Las Vegas-based NV Energy's request to participate in the expanded Energy Imbalance Market (EIM), which automatically optimizes resources across a wide geographic region and, in turn, reduces energy costs, has been approved by the Public Utilities Commission of Nevada.
NextEra Energy Resources, a subsidiary of NextEra Energy, is offsetting the environmental impacts of the electricity used at CitiField for the next three years in an effort to keep the open-air stadium's sustainability initiatives at the fore.
As a result of energy-efficiency projects completed by the New York Power Authority (NYPA) at 100 state and municipal facilities in the first half of 2014, New York State taxpayers will save $4 million annually and reduce greenhouse gas emissions by nearly 14,650 tons a year-- the equivalent of removing more than 3,000 vehicles from the road.
In response to the large number of requests for more time, we are pleased to announce that we have extended the entry period for the Fierce Innovation Awards: Energy Edition by one week. Applications will now be accepted through midnight, ET this Friday, August 29.
The new recommendations call for immediate action by utilities to defer or eliminate costly and inefficient investment in conventional generation or transmission upgrades. Instead, they must invest in renewable energy and energy-efficiency resources as a way to drive New York's energy infrastructure into the 21st century.
Dynegy will buy Duke Energy's non-regulated Midwest commercial generation business in a $2.8 billion cash transaction, which includes ownership interests in numerous power plants and the company's competitive retail business in Ohio. As a result, in the third quarter Duke Energy will recognize an approximately $500 million pre-tax reversal of the $1.4 billion impairment previously recognized in 2014.
Building on five previous sales held under the Obama Administration's Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five-Year Program), which have offered more than 60 million acres for development, and garnered $2.3 billion in bid revenues, the Bureau of Ocean Energy Management (BOEM) has auctioned 21.6 million acres in its Western Gulf of Mexico Lease Sale 238.
Duke Energy is again in the spotlight after approximately 5,000 gallons of fuel oil at the W.C. Beckjord Station, was spilled into the Ohio River about 20 miles southeast of Cincinnati. The oil spill comes just six months after a spill of more than 30,000 tons of coal ash and 27 million gallons of contaminated water at the Duke Energy Cape Fear plant into the Dan River in North Carolina.
The Bureau of Ocean Energy Management (BOEM) has issued an Advanced Notice of Proposed Rulemaking (ANPR) on Risk Management, Financial Assurance, and Loss Prevention as it considers modernizing its risk management program and bonding regulations for offshore oil and gas operations on the Outer Continental Shelf.
Austin Energy has proposed to lower its increase to the average monthly residential bill from 4.4 percent to 2.6 percent to stay below a systemwide affordability goal, increasing an average 1,000 kWh monthly bill by $2.72. Earlier this summer, Austin Energy proposed increasing the bill by $4.67.