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

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….

New England’s Forward Capacity Auction closes with adequate power system resources for 2027/2028

Illustration of a balanced seesaw with geometric shapes representing chemical molecules on a grid against a dark blue background.

New England’s annual capacity auction closed with sufficient power system resources to meet forecast peak demand in 2027/2028. Nearly all of the new resources securing capacity supply obligations were energy storage, solar, wind, or demand-reducing resources. ISO New England Inc. runs the auction each year to procure the resources needed to meet consumer demand for….

Prime Time

Aerial view of a nuclear power plant with cooling towers emitting steam, surrounded by a forested area and a large industrial building nearby.

Pro-nuclear advocates welcomed a historic announcement last week when Amazon Web Services (AWS), the world’s largest operator of data centers, made a decisive move that all but validated the inevitable: “One of the US’s largest nuclear power plants will directly power cloud service provider Amazon Web Services’ new data center. Power provider Talen Energy sold….

Natural gas prices soar 11%, bouncing after Chesapeake cuts production outlook

Aerial view of a fracking site with drilling equipment and trucks surrounded by green fields.

Natural gas futures jumped sharply Wednesday, bouncing after ending the previous session at the lowest in more than 3½ years after Chesapeake Energy, a major shale producer, cut its production outlook. Meanwhile, crude oil futures ticked slightly higher in rangebound trading as investors monitored developments in the Middle East and weighed the outlook for global….

Eversource Energy posts quarterly loss, to sell stake in two wind projects

Offshore wind turbines stand in ocean waters against a sunset sky with soft pastel colors.

Eversource Energy on Tuesday, February 13th, reported a loss in the fourth quarter, as the utility recorded after-tax impairment charges of about $1.62 billion related to its offshore wind projects. Eversource plans to sell its stake in two offshore wind projects – South Fork Wind and Revolution Wind to Global Infrastructure Partners – for $1.1 billion,….