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The transition to a low-carbon economy will have a big impact on the way we think about natural gas: how we produce, use and transport it. One area where this challenge is particularly acute is the state regulatory frameworks governing gas utilities across the country, and in particular, how those rules line up against the climate goals now being set by a growing number of states.
States that don’t re-envision the way their gas utility systems run will be challenged to meet their climate targets. To help states avoid that fate, EDF has developed a new guide suggesting ways that state regulators can navigate this complex challenge.
The transition to a low-carbon economy will have a big impact on the way we think about natural gas: how we produce, use and transport it. One area where this challenge is particularly acute is the state regulatory frameworks governing gas utilities across the country, and in particular, how those r
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Corning Natural Gas Holding Corporation to be Acquired by Argo Infrastructure Partners, LP for .
Corning Natural Gas Holding Corp.January 13, 2021 GMT
CORNING, N.Y., Jan. 13, 2021 (GLOBE NEWSWIRE) Corning Natural Gas Holding Corporation’s (Corning or the Company) Board of Directors announced they have reached an agreement with an affiliate of Argo Infrastructure Partners, LP (Argo), an independent infrastructure investment manager, in an acquisition worth approximately $150 million. Argo has agreed to acquire all the shares outstanding of Corning common stock (OTCQX: CNIG) for $24.75/share.
Corning Natural Gas Holding Corporation will be acquired by Argo Infrastructure Partners, LP – a private investment group that invests in utility infrastructure – for $150 million.
New York utility Con Edison has signed its biggest energy storage contract to date, a 100-megawatt/400-megawatt-hour lithium-ion battery project that will help balance a grid facing rising levels of offshore wind and other renewable power in the years to come.
Under the contract announced Wednesday, developer 174 Power Global will build the battery system, and Con Edison will bid its power into New York wholesale energy markets for seven years after it starts operations in 2022. After that, 174 Power will take over the battery system’s operations and wholesale market value.
The project being built at a former power plant site in Astoria, Queens is the first bulk energy storage system to be contracted under Con Edison’s request for proposals process launched last year. It’s the biggest utility-contracted battery in the state thus far, though independent power producer LS Power is planning to build at least 300 MW/1,200 MWh of batteries at its Ravenswood power plant