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May 9, 2024

Offshore Wind

NERC
Counterflow: Hair (and Pants) on Fire

The Washington Post’s warning that “America is running out of power” lacks context and distracts us from the real work at hand, says columnist Steve Huntoon.

Shutterstock
NJ Legislators Consider $300M for Grid Upgrades
New Jersey's grid upgrade bill would require each of the state’s four electric utilities to develop and implement a plan to modernize the electric transmission and distribution system.
© RTO Insider LLC
NECA Renewables Conference Highlights Transmission Challenges
Transmission limits remain a major barrier to scaling up wind and solar energy to meet state decarbonization goals, speakers at the NECA’s Renewable Energy Conference said.
AEU
AEU Grades ISO/RTO Queues as Order 2023 is Implemented
Advanced Energy United has released a scorecard that ranks the seven domestic ISO/RTOs on their generator interconnection processes, finding room for improvement in every one.
Dominion Energy
Dominion Sells 50% of Coastal Virginia Offshore Wind to Stonepeak
Dominion Energy reported earnings of $2 billion in 2023 and announced that it has closed on an equity partner for its Coastal Virginia Offshore Wind project. 
EIA
Fossil Retirements to Slow Briefly as Solar and Storage Proliferate
The U.S. Energy Information Administration reports that fossil fuel generation retirements will slow in 2024 and that solar and storage will dominate capacity additions. 
© RTO Insider LLC
FERC Approves Rate Incentives for NJ OSW Transmission
FERC approved four rate incentives to Mid-Atlantic Offshore Development to serve offshore wind in New Jersey under the State Agreement Approach with PJM. 
NYISO
NYISO Operating Committee Briefs: Feb. 15, 2024
NYISO’s Operating Committee voted to approve the results from the Expedited Deliverability Study (EDS) 2023-01 report that included 16 projects, two of which were found to be undeliverable.
South Fork Wind
Eversource Finds OSW Buyer, Takes $1.95B Hit for 2023
Eversource finalized its long-running attempt to sell off its offshore wind assets, but not soon enough to avoid a $1.95 billion impairment for 2023.
NJ BPU
NJ Opens 2nd State Agreement Approach to Connect OSW with PJM
The New Jersey Board of Public Utilities has initiated a second state agreement approach with PJM to plan the transmission necessary to meet Gov. Phil Murphy's goal of installing 11 GW of offshore wind by 2040.

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