in Thompson Divide Dec 12, 2023 The Forest Service and Bureau of Land Management plan to remove 224,713 acres from possible mining or oil and gas drilling for the next 20 years would seem worthy of an end-zone celebration in Crested Butte,…
FirstEnergy Subsidiaries Awarded More Than $800 Million in Transmission Upgrades 12 Dec. 2023 FirstEnergy Corp. (NYSE: FE) subsidiaries Potomac Edison and Mid-Atlantic Interstate Transmission (MAIT) have been awarded transmission projects totaling more than $800 million in Maryland, Pennsylvania, Virginia and West Virginia by regional transmission organization PJM Interconnection. The projects will enhance reliability, accommodate growing…
Pritzker signs Illinois measure allowing new small-scale nuclear technology December 10, 2023 Gov. JB Pritzker on Friday signed into law a measure that will allow for the limited development of new nuclear power generation technology in the state. The measure, House Bill 2473, does not allow new large-scale power generation facilities like the six plants…
Dominion regulator recommends rejection of utility’s long-term plan DECEMBER 12, 2023 A utility regulator with the State Corporation Commission is recommending the body reject Dominion Energy’s most recent long-term plan because of its inclusion of new natural gas plants. In her Friday recommendation, which will now go to the three-member SCC for a final decision,…
What are time-of-use (TOU) rates? How do they work? Dec 6, 2023 Across the country, utilities are beginning to introduce innovative rate structures for residential energy consumers. These rate structures–from time-of-use rates to demand charges to real-time pricing–all have a common goal: to incentivize customers to consume energy when the cost of generating electricity is…
FirstEnergy’s 4 Pa. subsidiaries, including Met-Ed, to combine into one company Dec 10, 2023 First Energy Corp. has won regulatory approval to combine its four Pennsylvania electric-distribution subsidiaries, including Met-Ed, into one company. The Pennsylvania Public Utility Commission (PUC) approved that move on Thursday, Dec. 7, allowing for the combination of Penelec, Penn Power, West…
Solar generating capacity to set a record 33 gigawatts of new installations in 2023 Energize Weekly, December 13, 2023 Bolstered by a strong third quarter, a record 33 gigawatts (GW) of solar capacity were installed in 2023, even as the sector faces headwinds in 2024, according to a market report. In the third quarter, 6.5…
Refunds on horizon for Colorado solar customers facing utility delays, after thousands waited months to connect to the power grid this year DECEMBER 1, 2023 In a state known for its sunshine, Colorado homeowners have been struggling to go solar this year. The Colorado Public Utilities Commission found the utility company facing the majority of…
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