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Recently in Public Power Current
The U.S. Department of Energy on Jan. 17 announced the signing of a credit award and payment agreement with California-based Pacific Gas and Electric Company to finalize terms for $1.1 billion in credit payments via the Civil Nuclear Credit Program for the Diablo Canyon Power Plant.
The U.S. Department of Energy’s Office of Electricity on Jan. 18 issued a $4.8 million funding opportunity announcement seeking applications “for innovative distribution system communications technologies to ensure a secure electricity grid.”
The Lansing Board of Water & Light recently announced the launch of its new electrification rebate program, which it said is aimed “at promoting sustainable practices and encouraging customers to adopt cleaner, electric home and business equipment options.”
The California Community Choice Financing Authority issued more than $1 billion in green bonds in late 2023.
The Tennessee Valley Authority said that the preliminary peak power demand for the morning of Jan. 17 was 34,526 megawatts at a system average temperature of 4 degrees, setting an all-time TVA record.
Massachusetts public power utility Reading Municipal Light Department recently announced the hiring of Michael O’Neill as its new Director of Operations.
The Certificate of Achievement for Excellence in Financial Reporting has been once again awarded to the Kansas City Board of Public Utilities by the Government Finance Officers Association of the United States and Canada for its annual comprehensive financial report, BPU reported on Jan. 12.
A rule proposed by the Board of Governors of the Federal Reserve, Federal Deposit Insurance Corporation, and Office of Comptroller of the Currency would broadly tighten access to credit and pose economy-wide increases to borrowing costs, the American Public Power Association and state and local associations said in Jan. 16 said.