Natural gas pipeline capacity from the Permian Basin is set to increase

Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day (Bcf/d), is expected to begin service this month, according to EnLink Midstream, one of the project’s stakeholders. Matterhorn (a joint venture with Whitewater, EnLink Midstream, Devon Energy, and….

Vineyard Wind Update on Damaged GE Vernova Blade

Vineyard Wind, a joint venture between Avangrid and Copenhagen Infrastructure Partners, today issued the following statement: “This morning, a significant part of the remaining GE Vernova blade detached from the turbine. Maritime crews were onsite overnight preparing to respond to this development, though current weather conditions create a difficult working environment. Despite these challenging weather….

PJM Grid Hits Record High Signal Costs of Reliable Power

The auction produced a price of $269.92/MW-day for much of the PJM footprint, compared to $28.92/MW-day for the 2024/2025 auction, which is almost nine times the price of the year before. Capacity auction prices fluctuate annually based on the need for investment in generation resources. This year’s auction procured 135,684 MW for the period of….

Biden-⁠Harris Administration Announces New Steps to Bolster Domestic Nuclear Industry and Advance America’s Clean Energy Future

For decades, nuclear power has been the largest source of clean energy in the United States, accounting for 19% of total energy produced last year. The industry directly employs nearly 60,000 workers in good paying jobs, maintains these jobs for decades, and supports hundreds of thousands of other workers. In the midst of transformational changes….

New England utility closes import-dependent gas-fired power plant, keeps LNG import option

On May 31, Constellation Energy retired the natural gas-fired Mystic Generating Station it owned and operated. Mystic was one of the oldest U.S. electric power plants, located in Charlestown, Massachusetts, on the north side of Boston. Constellation also owns and operates the adjacent Everett liquefied natural gas (LNG) terminal, which supplied 100% of Mystic’s natural….

ElA Cuts Oil Price Estimates, Raises U.S. Natural Gas Price Forecast

Industrial complex with smoke stacks and pipes.

The U.S. Energy Information Administration lowered its 2024 estimates for benchmark crude prices by around 4%, citing recent price declines, while raising its estimates for U.S. natural gas prices. In its monthly Short Term Energy Outlook, the ElA said Tuesday it expects spot Brent to average $84.15 a barrel in 2024, down from its previous….

Republicans make Texas pitch for scrapping Biden LNG pause

Elderly man with a beard, wearing glasses and a suit, speaking at a table with nameplate "mr. weber texas" and an american flag in the background.

House Energy and Commerce Republicans traveled to Texas on Monday to make the local argument for the immediate cancellation of Biden administration’s pause on new gas export terminals. The Energy, Climate and Grid Security Subcommittee field hearing in Port Arthur came as House Speaker Mike Johnson (R-La.) prepares to release a Ukraine aid package that….