Economy

"New England is at an energy crossroads: Demand for electricity is expected to rise for the first time in nearly 20 years. Offshore wind and other renewables aren't being built at the speed and price once predicted. And many people still have sticker shock after a winter of exceptionally high utility bills."

"Campaigns in this fall’s races for New Jersey and Virginia governors, as well as candidates in the upcoming midterms, are taking note of surging utility bills, in the latest sign that affordability has become central to campaigns at all levels."

With massive data centers coming on-line faster than power plants can be built resulting in strains to electric grids, states and grid operators are proposing steps to keep the power flowing.

"'Everywhere we went, people treated energy availability as a given,' Rui Ma wrote on X after returning from a recent tour of China’s AI hubs."

"The clean energy will be used to power AI servers and the electricity it generates will be sold to one company: Microsoft."

"If New Jersey is truly committed to incentivizing the development of new generation mixes in-state to meet growing electricity demand, then natural gas must be part of the plan and included in the EMP."

"A major portion of the project is the replacement of the Vincent R. Casciano Bridge over Newark Bay with twin cable-stayed bridges."

"It’s important to remember that New Jersey electric companies don’t control or earn any profit from electric supply prices. We have been sounding the alarm on the power supply-demand imbalance and advocating for market reforms for years."

"As New Jersey families endure summer heatwaves, there’s growing support for practical energy policies that keep the lights on and air conditioning running."

"New Jersey has launched a landmark energy storage initiative that aims to deliver 2GW of capacity by 2030 while cutting long-term electricity costs and strengthening grid reliability."

Some blame PJM, others the Governor. How about both?

"The investment in Pennsylvania comes less than a week after Amazon said it will invest $10 billion in North Carolina and announced plans to invest more than $5 billion in its new cloud infrastructure in Taiwan."

"Traffic congestion, decaying infrastructure, and a struggling transit system have pushed the city to act."

"For New Jersey, the path forward hinges on addressing its power infrastructure challenges and maintaining its competitive edge through continued investment and innovation. Success will mean not only capturing a share of this high-growth sector but also reaping the economic and jobs benefits that come with it."

“An increase of slightly more than 4 percent might not seem too hard to absorb, but combine that with a 20 percent increase for the cost of electricity and inflation and the summer forecast looks grim for the average consumer,”

Dive Brief: U.S. electricity demand could grow 25% from 2023 to 2030 and 78% by 2050, driven in the near term by artificial intelligence data...