Federal regulators last week determined that electric utilities could recover cybersecurity investments when designing rate structures, but disregarded calls to extend the favor to natural gas pipelines. The FERC ruling stems from the Infrastructure Investment and Jobs Act’s (IIJA) direction for federal agencies to secure energy infrastructure against all physical and cyber threats (No. RM22-19-000). …
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Exelon Splits Off Constellation as Standalone Natural Gas, Renewables Generation Business
Exelon Corp. said it completed the spin-off of Constellation Energy Corp., a natural gas supplier whose fleet powers more than 20 million homes and businesses. The Chicago-based company’s transmission and distribution utility business would continue under the Exelon name, and trade on the Nasdaq under the ticker “EXC.” It is the nation’s largest utility company,…
February 4, 2022
Mexico Energy Reform Could Spark Legal Controversies, Deloitte Energy Head Says
The energy law proposal “opens a delicate door because, in the future, the Mexican government could face claims of direct or indirect expropriation of investments, which could mean the state has to compensate for certain damages,” Valeria Vázquez, Energy and Resources Industry leader at Deloitte in Mexico and Central America, told NGI’s Mexico GPI. “To…
October 22, 2021
Sweeping Infrastructure Bill Goes Big on Energy Transition, Leaves Natural Gas Wanting
The $1 trillion infrastructure bill passed by the U.S. Senate Tuesday with bipartisan support includes a big boost in spending on renewable energy, the power grid and programs to broadly promote lower greenhouse gas emissions to slow climate change. The massive bill contains more than $550 billion in new spending. About $110 billion of that…
August 11, 2021
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