Holtec seeks $7.4 billion loan for expansion tied to new reactor Jan. 9, 2023 Holtec International Inc. has applied for a $7.4 billion federal loan to fund expansion expected from future sales of a company-designed nuclear reactor. Holtec would tap the loan to boost capacity to make parts at its…
Colorado co-ops say Xcel Energy mismanaged natural gas supplies during 2021 storm
Colorado co-ops say Xcel Energy mismanaged natural gas supplies during 2021 storm Energize Weekly, January 11, 2023 The fallout from the soaring natural gas prices created by Winter Storm Uri in 2021 continues as four rural Colorado electric cooperatives have filed a complaint with federal regulators saying they were overcharged…
Developer of 1,200 MW offshore wind farm asks Massachusetts regulators to dismiss PPAs
Developer of 1,200 MW offshore wind farm asks Massachusetts regulators to dismiss PPAs 12.19.2022 The developer of Commonwealth Wind in Massachusetts asked state regulators to dismiss their review of power purchase agreements tied to the 1,223 MW offshore wind farm. Avangrid has cited economic conditions such as supply chain disruptions,…
Holtec to reapply for funding to restart Palisades
Holtec to reapply for funding to restart Palisades 20 December 2022 Holtec agreed in 2018 to purchase the plant for decommissioning from operator Entergy, completing the acquisition in June. In July, Holtec – with the support of Governor of Michigan Gretchen Whitmer – submitted an application for funding under the…
US FERC to act on backstop transmission siting, long-running gas pipeline disputes
US FERC to act on backstop transmission siting, long-running gas pipeline disputes 12 Dec 2022 The US Federal Energy Regulatory Commission is poised to act on transmission siting, key pipeline rate disputes, and two important natural gas pipeline certificates at its last meeting of the year Dec. 15, potentially Democrat…
Duke Energy Kentucky files request for rate adjustment with public service commission
Duke Energy Kentucky files request for rate adjustment with public service commission December 05, 2022 Duke Energy Kentucky recently filed a request with the Kentucky Public Service Commission (PSC) to review its electric distribution rates and approve a rate adjustment. Overall, the company has proposed an adjustment that includes a…
Interior Department finalizes plans for sale of oil and gas leases off coast of Alaska
Interior Department finalizes plans for sale of oil and gas leases off coast of Alaska November 28, 2022 The Interior Department announced final steps to carry out an oil and gas lease sale off Alaska’s coast, just the second such offshore lease sale of President Joe Biden ‘s tenure. The…
Georgia Power’s long campaign for state approval to sign off on a 12% rate hike nears final showdown
Georgia Power’s long campaign for state approval to sign off on a 12% rate hike nears final showdown November 28, 2022 The final several weeks of Georgia Power’s $2.9 billion rate case will determine whether state regulators sign off on plans for customers to pay hundreds of dollars more per…
Eversource, UI will cut electric rates for some, but not until 2024
Eversource, UI will cut electric rates for some, but not until 2024 November 21, 2022 The electric bills for roughly 1.5 million power customers in Connecticut are expected to spike dramatically come January, but a long-awaited initiative that would ease monthly energy costs for the state’s lowest-income residents is still…
Spurred by high commodity prices, energy production revenues on federal lands surge
Spurred by high commodity prices, energy production revenues on federal lands surge Energize Weekly, November 16, 2022 Energy production on federal lands and offshore areas in 2022 generated $22 billion for the federal and state governments – the highest in revenues since 2008 and second highest in 39 years, according…
ComEd to file multi-year grid plan, rate plan
ComEd to file multi-year grid plan, rate plan November 07, 2022 ComEd, a Chicago-based energy company, will file a multi-year grid plan along with a four-year rate plan in line with the requirements of the Climate and Equitable Jobs Act (CEJA). The plan will align closely with the state of…
PNM customers continue to pay for San Juan coal plant that’s no longer operating
PNM customers continue to pay for San Juan coal plant that’s no longer operating Nov 7, 2022 In the two months since the San Juan Generating Station shut down in New Mexico, the region’s customers have been paying the same rate for a facility that’s no longer giving them energy.…
Clean power installations hampered by supply and trade issues cool in Q3 of 2022
Clean power installations hampered by supply and trade issues cool in Q3 of 2022 Energize Weekly, November 9, 2022 Wind, solar and storage installations for the third quarter of 2022 were the lowest in three years as developers struggled with supply chain and trade restrictions, according to a market report…
PG&E formally moves to extend life of Diablo Canyon, the last nuclear plant in California
PG&E formally moves to extend life of Diablo Canyon, the last nuclear plant in California NOVEMBER 01, 2022 PG&E Corp. formally asked federal regulators Monday to extend the life of Diablo Canyon, the last operating nuclear plant in California, as part of Gov. Gavin Newsom’s effort to improve reliability of…
American Electric Power hit with second subpoena tied to nuclear bailout bill
American Electric Power hit with second subpoena tied to nuclear bailout bill Oct. 28, 2022 American Electric Power has been hit with a second subpoena from federal regulators looking for information tied to the power company’s involvement in the scandal-ridden House Bill 6 legislation enacted three years ago to bail…
FirstEnergy cuts off its ‘dark money’ spigot in Ohio, disclosures show
FirstEnergy cuts off its ‘dark money’ spigot in Ohio, disclosures show Oct. 24, 2022 Akron-based utility FirstEnergy has stopped using “dark money” in Ohio after agreeing to disclose future contributions, temporarily abandoning a controversial political spending tactic that was a critical cog in the largest bribery scandal in state history.…
Oil Prices Dip on Report Biden Preparing New Sales From Strategic Petroleum Reserve
Oil Prices Dip on Report Biden Preparing New Sales From Strategic Petroleum Reserve 10/18/22 Global oil prices moved lower Tuesday amid reports that President Joe Biden is planning to unveil another release of crude from the nation’s emergency reserves in an effort to reduce energy costs heading into the mid-term…
A colder winter and higher energy prices will boost winter heating costs, EIA says
A colder winter and higher energy prices will boost winter heating costs, EIA says Energize Weekly, October 19, 2022 American households will pay more for natural gas, electricity, heating oil and propane to heat their homes, spurred by increased energy prices and the forecast of a colder winter, according to…
French Refinery Strike Opens Door for More US Exports to Asia
French Refinery Strike Opens Door for More US Exports to Asia October 10, 2022 Asian refiners snapped up at least 12 million barrels of US crude oil in the past two weeks as a strike in France dims demand from one of Europe’s largest buyers. Refiners, mostly from South Korea,…
Xcel Energy’s ability to meet next summer’s electricity demand hangs on two Pueblo solar projects
Xcel Energy’s ability to meet next summer’s electricity demand hangs on two Pueblo solar projects Oct 4, 2022 Xcel Energy is moving to close a gap in electricity supplies that, for the moment, leaves the region short on electric generation and reserves for the summers of 2023 and 2024. In…
PG&E Lays Out Plan to Sell Stake in Generation Capacity
PG&E Lays Out Plan to Sell Stake in Generation Capacity Sept. 29, 2022 PG&E Corp. executives have sketched out a plan to house the company’s non-nuclear generation assets in a new subsidiary, stakes in which could be sold to fund future safety and reliability investments. Representatives of the company’s Pacific…
AEP, Liberty reach amended agreement
AEP, Liberty reach amended agreement September 30, 2022 American Electric Power has signed an amended agreement on the sale of its Kentucky operations to Liberty, according to a press release. AEP expects to close the sale in January 2023 after approval of the transaction from the Federal Energy Regulatory Commission,…
Goldman Sachs Drops Oil Price Forecast
Goldman Sachs Drops Oil Price Forecast Sep 27, 2022 Goldman Sachs cut its oil price forecast on Tuesday on the deteriorating global economic outlook—although it remained bullish on oil. Goldman said it remained bullish, anticipating that oil prices would likely rise from the current levels given the state of the…
Rhode Island Communities Announce Launch of First-Ever Electricity Aggregation Programs
Rhode Island Communities Announce Launch of First-Ever Electricity Aggregation Programs September 22, 2022 Six Rhode Island cities and towns have joined together to launch aggregation programs that leverage community-wide buying power to provide their residents and businesses with new options for electricity supply. These Community Electricity Aggregation (CEA) programs will…
San Diego To Explore Full Public Power Takeover
San Diego To Explore Full Public Power Takeover September 16, 2022 The city of San Diego took one step closer toward full government takeover of its privately-owned power utility Thursday. The San Diego City Council’s Environment Committee approved a $3 million contract to NewGen Strategies & Solutions LLC to study…
Xcel property in Becker eyed for another big data center project
Xcel property in Becker eyed for another big data center project Sep 9, 2022 Xcel Energy Inc. plans to sell 348 acres of land at its Sherco location in Becker to an unknown company that could build a $1 billion data center project there. The utility said the new center…
EQT to Buy Marcellus Gas and Pipeline Assets for $5 Billion
EQT to Buy Marcellus Gas and Pipeline Assets for $5 Billion September 6, 2022 EQT Corp., the largest US natural gas producer, agreed to acquire a privately held competitor in a $5.2 billion deal to expand holdings in the prolific Marcellus shale. Read more
Diablo Canyon: Newsom signs bill to keep reactors running at CA’s last operating nuclear power plant
Diablo Canyon: Newsom signs bill to keep reactors running at CA’s last operating nuclear power plant September 3, 2022 Gov. Gavin Newsom signed legislation Friday intended to open the way for California’s last operating nuclear power plant to run an additional five years, a move that he said was needed…
Shelby County suburbs want Memphis, Light, Gas and Water to stay with the TVA
Shelby County suburbs want Memphis, Light, Gas and Water to stay with the TVA Aug. 25, 2022 The six Shelby County suburbs want Memphis, Light Gas and Water to stay with the Tennessee Valley Authority and not switch electricity suppliers. The six suburbs have written a joint resolution that urges…
Texas natural gas exports to Mexico hit a record but a regional shortage may loom
Texas natural gas exports to Mexico hit a record but a regional shortage may loom Energize Weekly, August 24, 2022 West Texas natural gas exports to Mexico reached a record in May, but the combination of growing Mexican exports and new Gulf Coast liquified natural gas (LNG) terminals could leave…
Pennsylvania energy companies increasing prices next month
Pennsylvania energy companies increasing prices next month Aug 10, 2022 The Pennsylvania Public Utility Commission is notifying residents and businesses that electric generation prices for some customers are expected to rise on Sept. 1, 2022. According to PUC, approximately half of Pennsylvania’s major electric distribution companies (EDCs) will reset their…
Sen. Rubio pushes bill to create loan program for electric grid-affiliated manufacturers
Sen. Rubio pushes bill to create loan program for electric grid-affiliated manufacturers August 04, 2022 Responding to ongoing issues in the international supply chain, U.S. Sen. Marco Rubio (R-FL) introduced a bill this week that would compel the U.S. Secretary of Energy to create a loan program for manufacturers of…
NV Energy seeks right to stick ratepayers with Greenlink bill
NV Energy seeks right to stick ratepayers with Greenlink bill AUGUST 2, 2022 When NV Energy turned to Nevada lawmakers last year to salvage a massive transmission line project that state utility regulators had already partially denied because of the potential cost to ratepayers, the utility’s CEO testified any increase…
Facing trade, tax and economic uncertainties, clean power installations fall in Q2
Facing trade, tax and economic uncertainties, clean power installations fall in Q2 Energize Weekly, August 3, 2022 Beleaguered by uncertainties over the future of tax subsidies and trade policy, new clean power installations plummeted 55 percent in the second quarter of 2022 compared to the same period in 2021. Solar…
Firm working for FPL took control of news site, let execs influence coverage, records show
Firm working for FPL took control of news site, let execs influence coverage, records show Jul 25, 2022 Operatives working for Florida Power & Light in the lead-up to the 2020 elections gained control over a Tallahassee-based political news website, making editorial decisions about its content – and allowing executives…
Q2 oil and gas mergers and acquisitions hit by volatile equity and commodity markets
Q2 oil and gas mergers and acquisitions hit by volatile equity and commodity markets Energize Weekly, July 20, 2022 Oil and gas sector mergers and acquisitions (M&A) buffeted by market volatility slipped in the second quarter of 2022 to $12 billion – an 18 percent decline from the first quarter…
Ameren, Peabody beef up solar power as fastest-growing power source in US
Ameren, Peabody beef up solar power as fastest-growing power source in US Jul 11, 2022 The region’s outlook for utility-scale solar power is getting brighter. Since February, St. Louis-based electric utility Ameren has kicked its solar expansion into another gear, including the announcement of two separate projects that are each…
Wisconsin coal plants to keep running amid reliability, supply chain concerns
Wisconsin coal plants to keep running amid reliability, supply chain concerns Jun 24, 2022 Three of Wisconsin’s largest coal-fired power plants will continue operating for at least another two years. Alliant Energy and the WEC Energy Group each announced plans Thursday to delay previously announced retirements of the Columbia Energy…
U.S. LNG exports soar as Europe scrambles to fill gap left by Russian cutback
U.S. LNG exports soar as Europe scrambles to fill gap left by Russian cutback Energize Weekly, June 15, 2022 Exports of U.S. liquified natural gas (LNG) to Europe soared in the first four months of 2022 and are poised to grow even more as the European Union (EU) scrambles to…
Demand for coal high, but obstacles slow opportunities
Demand for coal high, but obstacles slow opportunities June 4, 2022 Coal production is rebounding slowly in McDowell County as well as in the state, but with the current surge in worldwide as well as domestic demand, the potential market for coal is being hindered by many factors, from manpower…
Duke Energy Wants to Quit Coal Early, But Regulators Say No
Duke Energy Wants to Quit Coal Early, But Regulators Say No May 26, 2022 Duke Energy Corp. planned to close its last six coal power plants in the Carolinas by 2030 to accelerate the company’s carbon-cutting goals. South Carolina regulators said no—ordering the US utility to keep the plants open…
Two new pipelines to feed Louisiana Coast LNG export terminals approved by FERC
Two new pipelines to feed Louisiana Coast LNG export terminals approved by FERC Energize Weekly, June 1, 2022 Two natural gas pipeline projects to feed the growing liquified natural gas (LNG) export facilities on the Louisiana Gulf Coast were recently approved by the Federal Energy Regulatory Commission (FERC). The Evangeline…
West and Midwest U.S. face summer electricity shortfalls due to heat, drought, and fire
West and Midwest U.S. face summer electricity shortfalls due to heat, drought, and fire Energize Weekly, May 25, 2022 The West and Midwest U.S. risk severe electricity shortfalls this summer due to high temperatures, drought, severe storms and wildfire – all driven by a changing climate, according to the North…
High pump prices the result of a suite of market issues and not simply price gouging, study says
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
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
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
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
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
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
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.…
