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Bonds and Financing
The Internal Revenue Service recently said that it will grant certain applicable entities that are making an elective payment election (also known as direct pay) an automatic six-month automatic extension of time to file an original or superseding Form 990-T, Exempt Organization Business Income Tax Return, with relevant schedules and forms.
Generation
Amazon and Energy Northwest on Oct.16 announced an agreement to fund efforts to move toward development and deployment of small modular reactor technology in Washington state to advance reliable energy across the Northwest.
Electricity Markets
The PJM Interconnection recently said it will be supporting a delay of the PJM 2026/2027 Base Residual Auction for approximately six months.
Transmission
The Bonneville Power Administration has identified 13 new transmission substation and line projects necessary to reinforce the Pacific Northwest's electric grid.
Energy Storage
The U.S. Department of Energy, through its Loan Programs Office, on Oct. 15 announced a $861.3 million loan guarantee to finance the construction of two solar photovoltaic farms equipped with battery storage and two standalone battery energy storage systems in Puerto Rico.
Generation
The U.S. Department of Energy on Oct. 16 opened applications for up to $900 million in funding to support the initial domestic deployment of Generation III+ small modular reactor technologies.
Reliability
The U.S. Department of Energy has awarded Gainesville Regional Utilities a $47.5 million grant to bolster electric grid resilience, increase funding to community-based programs and support workforce development.
Bonds and Financing
Moody’s Investors Service recently affirmed the Aa2 rating with a stable outlook for Western Minnesota Municipal Power Agency’s power supply revenue and refunding bonds.