Seattle City Light to raise rates after it burns through cash reserves Oct. 12, 2023 Seattle City Light will raise rates in January to recoup millions of dollars it lost during a particularly poor year of hydropower production, mostly attributed to dry, warm weather and a wildfire that disrupted dam operations over the summer. In…
U.S. Hit Second Highest Hourly Peak Demand This Summer, EIA Reports October 6, 2023 This summer, the United States hit the second highest peak electricity demand since the Energy Information Administration began collecting data in 2016, the agency said. Peak hourly electricity demand in the continental United States reached 741,815 megawatt hours on July 27,…
Xcel Energy plans new $500M transmission line in western Wisconsin October 9, 2023 Xcel Energy plans to build a new $500 million transmission line through parts of western Wisconsin. The company says it’s needed to maintain grid reliability as the utility transitions away from coal-fired power plants and brings in more wind power from Minnesota…
Vogtle Unit 4 startup date pushed back after motor fault discovered in reactor coolant pump 10.9.2023 The in-service date for Plant Vogtle Unit 4 is being pushed back to 2024 due to a motor fault in one of four reactor coolant pumps, Georgia Power said in a filing to the SEC. The Oct. 6 filing…
The problem with making green hydrogen to fuel power plants 10 October 2023 Today, utility Florida Power & Light will begin operations at its Cavendish NextGen Hydrogen Hub, one of the country’s first green hydrogen facilities. The 25-megawatt project will use solar power to split water into oxygen and hydrogen atoms, and then blend that…
PG&E to Pay $45 Million for Second-Largest California Fire October 9, 2023 PG&E Corp. will pay a $45 million penalty for its role in starting the second-largest wildfire in California history under a settlement proposal issued by state regulators. The California utility giant agreed to the shareholder-funded penalty proposed by the California Public Utility Commission’s…
EVs could capture 80 percent of new car sales in China, Europe, and the U.S. by 2030 Energize Weekly, October 11, 2023 While it took six years for electric vehicles (EVs) to climb to from 1 percent to 10 percent of the passenger car market, in another seven, they could capture as much as 80…
In the shadow of a nuclear plant, Prairie Island celebrates steps toward a green future October 3, 2023 Standing in the same former bean field he played in as a child, Prairie Island Indian Community President Johnny Johnson recently led a crowd of project partners and community members in celebrating progress on the tribe’s net…
Colorado awarded $17.2 million grant for power grid resilience Sep 28, 2023 The Colorado Energy Office and state Department of Local Affairs were granted $17.2 million in federal funds for improving the resilience and reliability of Colorado’s electric grid against climate-driven extreme weather events and aging infrastructure. As part of the program, state energy officials…
Ameren wants to build two gas power plants. Critics call them ‘a big concern.’ Sep 27, 2023 Regional electric utility Ameren said Tuesday that it aims to build two natural gas power plants over the next decade, a revelation that appears to conflict with corporate goals to slash carbon emissions amid a wave of spending…
Utility stocks take a beating amid rising rates October 3, 2023 Utility stocks took a breather on Tuesday following the sector’s worst daily performance since April 2020. The SPDR S&P 500 Utility Sector ETF (XLU) fell 4% on Monday and recovered to end the next day higher. Year-to-date the ETF is down a whopping 21%.…
NRC approves transfer of three Energy Harbor nuclear plants to Vistra 10.3.2023 The Nuclear Regulatory Commission (NRC) approved the transfer of the operating licenses of Energy Harbor’s three nuclear plants to Vistra. In March 2023, Vistra reached an agreement to acquire Energy Harbor in a $3.4 billion deal, including debt. Read more
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