RGGI kicks off bidding process for March CO2 allowance auction Participating states in the Regional Greenhouse Gas Initiative released auction documents Jan. 12 for the first CO2 allowance sale of 2015, which begins the bidding process for the March 11 auction. Read full article at SNL
Oil Drops Below $45; U.S. Stockpiles May Speed Collapse Oil extended losses to trade below $45 a barrel amid speculation that U.S. crude stockpiles will increase, exacerbating a global supply glut that’s driven prices to the lowest in more than 5 1/2 years. Read article on Bloomberg
Accenture acquisition to boost smart grid solution services Accenture (NYSE: ACN) announced it has completed a deal to purchase Structure to enhance its smart grid solutions services. Structure was founded in 1998 and since 2010, the company has received numerous industry awards for its work. Structure’s 190 employees will work alongside Accenture’s Resources operating group. … Continue reading Accenture acquisition to boost smart grid solution services→
EPA Delays Power Plant Carbon Rules The Environmental Protection Agency will delay its three proposed carbon emission rules until mid-summer, as it coordinates their release to address new, existing and modified power plants during the same time frame. Read article on RTO Insider
Natural Gas Gains as Bitter Cold Weather Spurs Heating Demand Natural gas futures advanced for a second day in New York as bitter cold sweeping most of the U.S. boosted demand for the heating fuel. Read article at Bloomberg
Gas Price Drop Raises Risk for Aging Coal, Nuclear Power A 37 percent drop in natural gas prices since June has lowered what U.S. nuclear and coal plants can charge for electricity, potentially speeding the demise of generators teetering on the brink of closing. Read the article at Bloomberg
Two utilities opt out of Cape Wind Future of Nantucket Sound turbine project in doubt as purchase contracts are terminated Read the article at Boston Globe