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 fledgling offshore wind industry. Five…
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. The association is offering energy…
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) in regard to their application…
First US offshore wind auction in Gulf of Mexico attracts paltry interest August 29, 2023 The Biden administration’s first ever auction of offshore wind development rights in the Gulf of Mexico ended with a single $5.6 million winning bid on Tuesday, reflecting meager demand for the clean energy source in a region known for oil…
Wind and solar are propping up the Texas power grid amid a brutally long heat wave July 28, 2023 As Texas bakes under a sweltering heat dome this summer and people crank their air conditioners, the state’s energy demand has smashed records. But the power has stayed on and prices haven’t spiked tremendously. Thank wind…
PPL outlines first-of-its-kind technology Jul 16, 2023 PPL Electric Utilities is bolstering the reliability of the power it delivers to its more than 1.4 million customers with the use of Dynamic Line Rating (DLR) technology, a first-of-its-kind technology that is garnering national recognition. In 2022, PPL Electric became the first U.S. electric utility to integrate…
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 energy billing program, which was…
Avangrid agrees to pay $48m to terminate offshore wind deal Jul 17, 2023 Avangrid and the State’s three major utilities on Monday agreed to terminate a power purchase agreement they signed just last year, with the offshore wind developer agreeing to pay a total of $48 million to put the contract for Commonwealth Wind behind…
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 the risk posed by extreme…
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 power and climate transition assets,…
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 for utilities to retire such…
FPL proposes another rate reduction beginning in July May 19, 2023 After an initial rate reduction early on in May, Florida Power & Light is proposing another rate decrease, this time a $256 million cut to take effect in July. “This is more positive news for our customers,” said Armando Pimentel, president and CEO of…
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