Thursday, February 4, 2016

Other energy news

The Public Utilities Commission of Ohio on Wednesday secured natural gas supplies for Dominion East Ohio's SSO/SCO customers.  PUCO accepted results of Dominions standard service offer and standard choice offer auction for the period of April 1, 2016-March 31, 2017, resulting in a 5 cent discount per thousand cubic feet compared to the New York Mercantile Exchange's month-end settlement price, according to a PUCO release.  Seven natural gas suppliers submitted bids. The name of the four winning bidders will remain confidential for 15 days "to protect the suppliers' positions in contract negotiations with pipeline companies."

The wind energy posted its second strongest quarter ever late last year, according to data released by the American Wind Energy Association.  In all, the industry installed 5,001 megawatts during Q4, which the AWEA said is more than in the entirety of 2014. Throughout 2015, the industry installed a total of 8,598 MW - the third largest amount ever and a 77% increase over 2014 levels.  "The data released today show 2016 presents an extraordinary opportunity for American wind power," AWEA CEO Tom Kiernan said in a statement. "The time has never been better for states and utilities to lock in low-cost, stably-priced wind energy to achieve their Clean Power Plan carbon reductions. Wind energy is on track to supplying 20% of the country's electricity by 2030."

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