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The Western Energy Imbalance Market has accrued almost $1 billion in benefits since its November 2014 launch, according to the California Independent System Operator's quarterly report. The total gross benefits to date are $998.69 million. In the second quarter alone, EIM participants gained… Read More

Frank Wolak, director of the Program on Energy and Sustainable Development at Stanford University, joined Paul Dockery of Clatskanie PUD for the third installation of our "Electric Market Enthusiasm" series. The conversation uses his work on "Long-Term Resource Adequacy in Wholesale Electricity Markets with Significant Intermittent Renewables" and the Energy Market Game to discuss export curtailment, the reliability externality and electric market design elements. Read more

Researchers from the University of California, Berkeley; Lawrence Berkeley National Laboratory; and Exxon Mobil Corp. have developed a new material able to more effectively and inexpensively capture carbon dioxide from natural gas power plants' flue emissions for eventual reuse or sequestration. Read More

Edison International executives on July 28 said a decrease in earnings for the second quarter of 2020 compared with the same period in 2019 is largely the result of increased operations and maintenance expenses colliding with "customer uncollectibles" and other expenses related to the corona… Read More

PG&E Corp. posted a second-quarter loss of $1.9 billion, a sunnier outcome for the company than the $2.5-billion loss in the same period a year ago, as it and utility subsidiary Pacific Gas & Electric emerge from bankruptcy. Read More

Despite pandemic impacts that have significantly depressed commercial and industrial sales, Xcel Energy of Minneapolis on July 30 reported net income of $287 million, or 54 cents per share, for the second quarter. The figures reflect an increase of $49 million or 8 cents per share compared w… Read More

Technology infrastructure company Switch of Las Vegas and asset-management firm Capital Dynamics on July 23 announced the groundbreaking for three new solar-plus-storage projects, including a 127-MW/240-MWh facility that will be the world's largest behind-the-meter project, according to the … Read More