Recent News

More Workers in Virginia Advanced Energy Than in Hospitals, Double Those in Real Estate

Posted by Monique Hanis on Aug 6, 2019

More than 100,000 workers, growth three times Virginia’s overall jobs growth rate, and advanced energy companies expecting to increase jobs by 7% in 2019 — yet obstacles remain

RICHMOND, August 6, 2019 — Today, national business group Advanced Energy Economy (AEE) released a fact sheet showing that Virginia has 101,400 people working in advanced energy. This represents more than those employed by hospitals (98,549), and twice as many as those in real estate (43,181) across the Commonwealth. The U.S. has a total of 3.5 million working in advanced energy jobs throughout the nation.

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Topics: Press Releases

Utility Dive: Dominion's 100% Renewables Tariff Could Kill Virginia's Retail Choice Ambitions

Posted by Catherine Morehouse on Aug 5, 2019

Utility Dive covers how Dominion Energy's proposed 100% renewable energy tariff for most of Virginia could box out competitors, like Direct Energy and Calpine Energy, seeking to meet corporate demand, quoting Virginia AEE's Harry Godfrey. See excerpts below and read the entire UD story here.

In an increasingly changing energy world, state energy markets vary widely in how they allow companies to compete for and retain customers. And that's beginning to matter more in states with large retail customers in a (mostly) regulated vertical energy market, such as in Virginia. 

Dominion Energy, the state's dominant utility, in May filed an application with the State Corporation Commission (SCC) for approval of its 100% renewable energy tariff. If approved, that tariff offering would prevent other retail electricity providers from competing in the market to give large and residential customers a 100% renewable option.

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Topics: AEE In The News

GreentechMedia: Top 10 Utility Regulation Trends of 2019 — So Far

Posted by Coley Girouard on Aug 1, 2019

GreentechMedia reposted AEE's popular Top 10 trends piece by AEE's Coley Girouard. See excerpts below and read the entire GTM piece here.

In January, we published a list of the top 10 utility regulation trends of 2018. With 2019 beyond the halfway point, we check in on the top public utility commission (PUC) actions and trends so far this year. Ten prominent trends and actions stand out above the rest, from renewables increasingly dominating utility resource plans, to wildfires sparking utility safety and liability concerns in California, to transportation electrification investments becoming more widespread from coast to coast... 

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Topics: AEE In The News

Utility Dive: Performance Based Regulation — Seeking the New Utility Business Model

Posted by Herman K. Trabish on Jul 23, 2019

This Utility Dive "deep dive" reviews efforts to adopt performance-based regulation across the nation, shifting the utility business model to serve policy goals and consumer demand. The first of a two-part series, the piece quotes AEE's Danny Waggoner. See excerpts below and read the entire Utility Dive piece here.
 
As the push to upend traditional utility business models grows across the country, new leading efforts are showing results where others missed the mark. There is accelerating work to transform the utility business model through performance-based regulation (PBR).

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Topics: AEE In The News

PV Magazine: AEE Releases Medium- and Heavy-Duty Fact Sheet

Posted by Tim Sylvia on Jul 17, 2019

PV Magazine's daily pvMB newsletter covered the release of AEE's fact sheet on Electrifying Medium- and Heavy-Duty Vehicles. Read excerpt below and see the entire pvMB piece here.

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Topics: AEE In The News

Commercial Fleet Operators Eye Advantages of Electric Medium- and Heavy-Duty Vehicles

Posted by Monique Hanis on Jul 17, 2019

AEE industry fact sheet reveals compelling commercial and public benefits of electrifying buses and trucks, as adoption begins to take off

WASHINGTON, D.C., July 17, 2019 – Today national business group Advanced Energy Economy released a fact sheet outlining the benefits that private and public fleet operators see in electric vehicles (EVs), and why they are beginning to incorporate them into their medium- and heavy-duty vehicle (MDV and HDV) portfolios. While much industry focus has been on the consumer auto and light-duty markets, new electric bus and truck models are gaining the attention of commercial, municipal, and state fleet operators for their cost and operational benefits.

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Topics: Press Releases

Energy News Network: Illinois Will Take More Time to Consider Customer Impact of Cloud Software

Posted by David Thill on Jul 16, 2019

Energy News Network covered the Illinois utility commission's (ICC) decision to withdraw a proposed rule affording more favorable accounting rules to utilities that choose third-party cloud-computing solutions, quoting AEE's Danny Waggoner. AEE has actively participated in the regulatory proceeding. See excerpts below and read the entire Energy News Network story here.
 
Illinois regulators have withdrawn for now a proposed rule change that would let utilities earn a rate of return for cloud-based software subscriptions. The Illinois Commerce Commission faced an early July deadline to implement the rule. On June 26 it voted instead to retract and resubmit the proposal later to allow more time to address questions about how it could affect customers.
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Topics: AEE In The News

Forbes: 4 Reasons Renewables Will Continue to Dominate Fossil Fuels

Posted by Jeff McMahon on Jul 3, 2019

Forbes columnist Jeff McMahon highlighted the competitive economics of renewables in this second piece drawing from AEE's June 25 webinar, "What Happens When Wind and Solar Compete on Price." He reports that renewables make running fossil fuel plants more expensive, costs of capital are declining, renewables have no fuel costs, and they compete in states like Georgia, Indiana, and North Carolina. See excerpts below and read the entire Forbes piece here. McMahon's first piece is here.
 

Renewables will dominate energy markets in the United States because of their economics, even without the support of policy, some analysts agree.

The low price of renewables has driven the news this week not only of LA's record-breaking solar+storage deal but also Indiana's early exit from coal. And experts expect prices to continue to fall across the country...

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Topics: AEE In The News

Forbes: Conservative Indiana Chooses Renewables Over Gas as It Retires Coal Early

Posted by Jeff McMahon on Jul 2, 2019

Forbes columnist Jeff McMahon summarizes take-away's from AEE's June 25 webinar, "What Happens When Wind and Solar Compete on Price." He focuses on the experience of panelist Mike Hooper, NIPSCO. See excerpts below and read the entire Forbes piece here. McMahon's second piece in this series is here.

Los Angeles just announced the largest and cheapest solar+storage project in the world, but that's the golden land of dreamers and subsidies. About 1,800 miles to the right, conservative Indiana—with no renewable-portfolio standard—is making similar choices.

Renewables are so cheap, said Mike Hooper, the senior vice president of the Northern Indiana Service Company (NIPSCO), that the utility can close its coal plants early and return $4 billion to its customers over the next 30 years.

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Topics: AEE In The News

Utility Dive: NV Energy to Add 1.2 GW Solar, 2.3 GWh Storage as Large Customer Exit Slows

Posted by Catherine Morehouse on Jun 25, 2019

Utility Dive reported on NV Energy's announcement of three projects adding 1,200 MW of solar and 560 MW of battery storage exceeding the utility's goal to double its renewable energy output by 2023. The piece included reaction by AEE's Ray Fakhoury. See excerpts below and read the entire Utility Dive piece here.


Under state legislation passed in April, NV Energy and any power provider in the state that provides 1 million MWh or more of power has to generate 50% of its power from renewable resources by 2030 and 100% from carbon-free sources by 2050.

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Topics: AEE In The News