60th RGGI auction clears

60th RGGI auction clears

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...
PJM seeks to delay power capacity auctions

PJM seeks to delay power capacity auctions

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,...
First Small Modular Reactor Design Certified

First Small Modular Reactor Design Certified

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...
LS Power to acquire 334 MW hydro portfolio

LS Power to acquire 334 MW hydro portfolio

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...
Natural Gas Consumption by US Power Generators Declines

Natural Gas Consumption by US Power Generators Declines

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...
US Electric Generator Construction Cost Trends Shift

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...