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US Electric Generator Construction Cost Trends Shift
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 Seeks to Extend Comanche Peak Nuclear License
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 […]
New Legislation Set to Impact Renewables
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 […]
U.S. Electricity Generation Mix Changes
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 […]
Wind Farm Valuation Update: A Deeper Dive into the Income Approach for Ad Valorem Taxation
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 are some of the factors that have helped fuel this significant growth.
Renewable energy transition study released by PJM
PJM Interconnection released the initial results of its energy transition study. The study identifies the impact renewable energy has on market design, transmission planning, and grid reliability. The multiyear study is one of multiple being undertaken by PJM. Five focus areas were identified using the PJM strategic pillars of decarbonization efforts, future grid planning, and […]
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