Energy and Commerce Committee leaders seek information from TVA on business practices January 17, 2022 Members of the House Energy and Commerce Committee are seeking information from Tennessee Valley Authority (TVA) on its lack of deployment of renewable energy and other business practices. Specifically, the lawmakers are concerned that TVA…
Insurance Companies Sue Texas Power Grid Operator Over 2021 Winter Storm Losses
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
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…
A look ahead at advanced nuclear in 2022
A look ahead at advanced nuclear in 2022 Jan 1, 2022 On June 2, TerraPower announced that it would build a demonstration nuclear reactor, known as Natrium, at a retiring Wyoming coal plant. The Bill Gates-fronted nuclear developer had joined forces with utility Rocky Mountain Power, after receiving an $80 million Department…
Exelon separation moves forward, with New York Public Service Commission approval
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
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…
Utility biz Delta-Montrose Electric Association loses billing capability and two decades of records after cyber attack
Utility biz Delta-Montrose Electric Association loses billing capability and two decades of records after cyber attack 3 Dec 2021 A US utility company based in Colorado was hit by a ransomware attack in November that wiped out two decades’ worth of records and knocked out billing systems that won’t be…
California Community Choice Financing Authority issues first municipal clean energy bonds
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…
The First U.S. Offshore Wind Farm Could Be a Lifeline for Struggling New England Cities
The First U.S. Offshore Wind Farm Could Be a Lifeline for Struggling New England Cities NOVEMBER 29, 2021 As many of New England’s industrial cities fell into decline in recent decades, the wealthier residents of Martha’s Vineyard, a regional center of affluence and privilege, have gotten richer, building and rebuilding…
PJM members flag power price formation, transmission planning concerns to board
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
EV sales poised to set a record in 2021, forecast to reach a 20 percent market share by 2025
EV sales poised to set a record in 2021, forecast to reach a 20 percent market share by 2025 Energize Weekly, November 24, 2021 A booming global electric vehicle (EV) market is forecast to post more than 7 million in sales of battery-electric and hybrid plug-in cars in 2021, double…
Energy companies push for proposed merger in New Mexico
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
Virginia GOP targets clean energy law, but options for rollback are limited
Virginia GOP targets clean energy law, but options for rollback are limited November 9, 2021 Newly emboldened Virginia Republicans are vowing to roll back the state’s landmark clean energy reforms enacted by Democrats over the last two years. Read more
Clean tech investment soars in 2021, IEA says it has to go much higher to curb emissions
Clean tech investment soars in 2021, IEA says it has to go much higher to curb emissions Energize Weekly, November 3, 2021 Clean tech investment, from both the public and private sectors, has been growing rapidly in 2021, but it still may not be fast enough to alter global emissions…
Southern California Edison to add 535MW of battery energy storage
Southern California Edison to add 535MW of battery energy storage October 25, 2021 Southern California Edison (SCE) will add 535 megawatts of battery energy storage at three of its substations to increase grid reliability for next summer. Read more
Congress eyes $235B in clean energy subsidies. Here they are
Congress eyes $235B in clean energy subsidies. Here they are 10/26/2021 Congress has a long-standing aversion to climate policy. Cap and trade saw a spectacular death in 2010. A plan to pay utilities for selling more clean electricity was axed this month. And proposals to tax carbon dioxide emissions never…
CMP, public power backers locked in war to weaken each other’s 2022 referendum bids
CMP, public power backers locked in war to weaken each other’s 2022 referendum bids October 11, 2021 Supporters and opponents of establishing a consumer-owned utility in Maine both made changes to their ballot initiatives in the past week in attempts to render the other ineffective ahead of a possible referendum fight…
Duke Energy complaints rise ahead of company’s decision to extend disconnection ban
Duke Energy complaints rise ahead of company’s decision to extend disconnection ban September 30, 2021 Duke Energy announced Thursday the company will continue to avoid shutting off electricity for the most at-risk families through March of 2022. The announcement came just a day before Duke Energy’s limited disconnection ban was set…
PPL Corporation receives FERC approval to acquire The Narragansett Electric Company
PPL Corporation receives FERC approval to acquire The Narragansett Electric Company September 23, 2021 PPL Corporation (NYSE: PPL) today received unanimous approval from the Federal Energy Regulatory Commission to acquire The Narragansett Electric Company from National Grid USA. Read more
Utilities face greatest threat as climate risks intensify
Utilities face greatest threat as climate risks intensify 20 Sep, 2021 Climate change is pushing power, gas and water companies to the frontlines of an intensifying battle against natural disasters that is set to increasingly hit the profits of businesses around the world. Utilities face the highest combined physical risk…
Colorado consumer advocates ask utility commission to reject $130M of Xcel’s February storm surcharge
Colorado consumer advocates ask utility commission to reject $130M of Xcel’s February storm surcharge Sep 14, 2021 Xcel Energy ignored numerous weather warnings when buying natural gas and failed to switch to cheaper fuel oil during the historic deep freeze in mid-February, leaving the utility helpless as spot prices spiked…
Westinghouse to pay over $20 million for failed Summer project
Westinghouse to pay over $20 million for failed Summer project Sep 2, 2021 Westinghouse Electric Company has entered into a cooperation agreement with the Department of Justice in connection with its role in the failed effort to build two AP1000 reactors at the Summer nuclear plant in Jenkinsville, S.C. Read…
Connexus electricity co-op wants a new power deal with Great River Energy
Connexus electricity co-op wants a new power deal with Great River Energy AUGUST 30, 2021 Connexus Energy, the largest owner of Great River Energy, wants to exit the big electricity generating co-op as a member, saying its longtime arrangement has become too costly and inflexible. Read more
As Vogtle’s costs rise, changes near for reviewing project’s run-away expenses
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…
PJM puts transmission upgrades for onshore renewables and offshore wind at up to $3.2 billion
PJM puts transmission upgrades for onshore renewables and offshore wind at up to $3.2 billion Energize Weekly, August 18, 2021 The PJM Interconnection – the nation’s largest grid operator – estimates that it will take between $2.2 billion and $3.2 billion in new transmission investments by 2035 to accommodate the…
New Mexico customers sound alarm over major utility merger
New Mexico customers sound alarm over major utility merger Aug 10, 2021 New Mexico customers are sounding the alarm over a proposed multibillion-dollar merger of the state’s largest electric utility provider with a U.S. subsidiary of Spanish energy giant Iberdrola, citing a sordid track record of reliability and customer service.…
Global clean energy technology investment reached a record $500 billion in 2020
Global clean energy technology investment reached a record $500 billion in 2020 Energize Weekly, August 11, 2021 Global investment in clean energy technologies reached a record $501.3 billion in 2020, with renewable energy generation accounting for 60 percent of the total, according to a BloombergNEF analysis. The 2020 figure represents…
Bipartisan $1T Senate infrastructure bill focuses on nuclear, carbon capture, transmission
Bipartisan $1T Senate infrastructure bill focuses on nuclear, carbon capture, transmission Aug. 3, 2021 A bipartisan group of senators on Sunday unveiled its nearly $1 trillion infrastructure bill, formalized into text following a 67-32 consensus to advance the legislation. The vote to advance the bill included the support of 17 Republicans. Read…
FirstEnergy Federally Charged in Ohio Nuclear Bailout Scheme
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…
Duke Energy, hedge fund continue battle
Duke Energy, hedge fund continue battle July 19, 2021 Duke Energy and a hedge fund continued a public battle Monday about the financial performance of the utility, including the operations of Duke Energy Florida. The West Palm Beach-based Elliott Investment Management L.P. sent an 11-page letter to the Duke Board…
PG&E wants to propose an 18% rate hike during a heat wave. Here’s why
PG&E wants to propose an 18% rate hike during a heat wave. Here’s why Jul 9, 2021 PG&E is asking the state to raise rates by 18%. The utility presented a proposal to the California Public Utilities Commission saying the money is needed for critical investments- specifically, on work to…
Hawai’i Microgrid Tariff Framework Could Become Model for Other States
Hawai’i Microgrid Tariff Framework Could Become Model for Other States June 28, 2021 Last month Hawai’i become only the second state with a formal microgrid services tariff, and its framework could become a model for other states, according to Microgrid Knowledge, a national publication. Read more
Utility regulators consider FPL request for biggest rate increase in state history
Utility regulators consider FPL request for biggest rate increase in state history JUN. 21, 2021 The Florida Public Service Commission on Monday convened the first of several public hearings regarding a $2 billion rate increase request by Florida Power & Light, the state’s largest utility company. Read more
Duke Energy commits to helping struggling Floridians save money, avoid disconnections
Duke Energy commits to helping struggling Floridians save money, avoid disconnections May 11, 2021 Duke Energy announced a series of steps it is taking to ensure customers who are behind on their utility bills don’t have their power cut off at a dangerous time. Read more
CenterPoint to sell Arkansas, Oklahoma gas utilities for $2.15 bln
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
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…
Utilities and state regulators delay rate increases, disconnections to deal with COVID-19
Energize Weekly, May 6, 2020 In the face of the novel coronavirus pandemic, utilities and utility regulators are moving to postpone rate increases and guard against service shutdowns for customers as most states continue to impose stay-at-home orders for their residents. The moves are also creating some financial risk and…
Xcel Energy proposes TOU rates for all Colorado residential customers
Energize Weekly, March 4, 2020 Time-of-use electricity rates are increasingly being seen as a valuable tool in reducing peak demand and managing renewable energy generation – but concerns are being voiced over their impact on low-income and elderly customers. Xcel Energy is seeking to shift all of its 1.2 million…
Bonds and credit instruments for green and sustainable projects reach $1 trillion in 2019
Energize Weekly, November 27, 2019 Debt instruments fostering sustainable projects and development reached $1 trillion in 2019 – with more than 30 percent of those loans coming this year, according to Bloomberg New Energy Finance (BNEF). “Reaching the trillion dollar milestone is a key moment for the sustainable debt market…
Two of Tri-State’s biggest co-ops file complaints with the Colorado PUC seeking to leave
Energize Weekly, November 13, 2019 Tri-State Generation and Transmission Association continues to face pressure from some of its members as two of its largest electric cooperatives last week filed complaints with the Colorado Public Utilities Commission (CPUC) seeking reasonable exit fees from the association. Brighton, Colo.-based United Power, the largest…
Tri-State adds new member, natural gas broker MIECO, in bid to qualify for FERC regulation
Energize Weekly, September 11, 2019 Tri-State Generation and Transmission Association has added energy services company MIECO Inc. as its first non-rural electric cooperative member, clearing the way for the association to be regulated by the Federal Energy Regulatory Commission (FERC). In July, Tri-State, which serves 43 electric cooperatives in four…
U.S. electricity prices up slightly in the past 12 months spurred by sharp regional differences
Energize Weekly, September 4, 2019 Average electricity prices in the U.S. edged up three-tenths of a percent in the most recent 12-month rolling period, which ended in May 2019, compared to the previous 12-month span, according to the federal Energy Information Administration (EIA). There were, however, sharp regional and state…
Colorado PUC moves to block Tri-State plan to move from state to FERC regulation
Energize Weekly, August 21, 2019 The Colorado Public Utilities Commission (PUC) has filed an unprecedented protest with federal regulators seeking to block the bid by Tri-State Generation and Transmission Association to move from state to federal rate regulation. Tri-State, which wants to shift rate regulation to the Federal Energy Regulatory…
Nearly half of U.S. utilities filed rate cases in 2018, most of them seeking rate increases
Energize Weekly, July 31, 2019 Almost half of the major U.S. electric utilities filed rate cases with state regulators in 2018 – the highest number since 1983 – with nearly 90 percent seeking rate increases, according to the federal Energy Information Administration (EIA). The rate increase requests were driven mainly…
Tri-State reaches exit deal with Colo. co-op, seeks FERC regulation on rates and contracts
Energize Weekly, July 31, 2019 After more than two years of sometimes acrimonious negotiations, fights before a state utilities commission and lawsuits, the Tri-State Generation and Transmission Association has agreed to terms allowing one of its rural Colorado cooperatives to leave next year. Four days after filing the agreement with…
Colorado co-op sues to block Tri-State’s move to FERC regulation, state lawmakers also concerned
Energize Weekly, July 10, 2019 Tri-State Generation and Transmission Association is going ahead with its deliberations on moving from state to federal regulatory oversight even as one of its rural Colorado electric cooperatives has gone to court to block the action. Tri-State’s decision to seek regulation by the Federal Energy…
Global energy investment, after a three-year slide, stabilized in 2018, the IEA says
Energize Weekly, May 29, 2019 After a three-year slide, global energy investment stabilized in 2018 at just more than $1.8 trillion dollars—as spending on oil, natural gas and coal increased, the International Energy Agency (IEA) said. Investments in renewable generation and energy efficiency, however, stalled in 2018, according to the…
Majority of nation’s coal plants are undercut on costs by wind and solar, study says
Energize Weekly, April 3, 2019 Nearly three-quarters of the nation’s coal-fired electric generation could be matched or undercut on cost by local wind and solar installations, according to analysis by Energy Innovation and Vibrant Clean Energy. The report projects that the portion of the coal-fired fleet economically challenged by renewable…
Facing costly coal plant closures more states are looking to using securitized bonds
Energize Weekly, March 20, 2019 Faced with a growing number of coal plant closures, some states are looking at the use of securitized bonds to soften the financial impact. New Mexico and Colorado already have legislation to create such bonds. “Securitized bonds are a way to avoid a rate shock…
Utility and power sector investments reach a record $180 billion in first half of 2018
Energize Weekly, September 12, 2018 Utility and power sector deals globally hit a record $180 billion in the first half of 2018, spurred by industry consolidation and renewable energy investments, according to a report by Ernst & Young (EY). The accounting and consulting firm’s second quarter “Power Transactions and Trends”…
