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Reuters: Diversified New Jersey power and gas company Public Service Enterprise Group Inc (PEG.N) said Thursday it has accelerated its net-zero greenhouse gas ambitions to 2030 from 2050. The new target from the group, whose assets include New Jersey’s largest gas and electric utility, is one of the most aggressive net-zero goals set by any […]
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Power Magazine: DTE Energy has retired the last operating unit of its River Rouge coal-fired power plant along the Detroit River, a facility that came online in 1956 and entered commercial operation in 1958. The utility on June 4 said River Rouge, located just southwest of Detroit, Michigan, operated for the final time on May […]
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Reuters: A group of U.S. electricity companies wrote to President Joe Biden this week saying it will work with his administration and Congress to design a broad set of policies to reach a near-term goal of slashing the sector’s carbon emissions by 2030. Washington should implement policies, including a clean energy standard, or CES, to […]
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The Wall Street Journal: A global wave of investment in high-capacity batteries is poised to transform the market for renewable energy in coming years, making it more practical and affordable to store wind and solar power and deploy it when needed. Government-owned utilities and companies are buying batteries that can be larger than shipping containers. […]
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CNN Business: PSEG has relied on fossil fuels to keep the lights on for the past 116 years. Now, New Jersey’s largest and oldest power company is pledging to deliver carbon-free electricity to fight climate change. The $30 billion utility provider announced Thursday that it’s on track to slash carbon emissions by 80% by 2046, […]
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Bloomberg: Public Service Enterprise Group Inc., the owner of New Jersey’s biggest utility, agreed to sell its stakes in two Pennsylvania power plants at a loss, marking the last steps in its plan to exit from coal. The deal to sell its stakes – about 23% each – in the Keystone and Conemaugh plants is […]
Tom Sanzillo and Cathy Kunkel
Honoring collective bargaining agreements is fiscally sound and economically necessary
Puerto Rico’s Senate and House of Representatives are finalizing an energy policy bill that amends the existing privatization plan for the Puerto Rico Electric Power Authority (PREPA). One of the remaining issues is whether to require future private utility owners to honor existing PREPA collective bargaining agreements with labor unions. The legislature should protect these […]
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Ivan Penn and Samantha Masunaga for the Los Angeles Times: One of California’s largest energy utilities took a bold step in the 21st century electricity revolution with an agreement to close its last operating nuclear plant and develop more solar, wind and other clean power technologies. The decision announced Tuesday by Pacific Gas & Electric […]
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REUTERS HAS AN IMPORTANT SCOOP THIS MORNING on U.S. government preparations to close an accounting loophole that helps coal companies make tens of million of dollars in profits off federal coal leases at the expense of taxpayers. The article, by Patrick Rucker, chronicles a Reuters investigation into how coal companies “stood to pocket an additional […]
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The Connecticut Post is out today with an update on opposition to the coal-fired plant that provides electricity to Bridgeport, Conn. The City Council on Monday passed a non-binding resolution to shut the plant, owned by PSEG. Excerpts: – “One part of the resolution called on plant owner PSEG to ‘phase out the coal-fired electricity […]
IEEFA Puerto Rico: PREPA privatization plan overlooks unionized workers as best asset
Honoring collective bargaining agreements is fiscally sound and economically necessary
Puerto Rico’s Senate and House of Representatives are finalizing an energy policy bill that amends the existing privatization plan for the Puerto Rico Electric Power Authority (PREPA). One of the remaining issues is whether to require future private utility owners to honor existing PREPA collective bargaining agreements with labor unions. The legislature should protect these […]