Private Equity Buying Up Aging Coal and Gas Assets
Environmental advocates fear that investors’ push for oil and gas companies and utilities to reduce carbon emissions has led to the sale, and potentially prolonged use, of their fossil fuel assets.
TPI Takeaway Market Snapshot: October 24, 2022
Ohio Electricity Rates More than Double By Summer Ohio FirstEnergy customers will see their electric bills rise starting next summer, as the Akron-based utility has purchased some of its electricity at more than twice the price it’s paying now. During the October 4th auction, FirstEnergy agreed to pay an average price of $122.30 per megawatt-hour for delivery…
Offshore Wind: Jobs To Take Off
The National Renewable Energy Laboratory estimates the U.S. offshore wind industry will provide up to 58,000 full-time jobs each year beginning in 2024, mostly in manufacturing.
Market Snapshot for Monday, Oct. 17, 2022
Weather Outlook: Brrr! Frost and freeze conditions are forecast early this week across portions of the Plains, Mississippi Valley, Ohio Valley and Tennessee Valley. Mild to warm weather for the remainder of the week across the Midwest, East and South will allow some late-season cooling demand along the Gulf Coast and back into Texas, but…
Market Snapshot for October 10, 2022
Weather Forecast: Below Average Temperature Outlook Hurricane Ian directly hit Fort Myers and Sanibel Island, Florida, late last week, causing devastating damage to property and infrastructure. The storm knocked out power to more than 2 million Florida residents. Weather in the Midwest and East is mainly seasonal, with some frost warnings in the midwest this…
Maryland Regulators: Energy Opinion
Commentary: Maryland regulators shouldn’t upgrade state gas utilities’ distribution systems to spare customers from the associated bill hikes when the future of that infrastructure is in limbo, a consumer advocacy group writes.
Duke Energy To Spend 145B to Move Towards Carbon-Free Generation
Duke Energy ups 10-year capital spending plan to $145B to modernize the grid and move to zero-carbon generation; 85% of the spending will go toward grid modernization and the company’s transition toward decarbonized generation. Read at Utility Drive >>
Market Snapshot: Hello October!
Weather: ABOVE-AVERAGE TEMPS IN PACIFIC NORTHWEST MEANS LESS HEAT DEMAND Pricing dropped almost 33% in September. Strong production, mild weather, and Hurricane Ian all combined to bring the Natural Gas Market down by almost $3.00 during September. Take advantage of this now. This drop is temporary. Winter weather is coming, which will mean higher demand…