Energy News for week ending February 28, 2020

Market Turmoil | $53M Fine | $1.1B Acquisition

TGIF

The spread of the coronavirus is impacting energy markets worldwide. We have gathered up several important stories as unease over the rapid spread of COVID-19 is continuing to drive markets.

After dominating the energy news for well over a year, Columbia Gas of Massachusetts has agreed pay a $53 million fine as part of a guilty plea to a felony violation of the Pipeline Safety Act. On Wednesday the company took “full responsibility for the tragic events of September 13, 2018, that so impacted our customers throughout the Merrimack Valley.”

On Wednesday evening, Eversource Energy, announced that it has reached an agreement to purchase Columbia Gas of Massachusetts’ natural gas assets from its parent company, NiSource, for $1.1 billion. NiSource will cease doing business in the Commonwealth and profits from the sale will be turned over to the federal government under the agreement with the U.S. Attorney’s office.

Have a great weekend!

Coronavirus and Energy

Coronavirus cuts Chinese carbon emissions by up to 25 percent, Ars Technica

Blue skies return to China as coronavirus cuts coal consumption, NIKKEI

Coronavirus Is Starting to Slow the Solar Energy Revolution, Bloomberg

Climate and Coronavirus Dominate Oil Industry’s Biggest Summit, Bloomberg

Oil falls for fifth day on demand concerns as coronavirus spreads, CNBC

Trump Insists on Paying for Coronavirus Prep by Cutting Heating Aid for the Poor, New York Magazine

Natural Gas/Oil/Pipeline/Drilling

Final Approval Expected In $143 Million Columbia Gas Explosions Settlement, CBS Boston / WBZ

Columbia Gas plea puts spotlight on the Massachusetts Department of Public Utilities, MassLive

Columbia Gas agrees to plead guilty in deadly 2018 Massachusetts explosions and leave the state, feds say, CNN

Rivera: Fine should go to gas disaster victims, Eagle-Tribune

National Grid offers options to meet projected gas supply constraints, Newsday

Natural gas ransomware attack offers critical lessons for electric utilities, analysts say, Utility Dive

Legislators ask federal regulators to inspect compressor site, Patriot Ledger

Climate Change/Renewables/RGGI

The Key to New York’s Green Dreams May Be Turning Quebec Into a Mega-Battery, Bloomberg Green

Voters Really Care About Climate Change, The Atlantic

On Rising Great Lakes, Backyards Are Disappearing Overnight, Wall St. Journal

Cape coalition asks towns to declare ‘climate change emergency,’  Cape Cod Times

Climate change could be a ‘catastrophic’ national security threat, report warns, USA Today

New York Governor Takes Aim at State’s Onerous Renewables Permitting Regime, Greentech Media

Niagara County forming group to confront large-scale energy projects, Niagara Gazette

Wind

US offshore wind is ‘currently uneconomical,’ ReNews.biz

New wind turbine project in Washington County approved by Commissioners, WABI (Maine)

Permitting for big wind farms could get a lot faster under new Cuomo proposals, North Country Public Radio

Greentown Labs, Vineyard Wind Expand Offshore Wind Innovation, North America Windpower

How Goes It? Report from Block Island About Their Offshore Wind Farm, Dan’s Papers

Solar

R.I. encourages solar panels as canopies on parking lots. Will that really steer solar farms away from forests and other open spaces?, Providence Journal

House Bill Would Require Homeowners Associations To Allow Solar Installations, New Hampshire Public Radio

The Solar Industry’s New Power Player: Oil Majors, Greentech Media

Energy Efficiency/Storage

NJ’s Two Biggest Utilities Finish Near Bottom on New Energy-Efficiency Scorecard, NJ Spotlight

Massachusetts policies help Eversource, National Grid lead on energy efficiency while Southeast lags: ACEEE, Utility Dive

The Key to New York’s Green Dreams May Be Turning Quebec Into a Mega-Battery, Bloomberg

EVs

Transportation is ‘climate enemy #1’ — EVs and behavioral changes are the answers: report, Utility Dive

 How to maximize the life of your electric car’s battery, according to science, Mashable

A Cobalt Crisis Could Put the Brakes on Electric Car Sales, Wired

Nuclear

NDCAP not reassured by NRC claims about Pilgrim Station decommissioning, Wicked Local Plymouth

The US government insurance scheme for nuclear power plant accidents no longer makes sense, The Bulletin of the Atomic Scientists

Market/Grid/Policy/Prices

Eversource to buy Columbia Gas for $1.1B; expects to work with regulators and consumer groups over 30 days, MassLive

Eversource exec says restoring trust top priority following Columbia Gas purchase, Boston Herald

Firm did ‘independent study’ of electric line while working for energy giant that could make billions from it, Bangor Daily News

Solar and wind power are pushing down electricity prices in New England, but carbon fuels still dominate, Hartford Courant

LePage says he was paid to advocate for hydropower corridor, Portland Press Herald

Power Opposed, The Telegraph

Editorial/Opinion

Would You Pay Higher Gas Prices to Slow the Climate Crisis?, New York Times

Coronavirus Sickens an Ailing Energy Bond Market, Bloomberg

 

 

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Filed under Climate Change, Electric Grid, Electricity Costs, Energy Efficiency, Natural Gas Pipelines, Renewables, Uncategorized

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