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PM Dose: States amplify climate efforts; gas ban movement grows

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PM Dose: States amplify climate efforts; gas ban movement grows

Top News

2019 marked with states upping climate efforts amid federal rollbacks

New 100% clean electricity supply mandates are among the climate-friendly measures that a number of states and one territory adopted in 2019 while most of the climate-related actions taken by federal agencies and the White House during the year focused on rolling back environmental protections and efforts to address climate change.

Gas ban monitor: Mass., Calif. movements grow; pro-gas group preps $1M campaign

Several developments in December 2019 capped a wave of regulations proposed in the fall to curb the use of natural gas in residential and commercial buildings, signaling that the movement will continue to expand and the industry's response is evolving.

Worsening coal economics push German emissions to record low

Germany produced more power last year from renewables than from coal and nuclear power combined for the first time ever, as high prices for carbon emissions drove record numbers of coal plants off the grid.

Equinor lags rivals by excluding scope 3 emissions from climate goals

Equinor ASA will need to expand its climate goals to make any meaningful emissions cuts and keep pace with competitors, but doing so could take years, analysts said.

Other energy headlines

* Dominion Energy Inc. subsidiary SCANA Corp. agreed to pay $192.5 million in cash and common stock to settle a lawsuit filed by investors following the failed V.C. Summer nuclear expansion in South Carolina.

* Texas regulators have wrapped up a hearing on Sun Jupiter Holdings's plan to buy El Paso Electric Co. for $4.3 billion including net debt. The Public Utility Commission of Texas hearing follows a Dec. 17, 2019, settlement among most of the parties that included a $21 million rate credit to be paid to customers over three years.

* To help facilities critical to grid reliability manage their cybersecurity costs, ISO New England has proposed a mechanism that would let them more readily recover their cyber-compliance-related expenses.

* Pembina Pipeline Corp. raised its share of the capital cost of a planned integrated propane dehydrogenation and polypropylene plant in Alberta to C$2.7 billion to account for a newly executed lump sum contract for the plant's propane dehydrogenation facility.

* An Energy Transfer LP subsidiary priced an underwritten public offering of $4.5 billion of senior notes and $1.6 billion of preferred units to help repay debt, among other purposes.

ChartWatch

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New York, Washington, Maine, and Puerto Rico passed mandates for utilities to provide carbon-free or 100% renewable power over the next decade or two while Maryland, Nevada, and New Mexico increased their renewable portfolio standards to 50% by 2030.

Research and data

* Data Dispatch: Centrica, SSE, Ørsted outperform other European peers in December 2019

* RRA Regulatory Focus: DC regulators set groundwork for alternative forms of regulation

* RRA Regulatory Focus: Maine PUC sets hearing on settlement reached on Emera's sale of Maine utility

* RRA Financial Focus: RPS targets to drive 28,000 MW of new renewable capacity in PJM by 2030

Top pick of the day

5 key power-sector storylines to watch at US federal agencies in 2020

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