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Electricity Markets
In its most recent Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration forecasts nationwide U.S. retail electricity sales to ultimate customers will grow at an annual rate of 2.2% in both 2025 and 2026, compared with average growth of 0.8% between 2020 and 2024.
Workforce
Santee Cooper has named Tami Wilson as its new Chief Financial and Administration Officer as Ken Lott steps down from the position, Santee Cooper said on July 28.
Community Engagement
Texas public power utility New Braunfels Utilities hosted an Emergency Preparedness Event on August 2 that was designed to equip New Braunfels residents with essential knowledge, tools and resources to stay safe, informed and connected during severe weather and other emergencies.
Reliability
The Fremont Department of Utilities, a Nebraska public power utility, in July announced its successful application for the Nebraska Grid Resiliency Grant Program, which is funded by the Infrastructure Investment and Jobs Act.
Energy Storage
Avangrid recently announced it has successfully completed a strategic pilot project with Tyba, an energy analytics and optimization platform, to enhance its battery energy storage system modeling and identify potential locations for siting storage infrastructure across U.S. power markets.
Transmission
The Salem Substation Historic District was added to the National Register of Historic Places in April for its crucial role during the Bonneville Power Administration's Master Grid development period that began in the late 1930s.
Bonds and Financing
The Tennessee Valley Authority priced $1.25 billion of new five-year maturity global power bonds on Aug. 5, with an interest rate of 3.875%.
Transmission
The Southwest Power Pool's Board of Directors approved the Consolidated Planning Process, which SPP said is a "new approach that replaces legacy study methods, leveraging industry best practices, advanced technology and decades of expertise to provide a modern blueprint for keeping the regional grid reliable and affordable."