Chattanooga EPB’s Gigabit Generated $2.7 Billion in Economic Benefits

EPB-fiber-optics-network

Telecompetitor – EPB of Chattanooga’s gigabit broadband infrastructure has generated $2.69 billion in economic benefits to the community during its first decade of operation, according to a gigabit economic benefits report from the Rollins College of Business at the University of Tennessee at Chattanooga. The study, which was conducted by Bento Lobo, Ph.D., head of the Department of Finance and Economics, identified five ways in which EBP of Chattanooga has benefited the community:

The infrastructure created and retained 9,516 jobs, which is about 40% of jobs created in Hamilton County during the study period.

The project kept unemployment down. This is especially true during the COVID-19 pandemic. The network enabled businesses to transition quickly to remote work. The U.S. Bureau of Labor Statistics says that the county’s unemployment rate in November 2020 was 4.7%. That’s a lower rate than the state of Tennessee overall and also lower than in the U.S. overall (5.3% and 6.7%, respectively).

READ MORE ….

Santee Cooper approves $2M settlement in final VC Summer nuclear project lawsuit

santee-cooper

The State – Santee Cooper’s board approved a $2 million settlement Monday in the final lawsuit stemming from the failed V.C. Summer nuclear plant project.

Between 2014 and 2016, South Carolina’s public utility issued mini-bonds to individual investors in an effort to raise money for infrastructure projects, mainly the nuclear plant project in Fairfield County. The mini-bond sales would typically bring in $20 million to $25 million from investors into the state-owned utility, said Santee Cooper spokesperson Mollie Gore.

But in 2019, investors sued Santee Cooper, alleging the utility did not disclose issues surrounding the $9 billion nuclear project, leading to low interest rates.

READ MORE ….

Importance of Electrical Construction Permit Inspections

3-Phase-Image

THE PERMIT AND INSPECTION PROCESS IS ESSENTIAL TO ENSURE THAT CODES, REGULATIONS, AND SAFETY ARE ENFORCED TO HELP PREVENT FAULTY OR POOR INSTALLATIONS THAT COULD JEOPARDIZE HUMAN LIFE. IN MOST CASES, ENGINEERING BLUEPRINT DRAWINGS ARE REQUIRED TO BE SUBMITTED ALONG WITH THE PERMIT REQUEST WHICH MUST BE SEALED BY A REGISTERED PROFESSIONAL ENGINEER (PE). OTHER PERMITS WITH SEALED DRAWING PLANS ARE REQUIRED FOR EACH DISCIPLINE, SUCH AS, ARCHITECTURAL, CIVIL, ELECTRICAL, FIRE PROTECTION, MECHANICAL, PLUMBING, STRUCTURAL, ETC.

READ MORE ….

State regulators fine Xcel Energy $1M over dispute with solar developers

solar-farm

StarTribune – Minnesota utility regulators Thursday slapped Xcel Energy with a rare $1 million fine for a bevy of complaints over delays in connecting solar projects to the electricity grid.

Almost all of the roughly 120 complaints were filed by St. Paul-based All Energy Solar in 2019. A solar trade group said All Energy’s grievances reflect longstanding and costly interconnection problems with Xcel for the entire industry.

Minneapolis-based Xcel, the state’s largest electric utility, has acknowledged shortcomings. But it argues that the big batch of complaints should be rolled into one.

The Minnesota Public Utilities Commission (PUC) unanimously disagreed with Xcel’s assertion but split on whether to immediately hit Xcel with the $1 million fine.

READ MORE ….

Dominion files plans with federal regulators for 2.6 GW offshore wind project, largest in US to date

Dominion-Wind-Energy

UtilityDive – Dominion Energy has filed the construction and operations plan for its 2.64 GW offshore wind project, with construction expected to start off the coast of Virginia in 2024. The anticipated filing with the Bureau of Ocean Energy Management (BOEM) was made after Dominion completed construction of a 12 MW pilot offshore wind project in Virginia — the first offshore wind turbines approved by regulators in federal waters. The company expects the BOEM review process for the largest offshore wind farm in the country announced to date to take about two years.

The offshore wind generation capacity is a large component of the utility’s clean energy plan, to meet the state’s rigid decarbonization standards in the Clean Economy Act passed earlier in 2020. Pending approval of the project by the State Corporation Commission and federal regulators, the project would provide renewable electricity to power up to 660,000 homes upon completion in 2026.

READ MORE ….

Why Grid-Tied Solar Power Systems Are Recommended Over Other Solar Systems?

Off-Grid-Solar-System-with-Backup
by the 3 Phase Associates “TEAM”
Renewable energy and distributed energy resources (DERs) continue to flood the electric utility grid providing cleaner and more sustainable energy. As the traditional power grid evolves into a smarter electric grid, environmental regulations push for more cleaner renewable energy sources. Solar PV electric power systems are leading the path in this effort with improvements in technologies, efficiencies, and cost reductions. The grid-tied solar systems are gaining popularity and becoming more favored over other solar electric systems. 
Click here to continue reading….