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Recently in Public Power Current
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Distributed Energy Resources
New York Gov. Kathy Hochul on Oct. 17 announced that six gigawatts of distributed solar have been installed across New York, marking the early achievement of the State’s Climate Leadership and Community Protection Act statutory goal a year ahead of schedule.
Environment
The U.S. Supreme Court on Oct. 16 issued an order denying requests to stay the Environmental Protection Agency’s Power Sector Greenhouse Gas Rule for New and Existing Sources (Power Sector GHG Rule or the Final Rule), published on May 9, 2024. Litigation over the rule itself continues in the D.C
Generation
The Department of Interior on Oct. 17 announced that the Bureau of Land Management has approved the Fervo Cape Geothermal Power Project in Beaver County, Utah, which will use innovative technology to generate up to 2 gigawatts of baseload power.
Transmission
The Federal Energy Regulatory Commission on Oct. 17 issued a long-awaited order establishing a methodology for determining a just and reasonable return on equity, or profit, to be included in transmission rates.
Electricity Markets
ElectriCities of North Carolina, Inc., announced on Oct. 16 that it has named Scott Jones Chief Financial Officer. He will succeed Tim Tunis, who earlier this year announced his retirement effective April 2025 after 20 years with ElectriCities.
Bonds and Financing
The Internal Revenue Service recently said that it will grant certain applicable entities that are making an elective payment election (also known as direct pay) an automatic six-month automatic extension of time to file an original or superseding Form 990-T, Exempt Organization Business Income Tax Return, with relevant schedules and forms.
Generation
Amazon and Energy Northwest on Oct.16 announced an agreement to fund efforts to move toward development and deployment of small modular reactor technology in Washington state to advance reliable energy across the Northwest.
Electricity Markets
The PJM Interconnection recently said it will be supporting a delay of the PJM 2026/2027 Base Residual Auction for approximately six months.