Giant batteries drain economics of gas power plants

Giant batteries drain economics of gas power plants November 21, 2023 Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide. The long-term economics of gas-fired plants, used in Europe and some parts…

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PacifiCorp now wants protection from fire victims

PacifiCorp now wants protection from fire victims November 10, 2023 Oregon’s second-largest electricity provider wants state regulators to protect it from the costs of future lawsuits seeking reimbursement from destructive wildfires. The Oregonian reported that PacifiCorp’s request to the Public Utility Commission (PUC) was made just months after the utility…

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Duke Energy says sale of commercial solar and wind businesses signals a ‘new era’

Duke Energy says sale of commercial solar and wind businesses signals a ‘new era’ November 2, 2023 Duke Energy executives say the company is now in a “new era” after it sold off its two unregulated commercial renewable energy businesses last month. That leaves Charlotte-based Duke as a fully regulated…

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The problem with making green hydrogen to fuel power plants

The problem with making green hydrogen to fuel power plants 10 October 2023 Today, utility Florida Power & Light will begin operations at its Cavendish NextGen Hydrogen Hub, one of the country’s first green hydrogen facilities. The 25-megawatt project will use solar power to split water into oxygen and hydrogen…

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Hawaiian Electric Industries Hires Utility Bankruptcy Expert As CFO

Hawaiian Electric Industries Hires Utility Bankruptcy Expert As CFO September 20, 2023 A utility dealmaker with experience in mergers, restructuring and bankruptcy will become chief financial officer for Hawaiian Electric Industries next month as HEI and its subsidiaries address legal, financial and political issues related to the deadly Maui wildfires.…

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United Illuminating lawsuit claims electric rates approved by CT will force it to operate at a loss

United Illuminating lawsuit claims electric rates approved by CT will force it to operate at a loss Sep. 18, 2023 Arguing that an August decision by Connecticut regulators on utility rates will force it to operate at a loss, United Illuminating Co. filed a lawsuit on Monday in New Britain…

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CMP accused of overspending $53.6 million in storm recovery efforts

CMP accused of overspending $53.6 million in storm recovery efforts Sep 8, 2023 Maine’s advocate for utility customers wants state regulators to withhold more than $50 million that it says Central Maine Power Co. overspent in violation of staffing guidelines when restoring power to customers during a dozen storms in…

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Losing member co-ops, Tri-State seeks to sell its electricity on the wholesale power market

Losing member co-ops, Tri-State seeks to sell its electricity on the wholesale power market

Losing member co-ops, Tri-State seeks to sell its electricity on the wholesale power market Energize Weekly, September 13, 2023 Tri-State Generation and Transmission Association, a wholesale power supplier for rural electric cooperatives, is seeking to sell excess power on the open market as it loses some of its biggest members.…

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FirstEnergy subsidiaries file settlement with the Pennsylvania PUC

FirstEnergy subsidiaries file settlement with the Pennsylvania PUC September 05, 2023 FirstEnergy Corporation’s announced Thursday its subsidiaries – Met Ed, Penelec, Penn Power, West Penn Power, Keystone Appalachian Transmission Company (KATCO), and Mid-Atlantic Interstate Transmission, LLC (MAIT) – had filed settlement agreements with the Pennsylvania Public Utility Commission (Pa PUC)…

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APS says rate hike vital to keep homes in Phoenix powered, recover infrastructure costs

APS says rate hike vital to keep homes in Phoenix powered, recover infrastructure costs Aug 4, 2023 As a rate increase for Arizona Public Service customers is on the horizon, the president of the company said it is necessary to recover infrastructure costs and to continue powering Phoenix homes. Regaining…

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Maine’s electric rates expected to rise through 2024 until solar subsidies ease

Maine’s electric rates expected to rise through 2024 until solar subsidies ease July 13, 2023 Mainers can expect more rate hikes for electricity through the end of next year until the solar subsidies that have driven up rates for consumers wind down. The Legislature is reining in its costly net…

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Xcel Energy seeks $45M rate increase — down from $312M — amid consumer outrage over rising bills

Xcel Energy seeks $45M rate increase — down from $312M — amid consumer outrage over rising bills Jul 11, 2023 Xcel Energy filed a plan for a $312 million electricity rate increase last year, but as hearings on the bill hike open this week at the Colorado Public Utilities Commission…

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Constellation Energy in Deal to Buy NRG’s Stake in South Texas Nuclear Project

Constellation Energy in Deal to Buy NRG’s Stake in South Texas Nuclear Project June 4, 2023 Constellation Energy is acquiring NRG Energy’s 44 percent stake in the 2,645-megawatt South Texas Project nuclear plant in Texas. The transaction is valued at $1.75 billion, with an effective purchase price of $1.4 billion…

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Three Wisconsin utilities apply for rate hikes in 2024, citing renewable energy construction costs

Three Wisconsin utilities apply for rate hikes in 2024, citing renewable energy construction costs May 15, 2023 Three utilities have submitted proposals to the Public Service Commission of Wisconsin to increase rates in 2024, and consumer advocates worry about how rate hikes could affect customers. Those utilities are Alliant Energy,…

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Initiative to create a consumer-owned electric utility and replace CMP and Versant will appear on Maine 2023 ballot

Initiative to create a consumer-owned electric utility and replace CMP and Versant will appear on Maine 2023 ballot May 9, 2023 An initiative to create a municipal consumer-owned electric transmission and distribution utility, replacing Central Maine Power and Versant Power, will be on the Maine ballot on Nov. 7, 2023.…

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Duke Energy’s Impact Report details progress toward ESG, business goals

Duke Energy’s Impact Report details progress toward ESG, business goals May 01, 2023 Duke Energy released a report that outlines its approach to sustainability and its progress on strategic business priorities and goals. Among the key points in Duke’s Impact Report, the company said its planned investment of $145 billion…

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California Republicans blast fixed-rate power bill proposal as ‘crazy’

California Republicans blast fixed-rate power bill proposal as ‘crazy’ Apr 24, 2023 California Republicans are asking state regulators to reject a proposal by California’s three largest power companies to create a fixed rate for services based on household income. “The ‘fixed-charge’ proposal is nothing but a shameful attempt to exploit…

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Electric prices for Connecticut residents likely to drop dramatically during the second half of 2023

Electric prices for Connecticut residents likely to drop dramatically during the second half of 2023 April 3, 2023 After three months of paying dramatically higher electric rates, there may be some relief coming this summer for a majority of Connecticut electric customers. The state’s two largest electric distribution companies, Eversource…

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Power rate hike rebate during winter storms possible, court ruling reveals

Power rate hike rebate during winter storms possible, court ruling reveals March 20, 2023 When the temperatures dropped during Winter Storm Uri in 2021, prices for electricity went up. The bills that followed provided a shock that energy analysts like Ed Hirs, a University of Houston energy fellow, described as…

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Minnesota utility proposes $192M EV charging station network

Minnesota utility proposes $192M EV charging station network March 6, 2023 A Minnesota utility’s proposal to deploy around 730 EV charging stations while raising rates has encountered opposition from the state department of commerce, rate payers and other parties, according to a startribune.com report. Opponents of the plan question whether…

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Global bank financing for low-carbon energy rose 15 percent to $550 billion in 2022

Global bank financing for low-carbon energy rose 15 percent to $550 billion in 2022

Global bank financing for low-carbon energy rose 15 percent to $550 billion in 2022 Energize Weekly, March 8, 2023 Investments in low-carbon energy supply rose by 15 percent in 2022 – the fastest growth rate in seven years – to $550 billion, according to BloombergNEF’s (BNEF) annual report on energy…

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General Assembly deal sets Dominion profits for two years while overhauling regulatory system

General Assembly deal sets Dominion profits for two years while overhauling regulatory system FEBRUARY 25, 2023 The decision came down to the wire, but on Saturday afternoon Gov. Glenn Youngkin’s office and the General Assembly reached a deal on sweeping legislation to adjust Dominion Energy’s profit margin and reform the…

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Judge dismisses lawsuit over TVA’s long-term deals

Judge dismisses lawsuit over TVA’s long-term deals Feb. 7, 2023 A federal judge has dismissed a lawsuit by environmental groups that challenged how the nation’s largest public utility signs up local power providers for two-decade contracts. A ruling by U.S. District Judge Thomas L. Parker in Memphis last week sided…

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Renewable tax credits and changes on the grid are making most coal-fired plants uneconomical

Renewable tax credits and changes on the grid are making most coal-fired plants uneconomical

Renewable tax credits and changes on the grid are making most coal-fired plants uneconomical Energize Weekly, February 8, 2023 A combination of new federal incentives for renewable generation and a shift in the way electric grids are managed has led to a point where it is more expensive to operate…

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PUC approves electric market redesign in ‘big step for ERCOT’

PUC approves electric market redesign in ‘big step for ERCOT’ Jan 19, 2023 The Public Utility Commission of Texas on Thursday approved a redesign of the state’s electric market, recommending a new model they said will improve grid reliability, but critics said could pass more costs onto the consumer. The…

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Puerto Rico to privatize power generation amid outages

Puerto Rico to privatize power generation amid outages January 15, 2023 Puerto Rico announced Sunday that it plans to privatize electricity generation, a first for a U.S. territory facing chronic power outages as it struggles to rebuild a crumbling electric grid. The move marks the beginning of the end for…

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AEP Ohio asking for rate increase to boost system reliability after last summer’s storms

AEP Ohio asking for rate increase to boost system reliability after last summer’s storms Jan. 6, 2023 Several months after powerful storms whacked AEP Ohio’s transmission system and forced the power company to turn off electricity to some Columbus-area neighborhoods to avoid a larger power loss, AEP is now asking…

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Colorado co-ops say Xcel Energy mismanaged natural gas supplies during 2021 storm

Colorado co-ops say Xcel Energy mismanaged natural gas supplies during 2021 storm

Colorado co-ops say Xcel Energy mismanaged natural gas supplies during 2021 storm Energize Weekly, January 11, 2023 The fallout from the soaring natural gas prices created by Winter Storm Uri in 2021 continues as four rural Colorado electric cooperatives have filed a complaint with federal regulators saying they were overcharged…

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Pleasants Power Purchase Under Consideration in West Virginia PSC Order

Pleasants Power Purchase Under Consideration in West Virginia PSC Order JAN 3, 2023 An order from the West Virginia Public Service Commission last week approving rate increases for two power companies also included a provision for those companies to evaluate the possible purchase of the Pleasants Power plant. In an…

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PG&E wildfire and catastrophe proposal may trigger higher monthly bills

PG&E wildfire and catastrophe proposal may trigger higher monthly bills December 19, 2022 Higher monthly bills might jolt PG&E customers due to the utility’s request that state regulators allow the company to collect more revenue for its spending linked to wildfires and catastrophes. PG&E wants to recover costs that arose…

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Wholesale on-peak electricity rates set to jump this winter by as much as 60 percent, EIA says

Wholesale on-peak electricity rates set to jump this winter by as much as 60 percent, EIA says

Wholesale on-peak electricity rates set to jump this winter by as much as 60 percent, EIA says Energize Weekly, December 14, 2022 On-peak wholesale and retail electricity prices are set to rise across the country this winter, with some regional wholesale rates jumping as much as 60 percent compared to…

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Duke Energy Kentucky files request for rate adjustment with public service commission

Duke Energy Kentucky files request for rate adjustment with public service commission December 05, 2022 Duke Energy Kentucky recently filed a request with the Kentucky Public Service Commission (PSC) to review its electric distribution rates and approve a rate adjustment. Overall, the company has proposed an adjustment that includes a…

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Georgia Power’s long campaign for state approval to sign off on a 12% rate hike nears final showdown

Georgia Power’s long campaign for state approval to sign off on a 12% rate hike nears final showdown November 28, 2022 The final several weeks of Georgia Power’s $2.9 billion rate case will determine whether state regulators sign off on plans for customers to pay hundreds of dollars more per…

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Eversource, UI will cut electric rates for some, but not until 2024

Eversource, UI will cut electric rates for some, but not until 2024 November 21, 2022 The electric bills for roughly 1.5 million power customers in Connecticut are expected to spike dramatically come January, but a long-awaited initiative that would ease monthly energy costs for the state’s lowest-income residents is still…

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Big Utilities See Inflation Reduction Act Helping Reduce Customers’ Energy Bills

Big Utilities See Inflation Reduction Act Helping Reduce Customers’ Energy Bills November 14, 2022 Utility giants planning to spend billions of dollars to move away from fossil fuels see the Inflation Reduction Act helping to reduce the cost of that transition as its customers grapple with high energy bills. Executives…

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ComEd to file multi-year grid plan, rate plan

ComEd to file multi-year grid plan, rate plan November 07, 2022 ComEd, a Chicago-based energy company, will file a multi-year grid plan along with a four-year rate plan in line with the requirements of the Climate and Equitable Jobs Act (CEJA). The plan will align closely with the state of…

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PNM customers continue to pay for San Juan coal plant that’s no longer operating

PNM customers continue to pay for San Juan coal plant that’s no longer operating Nov 7, 2022 In the two months since the San Juan Generating Station shut down in New Mexico, the region’s customers have been paying the same rate for a facility that’s no longer giving them energy.…

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American Electric Power hit with second subpoena tied to nuclear bailout bill

American Electric Power hit with second subpoena tied to nuclear bailout bill Oct. 28, 2022 American Electric Power has been hit with a second subpoena from federal regulators looking for information tied to the power company’s involvement in the scandal-ridden House Bill 6 legislation enacted three years ago to bail…

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FirstEnergy cuts off its ‘dark money’ spigot in Ohio, disclosures show

FirstEnergy cuts off its ‘dark money’ spigot in Ohio, disclosures show Oct. 24, 2022 Akron-based utility FirstEnergy has stopped using “dark money” in Ohio after agreeing to disclose future contributions, temporarily abandoning a controversial political spending tactic that was a critical cog in the largest bribery scandal in state history.…

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Xcel Energy-Colorado positioned to lead clean energy transition, new president says

Xcel Energy-Colorado positioned to lead clean energy transition, new president says October 16, 2022 Robert Kenney took over as President of Xcel Energy-Colorado as the utility sought approval from state regulators for rate increases, a new clean energy plan and a proposal to reduce emissions from its natural gas system.…

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As electric vehicles shrink gas tax revenue, more states may tax mileage

As electric vehicles shrink gas tax revenue, more states may tax mileage OCTOBER 11, 2022 The increasing popularity of hybrid and electric vehicles is shrinking revenue from gas taxes, prompting more states to consider charging fees based on miles driven to help pay for roads and bridges. This year at…

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PG&E Lays Out Plan to Sell Stake in Generation Capacity

PG&E Lays Out Plan to Sell Stake in Generation Capacity Sept. 29, 2022 PG&E Corp. executives have sketched out a plan to house the company’s non-nuclear generation assets in a new subsidiary, stakes in which could be sold to fund future safety and reliability investments. Representatives of the company’s Pacific…

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