Power companies' bonds fall as FERC rejects PJM pricing reform
Bonds of power generators providing capacity to the PJM Interconnection — the largest U.S. electricity grid — drifted into the red after the Federal Energy Regulatory Commission rejected proposals from PJM seeking to address concerns that state-subsidized resources, such as renewable and nuclear generation, distort capacity market prices.
PJM says it will work quickly on capacity market fix following FERC order
The PJM Interconnection vowed to quickly get to work refining its power capacity market construct after FERC rejected two proposals from the grid operator aimed at mitigating the effects of state-subsidized energy resources on the region's capacity market.
US EPA proposes to close out good neighbor obligations for 2008 ozone rule
The U.S. Environmental Protection Agency has determined that additional emissions reductions are not needed to curb downwind transport of ozone from 20 Eastern states consistent with the 2008 standard. The agency therefore has proposed to "close out" Cross-State Air Pollution Rule obligations for those states.
Next US Supreme Court justice could bring change on energy, climate front
Justice Anthony Kennedy's pending exit from the U.S. Supreme Court could bolster efforts to rein in the power of federal agencies and curb the EPA's authority to regulate greenhouse gas emissions.
US EPA, Army Corps clarify that Clean Water Rule is slated for permanent repeal
The U.S. EPA and U.S. Army Corps of Engineers are looking for additional feedback on the legal underpinning of the Clean Water Rule. But commenters were advised that the agencies intend to "permanently repeal" the 2015 definition of the waters subject to federal regulation.
State regulators await 'air sensor revolution'
The nation's air regulators have been observing the technical innovations that have disrupted certain industries, including self-driving cars, ride-hailing apps and instant peer-to-peer money transfers. And they are wondering, metaphorically speaking: Where are our jetpacks?
Rural utilities fret over financing provision of US Senate farm bill
Rural electric utilities worry a provision in the U.S. Senate's newly passed farm bill will make repaying government loans more difficult and therefore raise costs for their consumers.
FERC to ISO-NE: Find another approach for keeping Mystic units online
FERC rejected a request by the ISO New England for tariff waivers that would have allowed it to use existing reliability must-run provisions designed to address transmission security concerns to keep two units of Exelon Corp.'s Mystic Generating Station running.
US national security officials, others urge action to save nuclear reactors
In the name of national security, a group of 75 former U.S. policymakers, national security officials and industry leaders has implored U.S. Energy Secretary Rick Perry to take immediate action to stop early closures of nuclear power plants.