By Mark Jaffe, EUCI energy writer The U.S. Department of Energy (DOE) has launched a $1.9 billion program to spur electricity infrastructure investments aimed at upgrading the existing grid to meet growing electricity demand and resource adequacy requirements. The program – Speed to Power through Accelerated Reconductoring and other Key Advanced Transmission Technology Upgrades or…
By Mark Jaffe, EUCI energy writer The U.S. Department of Energy (DOE) on Feb. 25 issued its largest loan package ever – $26.5 billion – to help finance 16 gigawatts (GW) of generation and 1,300 miles of new transmission in Georgia and Alabama. Georgia Power, a subsidiary of Southern Company, received $22.4 billion, and Alabama…
By Mark Jaffe, EUCI energy writer The global natural gas market is set to be reshaped in 2026 by a surge of new liquified natural gas (LNG) capacity, which will help lower market prices and spur demand, according to the International Energy Agency (IEA). The increase in global gas demand slowed to less than 1%…
By Mark Jaffe, EUCI energy writer New Jersey Gov. Mikie Sherrill – making good on a campaign promise to deal with rising utility bills – on her first day in office issued two executive orders aimed at freezing rates and creating more generating capacity. “I promised the people of New Jersey bold action to lower…
By Mark Jaffe, EUCI energy writer While having made progress on deploying clean technologies, global efforts to meet 2030 decarbonization targets – set as part of the 2016 Paris Agreement – are falling short and new initiatives are wavering, according to a McKinsey & Company analysis. “The energy transition shows signs of slowing momentum –…
By Mark Jaffe, EUCI energy writer The U.S. shale oil and gas sector is poised for a “new wave of consolidation” among small- and medium-sized producers facing an increasingly competitive landscape, according to industry consultant Rystad Energy. “Scale and efficiency are key catalysts for exploration and production (E&P) players who are seeking favorable business valuations,…
By Mark Jaffe, EUCI energy writer Oil and gas upstream mergers slumped in the third quarter of 2025, as doggedly low oil prices kept buyers away, with deals dropping to $9.7 billion, making it the third straight quarterly decline, according to Enverus Intelligence Research (EIR). The year began with a flurry of mergers and acquisitions,…
By Mark Jaffe, EUCI energy writer While geopolitical risks tend to push up the price of oil, an increase in supply and global economic uncertainties has tamped down the price of oil to its lowest in nearly three years. Global petroleum inventories rose by an average of 1.8 million barrels a day in the second…
By Mark Jaffe, EUCI energy writer The sea lanes vital to the global oil market are under pressure from geopolitical events as shipments through five critical maritime “chokepoints” drop and insurance rates rise, according to a Rystad Energy analysis. In 2023, more than 71 million barrels a day (bpd) of oil and 26 billion cubic…
By Mark Jaffe, EUCI energy writer Five state utility commissions opposed to paying for what they see as renewable energy projects for other states are seeking to change the financing for $22 billion in transmission projects planned by the Midcontinent Independent System Operator (MISO). In a complaint filed with the Federal Energy Regulatory Commission (FERC),…
By Mark Jaffe, EUCI energy writer Global electric vehicle (EV) sales are set to have another record-breaking year in 2025, even as the U.S. market is hit with policies to cut back support for the vehicles, according to BloombergNEF. BNEF is projecting nearly 22 million passenger EV sales this year, up 25% from 2024. China…
By Mark Jaffe, EUCI energy writer Growth in spending and production in the U.S. oil industry are projected to slow over the next few years, after a boom in drilling and capital spending between 2015 and 2024, according to an International Energy Agency (IEA) analysis. Upstream oil investments are on track to fall by nearly…
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