Constellation Energy in Deal to Buy NRG’s Stake in South Texas Nuclear Project

Constellation Energy in Deal to Buy NRG’s Stake in South Texas Nuclear Project June 4, 2023 Constellation Energy is acquiring NRG Energy’s 44 percent stake in the 2,645-megawatt South Texas Project nuclear plant in Texas. The transaction is valued at $1.75 billion, with an effective purchase price of $1.4 billion…

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Austin to enter mutual aid agreement with neighboring utility companies after February freeze

Austin to enter mutual aid agreement with neighboring utility companies after February freeze June 2, 2023 A little over three months after an ice storm left tens of thousands of Austin Energy customers without electricity, some for as long as two weeks, the Austin City Council on Thursday ratified a…

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U.S. oil and gas auction brings nearly $80 million to federal coffers

U.S. oil and gas auction brings nearly $80 million to federal coffers 25/05/2023 The United States on Thursday carried out its first sale of oil and gas drilling rights on federal lands since President Joe Biden’s landmark climate change law was passed, attracting more than 78 million dollars in high…

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California unlikely to run short of electricity this summer thanks to winter storms, new power sources

California unlikely to run short of electricity this summer thanks to winter storms, new power sources May 25, 2023 California regulators say the state is unlikely to experience electricity shortages this summer after securing new power sources and a wet winter that filled the state’s reservoirs enough to restart hydroelectric…

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Duke Energy working to clean up Gallagher coal ash site, will follow any new regulations

Duke Energy working to clean up Gallagher coal ash site, will follow any new regulations May 24, 2023 Stricter guidelines could be on the horizon for getting rid of hazardous waste at coal ash dumps in Indiana, including Gallagher Station in New Albany. The Indiana Capitol Chronicle reports the Environment…

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Lawmakers eye compromise bill to bolster power lines in permitting negotiations

Lawmakers eye compromise bill to bolster power lines in permitting negotiations 05/25/23 Lawmakers appear to be considering a compromise bill to bolster the nation’s power lines as part of efforts to tie energy permitting reforms to legislation that would lift the debt ceiling. A source briefed on the issue told…

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Supermajors are scrubbing their greenhouse gas emissions by offloading dirtier assets

Supermajors are scrubbing their greenhouse gas emissions by offloading dirtier assets

Supermajors are scrubbing their greenhouse gas emissions by offloading dirtier assets Energize Weekly, May 31, 2023 Seven of the world’s “supermajor” oil companies are cleaning up their greenhouse gas emissions in large part by offloading some of the dirtiest assets to small companies who are often poor environmental performers, according…

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Chevron’s $7.6B purchase of PDC Energy creates the biggest oil and gas company in Colorado

Chevron’s $7.6B purchase of PDC Energy creates the biggest oil and gas company in Colorado May 23, 2023 Chevron Corp. is buying PDC Energy in a $7.6 billion deal that will make it by far and away the largest oil and gas producer in Colorado and continues a trend in…

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Hawaiian Electric proposes to repower Waiau Power Plant

Hawaiian Electric proposes to repower Waiau Power Plant 5/18/2023 Hawaiian Electric is proposing to replace six aging fossil fuel-powered generators at its Waiau Power Plant in Pearl City with smaller, more efficient and fuel-flexible units that can provide reliable, firm generation to back up the expanding portfolio of variable resources…

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U.S. grid facing blackout risks this summer and next winter, reliability agency warns

U.S. grid facing blackout risks this summer and next winter, reliability agency warns

U.S. grid facing blackout risks this summer and next winter, reliability agency warns Energize Weekly, May 24, 2023 U.S. power grids are facing a risky summer and an even riskier winter, according to analyses by the North American Electric Reliability Corp. (NERC), the agency that oversees grid reliability and security.…

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Legal war brews over EPA power plant rule

Legal war brews over EPA power plant rule 05/12/2023 EPA has rolled out its strongest-ever proposal to slash planet-warming emissions from power plants — but before the agency can tackle one of the nation’s leading sources of climate pollution, the strategy must first survive the courts. Legal observers say that…

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Winter rains lift California hydropower outlook, easing regional demand for natural gas

Winter rains lift California hydropower outlook, easing regional demand for natural gas

Winter rains lift California hydropower outlook, easing regional demand for natural gas Energize Weekly, May 17, 2023 Heavy rains have filled California reservoirs and boosted the prospect for hydropower – welcomed news to the rest of the West, which saw natural gas prices soar last winter as California utilities scrambled…

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Minnesota Drinking Water’s Nitrate Levels Are Reaching ‘Crisis’ Point

Minnesota Drinking Water’s Nitrate Levels Are Reaching ‘Crisis’ Point May 3, 2023 As concerns mount over the health impacts of one prominent drinking water contaminant in Minnesota, advocates are pressing officials to intervene. “A group of environmental organizations say nitrate pollution in drinking water has reached crisis proportions in southeast…

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ComEd says traditionally summer preparations becoming year-round reality for grid resilience

ComEd says traditionally summer preparations becoming year-round reality for grid resilience May 08, 2023 According to a presentation of ComEd’s summer readiness and plans to the Illinois Commerce Commission (ICC), mechanisms are in place to assure reliability for its 9 million customers in northern Illinois. Summer is traditionally the time…

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Hundreds of gas plants could escape EPA climate rules

Hundreds of gas plants could escape EPA climate rules 05/03/2023 About 1,000 natural gas-fired power plants that provide energy at periods of peak demand could be excluded from the toughest standards under EPA’s upcoming carbon rules. These plants are often located in urban areas, raising concern among some environmental advocates…

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Oil and gas M&A deals down 50 percent to $14.8 billion quarter-over-quarter in Q1 2023

Oil and gas M&A deals down 50 percent to $14.8 billion quarter-over-quarter in Q1 2023

Oil and gas M&A deals down 50 percent to $14.8 billion quarter-over-quarter in Q1 2023 Energize Weekly, May 10, 2023 Oil and gas industry mergers and acquisitions (M&A) flagged in the first quarter of 2023 with a 35 percent drop in deals to 74 and the value halved to $14.8…

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EPA Takes First-Ever Federal Clean Water Act Enforcement Action To Address PFAS Discharges At Washington Works Facility Near Parkersburg, W. Va.

EPA Takes First-Ever Federal Clean Water Act Enforcement Action To Address PFAS Discharges At Washington Works Facility Near Parkersburg, W. Va. April 26, 2023 The U.S. Environmental Protection Agency has ordered the Chemours Company to take corrective measures to address pollution from per-and polyfluoroalkyl substances (PFAS) in stormwater and effluent…

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Standard Chartered Dubs Latest USA EIA Data Highly Bullish

Standard Chartered Dubs Latest USA EIA Data Highly Bullish May 02, 2023 In a new report sent to Rigzone on April 28, analysts at Standard Chartered said the latest Energy Information Administration (EIA) weekly data was “highly bullish” according to the company’s U.S. oil data bull-bear index, which they said…

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Years past deadline, Georgia will submit plan to close loophole in pollution regulations

Years past deadline, Georgia will submit plan to close loophole in pollution regulations May 1, 2023 Under pressure from the federal government, Georgia is rewriting a rule governing industrial air pollution limits to end a loophole that currently exposes communities near coal plants and other facilities to harmful pollutants. Federal…

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Duke Energy’s Impact Report details progress toward ESG, business goals

Duke Energy’s Impact Report details progress toward ESG, business goals May 01, 2023 Duke Energy released a report that outlines its approach to sustainability and its progress on strategic business priorities and goals. Among the key points in Duke’s Impact Report, the company said its planned investment of $145 billion…

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New FERC rule creates incentive-based rate treatment for utilities investing in cybersecurity

New FERC rule creates incentive-based rate treatment for utilities investing in cybersecurity April 24, 2023 A final rule issued by the Federal Energy Regulatory Commission (FERC) last week could encourage the adoption of cybersecurity technology and collaboration among utilities, thanks to its creation of an incentive-based rate treatment. That treatment…

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EPA to propose strongest emission limits yet for coal- and gas-fired power plants

EPA to propose strongest emission limits yet for coal- and gas-fired power plants 4.24.2023 The Biden Administration is expected to propose stringent requirements on utilities to reduce carbon emissions from fossil-fired power plants, according to multiple published reports. The proposal would be a transformational approach from the U.S. Environmental Protection…

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California Republicans blast fixed-rate power bill proposal as ‘crazy’

California Republicans blast fixed-rate power bill proposal as ‘crazy’ Apr 24, 2023 California Republicans are asking state regulators to reject a proposal by California’s three largest power companies to create a fixed rate for services based on household income. “The ‘fixed-charge’ proposal is nothing but a shameful attempt to exploit…

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PPL Corp. advanced its commitment to ESG in 2022

PPL Corp. advanced its commitment to ESG in 2022 April 24, 2023 In its 2022 Sustainability Report, PPL Corp. gave an overview of its approach to a clean energy transition while outlining the company’s performance on the environment, social responsibility, and governance (ESG). “PPL is focused on excelling in safety,…

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Surge in clean generation and storage projects creating a backlog on U.S. electric grids

Surge in clean generation and storage projects creating a backlog on U.S. electric grids

Surge in clean generation and storage projects creating a backlog on U.S. electric grids Energize Weekly, April 26, 2023 A surge in clean energy projects – a 40 percent year-over-year increase in 2022 – is creating a traffic jam in getting onto the U.S. electric grid, according to a Lawrence…

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Tennessee raises felony charge for ‘interfering’ with oil and gas pipeline projects

Tennessee raises felony charge for ‘interfering’ with oil and gas pipeline projects APRIL 16, 2023 In the past four years, Tennessee has passed multiple laws aimed to protect fossil fuel projects from community challenges, like the law that preempts local governments from blocking fossil fuel projects, or the one that…

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Calpine plans more natural gas power plants in Texas

Calpine plans more natural gas power plants in Texas April 13, 2023 Texas-based electricity generation company Calpine has relaunched its plans to build more gas-fired power plants in the state. The announcement follows the recent decision by Texas regulators to offer market-based incentives. The Texas Public Utility Commission (PUC) adopted…

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World Leaders Agree to Boost Nuclear Power, While Germany Shuts Its Plants

World Leaders Agree to Boost Nuclear Power, While Germany Shuts Its Plants April 17, 2023 Some of the world’s largest most influential nations have formed an alliance to create new supply chains for nuclear energy—the same weekend that another country announced it had completely weaned itself off the energy source.…

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Oil and gas sector routinely targeted by cyberattackers, experts say

Oil and gas sector routinely targeted by cyberattackers, experts say April 10, 2023 Cybersecurity experts say they aren’t surprised by the revelation contained within a package of leaked U.S. intelligence documents suggesting Russian-backed hackers successfully gained access to Canada’s natural gas distribution network. They say oil and gas infrastructure in…

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Montana Judge Cancels Air Permit for Gas-Fired Power Plant

Montana Judge Cancels Air Permit for Gas-Fired Power Plant Apr 10, 2023 A judge in Montana has canceled the air quality permit for a natural gas-fired power plant under construction in the state, citing concerns about emissions of greenhouse gases from the facility. State District Judge Michael Moses on April…

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PNM joins WPP’s reliability planning and compliance program in western US

PNM joins WPP’s reliability planning and compliance program in western US 10 Apr 2023 The Public Service Company of New Mexico has joined the first region-wide reliability planning and compliance program in the Western US, known as the Western Resources Adequacy Program. Seattle City Light and Snohomish County Public Utility…

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Southwest Power Pool takes a first step in creating a western wholesale electricity market

Southwest Power Pool takes a first step in creating a western wholesale electricity market

Southwest Power Pool takes a first step in creating a western wholesale electricity market Energize Weekly, April 12, 2023 A group of 26 utilities and organizations representing power producers – ranging from the Rockies to the Southwest to the Pacific Northwest – agreed to join the initial phase of the…

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Electric prices for Connecticut residents likely to drop dramatically during the second half of 2023

Electric prices for Connecticut residents likely to drop dramatically during the second half of 2023 April 3, 2023 After three months of paying dramatically higher electric rates, there may be some relief coming this summer for a majority of Connecticut electric customers. The state’s two largest electric distribution companies, Eversource…

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US Power Plant Firm Goes Bankrupt After Winter Storm Penalties

US Power Plant Firm Goes Bankrupt After Winter Storm Penalties March 31, 2023 Lincoln Power LLC, the owner of two Illinois power plants, filed for bankruptcy after its financial strain was exacerbated by nearly $39 million in penalties levied by the biggest US electric-grid operator. The Chapter 11 filing allows…

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The pace of U.S. coal-fired plant closures quickens, coal’s share of generation to plummet

The pace of U.S. coal-fired plant closures quickens, coal’s share of generation to plummet

The pace of U.S. coal-fired plant closures quickens, coal’s share of generation to plummet Energize Weekly, April 5, 2023 The pace of U.S. coal-fired plant closures continues to accelerate with half of all the capacity, which peaked in 2011, closed by 2026, according to the Institute for Energy Economics and…

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Southern California Edison Improves Grid Safety, Significantly Reduces Wildfire Threat

Southern California Edison Improves Grid Safety, Significantly Reduces Wildfire Threat March 27, 2023 Southern California Edison today submitted its 2023-25 Wildfire Mitigation Plan to California’s Office of Energy Infrastructure Safety. SCE has reduced the probability of wildfires associated with its utility equipment by 75%-80% since 2018. This is a significant…

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