January 27, 2025

Generation & Fuels

Office of Gov. Gavin Newsom
Newsom Budget Lays out Cap-and-trade Extension, Climate Spending
California lawmakers may consider extending the state’s landmark cap-and-trade program, following a request from Gov. Gavin Newsom in his 2025/26 budget proposal.
Constellation Energy
Constellation to Acquire Calpine for $29.1B
Constellation Energy Corp. will acquire Calpine Corp. in a deal that will create the largest U.S. fleet of zero- and low-emission power generation.
Internal Revenue Service
IRS Issues Low-income Clean Electricity Rules
Rules and guidance for the federal Clean Electricity Low-Income Communities Bonus Credit have been finalized and will be published shortly.  
Shutterstock
Delaware, US Wind Finalize $100M+ in Community Benefits
Delaware has finalized a benefit agreement with US Wind for allowing the developer to use a state park to run export cables from the offshore wind farms it hopes to build.
Consumers Energy
DC Circuit Rejects Challenge to FERC Approval of Indiana Pipeline
The D.C. Circuit found the commission appropriately approved a new pipeline in Indiana meant to serve new natural gas generation that the state approved.
Shutterstock
WAPA Sued Over 504-MW Wind Farm Interconnection Plan
A lawsuit seeks to block interconnection of what could become Wyoming’s largest wind farm, alleging an inadequate environmental review of the interconnection plan.
Shutterstock
After Budget, Energy Could be a Top Priority for Md. Lawmakers
The rising opposition to the Maryland Piedmont Reliability Project, a 67-mile, 500-kV transmission line, and general dissatisfaction with PJM and utility grid planning and interconnection policies, are driving new bills in the General Assembly.
Shutterstock
Uncertainty Clouds NJ Clean Energy in 2025
New Jersey in 2025 faces the added uncertainty of a likely contentious governor’s race to replace clean energy champion Gov. Phil Murphy and his release of a new energy master plan.
NRC
SMR Manufacturer, Texas and Utah Sue NRC Over Licensing Requirements
SMR manufacturer Last Energy and the attorneys general of Texas and Utah sued the NRC alleging it did not need to license smaller reactors and asking the court to remove that requirement so small reactors can expand around the country.
Shutterstock
Data Centers and Demand Growth Top 2025 Agenda
The data center dilemma centers first on a familiar mismatch of timescales. Utilities and their regulators tend to plan based on the small, incremental demand growth. But development and the power demand it generates move at ever-increasing digital speed.

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