On Sunday, August 29, Hurricane Ida made landfall near Port Fourchon, Louisiana, as a Category 4 hurricane. As a result of the hurricane, 96% of crude oil production and 94% of natural gas production in the U.S. federally administered areas…
ENERGY & UTILITIES NEWS
OUR TEAM OF AUDITORS HAVE OVER 50 YEARS OF EXPERIENCE IN BOTH THE UTILITY AND TELECOM INDUSTRY.
Hurricane Ida caused at least 1.2 million electricity customers to lose power
Hurricane Ida resulted in service outages for up to 1.2 million electricity customers across eight states, according to situation reports from the U.S. Department of Energy’s Office of Cybersecurity, Energy Security, and Emergency Response (CESER). Hurricane Ida made landfall on…
Electric load in southern MISO fell as Hurricane Ida moved through Louisiana
As Category 4 Hurricane Ida made landfall along the Southeast coast of Louisiana near New Orleans on August 29, 2021, the electric load in the southern region of the Midcontinent Independent System Operator (MISO) decreased. Hourly electric loads on August…
EIA releases plant-level U.S. biofuels production capacity data
As of January 1, 2021, total U.S. biofuels plant production capacity reached 21 billion gallons per year (gal/y) (or 1.3 million barrels per day [b/d]), as reported by 278 facilities. Fuel ethanol producers accounted for 85% of U.S. total biofuels…
U.S. natural gas consumption to decline through 2022, led by the electric power sector
In EIA’s September Short-Term Energy Outlook, we expect U.S. consumption of natural gas to decline in 2021 and 2022 from 2020 levels. We forecast that consumption of natural gas will decline in all end-use sectors in the United States except…
In 2019, U.S. inflation-adjusted energy expenditures fell 5%
U.S. energy expenditures, or the amount of money spent by consumers to purchase energy, fell to $1.2 trillion in 2019, down 5% in real terms compared with 2018, according to the latest data in our State Energy Data System (SEDS).…
Number of drilled but uncompleted wells declines
Based on our latest Drilling Productivity Report (DPR), 5,957 drilled but uncompleted wells (DUCs) were in the United States in all DPR regions in July 2021, the lowest for any month since November 2017. The decline in DUCs in most…
Hydropower made up 66% of Brazil’s electricity generation in 2020
Brazil largely relies on hydropower for electricity generation; in 2020, hydropower supplied 66% of its electricity demand. Wind and solar generation have grown quickly in recent years and had a combined 11% share of the country’s electricity generation in 2020.…
Pre-Labor Day retail gasoline prices at highest level since 2014
On August 30, 2021, the Monday before Labor Day weekend, the U.S. retail price of regular gasoline averaged $3.15 per gallon (gal), an increase of 92 cents/gal (42%) compared with the same time in 2020, according to our Gasoline and…
U.S. solar photovoltaic module shipments up 33% in 2020
Despite the global COVID-19 pandemic, U.S shipments of solar photovoltaic (PV) modules (also referred to as solar panels) reached a record high of 21.8 million peak kilowatts (kW) in 2020, 5.4 million peak kW more than in 2019.
