In a significant move aimed at securing grid reliability, Talen Energy has reached an agreement with PJM Interconnection, the Maryland Public Service Commission, Maryland electric utilities, consumer representatives, and the Sierra Club. The agreement will extend the operations of the 1.3-GW
PJM Interconnection, the largest regional transmission organization (RTO) in the United States, is facing significant challenges in its capacity market. Recently, PJM agreed to lower its auction price cap to $325/MW-day from over $500/MW-day following a lawsuit filed by Pennsylvania Governor Josh
The Ivanpah Solar Electric Generating Facility, once heralded as a groundbreaking endeavor in renewable energy, now faces a partial closure due to Pacific Gas and Electric's (PG&E) decision to terminate two of its power purchase agreements (PPAs) with the facility. This development prompts a
Investing in nuclear energy infrastructure presents a multifaceted landscape of economic benefits and challenges. Jack Shaw's thorough evaluation highlights the potential for substantial economic rewards, including job creation, high tax revenue, market diversity, and niche applications. Despite
American Electric Power (AEP) has recently announced its decision to sell a 19.9% equity interest in AEP Ohio Transmission Company (OHTCo) and AEP Indiana Michigan Transmission Company (IMTCo) to a consortium comprising KKR and Canada’s Public Sector Pension Investment Board (PSP) for $2.82
The state of Texas has taken a considerable step in promoting sustainable transportation by being awarded $39.7 million to enhance its electric vehicle (EV) charging and refueling infrastructure. This initiative not only underscores the state's commitment to reducing carbon emissions but also
