Mark Chediak

San Francisco

Reporter writing about renewables, utilities and climate change for @business. @ucbsoj alum. Jayhawk fan. Opinions are my own. Retweets aren't endorsements.

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Articles

New York Says Power Supply Stable After Warning of Shortages (1)

3 days ago | news.bloombergtax.com | Naureen Malik |Mark Chediak |Brian Sullivan

New York’s grid operator says that power supplies are stable after briefly issuing a rare energy warning as a blistering heat wave forced residents in the region to crank up their air conditioning. Wholesale electricity prices on Long Island soared above $7,300 a megawatt-hour on Tuesday evening with prices in New York City hitting $2,999. New York’s Central Park reached 99F (37C) Tuesday afternoon, setting a record high for that date.
Houston's Electric Utility Is Prepared for Storms After 2024 Blackout, CEO Says

1 week ago | financialpost.com | Naureen Malik |Mark Chediak

Article content(Bloomberg) — Houston’s electric utility is confident significant grid investments will prevent a repeat of widespread blackouts that occurred last summer following Hurricane Beryl. Sign In or Create an AccountArticle contentCenterPoint Energy Inc.
Houston’s Electric Utility Is Prepared for Storms After 2024 Blackout, CEO Says

1 week ago | bloomberg.com | Naureen Malik |Mark Chediak

Downed power lines following Hurricane Beryl in July 2024. (Bloomberg) -- Houston’s electric utility is confident significant grid investments will prevent a repeat of widespread blackouts that occurred last summer following Hurricane Beryl. CenterPoint Energy Inc.
Senate GOP Favors Round-The-Clock Power Over Solar and Wind

1 week ago | news.bloomberglaw.com | Mark Chediak

Senate Republicans would use their version of Donald Trump’s massive tax and spending bill to boost round-the-clock energy sources while slashing US incentives for solar and wind, echoing his administration’s hostility to intermittent renewable power. Generous tax credits for nuclear and geothermal power would phase out by 2036, while incentives for wind and large-scale solar would end by 2028, according to a draft of the legislation released late Monday.
Senate GOP Favors Round-The-Clock Power Over Solar and Wind

1 week ago | financialpost.com | Mark Chediak

Article content(Bloomberg) — Senate Republicans would use their version of Donald Trump’s massive tax and spending bill to boost round-the-clock energy sources while slashing US incentives for solar and wind, echoing his administration’s hostility to intermittent renewable power.
Senate GOP Favors Round-The-Clock Power Over Solar and Wind

1 week ago | bloomberg.com | Mark Chediak

A cooling tower at a nuclear power plant in Middletown, Pennsylvania, in 2024. (Bloomberg) -- Senate Republicans would use their version of Donald Trump’s massive tax and spending bill to boost round-the-clock energy sources while slashing US incentives for solar and wind, echoing his administration’s hostility to intermittent renewable power.
Trump's Repeal of Pollution Rules Paves Way for New Dirty Plants

2 weeks ago | financialpost.com | Mark Chediak

Advertisement 1The Trump administration’s plan to repeal power-plant pollution mandates will make it easier and cheaper for utilities to build new fossil fuel-fired plants, while stalling investment in clean energy. Article content(Bloomberg) — The Trump administration’s plan to repeal power-plant pollution mandates will make it easier and cheaper for utilities to build new fossil fuel-fired plants, while stalling investment in clean energy.
Trump’s Repeal of Pollution Rules Paves Way for New Dirty Plants

2 weeks ago | bloomberg.com | Mark Chediak

The Gateway Generating Station natural gas-fired power plant in Antioch, California. (Bloomberg) -- The Trump administration’s plan to repeal power-plant pollution mandates will make it easier and cheaper for utilities to build new fossil fuel-fired plants, while stalling investment in clean energy. The proposal unveiled Wednesday by the Environmental Protection Agency would eliminate a Biden-era rule requiring power plants to curb their greenhouse-gas emissions.
Solar bankruptcies show US clean energy industry is teetering on the brink

2 weeks ago | mercurynews.com | Mark Chediak

The US clean energy industry is starting to buckle under the weight of persistently elevated borrowing costs, President Donald Trump’s anti-renewables policies and high tariffs. The latest domino to fall is residential solar company Sunnova Energy International Inc., which filed for bankruptcy early Monday. Its demise follows the Chapter 11 filing last week of Solar Mosaic LLC, one of the biggest lenders in the rooftop solar market.
Solar Bankruptcies Show US Clean Energy Industry Is Teetering on the Brink

2 weeks ago | bloomberg.com | Mark Chediak

Homes with solar panel installations in Rocklin, California. (Bloomberg) -- The US clean energy industry is starting to buckle under the weight of persistently elevated borrowing costs, President Donald Trump’s anti-renewables policies and high tariffs. The latest domino to fall is residential solar company Sunnova Energy International Inc., which filed for bankruptcy early Monday.