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Electric prices jump 9% year-over-year on rising investments and fuel costs, EIA says

By Mark Jaffe, EUCI energy writer Following a five-year trend spurred by investments, rising natural gas prices, and growing demand, the year-over-year national average electric revenue rose 9% to 14.6 cents a kilowatt-hour (kWh) in February 2026, according to the U.S. Energy Information Administration (EIA). Forty-three states and the District of Columbia saw increased revenue…

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TVA power grid working overtime amid record-breaking heat

TVA power grid working overtime amid record-breaking heat Aug 30, 2024 It’s no surprise that intense heat in Middle Tennessee has lead a lot of people to crank up the air conditioning. Officials with the Tennessee Valley Authority (TVA) told News 2 that this means the power grid is working overtime. The TVA System Operations…

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Entergy Louisiana breaks ground on phase one of grid resilience plan

Entergy Louisiana breaks ground on phase one of grid resilience plan August 20, 2024 Entergy Louisiana LLC recently marked the start of phase one of its comprehensive grid resilience plan during a groundbreaking ceremony in Lake Charles, reports Daily Energy Insider. “We harden the grid throughout each year; however, the launch of our new resilience…

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Texas launches new investigation into Houston’s power utility following deadly outages after Beryl

Texas launches new investigation into Houston’s power utility following deadly outages after Beryl August 12, 2024 Texas’ attorney general launched an investigation Monday into Houston’s electric utility over allegations of fraud and waste following Hurricane Beryl, adding to the mounting scrutiny after widespread power outages left millions without electricity for days. The latest investigation of…

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CenterPoint Energy sees up to $1.3 bln in restoration costs after Hurricane Beryl

CenterPoint Energy sees up to $1.3 bln in restoration costs after Hurricane Beryl July 30, 2024 Electric and gas utility CenterPoint Energy (CNP.N), opens new tab said on Tuesday it expects total costs to restore facilities damaged by Hurricane Beryl to be in the range of $1.2 billion to $1.3 billion. Earlier this month, Hurricane…

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Hawaiian Electric nears completion of $1.7M weather station project to help prevent wildfires

Hawaiian Electric nears completion of $1.7M weather station project to help prevent wildfires July 26, 2024 Hawaiian Electric Co. expects to fully complete its $1.7 million weather station project by the end of the month to help the company better predict and respond to weather conditions that could spark wildfires. Hawaiian Electric, which is installing…

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Hurricane Beryl Ravages Texas Coast, Leaving Widespread Damage and Power Outages

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…

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New rates approved for Duke Energy Carolinas customers in South Carolina

New rates approved for Duke Energy Carolinas customers in South Carolina Jul 08, 2024 The Public Service Commission of South Carolina (PSCSC) has approved new customer rates based on a settlement agreement with almost all parties in the Duke Energy Carolinas rate review request filed with the commission in January of this year. The changes…

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Entergy Texas announces resiliency plan to strengthen the Southeast Texas power grid

Entergy Texas announces resiliency plan to strengthen the Southeast Texas power grid 07/01/2024 Extreme weather has become more frequent and severe in Texas. According to the National Centers for Environmental Information, there have been 179 extreme weather events in Texas from 1980 to June 2024, including hurricanes and winter storms. These extreme events, coupled with…

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Con Edison begins five-year plan to install interrupters to improve reliability

Con Edison begins five-year plan to install interrupters to improve reliability June 24, 2024 Over the next five years, Con Edison plans to install 100 new “interrupters” on underground electric delivery equipment in Brooklyn and Queens. An interrupter is a device that swiftly detects and “interrupts” problems within underground electrical systems. They function as circuit…

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To Beat the Summer Heat and Support the Transition to Clean Energy, Con Edison Puts $2.3 Billion Plan In Action

To Beat the Summer Heat and Support the Transition to Clean Energy, Con Edison Puts $2.3 Billion Plan In Action June 10, 2024 Con Edison is investing $2.3 billion in infrastructure projects across New York City and Westchester County to keep its service safe and reliable and support the clean energy transition. The annual expenditure…

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CVEC alerts customers of rate increases due to rising costs and line upgrades

CVEC alerts customers of rate increases due to rising costs and line upgrades Jun 11, 2024 The Central Virginia Electric Cooperative (CVEC) has announced that customers will see a rate increase on their bills starting on June 12. This comes after the CVEC filed a streamlines rate case with the Virginia State Corporation Commission on…

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