PSEG to Return to Regulation, Will Divest 6.7-GW Fossil, Solar Fleet

Credit to Author: Sonal Patel| Date: Thu, 06 Aug 2020 13:03:44 +0000

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Public Service Enterprise Group (PSEG), New Jersey’s giant utility, has become the latest major U.S. power company to seek an exit from the competitive generation business.  In a statement attached to the company’s second-quarter 2020 earnings results released on July 31, Ralph Izzo, PSEG chairman, president, and CEO, said the company is “exploring strategic alternatives” […]

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FERC Finalizes PURPA Rule Reforms

Credit to Author: Sonal Patel| Date: Thu, 16 Jul 2020 20:39:56 +0000

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The Federal Energy Regulatory Commission (FERC) finalized a long-awaited rule revising regulations that govern qualifying small power producers and cogenerators under the Public Utility Regulatory Policies Act of 1978 (PURPA). While FERC said the rule was necessary to respond to significant market changes, the action drew mixed reactions from industry.  FERC’s final rule issued on […]

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The Evolution of Power Business Models

Credit to Author: Sonal Patel| Date: Wed, 01 Jul 2020 04:10:00 +0000

The post The Evolution of Power Business Models appeared first on POWER Magazine.

Traditional models have been upended by recent disruptions, including decarbonization, decentralization, and even the COVID pandemic, but new ones are replacing them that focus on customer preference

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Renewables Provide 100% New US Electricity Capacity In April, Oil Companies Shedding Jobs, Investment Community Remains Oblivious

Credit to Author: Steve Hanley| Date: Tue, 09 Jun 2020 21:16:38 +0000

The Federal Energy Regulatory Commission’s Energy Infrastructure Update for April is out, and it shows that all new electricity generation capacity in the US in April came from renewable sources. Despite the switch to clean power, many members of the boards of directors at the 20 largest banks have ties to high-emission industries.

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Renewables Provide All New US Electricity Capacity In April, Oil Companies Shedding Jobs, But Investment Community Remains Oblivious

Credit to Author: Steve Hanley| Date: Tue, 09 Jun 2020 21:16:38 +0000

Enel Green Power wind farmFERC says the only new electrical generation in the US in April came from renewables. Despite the switch to clean power, many members of the boards of directors at the 20 largest banks have ties to high emission industries.

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Trump Expands Regulatory Rollback, Including for Power, Amid Economic Fallout

Credit to Author: Sonal Patel| Date: Thu, 21 May 2020 14:16:38 +0000

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Clean Power Plan

President Trump in a new executive order (EO) has directed federal agencies to rescind, modify, waive, or provide exemptions from regulatory requirements that may inhibit economic recovery.  The Executive Order on Regulatory Relief to Support Economic Recovery, issued May 19, is sweeping and extends beyond the administration’s previous efforts to scale down regulatory mandates—including the […]

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FERC Plans Discussion of COVID-19 Impacts

Credit to Author: Darrell Proctor| Date: Mon, 11 May 2020 16:19:40 +0000

The post FERC Plans Discussion of COVID-19 Impacts appeared first on POWER Magazine.

coronavirus-covid-19

The Federal Energy Regulatory Commission (FERC) is planning a technical conference this summer that would look at long-term impacts of the coronavirus pandemic on the energy industry. The discussion would look at how the industry should approach investments and infrastructure development should the trend of lessening demand for electricity, and oil and gas, continue. Industry […]

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Trump Ban on Foreign Bulk Power Equipment Triggers New Uncertainty

Credit to Author: Sonal Patel| Date: Thu, 07 May 2020 12:00:17 +0000

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Declaring a national emergency over threats to the U.S. bulk power system (BPS), President Trump in an executive order (EO) on May 1 issued a sweeping ban on transactions by U.S. persons for electric equipment sourced abroad if the U.S. government determines they pose undue security risks. Because foreign adversaries are “increasingly creating and exploiting […]

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