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FERC also reviews proposals to build interstate natural gas pipelines, natural gas storage projects, and liquefied natural gas (LNG) terminals, in addition to licensing non-federal hydropower projects. FERC was created by the U.S. Congress in 1977 in the aftermath of the 1973 oil crisis.
Low natural gas prices have resulted in lower congestion due to i) increased generation from gas-fired generators which are often located nearer to demand centers, and ii) lower fuel costs translating to lower congestion costs; State Renewable Portfolio Standards (RPS) are resulting in increased congestion along specific transmission corridors;
In its annual report, the New Mexico Oil and Gas Association (NMOGA), a trade group representing oil and gas operators throughout the state, said the industry generated $3.36 billion more in ...
Oil and gas production in New Mexico, 2010–2021 A New Mexico oil field, left, with crop circles on right, taken from the ISS in 2006. New Mexico is rich in fossil fuel and alternative energy resources. Major petroleum and natural gas deposits are located in the Permian Basin in southeast New Mexico and in the San Juan Basin in the northwest.
A federal court blocked a company’s license to store nuclear waste in southeast New Mexico after the project faced stern opposition from environmental and industry groups in the years since it ...
In the United States, spot prices for SRECs generally decreased from 2010 to 2014. In New Jersey, the spot price for a 2010 SREC was $665.04 in July 2010 and about $160 in May 2014 for SRECs generated in different years. In Delaware, the spot price for a 2010 SREC was $255 in July 2010 and about $50 in May 2014 for SRECs generated in different ...
Regular military salaries of New Mexico residents serving in the U.S. military are subject to the income tax, but since 2007, active-duty military salaries have been exempt from the state income tax. [7] [8] Personal income tax rates for New Mexico range from 1.7% to 4.9%, within four income brackets. [9]
A generator interlock kit (or just interlock kit) is a device designed to allow safe powering of a home by a portable generator during a power outage. It is a less-expensive alternative to purchasing and installing a dedicated transfer switch .
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