In a significant shift, the Federal Energy Regulatory Commission (FERC) has decided to abandon its transmission incentives policy, particularly the construction work in progress (CWIP) incentives. This decision marks a pivotal change in how transmission projects are financed and regulated, potentially impacting stakeholders across the energy sector.
Historically, transmission incentives, including CWIP, were designed to encourage investment in the nation's aging and overburdened transmission infrastructure. By allowing utilities to recover costs during the construction phase,...
In recent years, the U.S. energy landscape has been undergoing a dramatic transformation, characterized by significant shifts in investment patterns across renewable energy sectors. According to a recent BloombergNEF report, U.S. investment in wind energy has soared, while solar energy investment...
Advances in information and communication technology (ICT) have been utilized over the year by utility industry in order to improve power quality, reliability, efficiency and security. Growing concern for environment, increasing complexity in managing convectional grid, energy sustainability and...
In a strategic move aimed at enhancing its power supply reliability, FirstEnergy is actively exploring alternatives to the PJM capacity market. This development reflects the company’s proactive approach to addressing challenges within the existing market structure and ensuring a more robust...
Pacific Gas and Electric Company (PG&E), a major utility serving Northern and Central California, has secured a conditional $15 billion loan guarantee from the U.S. Department of Energy's (DOE) Loan Programs Office. This funding aims to enhance PG&E's hydropower generation, battery storage...
The "Solar For All" program, which was designed to bring affordable solar energy to low-income communities across the United States, is now facing significant challenges after a pause in funding imposed by the Trump administration. This program, which was part of the Biden administration’s...
In a strategic move to tackle the growing electricity demand and bolster energy security, the U.S. Department of Energy (DOE), under Secretary Chris Wright, has announced plans to focus on expanding baseload and dispatchable power generation. This shift in priorities, outlined on January 5, 2025,...
Pacific Gas and Electric Company (PG&E), a major utility serving Northern and Central California, has secured a conditional $15 billion loan guarantee from the U.S. Department of Energy's (DOE) Loan Programs Office. This funding aims to enhance PG&E's hydropower generation, battery storage...
A coalition of large energy consumers and ratepayer advocates has filed a complaint with the Federal Energy Regulatory Commission (FERC), urging the agency to prohibit transmission owners from independently planning "local" transmission projects exceeding 100 kilovolts (kV). The coalition argues...
Novonix, an Australian battery materials and technology company, has secured a conditional commitment for a $754.8 million loan from the U.S. Department of Energy (DOE) to construct a synthetic graphite manufacturing facility in Chattanooga, Tennessee. This facility is poised to become the first...
The Public Utility Commission of Texas (PUCT) has unanimously decided to shelve the proposed $1 billion Performance Credit Mechanism (PCM) for power generators, concluding that it would not deliver the anticipated grid reliability benefits. The PCM was conceived as a means to incentivize power...
