Texas Electric Utility Courts Unnamed Crypto Miners With Five-Year Deals

Texas Electric Utility Courts Unnamed Crypto Miners With Five-Year Deals Feb 17, 2024 In a recent report, the community-driven, nonprofit electric provider in Texas, Denton Municipal Electric (DME), is attracting interest from several crypto mining companies seeking to establish operations. These companies are eyeing a five-year agreement for powering their…

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Growing electricity demand from electric vehicles poses risks to the bulk power system, NERC says

Growing electricity demand from electric vehicles poses risks to the bulk power system, NERC says

Growing electricity demand from electric vehicles poses risks to the bulk power system, NERC says Energize Weekly, February 21, 2024 The growing demand for electricity to charge electric vehicles (EVs) – depending upon the timing of the charging – could threaten the bulk power system, according to a study by…

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Xcel plans higher electric rates during peak evening hours, lower overnight costs

Xcel plans higher electric rates during peak evening hours, lower overnight costs FEBRUARY 6, 2024 Xcel has asked state utility regulators to let it switch Minnesota electric customers to variable rates, which on summer weekdays would be seven times more expensive from 3-8 p.m. than between midnight and 6 a.m.,…

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After referendum, Maine advocates and lawmakers look to bolster utility accountability and performance

After referendum, Maine advocates and lawmakers look to bolster utility accountability and performance January 9, 2024 Following the defeat of a ballot measure that sought to replace Central Maine Power (CMP) and Versant with a consumer-owned power company, policymakers and advocates are looking to explore other ways of further regulating…

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FERC sets exit fee formula ending four-year battle between Tri-State G&T and its largest co-op

FERC sets exit fee formula ending four-year battle between Tri-State G&T and its largest co-op

FERC sets exit fee formula ending four-year battle between Tri-State G&T and its largest co-op Energize Weekly, January 3, 2024 After a four-year battle over how much it will cost the Colorado electric cooperative United Power to leave its wholesale power provider, Tri-State Generation and Transmission Association, federal regulators settled…

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New manufacturing facilities and data centers are driving increased electricity demand

New manufacturing facilities and data centers are driving increased electricity demand

New manufacturing facilities and data centers are driving increased electricity demand Energize Weekly, December 27, 2023 The U.S. electric grid is ill-prepared for a surge in demand coming from new manufacturing, data centers and in future years, electrification of transport and building heating. Meanwhile, the queue of generation projects waiting…

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What are time-of-use (TOU) rates? How do they work?

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…

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FirstEnergy’s 4 Pa. subsidiaries, including Met-Ed, to combine into one company

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…

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NARUC establishes new gas-electric working group to tackle grid-related reliability

NARUC establishes new gas-electric working group to tackle grid-related reliability November 28, 2023 At its annual meeting and education conference last week, the National Association of Regulatory Utility Commissioners (NARUC) launched a new 15-month gas electric working group to improve reliability for both the gas and electric industries. “The safety…

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Clean energy jobs growth worldwide surpasses fossil-fuel sector jobs which saw a decline

Clean energy jobs growth worldwide surpasses fossil-fuel sector jobs which saw a decline

Clean energy jobs growth worldwide surpasses fossil-fuel sector jobs which saw a decline Energize Weekly, November 29, 2023 Clean energy employment is growing more rapidly than fossil-fuel jobs across the globe and accounted for the majority of the 67 million jobs in the energy sector in 2022, according to an…

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PG&E bills to soar next year after regulators approve 13% rate increase Thursday

PG&E bills to soar next year after regulators approve 13% rate increase Thursday Nov 16, 2023 Monthly bills for Pacific Gas and Electric Co. customers will climb even higher next year after California regulators on Thursday unanimously approved allowing the utility giant to increase its rates for electricity and natural…

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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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Bills could protect Wyoming residents from future utility rate hikes

Bills could protect Wyoming residents from future utility rate hikes October 31, 2023 Three of seven bills reviewed by state lawmakers Friday morning aim to protect consumers from inflated utility rates while holding companies accountable for reliable energy. The Legislature’s Joint Corporations, Elections and Political Subdivisions Committee meeting happened to…

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U.S. Hit Second Highest Hourly Peak Demand This Summer, EIA Reports

U.S. Hit Second Highest Hourly Peak Demand This Summer, EIA Reports October 6, 2023 This summer, the United States hit the second highest peak electricity demand since the Energy Information Administration began collecting data in 2016, the agency said. Peak hourly electricity demand in the continental United States reached 741,815…

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EVs could capture 80 percent of new car sales in China, Europe, and the U.S. by 2030

EVs could capture 80 percent of new car sales in China, Europe, and the U.S. by 2030

EVs could capture 80 percent of new car sales in China, Europe, and the U.S. by 2030 Energize Weekly, October 11, 2023 While it took six years for electric vehicles (EVs) to climb to from 1 percent to 10 percent of the passenger car market, in another seven, they could…

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U.S. solar installations to set a record in 2023 despite tariff, supply chain, and funding uncertainties

U.S. solar installations to set a record in 2023 despite tariff, supply chain, and funding uncertainties

U.S. solar installations to set a record in 2023 despite tariff, supply chain, and funding uncertainties Energize Weekly, September 27, 2023 Solar installations in the U.S. are poised to reach a record 32 gigawatts (GW) of new capacity in 2023, a 52 percent increase over last year, even as the…

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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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California Legislature approves plan allowing the state to buy power

California Legislature approves plan allowing the state to buy power September 14, 2023 The California Legislature voted Thursday to give Democratic Gov. Gavin Newsom’s administration permission to buy massive amounts of electricity, a move aimed at avoiding blackouts by shoring up the state’s power supply while jumpstarting the West Coast’s…

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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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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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U.S. solar industry sets record in the first quarter of 2023 but faces a host of challenges

U.S. solar industry sets record in the first quarter of 2023 but faces a host of challenges

U.S. solar industry sets record in the first quarter of 2023 but faces a host of challenges Energize Weekly, June 28, 2023 After a record-setting first quarter in 2023, the U.S. solar industry is poised for rapid growth while facing a spate of challenges including system underperformance, labor shortages and…

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Duke Energy to sell utility-scale Commercial Renewables business to Brookfield for $2.8 billion

Duke Energy to sell utility-scale Commercial Renewables business to Brookfield for $2.8 billion June 12, 2023 Duke Energy (NYSE: DUK) today announced it has reached an agreement to sell its unregulated utility scale Commercial Renewables business to Brookfield Renewable (“Brookfield”), one of the world’s largest owners and operators of renewable…

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Kentucky’s largest utility tests new law creating barrier to retire fossil fuel plants

Kentucky’s largest utility tests new law creating barrier to retire fossil fuel plants May 30, 2023 Republican lawmakers in Kentucky, raising concerns that planned and ongoing retirements of coal-fired power plants could affect the reliability and resilience of the electric grid, passed a new law that creates an extra barrier…

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U.S. grid facing blackout risks this summer and next winter, reliability agency warns

U.S. grid facing blackout risks this summer and next winter, reliability agency warns

U.S. grid facing blackout risks this summer and next winter, reliability agency warns Energize Weekly, May 24, 2023 U.S. power grids are facing a risky summer and an even riskier winter, according to analyses by the North American Electric Reliability Corp. (NERC), the agency that oversees grid reliability and security.…

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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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Winter rains lift California hydropower outlook, easing regional demand for natural gas

Winter rains lift California hydropower outlook, easing regional demand for natural gas

Winter rains lift California hydropower outlook, easing regional demand for natural gas Energize Weekly, May 17, 2023 Heavy rains have filled California reservoirs and boosted the prospect for hydropower – welcomed news to the rest of the West, which saw natural gas prices soar last winter as California utilities scrambled…

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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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Surge in clean generation and storage projects creating a backlog on U.S. electric grids

Surge in clean generation and storage projects creating a backlog on U.S. electric grids

Surge in clean generation and storage projects creating a backlog on U.S. electric grids Energize Weekly, April 26, 2023 A surge in clean energy projects – a 40 percent year-over-year increase in 2022 – is creating a traffic jam in getting onto the U.S. electric grid, according to a Lawrence…

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PNM joins WPP’s reliability planning and compliance program in western US

PNM joins WPP’s reliability planning and compliance program in western US 10 Apr 2023 The Public Service Company of New Mexico has joined the first region-wide reliability planning and compliance program in the Western US, known as the Western Resources Adequacy Program. Seattle City Light and Snohomish County Public Utility…

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Southwest Power Pool takes a first step in creating a western wholesale electricity market

Southwest Power Pool takes a first step in creating a western wholesale electricity market

Southwest Power Pool takes a first step in creating a western wholesale electricity market Energize Weekly, April 12, 2023 A group of 26 utilities and organizations representing power producers – ranging from the Rockies to the Southwest to the Pacific Northwest – agreed to join the initial phase of the…

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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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US Power Plant Firm Goes Bankrupt After Winter Storm Penalties

US Power Plant Firm Goes Bankrupt After Winter Storm Penalties March 31, 2023 Lincoln Power LLC, the owner of two Illinois power plants, filed for bankruptcy after its financial strain was exacerbated by nearly $39 million in penalties levied by the biggest US electric-grid operator. The Chapter 11 filing allows…

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Deep freeze and data concerns test Southeast power market

Deep freeze and data concerns test Southeast power market 03/28/2023 When several large electric utilities launched a first-of-its-kind energy trading platform in the Southeast last fall, the pitch was simple: Lower energy bills and deliver more solar power to customers. Now, more than four months after the Southeast Energy Exchange…

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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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The United States Is Facing Electricity Famine

The United States Is Facing Electricity Famine Feb. 7, 2023 There are signs that we are heading towards an electricity famine; a life-threatening energy Holodomor throughout many areas of the United States caused by political decisions. The system is being set up to fail. This problem this time is not…

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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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