Grid Updates: Power Grid Lags in Building Out
Progress on building the power grid lags even as Congress wades through permitting reform bills and regulators advance measures to speed interconnection.
Energy Market Snapshot: Feb 26, 2024
EIA NATURAL GAS STORAGE REPORT Only about five weeks are left in injection season, and we have solid storage numbers with a supply level of more than 22% over the five-year average. Expected storage by the end of injection season will be 1,800 Bcf, which is even better than last year’s numbers. NATURAL GAS TOTAL…
Energy Market Snapshot: Feb. 19, 2024
NATURAL GAS STORAGE The EIA reported a withdrawal of 49 Bcf out of underground storage for the week ending February 9, 2024, vs. an estimated withdrawal of 71 Bcf. Inventories are 2,535 Bcf, 255 Bcf or 11.2% more than the same period last year, and 348 Bcf or 15.9% more than the 5-year average. NATURAL…
EIA: 81% of New Electric-generating Capacity to come from Solar and Battery Storage
EIA predicts that solar and battery storage will comprise 81% of new electric-generating capacity in the U.S. by 2024. This highlights the continued growth of renewable energy and its crucial role in powering the country.
Regulators Urge MISO & PJM Cooperation
State utility regulators are urging MISO and PJM to enhance their joint long-term interregional transmission planning to guarantee reliability in the face of increasing demand and renewables.
Maryland Ratepayers Shouldn’t Pay for VA Lines
The Maryland Office of People’s Counsel has recently stated that Virginia should bear the transmission costs resulting from its data center incentive policy. The policy has been deemed unfair to Maryland ratepayers. You can read more about this story here: https://www.utilitydive.com/news/maryland-ratepayer-advocate-ferc-pjm-rtep-transmissision-cost-virginia-data-center/707338/
Indictments: FirstEnergy Scandal Comes Into Focus
The recent Ohio indictments shed light on the FirstEnergy scandal and the squalid relationships that led to it. The scandal has taken the energy industry by storm and brought to light the corruption and unethical practices that have been taking place. Read the article >>
EPA: Utilities Not Cleaning Up Toxic Coal Ash
The U.S. EPA recently released a report indicating “widespread noncompliance” with its coal ash rule. This is partly due to a loophole that excluded older landfills, ponds, and fill sites. This is a concerning development, as coal ash contains toxic chemicals that can harm public health and the environment. We must address this issue and…
Energy Market Snapshot: Feb. 12, 2024
NATURAL GAS: NYMEX CALENDAR STRIPS The cost of Natural Gas continues to drop over the 12 months, and injection season is just around the corner on April 1st. We have seen a trend in the last few years where the current year is priced lower than the following years. So, looking at Natural Gas and…
