State of Industry

Texas PUC Shelves $1B Grid Credit Mechanism

The Public Utility Commission of Texas (PUCT) has unanimously decided to shelve the proposed $1 billion Performance Credit Mechanism (PCM) for power generators, concluding that it would not deliver the anticipated grid reliability benefits. The PCM was conceived as a means to incentivize power...

Impact of Cutting Canada's Carbon Tax on Emissions and Climate Goals

Canada's carbon tax has long been a topic of debate. As the federal government implements and adjusts its policies to address climate change, the carbon tax has emerged as a central tool in reducing greenhouse gas emissions and fostering a transition to cleaner energy. However, recent discussions...

Changing Utility Business Models And Electricity Investment In Europe

The traditional utility business model of selling electricity from large-scale thermal power plants and expanding grids to meet rising demand historically has supported strong balance sheets. With this financial strength, utility retained earnings served as the primary financing source for the...

PSE&G Fined $6.6M for Misreporting Transmission Needs

Public Service Electric & Gas Co. (PSE&G), New Jersey’s largest utility provider, has agreed to pay $6.6 million following an investigation into its inaccurate reporting regarding the need for a local transmission project within the PJM Interconnection, the regional grid operator...

Power Grid Hacking: US Government Condemns Russia

WASHINGTON – Russia is involved in U.S. Power Grid Hacking, nuclear facilities, water processing plants, aviation systems, and other critical infrastructure that millions of Americans rely on, according to a new joint analysis by the FBI and the Department of Homeland Security. In an...

Deep Packet Inspection Firewalls

Protecting legacy SCADA systems from cyberattacks BY ERIC BYRES, Belden Over the past decade, the power industry has embraced network technologies such as Ethernet and transmission control protocol (TCP)/Internet protocol suite (IP) for supervisory control and data acquisition (SCADA) and...

Home News State of Industry