The Federal Energy Regulatory Commission on Friday approved a cost allocation framework for transmission projects sought by the Midcontinent Independent System Operator but built in the PJM Interconnection’s footprint. Under the approved framework, Exelon’s Commonwealth Edison is set to build one group of projects totaling about $904 million and Duke Ohio is slated to build...
One of Texas’ top grid officials warned Friday that the western part of the state could see rolling blackouts within five years if more transmission lines aren’t built. Woody Rickerson, chief operating officer of the Electric Reliability Council of Texas, or ERCOT, told the Public Utility Commission on Friday that all their demand forecast scenarios...
Oil prices were little changed Friday after the U.S. said its naval blockade of Iranian ports could continue “indefinitely,” reigniting concerns over energy flows through the critical Strait of Hormuz. Brent futures, the international benchmark, lost 5 cents to $87.02 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were 1 cent lower at...
The Trump administration said Wednesday it would cancel three proposed federal corridors designed to speed the development of multi-state electric transmission lines that were selected during the Biden administration. The decision lands as the Trump administration battles broader affordability concerns ahead of the November midterm election amid rising electricity prices and growing energy demand. Read...
A June geothermal lease sale held in New Mexico by the Bureau of Land Management netted more than $16.5 million, making it the second-highest-grossing sale in BLM history, while the top bid set a federal record of $701 per acre. Forty-seven parcels sold at an average of $107 per acre, more than triple the $32...
The risks posed by this concentration are worth taking seriously. The problem is that these tools may force taxpayers to take on unnecessary risk—leaving them stuck with the bill if the companies fail—without addressing the underlying problem.
The need to reduce fire risk is apparent, and we know how to do so through active forest management. Yet policy continues to slow those efforts down and that urgently needs to change.
Dominion Energy will need to change its transmission cost allocation policy to directly assign the cost of certain transmission infrastructure to the new large-load facilities — such as data centers — which made that infrastructure necessary, the Virginia State Corporation Commission said in an order filed July 31. The mandatory contribution in aid of construction,...
The Department of Energy’s recent National Transmission Needs Study identifies several of these cases, where regions’ electricity costs would decline substantially if they were connected by a high-capacity transmission line. Providing these benefits to consumers, however, requires confronting not just the incentives that discourage utilities from building interregional lines, but the state laws that let incumbent monopolies control who builds them.
By rescinding the expansive regulatory definition of “harm” under the Endangered Species Act and returning to Justice Scalia’s narrower textual reading that limits “take” to direct actions against individual animals, federal agencies have struck a blow for property rights, reduced unnecessary land-use controls, and restored freer market incentives.
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