Bowling Green Dams Get Funding
Four hydroelectric plants on the Ohio River that Bowling Green, Ohio, relies on for electricity receive $8 million in federal infrastructure funding.
Market Snapshot: Monday, October 30, 2023
EIA: WEEKLY NATURAL GAS STORAGE The last two storage reports have shown a more robust injection than the five-year average, which is helping to keep the price of Natural Gas lower as mild weather has kept heat demand down. Projections of a mild winter due to a strong El Nino are also holding back gas…
NextEra: up to $1.8B by 2026 in Renewable Tax Credit Sales
NextEra expects up to $1.8B by 2026 in renewable energy tax credit sales, CFO says The tax credit market is growing more rapidly than expected, an energy marketplace director said, but questions remain about whether it’s bringing new money to the sector. Read the article >>
Move Towards Clean Energy Means Fossil Fuel’s Peak Near
The “unstoppable” global transition to clean energy means fossil fuel demand is set to peak before 2030, the International Energy Agency predicts. Read the article >>
Action Needed to Reclaim ‘Zombie’ Coal Mines
Congress members call for investigating “zombie mines,” where coal production has idled. Still, reclamation remains incomplete after an Appalachian advocacy group identified 633,000 acres in seven states that need reclamation.
Opinion: Failing To Expand Grid May Be Biggest Threat To US Energy Transition
Failing to expand the grid may be the biggest threat to U.S. energy transition! A panel of experts urged FERC to “expeditiously” issue its pending transmission planning and cost allocation reforms and ensure wholesale power markets can support a shift to 100% clean energy. Read the article >>
Market Snapshot: Monday, October 23, 2023
EIA: WEEKLY NATURAL GAS STORAGE Our gas injections continue to be weak this summer, and we will still be lucky to have a surplus by the end of withdrawal season starting in November. Our surplus over the 5-year average, at one time over 17%, is now down to 5.1%. The excess over last year has…
Market Snapshot: Monday, October 16, 2023
Oil, Natural Gas, and The Israel-Hamas Conflict After worries that the Israel-Hamas conflict could widen into a larger Mideast war, prices returned to normal. So far, the fighting has been limited to around the Gaza Strip except for a few rocket attacks from Hezbollah from Syria and Lebanon in the north. While neither Israel nor…