Read the article in Utility Dive here.
Author: Utility Dive
Post
Nuclear industry to Congress: Preserve these 4 IRA tax credits
The future of key Inflation Reduction Act tax incentives and grant programs hangs in the balance as House and Senate Republicans look to mitigate the expected $4.5 trillion cost of extending individual and business tax cuts passed during the first Trump term. No Congressional Republicans voted for the Inflation Reduction Act in 2022, when Democrats controlled the...
Post
New Jersey BPU eyes potential for new nuclear
The New Jersey Board of Public Utilities on Tuesday issued a request for information to explore whether new nuclear power plants could advance the state’s goals on electricity affordability, resource adequacy and clean energy. The RFI comes as modeling for New Jersey’s upcoming Energy Master Plan indicates New Jersey will need up to 10 GW of clean, firm capacity...
Post
PJM fast-tracks 11.8 GW, mainly gas, to bolster power supplies
The PJM Interconnection on Friday said it selected 51 projects to join a fast-track interconnection review process as part of a broad effort to ensure the grid operator has adequate supplies to meet its needs. PJM has been warning that it faces looming power supply shortfalls as its supply isn’t keeping up with demand. That dynamic was...
Post
Texas House bill would create state nuclear office, funding program
The Electric Reliability Council of Texas added 43 GW to its five-year load growth forecast last year, or more than one-third of an expected 128 GW of U.S. load growth through 2029, Grid Strategies said in December. New data centers (18 GW), cryptocurrency mines (6 GW), hydrogen production (5.8 GW), other industrial facilities (5.7 GW) and oil...
Post
US electricity demand will grow 50% by 2050, electrical manufacturer study finds
Driven by data centers and transportation electrification, U.S. electricity demand will increase 2% annually and 50% by 2050, the National Electrical Manufacturers Association said in a study published Monday. Improvements to energy efficiency will mute some potential demand gains, leaving the electrical manufacturing group’s projections “somewhere in the middle” compared with other recent studies, NEMA President and CEO Debra...
Post
EPA aims to roll back power sector regulations in broad deregulatory push
The Environmental Protect Agency on Wednesday said it would begin a sweeping rollback of environmental regulations, including air, water and waste rules that affect the power sector. “Today is the greatest day of deregulation our nation has seen,” EPA Administrator Lee Zeldin said in a press release. “We are driving a dagger straight into the heart...
Post
PJM board approves $6.7B transmission expansion plan
The PJM Interconnection board approved $5.9 billion in new transmission projects to bolster reliability across the grid operator’s footprint, PJM said Wednesday. That, combined with changes to the scope and cost of existing projects, mean PJM’s latest Regional Transmission Expansion Plan is set to cost $6.7 billion, according to the grid operator for 13 mid-Atlantic and Midwestern states...
Post
DOE to focus on expanding baseload generation: Secretary Wright
The U.S. Department of Energy will focus on growing baseload and dispatchable generation to meet growing electricity demand, DOE Secretary Chris Wright said Wednesday in an order outlining the department’s priorities under the Trump administration. “We must … permit and build energy infrastructure and remove barriers to progress, including federal policies that make it too easy to stop...
Post
Clean energy stakeholders descend on Capitol to lobby for IRA tax credits
President Donald Trump issued an executive order to freeze IRA funding soon after he took office, and is expected to urge the Republican-controlled Congress to make cuts to the legislation as lawmakers approach their March 14 shutdown deadline. Since Trump’s election, the clean energy industry has been pushing for the president to consider the IRA’s private...
