Tuesday, May 07, 2024
Daily Energy Insider
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AEP issues 2024 corporate sustainability report
American Electric Power (AEP) released its 2024 Corporate Sustainability Report, which documents its sustainable business practices, strategy, performance and impact. The theme of the annual report is “Our Journey Forward," which examines AEP’s sustainable growth strategy and its focus on en... Read More »
Electric Power Research Institute names three Exelon-led teams for Technology Transfer Awards
Three project teams led by Exelon engineers recently earned honors from the Electric Power Research Institute’s (EPRI) 2024 Technology Transfer Awards for work related to accelerating the adoption of sustainable energy solutions. “Exelon’s award recipients have not only embraced EPRI’s fo... Read More »
Biden Administration provides guidance on Qualifying Advanced Energy Project Tax Credit
The Department of Energy (DOE), along with U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued guidance this week on a tax credit to drive investment in energy communities. The Qualifying Advanced Energy Project Tax Credit is a key provision in the Inflation Reduction Act.... Read More »LATEST NEWS
Florida Power & Light to cut fuel charges, reducing overall rates
For the second month running, Florida Power & Light Company (FPL) will reduce customer rates, thanks to approved cuts to fuel charges. While there are variations between typical customers in peninsular vs. northwest Florida, all should, as a result, see bills $14 lower in May than they were in March. At this point, that means the average 1,000 kW hour residential bill in northwest Florida will be the lowest in nearly five years. In addition to this month’s fuel cost reduction, this followe... Read More »
New study from National Grid probes energy planning, non-pipeline alternatives
A new study by National Grid and RMI seeks to better understand how integrated energy planning (IEP) and non-pipeline alternatives (NPAs) are most effectively implemented. Integrated energy planning (IEP) and non-pipeline alternatives (NPAs) are solutions that utilities and regulators are deploying for a future less reliant on fossil gas and more dependent on clean energy resources. For this study, National Grid and RMI analyzed nine NPA case studies from the United States and Europe to be... Read More »
PJM predicts adequate resources to meet hotter, wetter summer demand
Valley Forge, Pa.-based PJM Interconnection said Thursday it anticipates having enough resources to meet electricity demand for what weather forecasters say will be a hotter and wetter summer. In a release, the operator of the nation’s largest electrical grid said despite generator retirements outpacing new generators coming online coinciding with increased consumer electricity demand, the company predicted it would have adequate resources to meet peak-usage. "We plan throughout the ye... Read More »
U.S. Department of Energy selects Mon Power for potential reward of $5M reliability project grant
Mon Energy of West Virginia will begin award negotiations with the United States Department of Energy (DOE) in coming days after being selected for up to $5 million in federal funding to boost electric reliability for its rural customers. More than 3,000 customers in four counties stand to gain from the arrangement, which was awarded as part of the Energy Improvements in Rural or Remote Areas (ERA) program established by the Bipartisan Infrastructure Law. Specifically, that funding would go ... Read More »
South Carolina legislation will help Duke Energy Progress customers save money
Innovative legislation will help Duke Energy Progress customers in South Carolina save $35 million in repair costs from a series of historic storms from 2014 through 2022. Legislation passed in 2022 gives the Public Service Commission of South Carolina (PSCSC) the authority to approve the securitization of storm costs through issuing bonds if a proposed plan submitted by a utility would result in lower overall costs for customers. In 2023, the PSCSC approved the company’s securitization pl... Read More »
Appalachian Power, Wheeling Power file cost recovery submissions for West Virginia
Looking to recover costs associated with increased fuel and vegetation management expenditures, Appalachian Power and Wheeling Power recently submitted new Expanded Net Energy Cost (ENEC) and Vegetation Management Program (VMP) filings with the Public Service Commission of West Virginia (PSC). "While the company has taken steps to minimize increases in our customer rates, we understand any increase can be a challenge," Aaron Walker, president and COO of Appalachian Power, said. "These adjustm... Read More »
Hawaiian Electric launches online siting tool for electric vehicle charging stations
As a way to aid the deployment of electric vehicle charging stations, Hawaiian Electric this week released the online Electric Vehicle Charger Siting Tool – a color-coded map detailing available capacity across the Hawaiian grid. Meant for EV service providers, fleet operators and government agencies alike, the tool takes things down to a circuit level, so organizations can consider what they have to work with and where. Potential charger sites are accessible by cursor, or by entering cert... Read More »
Louisville Gas and Electric and Kentucky Utilities issue RFP for solar, wind and hydro
Louisville Gas and Electric Company (LG&E) and Kentucky Utilities (KU) issued a Request for Proposals (RFP) for new solar, wind, and hydroelectric projects that will begin in 2026. Proposals must provide at least 75 megawatts of energy. They can also include bids for purchasing power, purchasing new or existing renewable power generating facilities, and build-transfer transactions. The proposals also represent energy supplies that would be in addition to LG&E and KU’s generation ... Read More »
South Cheyenne Solar Facility
Southern Power brings Wyoming’s first solar facility online
Wyoming gained its first solar facility this week, and Southern Power its 30th, with the beginning of operations at the 150 MW South Cheyenne Solar Facility in Laramie County. While Southern Power’s portfolio stretches from coast to coast, this facility marked a new foray for it on the West Coast, made possible by the site’s acquisition from Qcells USA Corp. in September 2023. At that time, Qcells provided Southern with a full renewable value chain and turnkey services on the project and ... Read More »
