The U.S. Senate on Nov. 10 voted 60 to 40 to pass legislation that will waive the statutory Pay-As-You-Go Act (Paygo) at the end of the year, protecting Build America Bond (BAB) and New Clean Renewable Energy Bond (New CREB) payments and elective pay tax credit payments from elimination via sequestration.
Bonds and Financing
Silicon Valley Clean Energy (SVCE) closed its fourth prepayment transaction for clean energy project bonds. The deal results in approximately $4.5 million in savings annually, a 10.8 percent discount on the cost of power representing about 44 megawatts (MWs) of around-the-clock supply.
Community Engagement
This year, ElectriCities of North Carolina, Inc., celebrates 60 years of service to public power communities.
Community Engagement
The Northeast Public Power Association in November celebrated NEPPA’s 60th anniversary, “six decades of dedication, innovation, and connection across the Northeast public power community,” it said.
Distributed Energy Resources
TotalEnergies and Google have signed a 15-year Power Purchase Agreement (PPA) to supply Google with a total volume of 1.5 TWh of certified renewable electricity from TotalEnergies’ Montpelier solar farm in Ohio.
Bills and Rates
The Long Island Power Authority (LIPA) on Nov. 12 announced its proposed 2026 budget, which delivers stable electric rates, including a projected 3.3% decrease in the average residential customer electric bill.
President Trump signed into law H.R. 5371, the Continuing Appropriations and Extensions Act, 2026, which waives the statutory Pay-As-You-Go Act (Paygo) at the end of the year, protecting Build America Bond and New Clean Renewable Energy Bond payments and elective pay tax credit payments from elimination via sequestration.
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.
Environment
The Imperial Irrigation District, in partnership with the Coachella Valley Association of Governments (CVAG), has been awarded a $2.9 million California Department of Forestry and Fire Protection (CAL FIRE) Inflation Reduction Act grant for the “Shade Trees for Southern California’s Deserts” initiative.
Reliability
Electric Cities of Georgia (ECG) on Nov. 11 announced that six of the eight Georgia communities selected for the Georgia Environmental Finance Authority (GEFA) Grid Resilience Grant Program are ECG members.