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
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.
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.
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.
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.
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).
Grid Modernization
To help advance Pasadena’s clean energy goals and enhance grid resilience, Pasadena Water and Power (PWP), a department of the City of Pasadena, California, has been awarded grants supporting the ongoing deployment of emerging technologies to accelerate the City’s clean energy transition.
Electric Vehicles
A group representing over a dozen West Coast utilities has released a report that recommends adding electric vehicle charging stations for freight haulers and delivery trucks along the interstate corridor running from Canada to Mexico.
Electricity Markets
Talen Energy on Dec. 23 said it intends to pursue appellate remedies after the Federal Energy Regulatory Commission said that it would not immediately address a Talen Energy request for rehearing of a Commission order that rejected an amended Interconnection Service Agreement among PJM, Susquehanna Nuclear LLC and PPL Electric Utilities tied to a data center in Pennsylvania.