A rule proposed by the Board of Governors of the Federal Reserve, Federal Deposit Insurance Corporation, and Office of Comptroller of the Currency will have serious consequences for the ability of public power utilities and rural cooperatives to find regulated counterparties for the forward contracts, commodity trade options, and energy commodity swaps needed to hedge price and supply risks, the American Public Power Association and the National Rural Electric Cooperative Association said in Jan. 3 comments.

Pattern Energy Group LP recently closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind.

The PJM Interconnection recently released its new long-term load forecast, which predicts estimated electricity demand growth of 1.7% per year for summer peaks, 2% for winter peaks, and 2.4% for net energy over a 10-year planning horizon starting in 2024. Total annual energy use throughout the PJM footprint is expected to increase nearly 40% by 2039, from 800,000 gigawatt-hours to about 1.1 million GWh.

The Board of Directors for California public power utility SMUD recently elected Rosanna Herber as President of the Board and Gregg Fishman as Vice President of the Board.

The Vermont Public Power Supply Authority on Jan. 9 announced that Burlington Electric Department has joined VPPSA as a strategic member.

Average natural gas prices were about 62 percent lower in 2023 than in 2022, according to the Energy Information Administration.