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.

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.

As of Nov. 1, 16 participants are moving forward with binding operations beginning in the winter 2027/2028 season for the Western Resource Adequacy Program (WRAP).

The PJM Interconnection has filed a proposal to update capacity auction rules for consideration by the Federal Energy Regulatory Commission as part of the grid operator’s Periodic Review process.

In furtherance of the Imperial Irrigation District’s (IID) strategic objective to deliver reliable energy service long into the future, the California public power utility's Board of Directors has approved a plan to fully replace just over 8,000 wooden power poles across its vast service area over the next five years.

Nebraska public power utility Omaha Public Power District continues to grow its energy portfolio to meet increasing demand and recently hit a major milestone when a 225-megawatt (MW) combustion turbine was delivered to the Turtle Creek Station (TCS) in Sarpy County as part of an expansion of that natural gas-powered plant.