electricity

Mexico is at a pivotal moment as it gears up for an election next year amid a global rearrangement of supply chains. Ensuring reliable and affordable energy is key to the nation’s success and proposed LNG exports plans, but requires more progress, said participants at the Mexico Gas Summit in San Antonio, TX last week.…

The power grid operator for New England, where natural gas makes up the majority of the energy resources, said there are adequate resources to meet the region’s electricity demands this summer under typical weather conditions. However, tight supply margins are possible if temperatures are hotter than expected. ISO New England Inc. (ISO NE) oversees the…

Elliott Investment Management LP is calling on Houston-based utility giant NRG Energy Inc. to upend its strategy because of “operational and strategic mishaps.” The activist investor, which said it has spent $1 billion to secure a 13% stake, sent a letter on Monday to NRG’s board specifically criticizing a $2.8 billion deal to buy home…

Mexico’s energy regulator Comision Reguladora de Energia (CRE) needs to do a better job in providing a level playing field and improving sector oversight, Enix SC founder Alvaro Efraín Téllez Rangel, who runs the consultancy firm in Mexico City, told NGI’s Mexico’s GPI. Mexico’s CRE must “demonstrate certainty” and make decisions based on “the current…

A trio of U.S. trade organizations led by the American Petroleum Institute (API) is again calling on the Biden administration to engage forcefully with Mexico over the latter’s energy policies, which the groups say give preferential treatment to Mexico’s state-owned producers of hydrocarbons and electricity. In a letter to U.S. Trade Representative Katherine Tai, API…

New Jersey is joining other states by setting a 2035 goal of 100% clean energy by ending the sale of gasoline-powered vehicles and switching to electric heating for buildings.   “We’ve turned our vision for a greener tomorrow into a responsible and actionable roadmap to guide us, and it’s through that pragmatic, evidence-based approach that we…

Gov. Tim Walz of Minnesota’s Democratic-Farmer-Labor Party has signed into law clean energy goals that target a carbon-free electricity grid by 2040.  State House File 7 (HF7) amended Minnesota’s Renewable Energy Standard statute. It added a target for electric utilities, generation and transmission cooperatives, and municipal power agencies to generate or procure by 2035 at…

Commonwealth Edison Co. (ComEd) has filed to raise monthly electricity rates by about $4.25 for the average monthly residential electricity bill annually from 2024-2027 as it strengthens the grid and prepares for increased electrification.  The Chicago-based Exelon Corp. subsidiary noted that its electricity utility customers currently see an average bill of $93/month, about 20% lower…

U.S. electricity consumption is forecast to decline this year and only marginally increase in 2024, but natural gas consumption gains may be seen amid rising industrial demand. Regulatory action also could be stymied, according to industry advocates. The American Gas Association (AGA) pointed out the positives on Thursday. Incoming Chair Suzanne Sitherwood, who is CEO…