Although bolstered further by the Inflation Reduction Act (IRA) of 2022, the trend of electric vehicle manufacturing investments in the United States has been climbing for the last nine years to $188 billion.
These were the findings of a new report from the Environmental Defense Fund (EDF): “U... Read More »
PECO, the Philadelphia Electric Co., posted the lowest rate of power outages in the company’s history last year.
The results showed that 86 percent of PECO customers experienced zero or one outage in 2023. And when outages did occur, the average time to restore power was just 90 minutes.
Thi... Read More »
The offshore, 3,500 MW Kitty Hawk Wind project in the federal waters off Virginia could deliver approximately $4.8 billion in economic impact for the state, according to a new economic and fiscal impact report from Avangrid, Inc.
“Kitty Hawk Wind is a transformational opportunity for Virginia a... Read More »
On Thursday, the American Clean Power Association (ACP) reported that 2023 was a record year for clean power installations in the United States.
In its Clean Power Annual Market Report, ACP said last year saw more clean power capacity installed than in any previous year. The industry added nearl... Read More »
Credited in part to the Inflation Reduction Act of 2022, the Solar Energy Industries Association (SEIA) and Wood Mackenzie reported that, in 2023, the United States achieved record deployments of new solar electric generating capacity: 32.4 GW.
It blew the previous record set in 2021 off the map... Read More »
Florida Power & Light Company (FPL) recorded the best year in its history in 2023 for reliability.
In its annual report, filed recently with the Florida Public Service Commission, the company detailed how it delivered the best-ever performance in key industry metrics. Those metrics include the a... Read More »
For the inaugural edition of its new series, the Clean Energy Market Monitor, the International Energy Agency (IEA) recently announced that the expansion of solar PV, wind, nuclear power and electric cars tempered a massive rise of global emissions in 2023.
On paper, global energy-related CO2 em... Read More »
The White House announced on Feb. 29 that President Joe Biden intends to nominate three new commissioners to fill vacant positions at the Federal Energy Regulatory Commission (FERC): Democrats Judy Chang and David Rosner and Republican Lindsay See.
FERC currently has three members and Democratic ... Read More »
After an agreement by its current CEO Julie Sloat and the American Electric Power (AEP) Board of Directors, the company recently announced a new interim CEO and president, Benjamin Fowke III, along with a new chair of the board, Sara Martinez Tucker.
AEP added that the decision among its executiv... Read More »
As the industry shifts increasingly toward cleaner methods of power, the National Association of Regulatory Utility Commissioners (NARUC) recently released a new report contemplating the role that securitization could play in managing costs attached to early coal plant retirement.
In the year 20... Read More »