Tag

Energy Regulation

All articles tagged with #energy regulation

business29 days ago•2 min saved

Warren Demands Transparency From PE Firms Over Data Center Investments

Sen. Elizabeth Warren, the ranking member on the Senate Banking Committee, sent letters to BlackRock, Blackstone, Brookfield Infrastructure Partners and KKR seeking detailed information on their data-center investments, including changes to financial structures and operations, as well as any overlaps with energy utilities. She asks for documentation on regulatory risk mitigation and assurances that their footprint in energy supply and demand won’t drive higher consumer costs. Respondents have declined comment or not yet replied. The move highlights mounting political scrutiny of data centers amid AI growth and rising energy prices.

via Axios|

#business #data-centers #elizabeth-warren

business8 months ago•3 min saved

Trump Administration Pushes for Faster Data Center Power Connections and Expanded Federal Control

The Trump administration's Energy Department plans to amend rules to facilitate faster connection of large energy-consuming data centers, including AI infrastructure, to the electrical grid, aiming to boost AI innovation and domestic manufacturing, amid a booming data center industry.

via Gizmodo|

#ai-infrastructure #business #data-centers

energy11 months ago•3 min saved

Debate Over Coal Plant Closures and Cost Sharing Continues

FERC approved cost recovery pathways for Consumers Energy and Constellation Energy to cover expenses incurred from DOE-mandated operations of power plants planned for retirement, affecting regions served by MISO and PJM, amidst ongoing legal and regulatory debates about fossil fuel plant retirements and emergency orders.

via Utility Dive|

#cost-allocation #doe-orders #energy

energy-regulation2 years ago•1 min saved

Michigan AG Nessel Plans Intervention in DTE's $456M Rate Hike Request

Michigan Attorney General Dana Nessel plans to intervene in DTE Energy's $456 million rate hike request, criticizing it as "absurd" and questioning the need for such a substantial increase. DTE argues the hike is necessary for grid improvements and service reliability, but Nessel's office contends that the company has failed to justify previous cost increases. The Michigan Public Service Commission will consider the request, with a history of approving lower rate increases than initially sought by utilities.

via Detroit Free Press|

#dana-nessel #dte-energy #energy-regulation

energy-regulation2 years ago•1 min saved

Michigan Attorney General Steps in as DTE Energy Seeks $450M Rate Hike

Michigan Attorney General Dana Nessel intervened in DTE Electric Company's request for a $450 million rate increase, criticizing the timing and lack of accountability. Just four months ago, DTE was approved for a $368 million rate hike, costing the average residential customer $100 or more annually. Nessel aims to prevent residents from bearing additional costs without quantifiable benefits and has also raised concerns about DTE's five-year distribution plan lacking utility accountability.

via WWMT-TV|

#dana-nessel #dte-electric-company #energy-regulation

energy-regulation2 years ago•2 min saved

"OUCC Recommends Substantial Cut in CenterPoint's Proposed Rate Increase"

The Indiana Office of Utility Consumer Counselor (OUCC) is recommending a significant reduction to CenterPoint Energy Indiana’s proposed $118.8 million (16%) base rate increase, suggesting an increase of $33.1 million (4.5%) instead. The recommendation follows testimonies from thirteen OUCC witnesses and extensive community engagement, with specific proposals to maintain customer service charges, decrease the utility’s authorized return on equity, and implement consumer protections. CenterPoint Energy's rebuttal testimony is due on Apr. 9, 2024, with a final order from the Indiana Utility Regulatory Commission expected in the fall.

via 14 News WFIE Evansville|

#centerpoint-energy #consumer-protection #energy-regulation

energy-policy2 years ago•1 min saved

"Biden Appoints Willie L. Phillips, Jr. as Full-Time Chair of FERC"

President Biden has appointed Willie L. Phillips, Jr. as the Chair of the Federal Energy Regulatory Commission (FERC), an independent agency that regulates the interstate transmission of natural gas, oil, electricity, and other energy projects. Phillips, who has served as a FERC Commissioner since November 2021 and as Acting Chair since January 2023, brings over 20 years of legal expertise in utility regulation, bulk power system reliability, and corporate governance. His appointment comes as the Biden Administration aims to address the climate crisis and achieve a clean electricity grid by 2035, with FERC playing a crucial role in advancing these goals.

via The White House|

#climate-crisis #energy-policy #energy-regulation

energy-regulation2 years ago•6 min saved

"February 2024 Commission Meeting: Sunshine Notice"

The February 2024 Commission Meeting will cover topics such as electric power sales, oil industry charges, market assessments, hydropower licensing, natural gas safety, and FERC staff reports. The meeting will also address public participation through the Office of Public Participation, providing resources on how to effectively participate in FERC events and educational materials on energy markets and projects. Additionally, the meeting will discuss enforcement matters such as investigations, audits, and compliance in the energy industry.

via Federal Energy Regulatory Commission|

#electric-transmission #energy-markets #energy-regulation