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House Passes Legislation Directing FERC to Enhance Electric Grid Reliability and Affordability

House Passes Legislation Directing FERC to Enhance Electric Grid Reliability and Affordability

The U.S. House of Representatives has passed H.R. 9332, the Load Forecasting Enhancement Act, which mandates the Federal Energy Regulatory Commission (FERC) to collaborate with state public utility commissions. This collaboration will occur through regional joint boards tasked with studying and identifying best practices for electric load forecasting. The primary goal is to improve the reliability and affordability of electric service for consumers. The legislation requires FERC to submit a report to Congress detailing the recommendations from these joint boards. Subsequently, each state regulatory authority will be required to consider incorporating these recommendations into their load forecasting procedures. Additionally, H.R. 6633, the High-Capacity Grid Act, was passed, directing FERC to establish a best-available transmission conductor standard for new and upgraded transmission lines. This standard aims to prevent utilities from recovering costs for conductors that do not meet the specified criteria,...
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CleanSpark Secures $2.25 Billion in Junk Bonds for Meta AI Data Center, Signaling Industry Shift

CleanSpark Secures $2.25 Billion in Junk Bonds for Meta AI Data Center, Signaling Industry Shift

CleanSpark Secures $2.25 Billion in Junk Bonds for Meta AI Data Center, Signaling Industry Shift
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U.S. Utility Leaders Increase AI Adoption to Manage Data Center Demand, Grid Reliability Concerns Rise

U.S. Utility Leaders Increase AI Adoption to Manage Data Center Demand, Grid Reliability Concerns Rise

U.S. Utility Leaders Increase AI Adoption to Manage Data Center Demand, Grid Reliability Concerns Rise
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House Committee Advances Digital Asset Tax Certainty Act, Including De Minimis Exemption for Crypto Transactions

House Committee Advances Digital Asset Tax Certainty Act, Including De Minimis Exemption for Crypto Transactions

House Committee Advances Digital Asset Tax Certainty Act, Including De Minimis Exemption for Crypto Transactions
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Solana Network Triples Transaction Data Capacity Amid Record Activity and Major Upgrades

Solana Network Triples Transaction Data Capacity Amid Record Activity and Major Upgrades

Solana Network Triples Transaction Data Capacity Amid Record Activity and Major Upgrades
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ARACORE Joins Global Dollar Network to Expand Stablecoin Connectivity and Institutional Financial Infrastructure

ARACORE Joins Global Dollar Network to Expand Stablecoin Connectivity and Institutional Financial Infrastructure

ARACORE Joins Global Dollar Network to Expand Stablecoin Connectivity and Institutional Financial Infrastructure
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PJM Interconnection Calls for Demand Response Amid Warm Weather and Outages

PJM Interconnection Calls for Demand Response Amid Warm Weather and Outages

PJM Interconnection has activated Pre-Emergency Demand Response and Emergency Demand Response programs across its footprint on September 17 to manage electricity supply during unusually warm September weather and ongoing maintenance outages. Higher temperatures are driving increased electricity demand within PJM and boosting export needs to neighboring systems experiencing even hotter conditions. PJM is currently in its outage season, typically from mid-September through December, when transmission and generation facilities undergo maintenance. Despite recalling or canceling some outages, approximately 36,000 MW in generation outages and additional transmission outages remain. Pre-Emergency Demand Response was initiated in most zones, with additional Emergency Demand Response called for BGE, PepCo, and Dominion zones. PJM also secured an emergency order from the U.S. Department of Energy, effective through September 18, providing flexibility to address system conditions.
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U.S. House Passes Ratepayer Protection Act to Shift Data Center Energy Costs

U.S. House Passes Ratepayer Protection Act to Shift Data Center Energy Costs

The U.S. House of Representatives has overwhelmingly passed H.R. 9340, known as the Ratepayer Protection Act, with a vote of 417 to 3. This bipartisan legislation, introduced by Representative Gabe Evans (R-Colo.) and Representative Kathy Castor (D-Fla.), aims to ensure that large-scale data centers and computing facilities bear the full financial responsibility for the electrical grid upgrades required to power their operations. The bill amends the Public Utility Regulatory Policies Act of 1978. Under this new federal standard, electric utilities would be mandated to structure rates for large-load customers to recover the complete, incremental costs of any generation, transmission, or distribution upgrades necessary to meet their demand. A large-load customer is defined as a non-residential electric consumer operating information technology infrastructure with a peak electric demand of 100 megawatts or more at a single site or campus. Furthermore, utilities would be required to secure financial assurances...
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House passes bill aimed at addressing impact of data centers on energy costs

House passes bill aimed at addressing impact of data centers on energy costs

The House has approved a bill that aims to have artificial intelligence data centers pay for their substantial energy needs
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Digital Realty Partners with NVIDIA and Emerald AI to Launch Power-Flexible AI Factory in Virginia

Digital Realty Partners with NVIDIA and Emerald AI to Launch Power-Flexible AI Factory in Virginia

Digital Realty Partners with NVIDIA and Emerald AI to Launch Power-Flexible AI Factory in Virginia
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Graphcore Establishes U.S. Engineering Headquarters in Austin Amidst Data Center Controversy

Graphcore Establishes U.S. Engineering Headquarters in Austin Amidst Data Center Controversy

Graphcore Establishes U.S. Engineering Headquarters in Austin Amidst Data Center Controversy
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SK Hynix Faces Power Grid Challenges in South Korea for AI Memory Production

SK Hynix Faces Power Grid Challenges in South Korea for AI Memory Production

SK Hynix Faces Power Grid Challenges in South Korea for AI Memory Production