Generation
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PJM capacity prices could jump 157% in next auction: Morgan Stanley
While prices could hit a $695/MW-day cap, relatively small changes in new supply in the December auction could produce large swings in the outcome, analysts said.
By Ethan Howland • Aug. 29, 2024 -
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Pennsylvania state senator to propose loan fund to spur new power plants
The Pennsylvania Baseload Energy Development Fund would be modeled after a $5 billion loan fund in Texas.
By Ethan Howland • Aug. 29, 2024 -
Explore the Trendline➔
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TrendlineTop 5 Stories from Utility Dive
The U.S. clean energy transition is expected to accelerate in 2024 but faces question around transmission, financing, federal elections and other issues.
By Utility Dive staff -
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US clean energy jobs grew 4.2% in 2023: DOE
The U.S. added clean energy jobs at more than twice the rate of the broader economy, according to the Department of Energy.
By Robert Walton • Aug. 28, 2024 -
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Clean energy groups push for more interconnection reforms ahead of FERC workshop
They called for fast-track processes that would give construction-ready projects access to existing and planned interconnection capacity, among other things.
By Ethan Howland • Aug. 27, 2024 -
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Southwest Power Pool seeks FERC OK to delay 2024 interconnection queue process
The delay would give SPP time to finish studying and restudying interconnection clusters going back to 2018, the grid operator told the Federal Energy Regulatory Commission.
By Ethan Howland • Aug. 26, 2024 -
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CAISO interconnection reform plan draws support from SoCal Ed, PG&E, PUC
However, renewable energy developers and trade groups urged the Federal Energy Regulatory Commission to reject provisions they say would favor utility-backed projects.
By Ethan Howland • Aug. 23, 2024 -
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New England may need ‘vast renewable build-out’ by 2050 to meet state decarbonization goals: ISO
By 2045, wind and solar resources are projected to meet just 10 GW of the 51 GW peak gross load during peak winter demand, according to the grid operator’s modeling.
By Robert Walton • Aug. 23, 2024 -
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MISO, SPP advance ‘unprecedented’ transmission plan that could support up to 30 GW
The grid operators are seeking Federal Energy Regulatory Commission approvals that are needed to build $1.7 billion in transmission projects along their northern border.
By Ethan Howland • Aug. 22, 2024 -
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Deep DiveCalifornia pioneers new ways to ease interconnection of large DERs
Limited generation profiles in California will schedule limits to DERs during system constraints. New York, Illinois, Colorado and others are testing more flexible approaches.
By Herman K. Trabish • Aug. 21, 2024 -
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FERC rejects Basin Electric’s cryptocurrency mining rate proposal
Basin Electric failed to show it was fair to treat cryptocurrency loads differently from other similar-sized loads, the agency said in a potentially precedent-setting decision.
By Ethan Howland • Aug. 21, 2024 -
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CenterPoint issues all-source RFP for Indiana territory
The utility seeks new renewables, thermal generation, batteries, demand-side resources “and other innovative solutions” to supply 150,000 customers.
By Robert Walton • Aug. 21, 2024 -
Tigerstrawberry via Getty Images
EIA expects 62.8 GW to come online in 2024, led by solar, energy storage
Also, the pace of power plant retirements slowed in the first half of this year to 5.1 GW, down from 9.2 GW in the same period last year, the Energy Information Administration said Monday.
By Ethan Howland • Aug. 19, 2024 -
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Oklo’s microreactor project pipeline jumps 93% ahead of 2027 planned deployment
Data centers account for 600 MW of Oklo’s roughly 1,350 MW in business currently under negotiation with customers, CEO Jacob DeWitte said on the company’s Q2 2024 earnings call.
By Brian Martucci • Aug. 15, 2024 -
Stuby, James. Retrieved from Wikimedia.
Maryland electric customers face up to 24% bill hikes from PJM capacity auction: report
Reliability-must-run contracts for two Talen Energy power plants added about $5 billion to PJM’s capacity costs in its last auction, Synapse Energy Economics found.
By Ethan Howland • Aug. 15, 2024 -
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New York ISO reforms interconnection queue, launches cluster study reviews
The changes, which comply with FERC Order 2023, “deliver greater efficiencies and transparency in our interconnection process,” New York ISO President and CEO Rich Dewey said.
By Robert Walton • Aug. 13, 2024 -
Permission granted by NuScale Power, LLC
AI, manufacturing spur SMR interest, but project complexity weighs on deals: NuScale
CEO John Hopkins expressed optimism over a bipartisan nuclear support law and a new DOE solicitation on SMRs amid efforts to close deals with U.S. data center operators.
By Brian Martucci • Aug. 12, 2024 -
Lukas Schulze via Getty Images
New initiative aims to solidify carbon removal standards
The Carbon Removal Standards Initiative seeks to provide policymakers and regulators with “financially unconflicted advice” to monitor and develop standards for the industry.
By Zoya Mirza • Aug. 8, 2024 -
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Dominion says ratepayers will be insulated from PJM capacity auction impacts
Despite the PJM Interconnection’s 2025/26 capacity auction seeing record high prices, Dominion Energy has the “natural hedge” of its own generation, said CEO Bob Blue.
By Diana DiGangi • Aug. 7, 2024 -
Courtesy of Panda Power
Quantum in $3B deal to buy Cogentrix, with its 5.3 GW of gas generation, from Carlyle
Quantum says it plans to “meaningfully grow” Cogentrix, which owns power plants in New England, PJM and Texas.
By Ethan Howland • Aug. 6, 2024 -
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OpinionSenate permitting reform compromise is a win for American energy and American politics
The legislation would provide a good foundation to undo unreasonable timetables and fragmented planning processes inhibiting investments in clean energy projects.
By Paolo Mastrangelo • Aug. 5, 2024 -
Alex Potemkin via Getty Images
FERC seeks more info on Talen-Amazon nuclear interconnection pact
The federal agency also said it plans to hold a technical conference in the fall on issues related to co-locating large loads at power plants.
By Ethan Howland • Aug. 5, 2024 -
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Sponsored by TransectThe top 5 challenges EPC firms face
Discover how EPC firms can navigate risks and capitalize on the booming renewable energy sector with strategies to enhance efficiency and profitability.
Aug. 5, 2024 -
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Sponsored by Franklin EnergyElectrifying the future: How landmark legislation and strategic collaboration are shaping the energy landscape
Recent years have seen the enactment of landmark legislation aimed at addressing the pressing issue of climate change.
Aug. 5, 2024 -
Courtesy of Georgia Power
US nuclear policy gains boost fuel supplier Cameco as Q2 earnings jump 157%
The Canadian uranium producer sees long-term order growth as clean energy demand rises and U.S. nuclear operators seek alternatives to Russian supplies
By Brian Martucci • Aug. 2, 2024 -
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PJM capacity auction to lead to double-digit rate hikes for Exelon utilities: CFO
When asked about possible power plant ownership, Exelon President and CEO Calvin Butler said, “We're working with our [state utility] commissions on all types of scenarios.”
By Ethan Howland • Aug. 2, 2024
