Before key hearings in North Carolina, Duke Energy makes tiny concessions to big gas ambitions July 18, 2024 Before pivotal hearings that begin Monday, Duke Energy has made a few small concessions to its plans for a giant fossil fuel buildout in North Carolina, winning over the once-skeptical state-sanctioned ratepayer advocate. Duke’s proposed settlement with…
FirstEnergy gains $1.2B in proceeds as sale of transmission subsidiary gets finalized July 19, 2024 FirstEnergy Corp. on July 17 received the remaining $1.2 billion in proceeds from the sale of its FirstEnergy Transmission LLC (FET) subsidiary, and said it will use the funds to further improve its balance sheet and support its five-year, $26…
Manchin, Barrasso announce permitting reform deal, breaking lengthy impasse 07/22/24 Sens. Joe Manchin (I-W.Va.) and John Barrasso (R-Wyo.) have reached an agreement on a bill to speed up the nation’s energy and infrastructure projects after about two years of trying to reach a deal. The bill takes on a suite of issues known collectively as…
Power plant coal shipments dropped 8 percent in 2023 but will see a slight rebound in 2024 Energize Weekly, July 24, 2024 Coal shipments in the U.S. decreased 8 percent in 2023, continuing a two-decade trend as more coal-fired power plants are retired, although deliveries could see a bump this year, according to data from…
CIB Invests $283.5 Million in New Alberta Transmission Line July 11, 2024 The Canada Infrastructure Bank (CIB) is providing Alberta electricity transmission companies, AltaLink and ATCO Electric, with a loan of $208.16 million to construct a transmission line, the Central East Transfer-Out project, in the counties of Red Deer, Lacombe and Stettler. The loan will…
Dominion, Virginia move forward in pursuing small modular reactor goals July 12, 2024 Virginia’s pursuit of nuclear power technology, though ambitious and not without resistance, continues to prove more than empty rhetoric, as representatives from Dominion Energy and the Youngkin administration gathered Wednesday at a company power station to share the next steps. Dominion had…
With electricity demand predicted to double, Dominion Energy looks to add “peaker plants” July 16, 2024 In 2020, Virginia became the first southern state to lay out a legal mandate for a carbon-free electrical grid. That’s why it was a surprise to many when Dominion Energy announced plans to build a new natural gas plant…
Seattle City Light to increase rates due to higher demand, rising energy costs July 15, 2024 The Seattle City Light Department recently announced a plan to increase rates for customers amid a growing energy demand and heightened labor costs. Customers could see a 5.4% rate increase in 2025 and 2026, which equates to about an…
Federally proposed bill promotes Energy Dept.’s use of AI in energy, national security, science 7/15/2024 A newly introduced bill on Capitol Hill aims to advance America’s leadership in artificial intelligence (AI) by establishing a program at the U.S. Department of Energy (DOE) that would promote the department’s use of the technology in its work in…
U.S. offshore wind development falters in 2023 but is projected catch up in the next 10 years Energize Weekly, July 17, 2024 Offshore wind development in the U.S. suffered setbacks in 2023 with projects being cancelled and less than half of the 30-gigawatt (GW) target set by the Biden administration forecast to be deployed by…
Hurricane Beryl Ravages Texas Coast, Leaving Widespread Damage and Power Outages July 8, 2024 Tropical Storm Beryl has unleashed heavy rains and powerful winds along the Texas coast, leading to widespread power outages affecting nearly 3 million homes and businesses. Streets are inundated with rapidly rising waters, prompting urgent rescue efforts as first responders work…
Oglethorpe Power acquires 465 MW natural gas-fired plant 7.8.2024 Oglethorpe Power announced the acquisition of Walton County Power, a 465 MW, three-unit combustion turbine generation facility in Monroe, Georgia. The facility was purchased from Mackinaw Power Holdings, an affiliate of the global investment firm, The Carlyle Group. Walton County Power began commercial operation in 2001,…
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