Daily edition | July 24, 2019 Note from the editor Though the energy transition seems rapid, a total industry overhaul takes time.
As utility investments move toward distributed resources and energy efficiency, regulators, policymakers and others are working to push that needle further through performance-based incentives. Efforts to shift away from the traditional cost of service model "can reduce the friction of transition until, finally, the utility culture changes," say stakeholders.
Today we're publishing the second of a two-part installment on performance-based ratemaking. The first installment can be found here.
What other efforts are in the works to shift rate incentives? Are current efforts successful or do they fall short? As always, we'd love to hear from you.
Thank you for reading,
 Catherine Morehouse
Associate Editor, Utility Dive
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UPDATED The bill creates a $1.1 billion nuclear subsidy and provides $50 million per year in coal plant subsidies. |
Deep Dive While performance incentives can't "bribe a utility into being something fundamentally different," they can fundamentally reduce the friction of transition. |
Delta-Montrose Electric Association and Tri-State Generation and Transmission Association say they have negotiated a fair exit fee, though the amount will not be made public until next year. |
A coalition of independent energy producers and environmentalists are looking to launch a referendum, which could prevent HB 6 from becoming law until November 2020. |
The sector has continued an upward trend since 2016, raising a record amount during the first six months of 2019, according to a new report. |
The staging area would enable offshore wind construction throughout the region, particularly for Ørsted’s 120 MW offshore wind farm off the border of Maryland and Delaware. |
Energy from the project will be sold through a 12-year hedge agreement, the first time the Duke subsidiary has used such a financing mechanism for solar. |
Deep Dive As the push to upend traditional utility business models grows across the country, new leading efforts are showing results where others missed the mark. |
What We're Reading  The New York Times |
 Bloomberg |
 Hawaii Public Radio |
 Energy News Network |
 Reuters |
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