“It is difficult to overstate the significance of today’s announcement for the clean energy market,” said American Council on Renewable Energy President and CEO Ray Long.
Prices for Ameren Missouri and Columbia, Missouri’s municipal utility jumped to nearly $720/MW-day for the upcoming fall and spring seasons due to expected power supply shortages.
FERC is set to issue new rules for transmission planning and cost allocation at a special open meeting on May 13. “America cannot wait for us to issue these rules,” Chairman Willie Phillips said.
Grid officials say a request for proposals for demand resources would lean on “lessons learned” from a canceled October RFP for 3 GW of winter capacity.
The sector will achieve “liftoff” when “it is actively contributing to decarbonization targets, with a sustained project pipeline and regular deployment,” the Energy Department said.
The companies left open the possibility to expand their partnership to up to 60 organic-waste-to-RNG facilities. The first three facilities will be built on farms in Wisconsin and Virginia.
If finalized, the proposed rule would apply to any future fission reactor application and could reduce environmental review costs by up to 45%, Nuclear Regulatory Commission staff found.
Four clean energy groups warned the petition would create market uncertainty and pose a threat to the domestic solar supply chain.
In addition, the Energy Department has tentatively agreed to provide up to $331 million to an LS Power transmission project that could help create a new transmission pathway in the West and deliver wind from Idaho to California.
New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.
Electric utilities called the power plant rules “disappointing” and “unlawful” and say the rules will create reliability and affordability challenges.
Between the FPL solar and storage buildout and other projects, NextEra could operate more than 100 GW of generation capacity by the end of 2026, CEO John Ketchum said Tuesday.