HEI, Hawaiian Electric to pay $2B in pending Maui wildfire settlement

The proposed agreement will provide Hawaiian Electric Industries and its utility subsidiary with financial certainty, Scott Seu, HEI president and CEO, said.

Xcel Energy draws 6.7 GW of data center requests, including from Meta and Microsoft

The company will likely need to build new generation assets and transmission in order to supply these requests, CEO Bob Frenzel said during a Thursday earnings call.

Senate 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.

Window to repeal SEC climate disclosure rule closes

While Republicans failed to repeal the rule through the Congressional Review Act, it is still being targeted by policy riders in the appropriations process.

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.”

FERC calls SPP Western market proposal ‘deficient,’ requests more info

Southwest Power Pool is developing a response to questions about its Western day-ahead electricity market, including rules around transmission capacity availability and resource aggregations.

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

USTR to decide soon on proposed tariff hikes for Chinese solar cells, EVs, other items

The White House’s rationale for increasing tariffs is to make the U.S. more competitive in the clean energy and technology sectors, a major focus during the Biden administration.

$36M for low-income housing energy efficiency available from US DOE grants

Local governments and other entities can get up to $2 million each for weatherization and workforce training efforts.

AEP data center and other commercial sales soar 12.4% in Q2

American Electric Power’s peak load could jump 43% by the end of this decade, to 50 GW, based on current data center commitments, according to the company.

FirstEnergy seeks alternatives to PJM capacity market to bolster power supply

“I'd call yesterday's [PJM auction results] the canary in the coal mine, and the canary didn't make it,” Brian Tierney, FirstEnergy president and CEO, said.

New York could see electricity demand grow 90% by 2042: ISO

Long-duration batteries, small modular nuclear reactors, hydrogen and fuel cells may be needed to replace 25 GW of fossil generation by 2040.

IRA tax credit transfer transactions could reach $25B this year, says Crux

Total transfer activity in 2023 was as much as $9 billion while activity in just the first half of 2024 totaled between $9 billion and $11 billion, a report from Crux estimates.

Illinois can replace fossil plants with storage, capacity from queues: NRDC

A study published Thursday by the Natural Resources Defense Council was developed in response to a PJM report saying that Illinois needs $700 million in transmission to replace 11.6 GW of fossil-fueled capacity.

Clean energy tax credits are tough. This new tool could help.

The free online navigator from Lawyers for Good Government can help cities determine if a project qualifies for Inflation Reduction Act direct-pay incentives.

Why energy-transition innovators need a sound patent strategy — and how to build one

Identifying existing IP early in the innovation process helps companies evaluate the viability of their project. It also affords them greater leverage to negotiate potential licenses, agreements and business collaborations.

PJM capacity prices hit record highs, sending build signal to generators

Consumers across the PJM Interconnection footprint will pay $14.7 billion for capacity in the 2025/26 delivery year, up from $2.2 billion in the last auction.

Texas weighs clawing back $800M CenterPoint spent on unused generation

Hurricane Beryl impacts could contribute to a 2% rise in customer bills for 15 years, the utility said Tuesday.

Dominion miss on Virginia efficiency target could impact gas peaker approval

The Virginia Clean Economy Act set Dominion energy savings targets through 2025. “It seems very probable they won’t hit any of the targets,” said Nate Benforado, senior attorney at the Southern Environmental Law Center.

DC Circuit vacates FERC approval of $950M Williams pipeline project

The agency failed to adequately explain why it dismissed studies showing that the Mid-Atlantic project wasn’t needed or why it didn’t assess the significance of its carbon emissions, the court said.

BOEM ‘confident’ in Gulf of Mexico offshore wind despite canceling lease auction

GNOwind Alliance members believe that this auction came down the pike way too quickly, said Cameron Poole, an energy and innovation associate at economic development agency Greater New Orleans.

Excelsior Energy Capital to install 2.2 GWh of Fluence Energy batteries

Beginning in 2025, Fluence will supply Excelsior Energy Capital with U.S.-made Gridstack Pro batteries expected to qualify for the IRA’s 10% domestic content bonus.

55 miles of high-voltage transmission lines added in 2023 as US buildout slows: report

Despite the slowdown, utilities spent more than $25 billion on transmission last year, mainly on lower-voltage projects, up from about $20 billion in 2013, according to Grid Strategies.

Limited accountability, technology hurdles inhibit VPP adoption: Uplight panel

Despite significant technical and program design challenges, virtual power plants can significantly reduce future generation and transmission investments, participants said.

New York incorporates lithium-ion battery safety into draft fire code update

The proposed changes incorporate recommendations from a state working group convened by Gov. Kathy Hochul, D, last year after a spate of grid-scale battery fires.