evcValuation actively researches and contributes to the professional valuation industry, covering a variety of topics to help current and future clients understand the value we provide
We invite you to read our blog as we post monthly updates and share valuable research, case studies and other support information to keep you informed about our professional valuation services. Our blog articles are organized in multiple categories to help you navigate to a topic and the articles that cover it.
The Regional Greenhouse Gas Initiative (“RGGI”) announced the results of the 60th auction for carbon dioxide allowances on June 9, 2023. The auction included the sale of more than 22 million allowances at a clearing price of $12.73 per allowance. The clearing price represented an increase of 1.8% compared to the 59th auction held in…
The PJM Interconnection board of managers is seeking a delay of upcoming capacity auctions, including June’s auction for the 2025/26 delivery year, so that proposed design rule changes may be implemented. “In arriving at this decision, the Board recognized that, despite the implications of auction delay, reforms are necessary to the capacity market design in…
The U.S. Nuclear Regulatory Commission certified the first small scale reactor design in the U.S. on January 20th. Created by NuScale, the design incorporates a module system that utilizes less water and is one-third the size of a traditional large-scale reactor. Each module is capable of producing 50 MW of electricity. The first module is…
LS Power has announced its plan to acquire 42 hydro facilities from Hull Street Energy. The run-of-river hydro facilities are located in 11 states and 334 MW in generating capacity. Hull Street Energy began acquiring and improving the hydroelectric plant portfolio in 2017. The acquisition is expected to close by the end of Q1 2023.…
Natural gas consumption by US electric power generators fell in 2021. The level of natural gas-fired generation declined resulting in consumption falling 3% compared to the 2020 level. The shift marks the first decline in natural gas consumption by the US power sector in over four years. According to the EIA, natural gas prices increased…
Data recently released by the EIA shows utility scale electric generator cost trends have shifted. The new data shows that costs for natural gas and onshore wind generators increased while solar decreased in 2020 compared to 2019. The shift marks the smallest gap between wind, solar, and natural gas generator costs in the US since…
Vistra Corp. has submitted its application to renew the license for the 2,460 MW Comanche Peak Nuclear Power Plant with the U.S. Nuclear Regulatory Commission (NRC). Originally licensed for 30 years, Comanche Peak began operation in 1990, with Unit 2 coming online in 1993. The 20-year license extensions would allow Comanche Peak Units 1 and…
The US Senate voted to approve the Inflation Reduction Act on August 7th. The legislation includes more than $370 billion earmarked for clean energy investment, according to the Committee for a Responsible Federal Budget. The bill is now headed to the US House of Representatives for a vote. Currently, the legislation proposes that federal tax…
The electricity generation mix in the U.S. continued to change in 2021. In addition to the growth in renewable energy, one major surprise was observed. The percentage of coal-fired generation increased for the first time since 2007. The generation mix changes were largely driven by economics. According to the EIA, electric generators realized an average…
By Clayton T. Baumann, PE, CCP, ASA | evcValuation and Christopher T. Rigo | evcValuation Click HERE to download a PDF version of this article Abstract The development of wind farms in the U.S. has exploded over the past 20 years. Federal and state level incentives, state-mandated Renewable Portfolio Standards (RPS), and property tax abatements…