Biden administration aims to triple nuclear generation by 2050, adding 200 GW of capacity Energize Weekly, November 20, 2024 The Biden administration has issued a framework for tripling nuclear generation by deploying 200 gigawatts (GW) of capacity by 2050. The growth would come from a combination of new reactors, restarting…
Drought spurred by climate change cut 2024 U.S. hydropower to its lowest level in 18 years Energize Weekly, November 13, 2024 U.S. hydropower plants – beleaguered by drought and above average temperatures – are projected to produce 13 percent less electricity in 2024 than the 10-year average, according to the…
Clean tech investments overtake oil and gas financing in 2023 and are set to triple by 2035 Energize Weekly, November 6, 2024 Investments in low-carbon technologies are accelerating – accounting for more than 50 percent of all energy financing in 2023 for the first time – and are set to…
Tri-State won $2.5 billion to close coal plants, get new renewable energy for rural customers Oct 29, 2024 Tri-State Generation has won praise from environmental groups for an aggressive plan to build clean, renewable energy, and Friday the co-op won the financing to do it: $2.5 billion in federal loans…
SPP stakeholders support $7.7B of new transmission projects 10.23.2024 Last week, SPP stakeholders voted in favor of the plans proposed by its Integrated Transmission Planning (ITP) process, asserting that studies show the transmission investments will pay for themselves in a matter of years and return benefits at a rate of…
New England’s last coal plant passed an emissions test. But part of it still needs repairs. 10-29-2024 New England’s last running coal-fired power plant, Merrimack Station in Bow, passed an emissions test over the summer that it struggled to complete for more than a year. But only one of its…
NextEra Energy interested in recommissioning nuclear power plant Oct. 24, 2024 After four years of being inactive, the Duane Arnold nuclear power plant near Palo could start generating energy again. The plant’s owner, NextEra Energy said in an earnings call it might recommission the plant. The plant stopped making power…
Minnesota Power’s agreement with stakeholders on lower rate increase approved October 25, 2024 The Minnesota Public Utilities Commission (MPCU) approved a settlement agreement on Minnesota Power’s 2024 electrical rate proposal on Thursday, October 24. This settlement will lower rates for all customers starting in early 2025. “The MPUC approved a…
CenterPoint Saw Data Center Demand ‘Dramatically Change’ Over Summer Oct. 28, 2024 The leaders of CenterPoint Energy Inc. this summer saw “a fundamental shift” in data center activity in their Greater Houston footprint, CEO Jason Wells told analysts Oct. 28. After beginning the season with about 1 gigawatt of demand…
Boulder to host Xcel ‘virtual power plant’ demonstration October 21, 2024 Boulder has been chosen to host Xcel Energy Colorado’s upcoming demonstration of a “virtual power plant” concept. Typically, energy utilities build bigger, centralized power plants that run on coal, gas, nuclear power and other types of energy. But in…
Moody’s Says Cybersecurity a High Priority for Oil, Gas October 22, 2024 Cybersecurity is a high priority for the oil and gas industry, Moody’s Ratings stated in a new report sent to Rigzone by the Moody’s team recently. “Cyber commitments among oil and gas companies we rate exceed the cross-sector…
Georgia Power awarded $160 million from Department of Energy to enhance Georgia’s power grid Oct 21, 2024 Georgia Power, the state’s largest electric utility serving 2.7 million customers, has been awarded more than $160 million in funding by the Department of Energy (DOE) through its Grid Deployment Office. As Georgia…
Xcel announces retirement plans for remaining Colorado coal plants 10.21.2024 Xcel Energy Colorado has proposed next steps to identify new power generation to replace its retiring coal units, which are set to retire by 2030. The proposal is the first step in a two-phase regulatory process, which sets the stage…
Evergy plans to build two new natural gas plants in Kansas by 2030 October 21, 2024 Kansas’ largest electric utility will add two natural gas plants by the end of 2030, the company announced Monday. Evergy, which serves 1.6 million customers in Kansas and Missouri, plans to build combined-cycle natural…
Supreme Court to consider if polluting industries can go court-shopping October 21, 2024 The Supreme Court agreed to hear three cases Monday from industry groups seeking to choose how to fight federal environmental regulations, highlighting a long-running battle over efforts to pick conservative or liberal courts parties believe will be…
Tampa Electric wants ‘egregious’ profit from Floridians to help ailing finances, lawyers allege October 22, 2024 As the months have dragged on in Tampa Electric’s quest for state approval to charge customers higher rates, consumer advocates have questioned why the company has been so steadfast in its pursuit of shareholder…
World entering the “age of electricity” as demand outpaces all other forms of energy Energize Weekly, October 23, 2024 The world is set to enter the “age of electricity” as demand has grown more quickly than any other energy source and is set to accelerate even more, according to the…
DOE’s No 2: Congress needs to move on permitting reform 10/15/2024 Biden administration officials often tout their historic clean energy investments and how they’re creating real, long-lasting momentum in the fight against climate change. But one of those officials, Deputy Energy Secretary David Turk, also has a warning about that…
Hydro One and Partners Receive Approval on Final Environmental Assessment Report for Waasigan Transmission Line Project Oct. 14, 2024 Hydro One and nine First Nation partners have received approval on the final Environmental Assessment Report for the Waasigan Transmission Line project from the Ministry of the Environment, Conservation and Parks.…
New EPA Regulations Could Hinder Gas Plant Construction 10/14/2024 In April, the Environmental Protection Agency (EPA) finalized four significant regulations aimed at coal and natural gas-fired power plants (Power Plant Rules). The rules address air emissions, including greenhouse gasses (GHGs) and air toxics, wastewater discharge and ash disposal from coal-fired…
Google signs deal with nuclear company as data center power demand surges Oct 14 2024 Google said Monday that it will purchase power from small modular reactor developer Kairos Power, as tech companies increasingly turn to nuclear power as a way to fulfill the growing energy demands from data centers.…
Michigan utilities criticized for handing out executive bonuses while outages persisted Oct. 09, 2024 During the same years an independent audit of Michigan’s two largest electric utilities faulted them for below-average service and glacial outage restoration times compared to peers in the Midwest, the power companies paid out bonuses to…
NYPA’s internal probe of security breach at Moses-Saunders Power Dam Oct. 14, 2024 One year ago a man was able to walk across the Moses-Saunders Power Dam near Massena and illegally enter the U.S. from Canada. Now, 7News has the details of an internal investigation. Titled “Privileged and Confidential,” a…
Dominion Energy, AEP, FirstEnergy propose new transmission lines in PJM region October 8, 2024 Dominion Energy Virginia, American Electric Power and FirstEnergy have announced a joint planning agreement to propose several new regional transmission projects within the PJM footprint, which spans multiple states in the US. This initiative aligns with…
U.S. natural gas-fired electricity generation set new daily records in summer 2024 October 8, 2024 U.S. natural gas-fired power plants generated more than 7 million megawatthours (MWh) of electricity on August 2, 2024, according to our Hourly Electric Grid Monitor, making up almost half of all electricity generated in the…
The Country’s Second-Largest Coal Plant May Get a Three-Year Reprieve From Retirement. Why? October 4, 2024 Duke Energy is proposing a three-year extension for the Gibson power plant in southwest Indiana, the second-largest coal-fired power plant in the country. Gibson, originally scheduled to close in 2035, would remain open until…
Load Growth To Drive Earnings At American Electric Power Oct. 07, 2024 American Electric Power Company (NASDAQ:AEP) is well positioned to outperform the market with a superior blend of growth and value. Incremental power demand in AEP’s markets creates a potentially decades long runway of above normal rate base growth,…
New York awards $24M for 26 clean energy innovation projects October 07, 2024 The New York State Energy and Research Development Authority (NYSERDA) awarded $24 million for 26 innovation projects in multiple clean energy sectors on Oct. 3. The projects were selected through NYSERDA’s Innovation program, which is dedicated to…
American Water, the largest water utility in US, is targeted by a cyberattack October 7, 2024 American Water Works said it learned of an unauthorized cyber incident Thursday that gained access to its computer networks, according to a Monday securities filing. The Camden, New Jersey-based water utility said it took…
Shuttered nuclear plants get a new lease on life thanks to power demands of data centers Energize Weekly, October 9, 2024 Aging – and even shuttered – nuclear power plants are getting a new lease on life, thanks to the growing demand for electricity from data centers and artificial intelligence.…
US to unveil first of two decisions on more solar tariffs September 30, 2024 U.S. trade officials this week may impose new tariffs on solar panels from four Southeast Asian nations that American manufacturers have complained employ unfair subsidies that make U.S. products uncompetitive. The announcement, due on Tuesday, is…
CenterPoint unveils Phase 2 of grid resilience plan, with 25K stronger power poles Sep. 30, 2024 CenterPoint Energy (NYSE:CNP) +1% in Monday’s trading after unveiling plans to overhaul its power grid infrastructure in the next eight months before the start of the 2025 hurricane season, including adding 25K stronger power…
Wartsila to provide critical balancing capability for new Kentucky power plant September 26, 2024 Technology group Wärtsilä will supply the engineering and equipment for a new power plant project to be installed in Madisonville, Kentucky, USA. The order has been placed by Kentucky Municipal Energy Agency (KYMEA) and was booked…
Michigan nuclear plant finalizes federal loan to support first reactor restart in U.S. history Sep 30 2024 The Palisades nuclear plant in Michigan has closed a $1.5 billion loan to support the first reactor restart in U.S. history, the Department of Energy announced Monday. Palisades’ owner, Holtec International, hopes to…
Eversource Energy Completes Exit of Offshore Wind Business September 30, 2024 Eversource Energy (NYSE: ES) today announced that it has completed the sale of its 50 percent interest in the 132-megawatt South Fork Wind project (South Fork Wind) and the 704-megawatt Revolution Wind project (Revolution Wind) to Global Infrastructure Partners…
Lawmakers to hold hearing after hot summer pumps electricity bills September 30, 2024 New Jersey lawmakers are set to explore how high temperatures and spiking electricity prices have led to surges in South Jersey residents’ power bills. The Assembly Telecommunications Committee on Wednesday will hear testimony about summer power bills…
Minnesota Power Announces Two Large Solar Projects Totaling Over 200 MW in Northern Minnesota 24th September 2024 Minnesota Power, a division of ALLETE Inc. has announced plans to build two major solar projects in northern Minnesota, advancing its commitment to a cleaner energy future while prioritizing regional renewable energy investments.…
Power Grid Under Pressure: Is U.S. Transmission Infrastructure Ready for the Surge in Energy Demand? Sept. 23, 2024 The demand for power is growing, but is the bulk transmission’s infrastructure ready for it? This past summer saw peak demands setting records followed by next-day power prices setting their own records,…
Three Mile Island nuclear plant will reopen to power Microsoft data centers September 20, 2024 Three Mile Island, the power plant near Middletown, Pa., that was the scene of the worst commercial nuclear accident in U.S. history, will reopen to power Microsoft’s data centers, which are responsible for powering the…
The UK helped usher in the coal era – now it’s closing its last remaining plant Sep 23, 2024 By the end of the month, the United Kingdom is set to shutter its last operating coal-fired power plant. The Ratcliffe-on-Soar power station in Nottinghamshire is slated to close on September…
Governor Gianforte Celebrates Nearly $1 Billion Energy Investment in Montana September 20 2024 Governor Greg Gianforte yesterday cut the ribbon on NextEra Energy Resources’ Clearwater Wind Energy Center in Miles City and celebrated the company’s nearly $1 billion investment in Montana. “We’re ramping up energy production in Montana with our…
Colorado Springs council approves increases in natural gas, electric rates Sep 24, 2024 Colorado Springs Utilities ratepayers will pay more for natural gas and electricity this fall due to anticipated increased costs in market prices as colder weather sets in. Beginning Oct. 1, the average residential ratepayer can expect to…
Electric rates rise with weather risks, the energy transition, and growing load growth Energize Weekly, September 25, 2024 After a decade of relatively flat rates, electricity prices surged in 2022 and have continued to rise to pay for the country’s energy transition, upgrading an aging grid, and meeting an increasing…
Four Kansas GOP members working to blunt federal power on transmission line corridor September 13, 2024 Four Republicans in the Kansas congressional delegation Friday offered support for legislation limiting federal authority to take control of private property for development of a national electric transmission corridor. The bill backed by U.S.…
NTEC receives DOE funding to study Four Corners carbon capture September 16, 2024 A minority owner of the Four Corners Power Plant received federal funding to study retrofitting the coal-fired generating station with carbon capture technology. The Navajo Transitional Energy Company—an enterprise division of the Navajo Nation—announced this week that…
1st molten salt nuclear reactor in 30 years gains historic permit from US Agency Sep 17, 2024 The US Nuclear Regulatory Commission (NRC) has granted Abilene Christian University (ACU) the construction permit for an advanced nuclear reactor called the Natura MSR-1. This is the first liquid salt-fueled reactor ever licensed…
Google, Amazon, Meta and Microsoft balk at Ohio utility’s demand they pay for electric grid upgrades to support AI rollout Sep. 16, 2024 Google, Amazon, Microsoft and Meta have banded together to fight an Ohio utility that wants them to pay for upgrades to the electric grid that will be…
Federal $500M bailout for Muskrat Falls power delays to keep N.S. rate hikes in check September 17, 2024 Ottawa is negotiating a $500-million bailout for Nova Scotia’s privately owned electric utility, saying the money will be used to prevent a big spike in electricity rates. Federal Natural Resources Minister Jonathan…
Renewables, cleantech sector will grow regardless of who wins the U.S. presidential election Energize Weekly, September 18, 2024 The results of the U.S. presidential election – even if there is a victory by Donald Trump – will likely not derail growth in the renewable energy and cleantech sectors, according to…
Appalachian Power to get $5 million for Claytor hydroelectric upgrades September 9, 2024 Appalachian Power will receive $5 million in federal funding to upgrade its Claytor hydroelectric plant on the New River in Pulaski County. Virginia’s second-largest electric utility will use the money to help pay for replacing original equipment…
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