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Your Weekly Energy News Roundup
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US ENERGY UPDATE | July 11, 2024 View this email in your browser
As The Heat Rises, Texas Needs All Energy Sources
Low-cost renewable energy is making significant contributions to reliability while lowering costs to protect consumers from skyrocketing electricity bills. The benefits of renewables and battery energy storage are especially valuable during daytime peak demand when solar power delivers much-needed capacity, during the evening and morning hours when wind power ramps up, and as batteries quickly respond to urgent grid conditions.
Devon Energy Nabs Williston Basin Driller in $5 Billion Deal
The acquisition is the latest in a wave of private-equity exits from the U.S. oil patch that is extending beyond the more popular Permian Basin. That region has been the locale for multibillion-dollar acquisitions by big publicly traded buyers from private-equity-backed sellers over the past year.
Nebraska Lawmakers Look to Understand, Curb Potential Abuses of Eminent Domain
Eminent domain has been controversial, particularly in current efforts to build carbon dioxide pipelines through several Midwest states, including Nebraska. In those cases, private companies have clashed with states, counties or individual landowners.
How The Chevron Ruling Could Change Congress
That 6-3 decision in late June, overturned a long-standing doctrine known as “Chevron deference,” which for four decades directed judges to defer to the expertise of agencies in implementing laws.Republicans looking for ways to weaken the so-called administrative state cheered the decision, while Democrats are worried the ruling could leave judges as the ultimate arbiters of agency policy. Now, many say, Congress will have to pick up the slack by writing bills with more detail.
Vistra, Constellation Energy Surge on Clean Energy Demand Bets to Power AI Tech
Nuclear energy companies such as Constellation and Vistra are particularly expected to benefit from the U.S. government’s push for big tech firms to invest in new climate-friendly energy generation to cater to surging AI power needs.
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