The U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued guidance on a provision of the Inflation Reduction Act focused on energy efficient home credits.
Specifically, the Inflation Reduction Act extended and enhanced the energy efficient home credit (45L) allows home bu... Read More »
In a report titled Energy Transition Outlook North America, classification organization DNV estimated that the United States and Canada will likely spend a combined $12 trillion on renewables and grid infrastructure between now and 2050.
As large a number as that is, it would help with reductions... Read More »
Pacific Gas and Electric Company (PG&E) celebrated this National Drive Electric Week by touting its progress toward a grid with at least 3 million electric vehicles supported by 2030, and the technological creations helping make it possible.
Currently, approximately 518,000 EVs run on PG&E’s g... Read More »
Avangrid struck a transfer agreement with a company called Vitol for an estimated $100 million of 2023 production tax credits (PTCs) from eight operating wind farms.
The landmark agreement marks one of the largest publicly announced deals to date since the passage of the Inflation Reduction Act (... Read More »
Ameren Missouri unveiled an updated Integrated Resource Plan (IRP) this week, laying out details of a 20-year path to reliability, affordability and resilience for the energy grid, on the path to achieving net-zero carbon emissions by 2045.
That goal will be coupled with meeting customers’ r... Read More »
U.S. Reps. Bob Latta (R-OH) and Jim Clyburn (D-SC) this week reintroduced the Nuclear Fuel Security Act, H.R. 5718, hoping to drive new investments in domestic energy production.
The bill, if enacted, would create a Nuclear Fuel Security Program under the Department of Energy to oversee increas... Read More »
Florida Power & Light Company (FPL), owned by NextEra Energy, is selling its subsidiary Florida City Gas (FCG) to Chesapeake Utilities Corporation.
The transaction is valued at $923 million, which includes $145 million of intercompany debt. The deal is expected to be completed over the next sev... Read More »
The Maine Public Utilities Commission on Tuesday signed off on a one-time increase to its Low-Income Assistance Program (LIAP).
It also approved an increase in the Federal Poverty Level (FPL) eligibility threshold for Department of Health and Human Services (DHHS) means-tested programs from 75 perc... Read More »
Unions and businesses have joined PSEG Long Island (PSEGLI) as opponents to a New York State municipal utility plan for Long Island, contending the proposal is misplaced.
“Municipalization introduces uncertainties that could undermine efforts to deliver reliable services, negatively impacting c... Read More »
According to a new U.S. Energy Storage Monitor report from Wood Mackenzie and the American Clean Power Association’s (ACP), the storage market broke a quarterly record in this year’s second quarter, adding 5,597 MW hours.
It beat out the previous record by 5 percent – a 5,109 MW hour deplo... Read More »