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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PJM puts transmission upgrades for onshore renewables and offshore wind at up to $3.2 billion

PJM puts transmission upgrades for onshore renewables and offshore wind at up to $3.2 billion

PJM puts transmission upgrades for onshore renewables and offshore wind at up to $3.2 billion Energize Weekly, August 18, 2021 The PJM Interconnection – the nation’s largest grid operator – estimates that it will take between $2.2 billion and $3.2 billion in new transmission investments by 2035 to accommodate the…

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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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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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Duke Energy commits to helping struggling Floridians save money, avoid disconnections

Duke Energy commits to helping struggling Floridians save money, avoid disconnections May 11, 2021 Duke Energy announced a series of steps it is taking to ensure customers who are behind on their utility bills don’t have their power cut off at a dangerous time. 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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Utilities and state regulators delay rate increases, disconnections to deal with COVID-19

Utilities and state regulators delay rate increases, disconnections to deal with COVID-19

Energize Weekly, May 6, 2020 In the face of the novel coronavirus pandemic, utilities and utility regulators are moving to postpone rate increases and guard against service shutdowns for customers as most states continue to impose stay-at-home orders for their residents. The moves are also creating some financial risk and…

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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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Bonds and credit instruments for green and sustainable projects reach $1 trillion in 2019

Bonds and credit instruments for green and sustainable projects reach $1 trillion in 2019

Energize Weekly, November 27, 2019 Debt instruments fostering sustainable projects and development reached $1 trillion in 2019 – with more than 30 percent of those loans coming this year, according to Bloomberg New Energy Finance (BNEF). “Reaching the trillion dollar milestone is a key moment for the sustainable debt market…

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Two of Tri-State’s biggest co-ops file complaints with the Colorado PUC seeking to leave

Two of Tri-State’s biggest co-ops file complaints with the Colorado PUC seeking to leave

Energize Weekly, November 13, 2019 Tri-State Generation and Transmission Association continues to face pressure from some of its members as two of its largest electric cooperatives last week filed complaints with the Colorado Public Utilities Commission (CPUC) seeking reasonable exit fees from the association. Brighton, Colo.-based United Power, the largest…

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Tri-State adds new member, natural gas broker MIECO, in bid to qualify for FERC regulation

Tri-State adds new member, natural gas broker MIECO, in bid to qualify for FERC regulation

Energize Weekly, September 11, 2019 Tri-State Generation and Transmission Association has added energy services company MIECO Inc. as its first non-rural electric cooperative member, clearing the way for the association to be regulated by the Federal Energy Regulatory Commission (FERC). In July, Tri-State, which serves 43 electric cooperatives in four…

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U.S. electricity prices up slightly in the past 12 months spurred by sharp regional differences

U.S. electricity prices up slightly in the past 12 months spurred by sharp regional differences

Energize Weekly, September 4, 2019 Average electricity prices in the U.S. edged up three-tenths of a percent in the most recent 12-month rolling period, which ended in May 2019, compared to the previous 12-month span, according to the federal Energy Information Administration (EIA). There were, however, sharp regional and state…

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Colorado PUC moves to block Tri-State plan to move from state to FERC regulation

Colorado PUC moves to block Tri-State plan to move from state to FERC regulation

Energize Weekly, August 21, 2019 The Colorado Public Utilities Commission (PUC) has filed an unprecedented protest with federal regulators seeking to block the bid by Tri-State Generation and Transmission Association to move from state to federal rate regulation. Tri-State, which wants to shift rate regulation to the Federal Energy Regulatory…

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Nearly half of U.S. utilities filed rate cases in 2018, most of them seeking rate increases

Nearly half of U.S. utilities filed rate cases in 2018, most of them seeking rate increases

Energize Weekly, July 31, 2019 Almost half of the major U.S. electric utilities filed rate cases with state regulators in 2018 – the highest number since 1983 – with nearly 90 percent seeking rate increases, according to the federal Energy Information Administration (EIA). The rate increase requests were driven mainly…

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Tri-State reaches exit deal with Colo. co-op, seeks FERC regulation on rates and contracts

Tri-State reaches exit deal with Colo. co-op, seeks FERC regulation on rates and contracts

Energize Weekly, July 31, 2019 After more than two years of sometimes acrimonious negotiations, fights before a state utilities commission and lawsuits, the Tri-State Generation and Transmission Association has agreed to terms allowing one of its rural Colorado cooperatives to leave next year. Four days after filing the agreement with…

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Colorado co-op sues to block Tri-State’s move to FERC regulation, state lawmakers also concerned

Colorado co-op sues to block Tri-State’s move to FERC regulation, state lawmakers also concerned

Energize Weekly, July 10, 2019 Tri-State Generation and Transmission Association is going ahead with its deliberations on moving from state to federal regulatory oversight even as one of its rural Colorado electric cooperatives has gone to court to block the action. Tri-State’s decision to seek regulation by the Federal Energy…

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Global energy investment, after a three-year slide, stabilized in 2018, the IEA says

Global energy investment, after a three-year slide, stabilized in 2018, the IEA says

Energize Weekly, May 29, 2019 After a three-year slide, global energy investment stabilized in 2018 at just more than $1.8 trillion dollars—as spending on oil, natural gas and coal increased, the International Energy Agency (IEA) said. Investments in renewable generation and energy efficiency, however, stalled in 2018, according to the…

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Majority of nation’s coal plants are undercut on costs by wind and solar, study says

Majority of nation’s coal plants are undercut on costs by wind and solar, study says

Energize Weekly, April 3, 2019 Nearly three-quarters of the nation’s coal-fired electric generation could be matched or undercut on cost by local wind and solar installations, according to analysis by Energy Innovation and Vibrant Clean Energy. The report projects that the portion of the coal-fired fleet economically challenged by renewable…

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Utility and power sector investments reach a record $180 billion in first half of 2018

Utility and power sector investments reach a record $180 billion in first half of 2018

Energize Weekly, September 12, 2018 Utility and power sector deals globally hit a record $180 billion in the first half of 2018, spurred by industry consolidation and renewable energy investments, according to a report by Ernst & Young (EY). The accounting and consulting firm’s second quarter “Power Transactions and Trends”…

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Community banks and credit unions are playing a large role in residential solar financing

Community banks and credit unions are playing a large role in residential solar financing

Energize Weekly, August 8, 2018 Community banks and regional financial institutions are becoming a bigger force in the financing of residential and small commercial solar installations, according to a study by the National Renewable Energy Laboratory (NREL). These community banks and credit unions represent a new source of capital for…

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Blockchain could help manage rooftop solar, electric vehicle and energy trades, study says

Blockchain could help manage rooftop solar, electric vehicle and energy trades, study says

Energize Weekly, July 25, 2018 Blockchain—the decentralized digital ledger most often linked to cryptocurrencies—could have a major impact in managing rooftop solar, electric vehicle charging and energy trading, according to an analysis by the Energy Futures Initiative (EFI). The EFI study estimates there has already been $100 million to $300…

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Nuclear needs financial support to survive, and some states are already heeding the call

Nuclear needs financial support to survive, and some states are already heeding the call

Energize Weekly, May 16, 2018 Nuclear power plants under pressure from market forces are facing closures, but states with high concentrations of nuclear power are stepping in to bolster these generators, and there may be additional policy initiatives that can be taken, according to new studies. “Nuclear power is responsible…

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