A hot summer coming, expect higher air conditioning electric bills CLEVELAND, Ohio — You can expect a hotter than normal summer and higher electric bills if you use air conditioning. But you won’t have to worry about brownouts. Much of the eastern United States will see more 90-degree days than typically occur, AccuWeather predicts in … Continue reading A hot summer coming, expect higher air conditioning electric bills
Supreme Court Rejects Maryland Power Plant Subsidies, But Signals Permissible Ways for States to Incentivize New Plants In recent years, Maryland attempted to subsidize new power plants by guaranteeing prices for generating capacity at wholesale auctions administered by PJM Interconnection L.L.C. (PJM). Tuesday, the Supreme Court unanimously affirmed in Hughes v. Talen Energy Marketing, LLC1 … Continue reading Supreme Court Rejects Maryland Power Plant Subsidies, But Signals Permissible Ways for States to Incentivize New Plants
PJM average power prices hit 15-year low in March Cheap fuel and mild weather caused wholesale power prices to plunge to a 15-year record low in the PJM Interconnection in March, stakeholders learned Monday. The PJM’s load-weighted average locational marginal price was $22.97/MWh in March, compared with $25.95/MWh in February and $42.02/MWh in March 2015, … Continue reading PJM average power prices hit 15-year low in March
Exelon Generation and RES announce 10 MW battery storage project Exelon Generation and Renewable Energy Systems (RES) announced today the development of a 10 megawatt (MW) battery storage facility in Clinton County, Ohio. Exelon Generation is the storage facility owner and operator, and RES is the project developer and constructor. RES, a leader in the … Continue reading Exelon Generation and RES announce 10 MW battery storage project
SCOTUS protects electricity competition, strikes down Maryland subsidies Tuesday’s unanimous decision by the U.S. Supreme Court invalidating Maryland’s subsidy program to encourage building new power generation marks a welcome defense of the principles of competition in electricity markets. Authored by Associate Justice Ruth Bader Ginsburg, the opinion found the Maryland program set an interstate electricity … Continue reading #SCOTUS protects #electricity_competition, strikes down Maryland subsidies
Tenaska closes $780 million financing for natural gas-fueled power plant in Pennsylvania Leading independent energy provider Tenaska closed approximately $780 million in commercial financing today for the Tenaska Westmoreland Generating Station, a 925-megawatt (MW) natural gas-fueled power plant project near Pittsburgh. Since its founding in 1987, Tenaska has raised approximately $14.4 billion in capital through … Continue reading #Tenaska closes $780 million financing for #natural_gas-fueled power plant in #Pennsylvania
What keeps grid CEOs up at night? HOUSTON — The question “What keeps you up at night?” is common enough in the power sector that Brad Jones had reason to be ready with a quip last week. And he was. The CEO of the New York Independent System Operator (NYISO) quoted Terry Boston, a former … Continue reading What keeps grid CEOs up at night?
Cost of Artificial Island power line doubles to $272M The proposed cost for a new power line connecting the Artificial Island nuclear complex to Delaware has nearly doubled to $272 million, an expense that many state electricity customers will end up paying. “Delaware’s ratepayers will be paying 99 percent of the cost … for New … Continue reading Cost of Artificial Island power line doubles to $272M
ComEd seeks rate increase to cover cost of Smart Grid upgrades ComEd is asking state and federal authorities to increase its delivery of power to residential customers by about $3 a month, but that amount is expected to be offset by other savings over this next year, a ComEd executive said Wednesday. The power utility, … Continue reading #ComEd seeks rate increase to cover cost of Smart Grid upgrades
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