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2 More Western Utilities Move to Close Coal Plants Early, Shifting to Renewables and Storage

GreenTechMedia

Tucson Electric Power on Friday released a long-term energy plan that calls for closing its remaining coal plants by 2032, on the way to 70 percent renewables by 2035. Colorado wants to get half of its power from renewable by 2030 and 90 percent by 2050. Arizona’s transition from coal to renewables and batteries.

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Treasury Department Announces Second Round of Section 48C Tax Credit for Clean Energy Manufacturing Facilities

38 North Solutions

Expired since 2013, the law provides $10 billion in credits for qualifying advanced energy projects, $4 billion of which must be allocated projects located in energy communities. However, this would only apply to the facility in question, meaning a company could use 48Cfor one facility, and 45X for another. Secretary of the Treasury.

Energy 64
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Amid Depressed Power Demand, Duke Sticks to Plan to Double Renewables Base

GreenTechMedia

In April the picture darkened further: Duke's total electricity sales fell 5 percent, dragged down by a 12 percent slide in demand from industrial customers that was only partially offset by higher-than-usual residential sales. power utilities, with 7.4 million electric and 1.4 Duke is among the largest U.S.

Demand 130
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Dominion Targets 24GW of Renewables and Storage in Move Toward Virginia’s Clean Energy Goals

GreenTechMedia

Utility Dominion Energy is planning a major shift toward renewable energy and batteries as it looks to comply with Virginia's ambitious new clean energy law. Under the law, Dominion Virginia and the smaller Appalachian Power Co.

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ComEd’s Favorable Regulatory Treatment for Grid Investments Comes Under Fire

GreenTechMedia

For the past nine years, Chicago-based utility ComEd has earned excessive profits from a regulatory structure set in place by a 2011 state law whose passage has been linked to a bribery scandal that’s embroiled key state lawmakers and ComEd’s former CEO. ComEd’s current $9.53

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Energy Innovation Policy & Technology® and RMI Launch 48 U.S. State EPS Models

Energy Innovation

Only existing state laws and regulations as of January 2023 are included in the model. The five policies are: clean electricity standards, zero-emission vehicle standards, clean building equipment standards, industrial efficiency and emissions standards, and standards for methane detection, capture, and destruction.

Policy 52
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What is in the Inflation Reduction Act of 2022? We summarize.

38 North Solutions

Some credits—such as the electric vehicle (“EV”) credit–remain unchanged throughout the ten-year bill. Clean Electricity Grants and Loans. -$40 Should this bill become law, from 2022-2024, these credits are extended and restored to their full value. ZERO EMISSION NUCLEAR POWER PRODUCTION CREDIT. 385 billion.