AI could drive a natural gas boom as power companies face surging electricity demand MAY 5 2024 Natural gas producers are planning for a significant spike in demand over the next decade, as artificial intelligence drives a surge in electricity consumption that renewables may struggle to meet alone. After a decade of flat power growth…
Texas power prices signal grid stress in another long, hot summer Apr 29, 2024 A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs. Traders start looking at prices months in advance to gauge the outlook for demand. Read more
U.S. hydropower generation expected to increase by 6% in 2024 following last year’s lows APRIL 18, 2024 Last year, U.S. hydropower electricity generation fell to its lowest since 2001. This year, we expect hydropower to increase 6% and account for 250 billion kilowatthours of electricity generation in the power sector, based on forecasts in our…
PacifiCorp scales back renewables April 16, 2024 PacifiCorp, parent company to Wyoming’s largest utility, Rocky Mountain Power, has issued major updates to its Integrated Resource Plan, a blueprint that highlights key changes to the company’s business strategy and its ever-evolving energy portfolio. The update shines a light on the world of public utilities and the…
North Dakota’s Dept. of Commerce looking at nuclear power to meet the increasing demand for electricity April 15, 2024 North Dakota’s Commerce Department has begun studying whether nuclear power could be used to help meet the increasing demand for electricity. That demand is being driven – in part – by new data centers, that are…
With time short, S.C. senators take up comprehensive energy bill Apr. 5, 2024 Utilities, conservation groups, and other stakeholders are all in agreement: South Carolina needs to expand its energy capacity to keep up with its growth. It’s a top priority for leaders in Columbia as well, but they face a tight timeline to get…
Tri-State G&T faced with co-ops leaving and a stalled rate increase sees bond ratings drop Energize Weekly, April 10, 2024 Facing the departure of four member cooperatives and the failure to get federal regulators to approve a rate increase, Tri-State Generation and Transmission Association bonds were downgraded by two rating agencies. Fitch Ratings and Moody’s…
Dominion Energy gets 764MW of new solar capacity approved in Virginia April 2, 2024 Virginia regulators on Friday approved more than a dozen new solar projects from Dominion Energy in a move that will expand the company’s clean energy fleet in the US state. The projects approved by the Virginia State Corporation Commission (SCC) will…
SC customers could pay millions for a new power plant that may only run at half capacity April 1, 2024 Imagine South Carolina building a large power plant to meet future electricity demand, then not being able to fully use it. That’s a possibility under a new federal rule proposed last year to curb greenhouse…
Evergy Plan Maintains Lowest-Cost Approach to Meeting Growing Customer Electricity Demand, Maintaining Reliability, and Advancing Sustainability April 1, 2024 Evergy, Inc. (NASDAQ: EVRG) today filed its triennial Integrated Resource Plan with the Missouri Public Service Commission. This outlines the plan to meet customer electricity needs over the next 20 years. It includes additional renewable and…
Xcel’s Prairie Island nuclear plant near return after lengthy outage drew questions March 18, 2024 Xcel Energy has promised state officials its Prairie Island nuclear power plant is almost back to full power despite the outage dragging on for nearly two months longer than expected. The Minnesota Department of Commerce is waiting on the company’s…
After being rebuffed by regulators, utilities file slimmed-down spending plans March 18, 2024 State regulators are once again considering massive electric utility spending plans that would affect the state’s climate goals – and 5.4 million electric customers’ monthly bills – after rejecting previous versions late last year. The Illinois Commerce Commission forced the state’s two…
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