As Market Fault Lines Emerge, Where Could Stranded Costs Develop? S&P Global Market Intelligence recently highlighted the possibility that stranded costs in the electric sector could emerge again, 20 years after a wholesale restructuring of the industry that was intended to mitigate this type of risk. A recent S&P Global Market Intelligence webinar, Grid Transformation … Continue reading As Market Fault Lines Emerge, Where Could Stranded Costs Develop?
PEPCO seeks a hefty price tag for the energy transition It can be argued that no major city or state in the nation is planning as rapid a renewable-powered transformation of its energy use as Washington D.C. The capitol’s newly minted 100% by 2032 renewable energy mandate makes even Hawaii look like a laggard, and … Continue reading #PEPCO seeks a hefty price tag for the energy transition
PJM Begins Process to Study How Utility Connected Microgrids Fit in its Market The PJM Interconnection has begun a process to explore the role of utility connected microgrids in the organization’s wholesale power market. The process “is part of a general effort to make sure PJM rules can accommodate all types of cases and resources … Continue reading PJM Begins Process to Study How Utility Connected Microgrids Fit in its Market
In Virginia, local government holdouts slow rollout of clean energy financing tool NORFOLK, Va. — Solar consultant Arthur Fichter IV has no doubt that coastal Virginia’s commercial sector would save millions on utility bills and be richer with arrays if the region had access to long-term financing for clean energy and energy efficiency projects. He … Continue reading In #Virginia, local government holdouts slow rollout of clean energy financing tool
Murphy’s clean energy goals include nuclear in long-awaited master plan Gov. Phil Murphy unveiled his long-awaited energy master plan for the state on Monday, calling for more investment in renewable energy, such as solar and wind, and throwing support behind nuclear energy to lower New Jersey’s contribution to global warming. The 108-page draft report lays … Continue reading Murphy’s clean energy goals include nuclear in long-awaited master plan
As Ohio Senate nears vote on nuke subsidy bill, PJM finds closing plants could save $1.6B The Pennsylvania Public Utility Commission and Ohio Consumers’ Counsel requested the PJM report to illustrate the impacts of nuclear plant retirements on both market prices and emissions. The focus was on giving the utilities and energy commission “unbiased data … Continue reading As #Ohio Senate nears vote on nuke subsidy bill, PJM finds closing plants could save $1.6B
Chicago becomes largest US city to commit to 100% clean energy The Chicago City Council on Wednesday unanimously voted to commit to 100% renewable energy by 2035, making it the largest U.S. city thus far to do so. The Mayor’s Office Sustainability Team will be responsible for developing a citywide transition plan for 100% clean … Continue reading #Chicago becomes largest US city to commit to 100% clean energy
AS DECISION ON NUCLEAR SUBSIDIES NEARS, WHERE IS CONSULTANT’S REPORT? Consumer, environmental, and industry groups want to know why an independent report commissioned by the BPU has yet to be seen by the public With a decision seemingly imminent, several groups yesterday urged a consultant’s report be made public on whether three nuclear plants in … Continue reading AS DECISION ON NUCLEAR SUBSIDIES NEARS, WHERE IS CONSULTANT’S REPORT?
PJM won’t delay capacity market order despite FERC impasse over rule changes PJM’s decision to move forward with its capacity market auction this August reflects an extended impasse at FERC over how to handle renewable energy and nuclear subsidies put in place by states. Last June, FERC threw out PJM’s current rules because they allow … Continue reading PJM won’t delay capacity market order despite FERC impasse over rule changes
Ohio Lawmakers Announce Plan to Subsidize Nuclear Plants Ohio lawmakers on April 12 announced a plan to provide financial support to the state’s two nuclear power plants by adding a surcharge to customers’ electric bills. The bill’s supporters said it also would generate as much as $300 million annually for clean power generation in Ohio, … Continue reading Ohio Lawmakers Announce Plan to Subsidize Nuclear Plants