Energy
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Consumers Energy rate hike approved, bills set to rise in May
The Michigan Public Service Commission approved a rate hike for Consumers Energy that will allow the utility to collect an additional $276.6 million in revenue from its electricity customers.
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Gas prices reach $4 a gallon for first time in US since August 2022 amid Iran war
Gas prices have increased more than a dollar per gallon over the last month
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Iran strike sets loaded oil tanker ablaze in Dubai
The attack, which came despite stepped-up security, comes with oil prices already settling above $100 per barrel, nearly double the price in January
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Iran threatens to disrupt global energy markets, but its ability to do so is limited, experts say
Will Iran take the gamble? Closing the Strait of Hormuz would cause a brief but huge disruption for the world’s energy markets, experts say, but such a drastic move would not be without consequences for Iran.
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Hyundai details $6B steel mill in Louisiana, commitment to 'hydrogen economy'
The proposed mill is projected to be operational by 2029, but company officials acknowledged significant challenges ahead, including the high cost of hydrogen production and uncertainty around future federal tax incentives.
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Transportation energy prices skyrocket over weekend
Combustion engine consumers, which make up more than 8 million vehicle registrations, are paying $3.53 on average for diesel. Nationally, it’s $3.67.
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Climate superfunds in N.Y., Vermont will harm consumers even if courts nix them, experts say
Vermont and New York passed “climate superfund” laws, which levy billions in fines against oil companies for legal products, and now other progressive blue states are considering them. The laws face legal challenges, but however courts decide, consumers will pay the costs, experts say.
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Electric bills could increase as Entergy pursues major grid projects
As previously reported, ratepayers will be responsible for $470 million in upgrades to serve the Meta facility.
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Trump blocked Biden-era plan to remove Snake River dams, and he may have prevented an eco-disaster
If the experiences of those in northern California living along the Klamath River are any indication, Trump is right that a dam-removal project on the Snake River would cause serious and lasting impacts.
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U.S. gas prices expected to rise amid Middle East conflicts
GasBuddy noted that nation's average price of gasoline increased for the first time since May, climbing 1.1 cents compared to a week ago. GasBuddy said the U.S. average stands at $3.08 per gallon.
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Congress repealed the mandate and sales are weak, but California determined to get drivers in EVs
California joined blue states in suing the Trump administration over its repeal of the federal waiver allowing California and over a dozen other states to mandate EVs. Even if the court sides with the plaintiffs, proponents of the mandates will have to convince consumers to get onboard.
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WA’s carbon allowance costs up; critics assail Ecology's 'dishonest' take on gas prices
Under the Climate Commitment Act of 2021, emitters must obtain “emissions allowances” equal to their covered greenhouse gas emissions at quarterly auctions hosted by the Department of Ecology.
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Report: Regional power grid prepared for hotter, wetter summer
The reports show, said PUC’s press release, that utilities and PJM have made extensive preparations to meet expected summer electricity demands, including system upgrades, emergency response planning, and coordination with regional partners.