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July 24, 2024

FERC & Federal

The Federal Energy Regulatory Commission is an independent regulatory agency that oversees the transmission of electricity, natural gas and oil in interstate commerce, as well as regulating hydroelectric dams and natural gas facilities. 
The White House
Biden Signs Inflation Reduction Act
President Biden signed the $740 billion Inflation Reduction Act (H.R. 5376) into law, kicking off an aggressive pre-midterm election campaign.
Power Engineers
DC Circuit Faults FERC on Cost Allocation of New Jersey Transmission Projects
The D.C. Circuit rejected PJM’s “de minimis” exemption under its DFAX cost allocation and ordered FERC to explain its OK of DFAX's use in two N.J. projects.
The White House
House Passes IRA, Sends to Biden’s Desk
The U.S. House passed the Inflation Reduction Act, sending the $740 billion package of tax, health and climate provisions for President Biden’s signature.
Resources for the Future
How Much Will the IRA Cut GHG Emissions, Home Energy Costs?
A panel of industry analysts presented their estimates of how much the Inflation Reduction Act would reduce emissions and its impact on household energy costs.
Clean Energy States Alliance
DOE Previews New Federal Funding for Energy Storage Demo Projects
The Biden administration’s goal of achieving net-zero emissions by 2050 will require an investment of $300 billion a year until 2050, the DOE estimates.
© RTO Insider LLC
DC Circuit Sends FERC Back to Drawing Board on MISO ROE
The battle over MISO transmission owners’ return on equity continued with the D.C. Circuit Court of Appeals vacating FERC’s order setting the rate at 10.02%.
Shutterstock
DOE Launches $675M Program to Build Critical Mineral Supply Chain
DOE is consolidating its portfolio of critical mineral programs in a bid to build a domestic supply chain of materials needed to decarbonize the economy.
PJM
Dominion CEO: SCC Order for OSW Performance Guarantee ‘Untenable’
The Virginia Corporation Commission approved Dominion Energy’s OSW project, but the utility’s CEO said the capacity performance guarantee is “disappointing.”
International Energy Agency
Counterflow: 45Q: Money for Nothing
Columnist Steve Huntoon says the 45Q carbon capture tax breaks in Democrats' climate bill are an enormous subsidy that won't help decarbonization.
C-SPAN
Senate Passes Inflation Reduction Act
Following a marathon of debate, the U.S. Senate passed the Inflation Reduction Act with all of its $369.75 billion in clean energy spending intact.

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