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.
Renewables, storage and energy efficiency may get a stronger foothold in Mississippi after utility regulators last week took an unprecedented move to create a formal long-term energy planning process for the electric companies they regulate.
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.
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.
A proposal making its way through the Iowa legislature would impose new monthly fees on homes and businesses that own solar power systems, adding years to the payoff period before customers' utility-bill savings would cover the cost of adding solar.
