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CAISO’s Board of Governors and the Western Energy Markets Governing Body voted unanimously to pass a proposal that will modify the calculation used to determine bid cost recovery payments for storage resources.
Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.
MISO members will likely have to add 343 GW of installed capacity by 2043 to meet policy goals while maintaining resource adequacy, the RTO said in preliminary results from its annual Regional Resource Assessment.
Change is coming to FERC after Tuesday's election, but the policies the agency oversees are rarely top of mind during campaigns, so it is unclear how much will be different.
Several clean energy industries were clear losers after former President Trump's reelection, and offshore wind and EV company stocks took hits the day after the election.
The Southeast’s traditionally risk-averse vertically integrated utilities are now embracing the clean energy transition, driven by economic development in the form of new industry and data centers.
Eversource Energy’s exit from the offshore wind business drove a $118 million loss in the third quarter of 2024, offsetting increased revenue from its electric and gas distribution business relative to 2023, the company told investors.
MISO said unless stakeholders can come up with an alternative it hasn’t explored, it will have to renew its sole system support resource — Manitowoc Public Utilities’ Lakefront 9 coal unit — for another year.
SPP’s Board of Directors has approved the RTO’s 2025 operating and capital budgets and its net revenue requirement following a unanimous endorsement by the Members Committee.
The PJM Markets and Reliability Committee endorsed two issue charges sponsored by LS Power addressing the transparency and functionality of PJM’s marginal effective load-carrying capability accreditation methodology.
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