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Virginia Mandates 100% Clean Power by 2050

GreenTechMedia

Virginia has become the latest state to pass a law that sets it on a path to 100 percent carbon-free electricity by 2050, as well as setting targets for massive investments in energy efficiency, energy storage and in-state solar and wind power. Dominion also gets more than one-third of its energy from nuclear power.

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Exelon to Split Generation Business from its Regulated Utilities

GreenTechMedia

announced plans Wednesday to separate its financially challenged nuclear power plant fleet and other generation assets from its multistate regulated utilities business. That scandal has scrambled Exelon’s efforts to seek out state aid for its financially struggling nuclear power plant fleet in Illinois. Exelon Corp.

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Dominion Sells Gas Business and Cancels Atlantic Coast Pipeline, in Clean Energy Pivot

GreenTechMedia

utility group Dominion Energy agreed Sunday to sell most of its natural gas business and abandon its multi-billion dollar Atlantic Coast Pipeline project with Duke Energy meant to supply its home-state market of Virginia. a natural gas utility serving Utah. for about $9.7 for about $9.7

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

GreenTechMedia

power utilities, with 7.4 million natural-gas customers across six states in the Southeast and Midwest. Despite near-term headwinds, Duke stood behind its long-term plan to reach net-zero emissions by 2050, starting with a target of 50 percent greenhouse gas reductions by 2030. Duke is among the largest U.S.

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Texas Crisis Drives First Public Power Bankruptcy, With More Fallout Expected

GreenTechMedia

Freezing temperatures caused cascading problems in the state’s natural-gas production and delivery network that restricted fuel supply to the power plants relied upon for about two-thirds of wintertime electricity supply. Financial hit could slow utility clean-energy investments.

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New Report Shows Gap Between Utility Carbon Pledges and Climate Change Imperatives

GreenTechMedia

New research asserts most have undermined those goals by keeping coal plants running and building new natural gas plants meant to operate for decades to come. utilities that still rely on coal and natural gas for most of their generation capacity. All but one call for new natural gas plants.

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

Developers in the space are concerned that the coronavirus pandemic’s impact on the economy will depress demand for tax equity investments, as banks and financial institutions will have less appetite for credits to offset tax liabilities in a year when profits were depressed. The massive spending bill awaiting passage by the U.S.

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