High pump prices the result of a suite of market issues and not simply price gouging, study says Energize Weekly, May 18, 2002 Oil companies have been in the crosshairs of lawmakers for either price gouging or not producing enough oil as gasoline pump prices have soared, but a new…
We Energies seeks rate plan to fund clean energy investments, grid hardening May 02, 2022 We Energies proposed a new rate plan to the Public Service Commission of Wisconsin (PSCW) last week, potentially raising customers’ rates for electricity, natural gas and steam next year to pay for a large-scale clean…
These 3 Things Will Take a Big Bite Out of Oil Demand in 2022 April 26, 2022 The ongoing war in Ukraine, Covid-19 lockdowns in China and surging commodity prices are going to take a significant bite out of global oil demand this year. That’s according to Rystad Energy’s senior…
Consumers Energy settles with stakeholders over Clean Energy Plan, pledges coal elimination by 2025 April 22, 2022 After agreeing to a settlement with key stakeholders, Consumers Energy announced this week that, as part of its Clean Energy Plan, it will cease using coal as a fuel source for electric generation…
U.S. Is Set to Launch a $6 Billion Effort to Save Nuclear Plants Apr 18, 2022 The Energy Department is expected to provide details as soon as Monday on a $6 billion program aimed at keeping uneconomical nuclear plants in service, providing a lifeline to an industry that’s seen a…
California utility to pay $55 million for massive wildfires April 11, 2022 Pacific Gas & Electric, the nation’s largest utility, has agreed to pay more than $55 million to avoid criminal prosecution for two major wildfires sparked by its aging Northern California power lines and submit to five years of…
Supply-chain issues hobble storage projects but installation still set a record in 2021 Energize Weekly, April 13, 2022 Even in the face of supply-chain problems, energy storage installations set a record in the U.S., and the forecasts have domestic and global capacity growing twentyfold by 2030, according to industry analyses.…
Xcel wants to close power plant near Pueblo barely a decade after going into operation Mar 27, 2022 The Colorado Public Utilities Commission tabled a request by Xcel Energy to once again shorten the operating life of the Comanche power station’s Unit 3 near Pueblo, the last of three generating…
Judge wants more research on plan to shut down J.H. Campbell Power Plant Mar 11, 2022 A Michigan judge is recommending Consumers Energy and the Michigan Public Service Commission do more research before signing off on the utility company’s plan to completely shut down the J.H. Campbell Power Plant in…
U.S. natural gas production and LNG exports projected to rise as foreign markets grow Energize Weekly, March 16, 2022 Natural gas production in the U.S. is poised to increase through 2050, spurred by exports – with a likely rise in shipments to Europe in the wake of the Russian invasion…
Former Ohio regulator linked to $4M payoff directed agency to limit response to FirstEnergy corruption February 15, 2022 Newly produced documents show that Sam Randazzo, former chair of the Public Utilities Commission of Ohio, came up with the idea to let FirstEnergy show it didn’t use ratepayer money for House Bill…
Biden extends, but modifies, Trump-era solar tariffs, says official FEB 4, 2022 U.S. President Joe Biden on Friday extended Trump-era tariffs on imported solar energy equipment by four years but in a major concession to the renewable energy industry excluded a panel technology that dominates the market for big projects. Read more
Peco parent Exelon completes spinoff of its power generation business Feb 2, 2022 Exelon Corp. on Wednesday completed its separation into two companies: a new generation and marketing business that owns the nation’s largest fleet of nuclear power plants, and a Chicago-based utility giant whose operations include Peco, Atlantic City…
PJM seeks reserve market rehearing from FERC, proposes capacity auction schedule 24 Jan 2022 PJM Interconnection has asked the Federal Energy Regulatory Commission for a rehearing in its reserve market proceeding because a recent FERC order departs, without adequate explanation, from prior findings that resource procurement costs to alleviate power…
Tri-State reaches agreement with more than two dozen parties on resource plan January 20, 2022 Tri-State Generation and Transmission Association, a wholesale power provider serving rural utilities in Colorado and three other states, has reached a settlement with several parties on a plan aimed at cutting costs for ratepayers and…
Oil and Gas M&A activity rebounds in 2021, but is still off pre-pandemic pace Energize Weekly, January 19, 2022 Oil and gas industry upstream mergers and acquisitions (M&A) rebounded in 2021 rising 25 percent to $66 billion compared to pandemic-hobbled 2020, according to a report by industry analyst Enverus. After…
Insurance Companies Sue Texas Power Grid Operator Over 2021 Winter Storm Losses January 7, 2022 More than 100 insurance companies are suing the Texas power grid operator and several power-generating companies (PGCs) over losses suffered from 2021 Winter Storm Uri, which resulted in more than 500,000 insurance claims and approximately…
Evergy Files Missouri Rate Review to Recover Costs to Modernize Grid, Improve Reliability and Enhance Customer Service January 7, 2022 Today Evergy submitted a detailed rate review to the Missouri Public Service Commission (MPSC). The requested rate adjustment reflects investments to improve reliability, enhance customer service and enable the company’s transition to cleaner energy…
US natural gas faces wild 2022 as foreign crises exert pull Jan 1, 2022 U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates. Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual…
BP to buy out U.S. pipeline partnership in $723 mln deal December 20, 2021 BP (BP.L) will acquire the remaining stake in its U.S. pipelines partnership BP Midstream Partners LP (BPMP.N) that it doesn’t already own in a more than $700 million deal, as the energy giant looks to simplify its structure. Read more
Exelon separation moves forward, with New York Public Service Commission approval December 20, 2021 Exelon Corp. announces that the New York State Public Service Commission has approved a unanimous settlement agreement that allows Exelon to move forward with its plan to separate into two companies in the first quarter of 2022. Read…
Cincinnati, Columbus settle civil claims related to FirstEnergy bailout December 14, 2021 The cities of Cincinnati and Columbus have dismissed their state court claims against FirstEnergy and Energy Harbor for the companies’ actions relating to House Bill 6, the nuclear and coal bailout law at the heart of a $60…
U.S. set to become the world’s largest LNG exporter with Asia and Europe as its biggest customers Energize Weekly, December 15, 2021 The U.S. is poised to become the world’s largest liquified natural gas (LNG) exporter in 2022 with the addition of two new liquefaction units coming online along the…
California Community Choice Financing Authority issues first municipal clean energy bonds DECEMBER 6, 2021 California’s first municipal non-recourse Clean Energy Project Revenue Bonds issued today are valued at over $2 billion for thirty-year terms. The two separate bond issuances support the purchase of clean electricity to serve over 2.5 million…
New York State OKs transmission projects to bring clean energy to New York City Energize Weekly, December 8, 2021 Setting the stage for its biggest transmission initiative in 50 years, New York State has struck agreements for two high-tension lines to bring more than 2 gigawatts of wind, solar and…
U.S. natural gas sinks, on track for worst month in three years NOV 30 2021 U.S. natural gas futures slid Tuesday to the lowest level in nearly three months as warmer-than-expected winter forecasts sent prices tumbling. Read more
PJM members flag power price formation, transmission planning concerns to board 22 Nov 2021 PJM Interconnection’s management board recently met with representatives of each of the five power industry sectors who raised concerns regarding energy market rule changes increasing power prices, resource adequacy, transmission regulation, and other issues. Read more
Traders Refocusing on Return of 2 Bearish Factors November 16, 2021 The carnage on oil prices spilled into this week as the market now seems to be less concerned about the current supply tightness, expecting it to be short-lived. Read more
Energy companies push for proposed merger in New Mexico NOVEMBER 13, 2021 New Mexico’s largest electric provider and global energy giant Iberdrola say they’re committed to customer protections as they push for regulatory approval for a multibillion-dollar merger. Read More
Shell and Norsk Hydro team up for green hydrogen November 9, 2021 Royal Dutch Shell (RDSa.L) and Norsk Hydro (NHY.OL) are looking into jointly producing hydrogen from renewable electricity in a push to decarbonise their own operations as well as supply heavy industry and transport customers, Hydro said on Tuesday. Read more
One year into partnership with Xcel Energy, Boulder beginning projects, developing goals October 31, 2021 It’s been a year since Boulder voters approved a franchise agreement with Xcel Energy, pausing its years-long quest to form its own municipally owned utility. Read more
San Juan County takes steps to require power plant demolition upon closure October 21, 2021 With less than a year left before San Juan Generating Station’s scheduled closure, San Juan County officials are concerned that the facility could become an eyesore if it is retired in place rather than immediately…
Western U.S. could reap $2 billion in benefits from a regional electricity market Energize Weekly, October 27, 2021 The American West – one of only two regions in the country without a regional electricity market – could see benefits of as much as $2 billion a year by creating a…
OPEC+ Holds Both the Knife and the Cake October 05, 2021 OPEC+ holds both the knife and the cake in the oil market, especially as the group boasts the lion’s share of the remaining unused supply capacity in the world. Read more
Illinois Legislature saves at-risk nuclear plants with clean energy bill September 13, 2021 The Illinois Legislature has approved legislation providing nearly $700 million in subsidies over five years to save unprofitable nuclear plants, acting in the final hour to stop at least one from shutting down. Read more
As Vogtle’s costs rise, changes near for reviewing project’s run-away expenses AUGUST 17, 2021 State regulators will consider signing off Tuesday on a plan marking a significant shift in how cost overruns are handled for Georgia Power’s Plant Vogtle expansion, which is already billions of dollars over budget and years…
Devon and Conoco Study $10B Shell Permian Assets August 03, 2021 Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, which could be worth as much as $10 billion in a sale, people familiar with the matter said. Read…
FirstEnergy Federally Charged in Ohio Nuclear Bailout Scheme Jul 22, 2021 Facing a federal charge for honest services wire fraud in a corruption case related to the billion-dollar nuclear plant bailout in Ohio, FirstEnergy Corp. has agreed to abide by the terms of a three-year deferred prosecution settlement to get…
Nuclear cost overrun could mean billions in extra Georgia Power profit July 9, 2021 Consumers may end up paying for billions of dollars in cost overruns on the Plant Vogtle nuclear expansion. But for Georgia Power and its parent Southern Co., the extra costs could represent a huge financial windfall:…
Energy company wants $15 billion from the Biden administration for blocking the Keystone XL pipeline July 4, 2021 TC Energy Corporation, the company that developed the Keystone XL pipeline project, is seeking to recover more than $15 billion in damages from the United States, claiming the US government breached its…
Watchdog subpoenas FirstEnergy info on payment to regulator July 2, 2021 Ohio’s consumer utility watchdog is demanding that FirstEnergy Corp. share more information about $4.3 million that was paid to an attorney to end his consulting contract shortly before he became the state’s top utility regulator. Read more
Supreme Court won’t sidetrack plans for PennEast pipeline JUN 29, 2021 The Supreme Court sided Tuesday with a pipeline company in a dispute with New Jersey over land the company needs for a natural gas pipeline, portions of which would cut through nearly a dozen municipalities in Northampton County. Read…
Houston Oil Benchmark Responds to 2020 ‘Wake-Up Call’ June 22, 2021 Magellan Midstream Partners, L.P (NYSE: MMP) and Enterprise Products Partners L.P. (NYSE: EPD) on Monday unveiled a new futures contract for the physical delivery of crude oil in the Houston area. Read more
U.S. NRC launches investigation at Southern Georgia Vogtle 3 nuclear unit Jun 21, 2021 The U.S. Nuclear Regulatory Commission (NRC) said Monday it launched a special inspection at Southern Co’s Vogtle nuclear power plant in Georgia to identify what led to remediation work at the third unit, which is under…
Oil and gas market rebound underpinned by market discipline at home and abroad Energize Weekly, May 26, 2021 Oil and natural gas have seen a rebound in 2021 but those gains are delicately balanced on market discipline in both global and domestic markets, according to an assessment by industry analyst…
CenterPoint to sell Arkansas, Oklahoma gas utilities for $2.15 bln April 29, 2021 U.S. electricity provider CenterPoint Energy Inc (CNP.N) said on Thursday it has agreed to sell its natural gas utility businesses in Arkansas and Oklahoma to privately-held Summit Utilities for $2.15 billion in cash. Read more
Texas Storm Cost NextEra $180 Million in Uncollected Revenue Josh Saul and Mark Chediak; Fri, April 23, 2021 NextEra Energy Inc., the world’s biggest investor-owned generator of wind and solar power, said it wasn’t able to collect $180 million in revenue following the Texas energy crisis that left the state’s…
Daniel Tait • April 5, 2021 Entergy coordinated closely with Mississippi Public Service Commission staff and the Commission’s outside consultants to stall regional transmission projects, potentially blocking its customers’ access to lower-cost wind energy from outside Entergy’s service territory and placing them at greater risk of future power outages. Read more
Energize Weekly, February 3, 2021 Regional transmission organization (RTO) Southwest Power Pool (SPP) launched its Western Energy Imbalance Service (WEIS) on Monday, Feb. 1. The WEIS includes parts of Arizona, Colorado, Montana, Nebraska, South Dakota, and Wyoming. The real-time balancing market is expected to decrease wholesale electricity costs, increase price…
By Patrick Armijo Education, business & real estate reporter, Jan. 24, 2021 1:30 PM La Plata Electric Association has joined a civil lawsuit initially filed by United Power of Brighton claiming Tri-State Generation and Transmission broke Colorado law by adding three nonutility members so it would become federally regulated. Read more
By clicking Accept or closing this message, you consent to our cookies on this device in accordance with our cookie policy unless you have disabled them. more information
By clicking Accept or closing this message, you consent to our cookies on this device in accordance with our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. We use cookies during the registration process and to remember member settings.
