Grid Modernization
How public power can promote a forward-looking approach to load growth during times of change and uncertainty.
Generation
The U.S. Department of Energy on Jan. 17 announced the signing of a credit award and payment agreement with California-based Pacific Gas and Electric Company to finalize terms for $1.1 billion in credit payments via the Civil Nuclear Credit Program for the Diablo Canyon Power Plant.
Generation
Texas Gov. Greg Abbott on Aug. 4 announced the second Texas Energy Fund (TEF) loan agreement will fund a 456 megawatt natural gas power plant in Houston.
Transmission
The U.S. Department of Energy on Aug. 6 announced a $2.2 billion investment in the nation’s grid for eight projects across 18 states aimed at protecting against growing threats of extreme weather events, lowering costs for communities and catalyzing additional grid capacity to meet load growth stemming from an increase in manufacturing and data centers.
Transmission
The U.S. Department of Energy on Aug. 6 announced a $2.2 billion investment in the nation’s grid for eight projects across 18 states aimed at protecting against growing threats of extreme weather events, lowering costs for communities and catalyzing additional grid capacity to meet load growth stemming from an increase in manufacturing and data centers.
Distributed Energy Resources
Massachusetts and Rhode Island announced on Sept. 6 the selection of 2,878 megawatts of offshore wind in the first coordinated procurement of its kind.
LS Power on Aug. 9 said it has reached an agreement with Algonquin Power & Utilities Corp. to acquire Algonquin’s renewable energy business. Algonquin will sell the business for a total consideration of up to $2.5 billion.
Generation
​​​​​​​As the end of 2024 approaches, recent announcements and a look back at the year shows electric utility interest in natural gas generation remains stronger than ever and this interest is coming from not only public power utilities, but also electric cooperatives and investor-owned utilities.
Electricity Markets
The Public Utility Commission of Texas on Nov. 21 approved a new rule requiring virtual currency mining facilities located within the Electric Reliability Council of Texas region to register with the PUCT.
Reliability and affordability will be key to California’s efforts to greenhouse gas (GHG) emissions, according to a new policy paper by the California Municipal Utilities Association (CMUA).