Energy Moves: Merger Secrets, Arctic Drilling, and California's Heat Struggles
In a series of developments, energy companies and regulators have made significant moves. Public Service Company of New Mexico and Avangrid seek to omit certain information from merger hearings. Meanwhile, the Biden administration has given oil companies the green light to disturb polar bears and Pacific walruses in the Arctic. Indigenous and environmental groups have called for a permanent drilling ban in the Arctic National Wildlife Refuge.
In the energy sector, Public Service Company of New Mexico and Avangrid have asked to exclude details about an Avangrid subsidiary and its parent company from merger hearings. This request comes as the two companies aim to combine their operations.
In a separate development, the Biden administration has allowed oil companies to disturb polar bears and Pacific walruses during exploration and drilling in the Beaufort Sea and Western Arctic. This decision has been met with concern from environmental groups.
Wyoming has added 1.1 GW of wind power generating capacity, ranking sixth in the nation for added renewable capacity. This move underscores the state's commitment to renewable energy.
California's grid operators have issued three times the average annual number of conservation alerts due to extreme heat, drought, and wildfires. This highlights the strain that these conditions are placing on the state's energy infrastructure.
Green Mountain Energy has expressed a desire to compete with Arizona's largest utilities, despite the absence of a competitive market in the state.
In the Arctic, indigenous and environmental groups have called for a permanent ban on oil and gas drilling in the Arctic National Wildlife Refuge. This comes as the U.S. Senate infrastructure bill could potentially boost a struggling LNG export terminal proposed for Alaska's coast.
California regulators have rejected a total of 63 hydraulic fracturing applications, with 42 denied this year alone. This marks a significant increase in the rejection rate for these permits. Meanwhile, Wyoming stakeholders have expressed concerns about the state's preparedness to compete for federal coal transition funds. These developments highlight the complex interplay between energy policy, environmental concerns, and infrastructure development.
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