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…
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…
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…
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…
Trend toward electric utility rate increases in regulated markets continues in 2024 September 9, 2024 Utility regulators in the United States are considering increases to electricity rates again this year as electric utilities seek to cover the investments needed to maintain and expand their systems. Utilities requested rate increases in…
Southern California Edison Seeks to Recover $1.6 Billion of Wildfire-Related Losses Aug. 29, 2024 Southern California Edison, a unit of utility Edison International, said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018. Under…
Residential solar prices drop as size of installations grow and more batteries are added Energize Weekly, September 4, 2024 The size of residential solar systems has been rising as solar module efficiency increases and solar panel costs decline, according to the Lawrence Berkeley National Laboratory’s annual Tracking the Sun report.…
FERC rejects Basin Electric’s bid for special cryptocurrency mine and large load rates Energize Weekly, August 28, 2024 The Basin Electric Power Cooperative’s plan for special rates for cryptocurrency mines and other large loads was rejected by the Federal Energy Regulatory Commission (FERC), which said the co-op had not proved…
Data centers driving Oklo’s nuclear project pipeline 8.15.2024 Advanced nuclear company Oklo now has non-binding letters of intent for about 1,350 MW of microreactor capacity, a 93% increase from its 700 MW project pipeline in July 2023, the company told investors in its Q2 earnings call this week. Of the…
Market problems, poor planning causing price hikes in nation’s largest electric market, critics say August 20, 2024 After years of climbing electric prices nationwide, customers in the United States’ largest power market are about to get squeezed harder. Last month, PJM, which coordinates the flow of electricity for an area…
Appeals Court rules against Duke Energy in competition for Fayetteville’s business August 5, 2024 The 4th US Circuit Court of Appeals has thrown out a lower court order and ruled against Duke Energy in a dispute over providing electricity to customers in Fayetteville. A competitor argued that Duke had engaged…
Maine regulators will map out the next decade’s demands on the power grid July 29, 2024 An initial 10-year plan by the state for guiding Maine’s electric utilities includes goals of improving the reliability and resilience of the power grid system in the face of climate change — while also…
U.S. electricity demand to rise spurred by the growth of data centers and electric vehicles Energize Weekly, July 31, 2024 After remaining relatively flat for the last 20 years, U.S. electricity demand is projected to grow 13 percent by 2030, boosted by demands from data centers, electric vehicles (EVs) and…
Seattle City Light to increase rates due to higher demand, rising energy costs July 15, 2024 The Seattle City Light Department recently announced a plan to increase rates for customers amid a growing energy demand and heightened labor costs. Customers could see a 5.4% rate increase in 2025 and 2026,…
How Chevron’s fall could remake the energy sector 07/01/2024 The Supreme Court’s decision Friday to give judges more authority over federal agencies creates new hurdles for the Biden administration as it seeks to promote low-carbon energy and address climate change. Forty years after the justices first decided Chevron v. NRDC,…
N.C.’s ratepayer advocate: Duke Energy ‘failed’ to consider incentives that would cut costs & enable more clean energy June 25, 2024 Duke Energy’s plan to zero out its carbon pollution all but ignores a federal loan program that could save ratepayers hundreds of millions of dollars and enable more clean…
Record temperatures will increase electricity demand, but not natural gas or coal prices Energize Weekly, June 26, 2024 Record temperatures are set to increase electricity demand this summer, but analyses find that a combination of ample gas storage and more renewable generation will help prevent a spike in natural gas…
As heat wave sweeps across Michigan, many will see impact of summer peak electric rates June 17, 2024 As Michiganders grapple with scorching temperatures this week, special electric rates meant to lessen strain on the grid and promote energy savings are in effect for millions of residents. For many customers…
PUCO allows higher AES Ohio transmission charges June 3, 2024 State regulators recently approved a bid by Dayton electric utility AES Ohio to increase its transmission cost recovery rider or charge. In so doing, the Public Utilities Commission of Ohio (also known as the “PUCO”), overruled an objection from the…
AI is poised to drive a doubling in data center electricity demand by 2030, studies say Energize Weekly, June 5, 2024 Data centers, spurred by increased artificial intelligence applications, could double their demand for electricity in the U.S. reaching 9.1 percent of the nation’s electricity load by 2030, according to…
FERC adopts sweeping transmission planning regulations with the aim of speeding projects Energize Weekly, May 22, 2024 The Federal Energy Regulatory Commission (FERC) adopted a sweeping new regulation, on May 13, aimed at spurring the planning and construction of new transmission lines to meet the growing needs of the nation’s…
States rethink data centers as ‘electricity hogs’ strain the grid APRIL 30, 2024 State Sen. Norm Needleman championed the 2021 legislation designed to lure major data centers to Connecticut. The Democratic lawmaker hoped to better compete with nearby states, bring in a growing industry, and provide paychecks for workers tasked…
Texas power prices signal grid stress in another long, hot summer Apr 29, 2024 A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs. Traders start looking at prices months in advance to gauge the…
Evergy Plan Maintains Lowest-Cost Approach to Meeting Growing Customer Electricity Demand, Maintaining Reliability, and Advancing Sustainability April 1, 2024 Evergy, Inc. (NASDAQ: EVRG) today filed its triennial Integrated Resource Plan with the Missouri Public Service Commission. This outlines the plan to meet customer electricity needs over the next 20 years.…
Baltimore bridge collapse likely to pinch coal exports and energy-related imports Energize Weekly, April 4, 2024 The collapse of the Francis Scott Key Bridge, after being hit by a container vessel, has blocked the Port of Baltimore, throttling imports and exports of a wide range of goods, including cars, sugar,…
Goldman Sachs-backed BESS developer Gridstor makes first ERCOT project acquisition March 12, 2024 Gridstor, a developer of standalone battery energy storage system (BESS) assets, has acquired a 450MW/900MWh project in Texas, US, the company’s first in the booming ERCOT market. Gridstor announced last week (6 March) that it has bought…
Lawmakers across the U.S., including in Md., seek to curb utility spending on politics, ads and more March 5, 2024 After a string of scandals and amid rising bills, lawmakers in statehouses across the country, including in Maryland, have been pushing legislation to curb utilities spending ratepayer money on lobbying,…
Texas Electric Utility Courts Unnamed Crypto Miners With Five-Year Deals Feb 17, 2024 In a recent report, the community-driven, nonprofit electric provider in Texas, Denton Municipal Electric (DME), is attracting interest from several crypto mining companies seeking to establish operations. These companies are eyeing a five-year agreement for powering their…
Growing electricity demand from electric vehicles poses risks to the bulk power system, NERC says Energize Weekly, February 21, 2024 The growing demand for electricity to charge electric vehicles (EVs) – depending upon the timing of the charging – could threaten the bulk power system, according to a study by…
Xcel plans higher electric rates during peak evening hours, lower overnight costs FEBRUARY 6, 2024 Xcel has asked state utility regulators to let it switch Minnesota electric customers to variable rates, which on summer weekdays would be seven times more expensive from 3-8 p.m. than between midnight and 6 a.m.,…
Energy companies gear up for fight on electric regulation bill January 16, 2024 As top lawmakers move to strengthen consumer protections for utility customers who shop for electricity suppliers, large national energy companies are countering with a poll showing an overwhelming majority of voters want to retain robust competition in…
Puget Sound Energy says region set new record for electrical demands January 15, 2024 Puget Sound Energy says the region set a new record for demand on the natural gas and electrical systems on Friday. A faulty fiber optic cable temporarily took down one of its gas storage facilities in…
After referendum, Maine advocates and lawmakers look to bolster utility accountability and performance January 9, 2024 Following the defeat of a ballot measure that sought to replace Central Maine Power (CMP) and Versant with a consumer-owned power company, policymakers and advocates are looking to explore other ways of further regulating…
American Electric Power (AEP) to Sell Stake in New Mexico Asset Dec 28, 2023 American Electric Power Co. Inc. AEP and PNM Resources Inc. PNM have inked a deal to divest 50% stake each in New Mexico Renewable Development, LLC (“NMRD”) to Exus North America Holdings, LLC for approximately $230…
FERC sets exit fee formula ending four-year battle between Tri-State G&T and its largest co-op Energize Weekly, January 3, 2024 After a four-year battle over how much it will cost the Colorado electric cooperative United Power to leave its wholesale power provider, Tri-State Generation and Transmission Association, federal regulators settled…
New manufacturing facilities and data centers are driving increased electricity demand Energize Weekly, December 27, 2023 The U.S. electric grid is ill-prepared for a surge in demand coming from new manufacturing, data centers and in future years, electrification of transport and building heating. Meanwhile, the queue of generation projects waiting…
What are time-of-use (TOU) rates? How do they work? Dec 6, 2023 Across the country, utilities are beginning to introduce innovative rate structures for residential energy consumers. These rate structures–from time-of-use rates to demand charges to real-time pricing–all have a common goal: to incentivize customers to consume energy when the…
FirstEnergy’s 4 Pa. subsidiaries, including Met-Ed, to combine into one company Dec 10, 2023 First Energy Corp. has won regulatory approval to combine its four Pennsylvania electric-distribution subsidiaries, including Met-Ed, into one company. The Pennsylvania Public Utility Commission (PUC) approved that move on Thursday, Dec. 7, allowing for the combination…
NARUC establishes new gas-electric working group to tackle grid-related reliability November 28, 2023 At its annual meeting and education conference last week, the National Association of Regulatory Utility Commissioners (NARUC) launched a new 15-month gas electric working group to improve reliability for both the gas and electric industries. “The safety…
Clean energy jobs growth worldwide surpasses fossil-fuel sector jobs which saw a decline Energize Weekly, November 29, 2023 Clean energy employment is growing more rapidly than fossil-fuel jobs across the globe and accounted for the majority of the 67 million jobs in the energy sector in 2022, according to an…
PG&E bills to soar next year after regulators approve 13% rate increase Thursday Nov 16, 2023 Monthly bills for Pacific Gas and Electric Co. customers will climb even higher next year after California regulators on Thursday unanimously approved allowing the utility giant to increase its rates for electricity and natural…
Duke Energy says sale of commercial solar and wind businesses signals a ‘new era’ November 2, 2023 Duke Energy executives say the company is now in a “new era” after it sold off its two unregulated commercial renewable energy businesses last month. That leaves Charlotte-based Duke as a fully regulated…
Bills could protect Wyoming residents from future utility rate hikes October 31, 2023 Three of seven bills reviewed by state lawmakers Friday morning aim to protect consumers from inflated utility rates while holding companies accountable for reliable energy. The Legislature’s Joint Corporations, Elections and Political Subdivisions Committee meeting happened to…
20 States That Have The Cheapest Electricity In The US October 23, 2023 In this article, we’ll list states with the most affordable electricity prices and explain their power grid. If you want to skip why certain regions pay less for energy than others, read 5 States That Have The…
U.S. Hit Second Highest Hourly Peak Demand This Summer, EIA Reports October 6, 2023 This summer, the United States hit the second highest peak electricity demand since the Energy Information Administration began collecting data in 2016, the agency said. Peak hourly electricity demand in the continental United States reached 741,815…
EVs could capture 80 percent of new car sales in China, Europe, and the U.S. by 2030 Energize Weekly, October 11, 2023 While it took six years for electric vehicles (EVs) to climb to from 1 percent to 10 percent of the passenger car market, in another seven, they could…
Utility stocks take a beating amid rising rates October 3, 2023 Utility stocks took a breather on Tuesday following the sector’s worst daily performance since April 2020. The SPDR S&P 500 Utility Sector ETF (XLU) fell 4% on Monday and recovered to end the next day higher. Year-to-date the ETF…
U.S. solar installations to set a record in 2023 despite tariff, supply chain, and funding uncertainties Energize Weekly, September 27, 2023 Solar installations in the U.S. are poised to reach a record 32 gigawatts (GW) of new capacity in 2023, a 52 percent increase over last year, even as the…
United Illuminating lawsuit claims electric rates approved by CT will force it to operate at a loss Sep. 18, 2023 Arguing that an August decision by Connecticut regulators on utility rates will force it to operate at a loss, United Illuminating Co. filed a lawsuit on Monday in New Britain…
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