Natural Gas
The Department of Energy approved a five-year term for New Fortress Energy’s Fast LNG 1 project to export gas produced in the U.S. to countries without free trade agreements.
The Massachusetts Department of Public Utilities approved grid modernization plans from electric distribution companies to handle increasing electrification and the deployment of distributed resources.
The Tennessee Valley Authority is insisting its second rate increase in two years is necessary to build new generation despite the Southern Alliance for Clean Energy condemning the latest hike as clandestine and used to support fossil fuel investments.
Consumers and electric distributors in PJM opposed a proposal to revise two financial parameters used to calculate the cost of new entry input to the 2027/28 Base Residual Auction.
PJM has decided not to refile several components of its proposed capacity market redesign that was rejected by FERC in February.
A lower court found Duke was just competing for business, but the appeals panel of three judges has open questions on whether market power was abused.
Generation owners say the increase in PJM capacity prices is the signal they need to invest in new development, while consumer advocates say the backlogged interconnection queue could limit the ability for market participants to react.
PPL reported GAAP earnings of $190 million for the second quarter and executives focused on changing market dynamics in PJM during a teleconference with analysts.
WEC Energy Group’s second-quarter earnings call zeroed in on the new natural gas and solar generation the company plans to bolster Wisconsin’s economic resurgence.
The D.C. Circuit Court of Appeals vacated and remanded an order by FERC approving a natural gas pipeline in New Jersey that state regulators said was unneeded.
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