Renewables

The U.S. Department of Energy (DOE) has awarded $1.1 billion to Pacific Gas and Electric Co. (PG&E) to extend the life of California’s last remaining nuclear power plant. The decision could further minimize natural gas consumption in the nation’s most populous state. PG&E’s 2.2 GW Diablo Canyon Power Plant (DCPP) in San Luis Obispo County…

Oil and natural gas investments in decarbonization so far have largely focused on curbing individual Scope 1 and 2 emissions, according to a new analysis by Deloitte. Operators “are increasingly exploring clean energy avenues,” said authors Amy Chronis, Kate Hardin and Anshu Mittal in Deloitte’s 2024 Oil & Gas Industry Outlook. “However, their direct spending…

As coal-fired power generating plants are retired in a push for utilities to reach clean energy goals, a greater reliance on natural gas for power generation could support prices over the long term, according to market analysts. Generally speaking, coal retirements are bullish for natural gas pricing, analysts said. “As coal retires, the supply of…

The United States government could request a panel process by February to settle the ongoing energy dispute with Mexico over practices that are considered to be in violation of the U.S.-Mexico-Canada-Agreement, or USMCA. This is according to Vanessa Sciarra, vice president of Trade and International Competitiveness at the American Clean Power Association (ACP), who spoke…

North American policymakers need to focus on ensuring energy adequacy along with improving coordination between the natural gas and electric power industries, according to a new analysis. In the 2023 Reliability Risk Priorities report, the North American Electric Reliability Corp.’s (NERC) Reliability Issues Steering Committee (RISC) found that a fast changing energy system has “implications…

Louisville Gas & Electric Co. (LG&E) and Kentucky Utilities Co. (KU) have filed a joint application requesting approval by the Kentucky Public Service Commission (PSC) to retire and replace three natural gas simple-cycle combustion turbines and four coal-fired electric generating units.  Under the proposal, the utilities would replace the retired facilities with two natural gas…

Liberty Energy Inc. President Ron Gusek does not shy away from the reality of climate change. He is convinced the planet is warming and sea levels are rising. Still, these are not overwhelming problems that necessitate bans on natural gas and other fossil fuels. In fact, Gusek said, a diverse array of energy sources is…

Industry and government experts said to ensure New England has the energy resources available to ensure reliability in the winter, more natural gas infrastructure and transmission for renewables must be built.  During the Federal Energy Regulatory Commission’s second New England Winter Gas-Electric Forum earlier this week, half of the discussions centered around the potential closure…

The Renewable E Index, under the ticker Renew-MX, made history in April, becoming the first-ever index on the Mexican Stock Exchange to measure companies’ transition to cleaner fuel use. María Valencia, President of the Validation Committee for the Renewable E Index, spoke with NGI Mexico’s GPI about the index, how it applies to natural gas…