Pacific Power analysis shows storage pilot projects currently uneconomic; Cutting loose generation lifts earnings for FirstEnergy; Colorado Senate approves second storage bill, waits on House ; Understanding grid resilience implications for market design: Beyond the NETL study
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The law goes further than other performance-based efforts, directing the PUC to "break the direct link" between utility revenues and capital investments.
The company's prospects also were bolstered by an agreement with creditors in the bankruptcy proceeding of subsidiaries FirstEnergy Solutions and FirstEnergy Nuclear Operating.
The bill would "establish mechanisms" for investor-owned electric utilities to procure energy storage systems, though certain criteria would need to be met.
Researchers at Resources for the Future and the R Street Institute offer an alternative approach to the recent National Energy Technology Laboratory study.
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