Hawaiian Electric shares plummet 40% after Maui wildfires lawsuit August 15, 2023 Shares of Hawaiian Electric have plummeted nearly 40% since trading opened Monday over concerns that the utility company could be held liable for damage wrought by the Maui wildfires. A class-action lawsuit filed against Hawaiian Electric on Saturday alleges that the company “inexcusably…
How a grid rule change could derail Texas renewables 08/04/2023 In the midst of a sweltering summer when renewable energy has helped Texas avoid grid outages despite record demand, wind and solar companies are warning that a proposed rule may cripple their industry. The state’s main grid operator is reviewing a plan that would require…
SRP and APS report record-breaking electricity demand during July heat wave Aug. 4, 2023 After July’s historic heat wave, both SRP and APS reported electricity demand skyrocketed, and the companies recorded the highest demand they have ever seen from customers. Both companies say it only takes one megawatt to power 160 Arizona homes. Last month,…
PSC to retire several coal, natural gas plants Aug 4, 2023 The Kentucky Public Service Commission (PSC) will provide several opportunities over the next month for the public to receive information and provide comments regarding Louisville Gas and Electric and Kentucky Utilities’ (LG&E/KU) request to retire four coal-fired electric generating units and three natural gas…
APS says rate hike vital to keep homes in Phoenix powered, recover infrastructure costs Aug 4, 2023 As a rate increase for Arizona Public Service customers is on the horizon, the president of the company said it is necessary to recover infrastructure costs and to continue powering Phoenix homes. Regaining infrastructure costs, coupled with flat…
Cyberattacks on the power grid are on the rise as utilities seeking security play catch-up Energize Weekly, August 9, 2023 In the summer of 2022, the Colorado Springs Utilities alerted its customers that their data from its system had been hacked. Several months later, 2,000 wind turbines in Germany were shut down when their remote…
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…
Northland transmission line to boost reliability as renewables replace power plants July 31, 2023 Large cross-country transmission lines carrying clean energy from remote rural areas to population centers will be a key strategy for reducing emissions. But as a project in Minnesota illustrates, the grid puzzle is more complicated than that. Connecting central and northern…
America’s first new nuclear reactor in nearly seven years starts operations JUL 31 2023 Monday marked the first time a new nuclear reactor has begun delivering power to the electric grid in the United States in nearly seven years. Nuclear energy does not generate the greenhouse gas emissions that cause climate change. The unit 3…
Michigan PSC approves DTE Energy’s Integrated Resource Plan, setting path to net zero emissions by 2050 July 28, 2023 DTE Energy received approval for its CleanVision Integrated Resource Plan (IRP) this week from the Michigan Public Service Commission (MPSC), greenlighting a clean energy plan that will speed the end of coal and cut emissions sooner.…
Infrastructure and green energy spending are powering the economy July 28, 2023 A surge in government funding and related private investment is beginning to make its way to businesses and communities across the country, building electric vehicles, new bridges, airport upgrades and a host of other infrastructure and green energy projects that are juicing the…
Global temperatures are rising in 2023 and so is worldwide consumption of coal and oil Energize Weekly, August 2, 2023 As the world sizzles, with July the hottest month on Earth since records have been kept, consumption of coal and oil – the two main sources of climate-warming greenhouse gases – are also setting records.…
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