Recent 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.

AEE: medium- and heavy-duty EV fact sheet – Advanced Energy Economy has released a fact sheet for those looking to buy electric busses, delivery truck, tractor-trailer or other medium-to-heavy duty vehicle. 
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Topics: AEE In The News

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Illinois regulators have withdrawn for now a proposed rule change that would let utilities earn a rate of return for cloud-based software subscriptions.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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Virginia Town & City: Advanced Energy Gains Momentum in Virginia

Posted by Harry Godfrey on Jun 20, 2019

Virginia Town & City magazine ran Virginia AEE's Harry Godfrey's article summarizing the state of advanced energy and its promise of economic growth, jobs and cleaner energy sources for the Commonwealth. See excerpts below from the article and read the entire piece here (p. 16 - 18).

Advanced energy is taking hold across the Commonwealth, from rooftop solar in Richmond to electric buses in Hampton Roads; from electric vehicle (EV) chargers popping up on I-81 to efficiency upgrades to public buildings across the state. The advanced energy industry is helping to grow and sustain Virginia’s economy. Today, the industry employs almost 100,000 people in the Commonwealth. That is more jobs than you will find in all the supermarkets and grocery stores across the state, twice as many as exist in our hospitality industry, and seven times the number in Virginia’s fossil fuel industry...

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Squeaky Clean Energy Podcast: Live from Advanced Energy Now|East: Google, Microsoft and More

Posted by Ben Stockdale on Jun 19, 2019

North Carolina Sustainable Energy Association's podcast team covered AEE's recent Advanced Energy Now | East conference in Richmond, Va., capturing key themes and insights from experts speaking and attending the event. Listen to the Squeaky Clean Energy podcast episode here. Note that Advanced Energy Now | West is Oct. 16-17 in Scottsdale.

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Windpower Engineering: Nevada Passes Unparalleled Number of Clean-energy Bills

Posted by Michelle Froese on Jun 12, 2019

Windpower Engineering summarized the sweeping advanced energy bills passed and signed by Gov. Sisolak in this session, including comments from AEE's Ray Fakhoury. See exceprts below and the full Windpower Engineering story here.

Nevada Governor Steve Sisolak and the legislature have passed, and signed into law, an unparalleled number of clean-energy bills — and in most cases with strong bipartisan support.

The suite of legislation began with Senate Bill 358, strengthening Nevada’s clean-energy standards to require 50% clean energy by 2030 with a goal of 100% carbon-free energy by 2050. Gov. Sisolak signed the bill into law in May.

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Energy Central: UK RIIO Sets Out to Demo How a Performance-Based Reg Model Can Deliver Value

Posted by Coley Girouard on Jun 11, 2019

Energy Central republished this case study, originally published by Utility Dive, as the final installment in a six-part series on utility business model reform produced by Rocky Mountain Institute, America's Power Plan, and Advanced Energy Economy Institute. See excerpts below and read the entire EC post here.

In the United States... traditional cost-of-service regulation favors utility capital investment in long-lived assets rather than rewarding utilities for their performance against desired policy objectives and it discourages utilities from taking advantage of the general shift in the economy to service-based solutions provided by third parties. 

A decade ago, the United Kingdom's Office of Gas and Electricity Markets, known as Ofgem, set out on a mission to develop a new regulatory framework that would reward utilities for innovation and for meeting the changing expectations of consumers and society. The culmination of that process was the development of a framework referred to as RIIO.

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Topics: AEE In The News