Market Edge Blog

2509, 2018

Senate Bill 237 Expands Competitive Electricity in California

September 25th, 2018|News|

On Sept. 20th, California Governor Jerry Brown signed into law Senate Bill 237 which will enable a larger number of California commercial and industrial customers to purchase competitive electricity supply through what’s known as Direct Access. SB 237 requires the California Public Utility Commission, on or before June 1, 2019, [...]

409, 2018

2018 Hurricane Season Weak so Far, but Not Over

September 4th, 2018|News|

After a 2017 hurricane season of record setting storms in the Atlantic, 2018 has, thankfully, been very uneventful thus far.  We are entering the peak of the season so we are not out of the woods yet, but three key phenomena are conspiring to make an environment very inhospitable for [...]

1506, 2018

New Jersey Supports Nuclear Power Plants

June 15th, 2018|News|

On May 23, Phil Murphy, the governor of New Jersey signed a bill that will subsidize three of the state's nuclear power plants. These power plants have been struggling financially for the past few years. New Jersey residents will be spending $300 million dollars a year to keep these nuclear [...]

606, 2018

Early Summer Price Volatility Seen in Texas

June 6th, 2018|News|

Summer in Texas seems to have set in a little early this year with near record temperatures being seen across much of the State.  Electricity consumers and ERCOT officials alike, are watching closely to see how summer power prices will react to hot temperatures and a smaller than normal reserve [...]

904, 2018

FirstEnergy Solutions Files for Bankruptcy, Anticipates Plant Closures

April 9th, 2018|News|

As expected, FirstEnergy Solutions filed for chapter 11 bankruptcy protection on March 31, 2018.  The company simultaneously made a direct request to the Energy Department for financial subsidies to support keeping its fleet of coal and nuclear plants operational, which the company has stated it will otherwise shut down.  FES [...]

404, 2018

Renewables Increases as Source of Energy Generation

April 4th, 2018|News|

Resources https://www.greentechmedia.com/articles/read/renewable-energy-generation-nuclear-bnef https://www.greentechmedia.com/articles/read/trump-cant-save-coal#gs.rG5MFtE While U.S. clean energy installations lagged, a record amount of capacity brought online in 2016 drove generation from renewables in 2017 to its highest level ever, at 18 percent of the overall energy mix. Natural gas and coal still remain the top producers of U.S. electricity, but both [...]

2803, 2018

Cove Point LNG Export Terminal Coming Online

March 28th, 2018|News|

Dominion Energy’s first vessel, tanker Gemmata,  left their Cove Point LNG terminal in Maryland earlier this month, but the company did not specify its exact destination.   Cove Point is the second big LNG terminal in the U.S. as Dominion spent $4 billion to add export facilities to this terminal.  Cove [...]

711, 2017

Luminant to Retire Three Coal Plants

November 7th, 2017|News|

Over the past two weeks, Luminant announced the closing of nearly 4,200 MW of coal fired power generation units at 3 different plants in Texas. On October 6th, Luminant made public its plan to close the Monticello plant, then on October 13th it announced it would also be closing the [...]

2905, 2013

Department of Energy Approves LNG Export Project

May 29th, 2013|News|

The DOE on Friday announced its approval of the Freeport LNG application to export liquefied natural gas produced in the U.S.  The approval is the first since 2011 and the first since the DOE completed and released in December its study that concluded that additional LNG exports would provide a [...]