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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Illinois Legislature saves at-risk nuclear plants with clean energy bill

Illinois Legislature saves at-risk nuclear plants with clean energy bill September 13, 2021 The Illinois Legislature has approved legislation providing nearly $700 million in subsidies over five years to save unprofitable nuclear plants, acting in the final hour to stop at least one from shutting down. Read more

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Solar could power 45 percent of U.S. electricity by 2050 with multi-billion dollar investment, DOE says

Solar could power 45 percent of U.S. electricity by 2050 with multi-billion dollar investment, DOE says

Solar could power 45 percent of U.S. electricity by 2050 with multi-billion dollar investment, DOE says Energize Weekly, September 15, 2021 The U.S. could get 40 percent of its electricity from solar installations by 2035 and 45 percent by 2050 – through $225 to $560 billion in the power grid…

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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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Global EV sales bounce back from the pandemic, set to hit 14 million vehicles by 2025

Global EV sales bounce back from the pandemic, set to hit 14 million vehicles by 2025

Global EV sales bounce back from the pandemic, set to hit 14 million vehicles by 2025 Energize Weekly, September 8, 2021 Global electric vehicle sales have rebounded from the pandemic with a forecast of reaching 16 percent of all passenger car purchases by 2025, but the pace remains far short…

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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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Hurricane Ida damage to Louisiana’s power grid expected to take weeks to repair

Hurricane Ida damage to Louisiana’s power grid expected to take weeks to repair August 30, 2021 Rescuers set out in hundreds of boats and helicopters to reach people trapped by floodwaters Monday, and utility repair crews rushed in, after a furious Hurricane Ida swamped the Louisiana coast and ravaged the…

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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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PG&E power line suspected in Dixie fire was set to be buried underground in safety move

PG&E power line suspected in Dixie fire was set to be buried underground in safety move AUG. 10, 2021 After Pacific Gas & Electric equipment sparked a massive fire that burned much of Paradise, Calif., and killed 86 people in 2018, the utility vowed a safety campaign aimed at preventing similar…

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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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Barrasso says new legislation sets stage for new Wyoming Natrium nuclear reactor

Barrasso says new legislation sets stage for new Wyoming Natrium nuclear reactor July 19, 2021 Wyoming’s U.S. Sen. John Barrasso on Friday helped introduce the “American Nuclear Infrastructure Act,” legislation which he says would set the stage “to deploy advanced nuclear technologies like the Natrium reactor coming to Wyoming.” Read…

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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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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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Texas Legislature close to approving billions to pay for winter storm financial fallout

Texas Legislature close to approving billions to pay for winter storm financial fallout MAY 25, 2021 Several billions of dollars in state-approved financing will be necessary to stabilize the state’s distressed energy market after the winter storm. Texas approves more in finance bailouts for its utilities than any other state.…

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Pandemic leads to solar industry job losses, as installations set a record

Pandemic leads to solar industry job losses, as installations set a record

Pandemic leads to solar industry job losses, as installations set a record Energize Weekly, May 12, 2021 Solar industry employment dropped 6.7 percent last year to 231,474, despite a record-setting year for installations, according to the 2020 National Solar Jobs Census. The cross trends are explained by increases in labor productivity…

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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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Texas’ new set of electricity regulators begins to take shape in wake of deep freeze, power outages

By Robert T. Garrett, Apr 12, 2021 A new set of Texas electricity regulators began to take shape Monday, as Gov. Greg Abbott nominated a finance expert to be the next chairman of the Public Utility Commission while his earlier choice of a PUC member moved toward Senate confirmation. Read more

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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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Voters weigh in on local and state energy issues from renewable energy to oil and gas taxes

Voters weigh in on local and state energy issues from renewable energy to oil and gas taxes

Energize Weekly, November 11, 2020 Election returns on state and local energy issues were both literally and figuratively all over the map last week on issues ranging from renewable energy to oil and gas taxes. Voters in Alaska rejected a tax on oil operations while the industry was denied a…

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Climate change threatens profitability of investor-owned utilities, Moody’s says

Climate change threatens profitability of investor-owned utilities, Moody’s says

Energize Weekly, January 29, 2020 From heat to humidity to severe storms investor-owned utilities across the U.S. will face particular regional climate change hazards, according to an analysis by Moody’s Investors Services. A utility in the Southeast, such as Duke Energy, could face risk from heavier storms, floods and storm…

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2017 saw upending events in the utility sector as long-term trends showed staying power

Energize Weekly, January 3, 2018 The utility industry faced a tumultuous 2017 with big policy initiatives from Washington and strong underlying trends continuing to challenge the sector. Many of the year’s big stories came from the Trump administration, but markets and corporate decisions also played a big role in defining…

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