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Electricity Markets
As part of his $4.5 trillion budget proposal for fiscal year 2020, President Donald Trump has again proposed selling federal Power Marketing Administration and Tennessee Valley Authority transmission assets.
Bonds and Financing
California public power utility Alameda Municipal Power on March 7 earned a credit rating upgrade from Standard and Poor’s Global Ratings based on the utility’s strong financial performance. The upgrade moves Alameda Municipal Power’s S&P rating from A+ to AA-. S&P noted in a statement that Alameda
Disaster Response
In the wake of tornadoes that hit Alabama, Georgia and Florida over the first weekend in March, public power utilities in the region rolled up their sleeves and helped one another with power restoration efforts, marking the latest example of how public power utilities lean on each other through mutual aid assistance.
In an effort to cut ozone pollution, New York regulators are proposing tougher air emission requirements that are expected to force about 3,400 megawatts of older peaking units to retire.
Electricity Markets
Rep. Tim Walberg, R-Mich., on March 5 reintroduced legislation aimed at updating the Public Utility Regulatory Policies Act of 1978.
Electricity Markets
The Electric Reliability Council of Texas expects record peak demand and thin reserve margins this summer, making it more likely the grid operator will need to issue alerts to draw on resources such as demand response.
Electricity Markets
U.S. net electricity generation increased by 4% in 2018, reaching a record high of 4,178 million megawatt hours, the Energy Information Administration reported.
Bonds and Financing
The Chambersburg Electric Department, a Pennsylvania public power utility, on Feb. 25 sold a $9,315,000 capital improvements bond to raise resources to invest in the Borough of Chambersburg’s public power system.