Morningstar DBRS Comments on MISO's Historic $22 Billion Regional Transmission Plan
Key Highlights • We expect the credit impact of Tranche 2.1 on utility companies to be neutral, provided that they can finance the capex and maintain their debt-to-capital ratios in alignment with the regulatory capital structure. • MISO’s alignment with FERC Order No. 1920 should benefit transmission owners. • Legal challenges to right of first refusal laws could create delays. • Uncertainty on decarbonization policies could weaken cost-benefits On December 12, 2024, the Midcontinent In...
Biden-Harris Administration Announces Three High-Priority Areas Advancing in National Interest Electric Transmission Corridor Designation Process
DOE Seeks Public Input on Proposed Public Engagement Framework and Possible Scope of Analysis for Areas Moving to Phase 3 of Designation Process WASHINGTON, D.C. — In a continued effort to expedite the build out of a resilient and reliable electric grid, today the U.S. Department of Energy (DOE) released a list of three potential National Interest Electric Transmission Corridors (NIETCs) moving to the next phase of the designation process. A NIETC is an area of the country where DOE has...
Morningstar DBRS Comments on Impact of Potential U.S. Tariffs or Electricity Export Ban on Ontario Independent Power Producers
Key Highlights • Ontario Premier Doug Ford has threatened to cut off electricity supply to the United States if it imposes a blanket 25% tariff on Canadian goods. • If the tariff or the electricity export ban occurs, we do not expect either to materially affect most power producers with operations in Ontario. • However, we believe that either scenario would decrease the efficiency of electricity systems in both Ontario and connected U.S. states, which would increase overall electricity syste...
Amid Planning for $20 Billion Magma Powered-Powered AI Data Center, Magma Power LLC Is Granted Its 14th U.S. Patent On Revolutionary Green Baseload Energy Source
Magma Power is Inevitable. It's not a question of if magma power will power the Earth – but when. NEW YORK - Magma Power LLC, a global developer and licensor of Magma Power™ technology, proudly announces that is has been granted its 14th U.S. Patent on its revolutionary magma power technology. "We are in preliminary discussions to use Magma Power™ technology to build the world's largest AI data center powered entirely by renewable energy," says Richard McDonald, Chief Strategy Officer of...
Trane and Northern Illinois University Kick Off Energy-Saving Program for a More Sustainable Future
Northern Illinois University (NIU) campus in DeKalb, Ill. Innovative upgrades will reduce NIU energy consumption by more than 26%, supporting the university’s 2030 Sustainability and Climate Action Plan DAVIDSON, N.C. – Trane® – by Trane Technologies (NYSE: TT), a global climate innovator, announces that energy-saving infrastructure upgrades are underway at the Northern Illinois University (NIU) campus in DeKalb, Ill. Trane, a leader in building and energy solutions, is collabora...
Global Utilities & Independent Power Producers 2025 Outlook: Spending Greens to Get Greener
Our outlook for global utilities and independent power producers (IPPs) in 2025 is stable. We expect growth in the industry to be robust for the year, driven by the energy transition, especially with electrification and the demand for more renewable energy sources. Key Highlights: -- Continued high level of capital expenditures for the energy transition is likely to pressure credit metrics in 2025. -- We expect regulatory roadblocks for natural gas utilities to moderate, but new challenge...
Experts reveal how revolutionary technological advances could use the sun to source hydrogen fuel
Source: Shutterstock Splitting water into hydrogen and oxygen using solar energy holds the promise of truly renewable fuel – but until now, it hasn’t been feasible outside the laboratory. Writing for Frontiers in Science, renowned experts in the field outline crucial new advances that could make solar production of hydrogen fuel a reality, and call for more research and the development of standards and regulations to take green fuel from proof of concept to practical solution. Splitti...
Critical minerals shortages threaten international energy transition goals, reveals GlobalData
The global transition to clean energy is gaining momentum, heavily relying on renewable technologies such as solar PV cells and wind turbines, alongside energy transition solutions like hydrogen, energy storage, and carbon capture. This shift has triggered an unprecedented surge in demand for critical minerals, posing significant challenges in achieving international energy transition goals, says GlobalData, a leading data and analytics company. GlobalData’s latest Strategic Intelligence repo...
NYPA Announces Signed MOU with U.S. Army for Energy Efficiency and Decarbonization Initiatives
Memorandum of Understanding Paves Way for Energy Efficiency Improvements to Fort Drum, Fort Hamilton, West Point and other U.S. Army Facilities in New York State New Agreement Will Unlock Opportunity for Economic Growth in Communities from Watertown to Rome and Beyond WHITE PLAINS—The New York Power Authority (NYPA) today announced a first-of-its-kind agreement with the United States Army. The signed Memorandum of Understanding (MOU) allows NYPA and the U.S. Army to collaborate on ne...
Biden-Harris Administration Delivers Nearly $474 Million in New Grid Resilience Funding to States and Tribes as Part of Investing in America Agenda
Investing in America Agenda Continues Efforts to Modernize Electric Grid To Deliver Reliable, Clean, and Affordable Energy Across the Country, in 5 Territories and Among 254 Tribal Nations WASHINGTON, D.C.— In support of the Biden-Harris Administration’s Investing in America agenda, today the U.S. Department of Energy (DOE) announced that 49 states, 5 territories, 254 Tribal Nations, and the District of Columbia have received a combined total of $473.6 million in fiscal year (FY) 2024...