EUCI Blog

By Mark Jaffe, EUCI energy writer Global energy project financing – with a few areas of risk such as aging wind farms, data centers, and trade impacts for solar – will be largely stable in 2025, according to report from the investment research company Morningstar. The Morningstar analysis covers its portfolio of wind, solar, river…

Federal $500M bailout for Muskrat Falls power delays to keep N.S. rate hikes in check September 17, 2024 Ottawa is negotiating a $500-million bailout for Nova Scotia’s privately owned electric utility, saying the money will be used to prevent a big spike in electricity rates. Federal Natural Resources Minister Jonathan Wilkinson made the announcement Monday…

Trend toward electric utility rate increases in regulated markets continues in 2024 September 9, 2024 Utility regulators in the United States are considering increases to electricity rates again this year as electric utilities seek to cover the investments needed to maintain and expand their systems. Utilities requested rate increases in recent years to pay for…

Global clean technology and power market mergers and acquisitions have totaled $105 billion with 234 deals so far this year, slightly ahead of the 2023 pace, according to Enverus Research Intelligence. There were $79 billion in deals in the first half of 2024 and another $26 billion to date in the third quarter. The level…

Southern California Edison Seeks to Recover $1.6 Billion of Wildfire-Related Losses Aug. 29, 2024 Southern California Edison, a unit of utility Edison International, said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018. Under the agreement with the California…

FirstEnergy gains $1.2B in proceeds as sale of transmission subsidiary gets finalized July 19, 2024 FirstEnergy Corp. on July 17 received the remaining $1.2 billion in proceeds from the sale of its FirstEnergy Transmission LLC (FET) subsidiary, and said it will use the funds to further improve its balance sheet and support its five-year, $26…

Seattle City Light to increase rates due to higher demand, rising energy costs July 15, 2024 The Seattle City Light Department recently announced a plan to increase rates for customers amid a growing energy demand and heightened labor costs. Customers could see a 5.4% rate increase in 2025 and 2026, which equates to about an…

U.S. offshore wind development falters in 2023 but is projected catch up in the next 10 years Energize Weekly, July 17, 2024 Offshore wind development in the U.S. suffered setbacks in 2023 with projects being cancelled and less than half of the 30-gigawatt (GW) target set by the Biden administration forecast to be deployed by…

New rates approved for Duke Energy Carolinas customers in South Carolina Jul 08, 2024 The Public Service Commission of South Carolina (PSCSC) has approved new customer rates based on a settlement agreement with almost all parties in the Duke Energy Carolinas rate review request filed with the commission in January of this year. The changes…

N.C.’s ratepayer advocate: Duke Energy ‘failed’ to consider incentives that would cut costs & enable more clean energy June 25, 2024 Duke Energy’s plan to zero out its carbon pollution all but ignores a federal loan program that could save ratepayers hundreds of millions of dollars and enable more clean energy, the state’s ratepayer advocate…

Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says Energize Weekly, June 19, 2024 The scale and speed of the energy transition risks project delays and setbacks leading to cost overruns of 15 percent to 20 percent, equal to $150 billion a year, according to research paper…

CVEC alerts customers of rate increases due to rising costs and line upgrades Jun 11, 2024 The Central Virginia Electric Cooperative (CVEC) has announced that customers will see a rate increase on their bills starting on June 12. This comes after the CVEC filed a streamlines rate case with the Virginia State Corporation Commission on…