The parent company of renewable generator Avangrid has offered to buy PNM Resources, broadening its footprint from Texas to New Mexico. (Note: One of CBEY's team members has provided consulting services to Avangrid.)
A study by Texas Advanced Energy Business Alliance identified two ways distributed energy resources can reduce costs: act as non-wires alternatives to avoid investment in tranmission and distribution ($2.45 billion over ten years), and decrease peak energy costs in the wholesale market which is worth $3.01 billion.
Last week as Texas’ ERCOT grid reached its price cap of $9,000 per megawatt-hour and the price map on ERCOT’s website became a solid and deep red, many energy market wonks highlighted that this is a feature, not a failure, of the market.
Nevada lawmakers on May 23 passed legislation to modernize how electric utility rates are set, directing the Public Utilities Commission to develop regulations enabling a performance-based regime.
In January 2019, the District of Columbia passed the most ambitious clean energy legislation in the nation. However, local climate activists say the hard work is just beginning — they want to know who will lead the DC
and whether the law will benefit the least-privileged residents of the District.
The industry may be getting some traction to fight municipal restrictions after the Texas Senate passed a bill that would prevent cities from placing restrictions on solar panels.
Nevada joined a growing number of states that are increasing their mandated renewables generation targets and aiming for more ambitious long term goals.
