Insurance Companies Sue Texas Power Grid Operator Over 2021 Winter Storm Losses

Insurance Companies Sue Texas Power Grid Operator Over 2021 Winter Storm Losses January 7, 2022 More than 100 insurance companies are suing the Texas power grid operator and several power-generating companies (PGCs) over losses suffered from 2021 Winter Storm Uri, which resulted in more than 500,000 insurance claims and approximately…

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Evergy Files Missouri Rate Review to Recover Costs to Modernize Grid, Improve Reliability and Enhance Customer Service

Evergy Files Missouri Rate Review to Recover Costs to Modernize Grid, Improve Reliability and Enhance Customer Service January 7, 2022 Today Evergy submitted a detailed rate review to the Missouri Public Service Commission (MPSC). The requested rate adjustment reflects investments to improve reliability, enhance customer service and enable the company’s transition to cleaner energy…

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ERCOT says generation, transmission ready for winter following on-site inspections

ERCOT says generation, transmission ready for winter following on-site inspections 30 Dec 2021 Generation and transmission facilities in the Electric Reliability Council of Texas market are ready for winter, ERCOT said Dec. 30 after inspecting more than 300 generation units and 22 transmission facilities representing 85% of the megawatt hours…

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Exelon separation moves forward, with New York Public Service Commission approval

Exelon separation moves forward, with New York Public Service Commission approval December 20, 2021 Exelon Corp. announces that the New York State Public Service Commission has approved a unanimous settlement agreement that allows Exelon to move forward with its plan to separate into two companies in the first quarter of 2022. Read…

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Cincinnati, Columbus settle civil claims related to FirstEnergy bailout

Cincinnati, Columbus settle civil claims related to FirstEnergy bailout December 14, 2021 The cities of Cincinnati and Columbus have dismissed their state court claims against FirstEnergy and Energy Harbor for the companies’ actions relating to House Bill 6, the nuclear and coal bailout law at the heart of a $60…

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Utility biz Delta-Montrose Electric Association loses billing capability and two decades of records after cyber attack

Utility biz Delta-Montrose Electric Association loses billing capability and two decades of records after cyber attack 3 Dec 2021 A US utility company based in Colorado was hit by a ransomware attack in November that wiped out two decades’ worth of records and knocked out billing systems that won’t be…

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California Community Choice Financing Authority issues first municipal clean energy bonds

California Community Choice Financing Authority issues first municipal clean energy bonds DECEMBER 6, 2021 California’s first municipal non-recourse Clean Energy Project Revenue Bonds issued today are valued at over $2 billion for thirty-year terms. The two separate bond issuances support the purchase of clean electricity to serve over 2.5 million…

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U.S. grid ready for winter, NERC says, New England and California may face fuel pinch

U.S. grid ready for winter, NERC says, New England and California may face fuel pinch

U.S. grid ready for winter, NERC says, New England and California may face fuel pinch Energize Weekly, December 1, 2021 Winter electricity-generating resources across the North American grid are forecast to be adequate, although weather and fuel access issues may create challenges for New England, California and parts of Canada.…

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PJM members flag power price formation, transmission planning concerns to board

PJM members flag power price formation, transmission planning concerns to board 22 Nov 2021 PJM Interconnection’s management board recently met with representatives of each of the five power industry sectors who raised concerns regarding energy market rule changes increasing power prices, resource adequacy, transmission regulation, and other issues. Read more

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EV sales poised to set a record in 2021, forecast to reach a 20 percent market share by 2025

EV sales poised to set a record in 2021, forecast to reach a 20 percent market share by 2025

EV sales poised to set a record in 2021, forecast to reach a 20 percent market share by 2025 Energize Weekly, November 24, 2021 A booming global electric vehicle (EV) market is forecast to post more than 7 million in sales of battery-electric and hybrid plug-in cars in 2021, double…

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Infrastructure bill offers a $30 billion down payment on upgrading the nation’s grid

Infrastructure bill offers a $30 billion down payment on upgrading the nation’s grid

Infrastructure bill offers a $30 billion down payment on upgrading the nation’s grid Energize Weekly, November 17, 2021 The federal infrastructure bill signed by President Joe Biden this week, includes a nearly $30 billion down payment in grants and loan authorities to upgrade the nation’s aging and challenged electric grid.…

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Virginia GOP targets clean energy law, but options for rollback are limited

Virginia GOP targets clean energy law, but options for rollback are limited November 9, 2021 Newly emboldened Virginia Republicans are vowing to roll back the state’s landmark clean energy reforms enacted by Democrats over the last two years. Read more

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Nuclear power plant operators want to run for eight decades, but a federal lab in Washington state found ‘critical gaps’ in knowledge about how reactors age

Nuclear power plant operators want to run for eight decades, but a federal lab in Washington state found ‘critical gaps’ in knowledge about how reactors age Nov. 1, 2021 Federal regulators have embarked on a new era of relicensing that could eventually enable Washington’s Columbia Generating Station and many other…

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Clean tech investment soars in 2021, IEA says it has to go much higher to curb emissions

Clean tech investment soars in 2021, IEA says it has to go much higher to curb emissions

Clean tech investment soars in 2021, IEA says it has to go much higher to curb emissions Energize Weekly, November 3, 2021 Clean tech investment, from both the public and private sectors, has been growing rapidly in 2021, but it still may not be fast enough to alter global emissions…

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Congress eyes $235B in clean energy subsidies. Here they are

Congress eyes $235B in clean energy subsidies. Here they are 10/26/2021 Congress has a long-standing aversion to climate policy. Cap and trade saw a spectacular death in 2010. A plan to pay utilities for selling more clean electricity was axed this month. And proposals to tax carbon dioxide emissions never…

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Two Norway wind farms lose license in landmark ruling over indigenous rights

Two Norway wind farms lose license in landmark ruling over indigenous rights October 11, 2021 Norway’s supreme court stripped two wind farms of their operating licenses on Monday in a case that could boost the legal rights of the country’s indigenous Sami people. Read more

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CMP, public power backers locked in war to weaken each other’s 2022 referendum bids

CMP, public power backers locked in war to weaken each other’s 2022 referendum bids October 11, 2021 Supporters and opponents of establishing a consumer-owned utility in Maine both made changes to their ballot initiatives in the past week in attempts to render the other ineffective ahead of a possible referendum fight…

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Duke Energy complaints rise ahead of company’s decision to extend disconnection ban

Duke Energy complaints rise ahead of company’s decision to extend disconnection ban September 30, 2021 Duke Energy announced Thursday the company will continue to avoid shutting off electricity for the most at-risk families through March of 2022.  The announcement came just a day before Duke Energy’s limited disconnection ban was set…

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PPL Corporation receives FERC approval to acquire The Narragansett Electric Company

PPL Corporation receives FERC approval to acquire The Narragansett Electric Company September 23, 2021 PPL Corporation (NYSE: PPL) today received unanimous approval from the Federal Energy Regulatory Commission to acquire The Narragansett Electric Company from National Grid USA. Read more

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Utilities face greatest threat as climate risks intensify

Utilities face greatest threat as climate risks intensify 20 Sep, 2021 Climate change is pushing power, gas and water companies to the frontlines of an intensifying battle against natural disasters that is set to increasingly hit the profits of businesses around the world. Utilities face the highest combined physical risk…

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Colorado consumer advocates ask utility commission to reject $130M of Xcel’s February storm surcharge

Colorado consumer advocates ask utility commission to reject $130M of Xcel’s February storm surcharge Sep 14, 2021 Xcel Energy ignored numerous weather warnings when buying natural gas and failed to switch to cheaper fuel oil during the historic deep freeze in mid-February, leaving the utility helpless as spot prices spiked…

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Westinghouse to pay over $20 million for failed Summer project

Westinghouse to pay over $20 million for failed Summer project Sep 2, 2021 Westinghouse Electric Company has entered into a cooperation agreement with the Department of Justice in connection with its role in the failed effort to build two AP1000 reactors at the Summer nuclear plant in Jenkinsville, S.C. Read…

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Connexus electricity co-op wants a new power deal with Great River Energy

Connexus electricity co-op wants a new power deal with Great River Energy AUGUST 30, 2021 Connexus Energy, the largest owner of Great River Energy, wants to exit the big electricity generating co-op as a member, saying its longtime arrangement has become too costly and inflexible. Read more

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As Vogtle’s costs rise, changes near for reviewing project’s run-away expenses

As Vogtle’s costs rise, changes near for reviewing project’s run-away expenses AUGUST 17, 2021 State regulators will consider signing off Tuesday on a plan marking a significant shift in how cost overruns are handled for Georgia Power’s Plant Vogtle expansion, which is already billions of dollars over budget and years…

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PSEG Agrees to Sell PSEG Fossil Generating Portfolio to ArcLight Capital

PSEG Agrees to Sell PSEG Fossil Generating Portfolio to ArcLight Capital Aug 12, 2021 Public Service Enterprise Group (PSEG) has entered into an agreement to sell its 6,750-megawatt fossil generating portfolio to newly formed subsidiaries of ArcLight Energy Partners Fund VII, L.P., a fund controlled by ArcLight Capital Partners, LLC…

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New Mexico customers sound alarm over major utility merger

New Mexico customers sound alarm over major utility merger Aug 10, 2021 New Mexico customers are sounding the alarm over a proposed multibillion-dollar merger of the state’s largest electric utility provider with a U.S. subsidiary of Spanish energy giant Iberdrola, citing a sordid track record of reliability and customer service.…

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Global clean energy technology investment reached a record $500 billion in 2020

Global clean energy technology investment reached a record $500 billion in 2020

Global clean energy technology investment reached a record $500 billion in 2020 Energize Weekly, August 11, 2021 Global investment in clean energy technologies reached a record $501.3 billion in 2020, with renewable energy generation accounting for 60 percent of the total, according to a BloombergNEF analysis. The 2020 figure represents…

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Bipartisan $1T Senate infrastructure bill focuses on nuclear, carbon capture, transmission

Bipartisan $1T Senate infrastructure bill focuses on nuclear, carbon capture, transmission Aug. 3, 2021 A bipartisan group of senators on Sunday unveiled its nearly $1 trillion infrastructure bill, formalized into text following a 67-32 consensus to advance the legislation. The vote to advance the bill included the support of 17 Republicans. Read…

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FirstEnergy Federally Charged in Ohio Nuclear Bailout Scheme

FirstEnergy Federally Charged in Ohio Nuclear Bailout Scheme Jul 22, 2021 Facing a federal charge for honest services wire fraud in a corruption case related to the billion-dollar nuclear plant bailout in Ohio, FirstEnergy Corp. has agreed to abide by the terms of a three-year deferred prosecution settlement to get…

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Duke Energy, hedge fund continue battle

Duke Energy, hedge fund continue battle July 19, 2021 Duke Energy and a hedge fund continued a public battle Monday about the financial performance of the utility, including the operations of Duke Energy Florida. The West Palm Beach-based Elliott Investment Management L.P. sent an 11-page letter to the Duke Board…

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PG&E wants to propose an 18% rate hike during a heat wave. Here’s why

PG&E wants to propose an 18% rate hike during a heat wave. Here’s why Jul 9, 2021 PG&E is asking the state to raise rates by 18%. The utility presented a proposal to the California Public Utilities Commission saying the money is needed for critical investments- specifically, on work to…

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More than half the U.S. faces electricity supply problems in the face of a long, hot summer

More than half the U.S. faces electricity supply problems in the face of a long, hot summer

More than half the U.S. faces electricity supply problems in the face of a long, hot summer Energize Weekly, July 7, 2021 More than half the U.S. – primarily in the West, Texas, Midwest and to a lesser extent, New England – is at risk of energy emergencies this summer,…

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Hawai’i Microgrid Tariff Framework Could Become Model for Other States

Hawai’i Microgrid Tariff Framework Could Become Model for Other States June 28, 2021 Last month Hawai’i become only the second state with a formal microgrid services tariff, and its framework could become a model for other states, according to Microgrid Knowledge, a national publication. Read more

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Texas Storm Cost NextEra $180 Million in Uncollected Revenue

Texas Storm Cost NextEra $180 Million in Uncollected Revenue Josh Saul and Mark Chediak; Fri, April 23, 2021 NextEra Energy Inc., the world’s biggest investor-owned generator of wind and solar power, said it wasn’t able to collect $180 million in revenue following the Texas energy crisis that left the state’s…

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Maine Lawmakers Unveil Effort To Purchase CMP, Versant To Create Consumer-Owned Utility

Maine Lawmakers Unveil Effort To Purchase CMP, Versant To Create Consumer-Owned Utility Maine Public | By Mal Leary Published April 19, 2021 A group of Maine lawmakers has unveiled an effort to buy Maine’s two largest utilities and operate them as a consumer-owned corporation. At a news conference outside the State House…

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Cost of winterizing Texas electricity grid worth the expense, Dallas Federal Reserve says

Cost of winterizing Texas electricity grid worth the expense, Dallas Federal Reserve says

Cost of winterizing Texas electricity grid worth the expense, Dallas Federal Reserve says Energize Weekly, April 21, 2021 The cost of weatherizing the Texas electric power system – which faced a major collapse during a February freeze – could run into hundreds of millions of dollars, but the expense would…

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State Regulators Announce Limits to Eversource Cost Recovery

BY BRENDAN CROWLEY MARCH 20, 2021   Eversource will be prevented from recovering a large portion of the costs of Tropical Storm Isaias, state utility regulators announced Friday evening in a draft decision based on an investigation into widespread and lengthy power outages stemming from the August storm.    Read more

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Georgia Power Issues Sustainability Bond: First for a US Utility

MARCH 1, 2021 BY EMILY HOLBROOK Georgia Power has announced its first sustainability bond, and the first sustainability bond for a domestic utility in the United States. Bond proceeds will be allocated to fund the company’s environmental, renewable, and social initiatives. The 3.25% coupon represents the lowest 30-year coupon for a publicly traded bond ever…

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Pritzker admin hires firm to verify Exelon’s nuke hardship claims

Steve Daniels, January 11, 2021 The Pritzker administration has hired an outside firm to scrutinize Exelon’s claims that some of its Illinois nuclear plants are losing money. The Illinois Environmental Protection Agency early this month finalized a $215,000 emergency contract with Cambridge, Mass.-based Synapse Energy Economics. The firm, which has done…

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Tri-State and United Power fighting in court and before state and federal regulators

Tri-State and United Power fighting in court and before state and federal regulators

Energize Weekly, May 13, 2020 A new front was opened last week in the battle between Tri-State Generation and Transmission Association and some of its electric cooperatives, as United Power, its largest member, filed a complaint in a Colorado district court charging subterfuge and breach of contract. Meanwhile on May…

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Xcel Energy proposes TOU rates for all Colorado residential customers

Xcel Energy proposes TOU rates for all Colorado residential customers

Energize Weekly, March 4, 2020 Time-of-use electricity rates are increasingly being seen as a valuable tool in reducing peak demand and managing renewable energy generation – but concerns are being voiced over their impact on low-income and elderly customers. Xcel Energy is seeking to shift all of its 1.2 million…

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Five states with open electricity retail markets now have financial aid programs for nuclear plants

Five states with open electricity retail markets now have financial aid programs for nuclear plants

Energize Weekly, October 16, 2019 Five states have now moved to provide financial aid to their economically challenged nuclear power plants, according to a federal Energy Information Administration (EIA) report. In July, Ohio joined Connecticut, New York, New Jersey and Illinois in offering financial relief or other assistance to their…

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Climate-driven weather events pose a risk to municipal bonds, commercial real estate and utilities, BlackRock says

Climate-driven weather events pose a risk to municipal bonds, commercial real estate and utilities, BlackRock says

Energize Weekly, April 24, 2019 Among the economic threats posed by climate change are risks to municipal bonds, commercial real estate investments and the utility sector, according to an analysis by BlackRock and the Rhodium Group. “Our work with Rhodium Group shows a rising share of U.S. metropolitan statistical areas (MSAs) will…

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