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Infrastructure Finance

ERCOT, the power grid operator for Texas, has warned of flaws in some solar, wind and battery storage resources that could disconnect the grid if there are frequency disturbances such as lightning strikes or equipment failures.
The federal Affordable Connectivity Program has helped 23 million low-income households afford Internet connections to schedule or attend health-care appointments. But the program will soon run out of funds.
The state’s gambling deal with the Seminole Tribe of Florida is expected to bring in $750 million annually, totaling $6 billion through 2030. Currently, 96 percent of the funds are committed to water-quality projects.
Democrats hope an abortion measure gives Biden a chance, but the Sunshine State remains pretty red. The outcome of the presidential race, meanwhile, may turn on a vote in Nebraska.
Although electric vehicle sales grew by 50 percent last year, that is far below the 70 percent growth the industry had forecast. High costs, infrastructure access, charging concerns and grid reliability continue to dissuade drivers.
State Road 516 will be equipped to recharge batteries of electric cars and trucks as they drive along the toll expressway. Although it will be less than five miles long, the road will cost nearly $550 million.
New federal regulations would force a shift to fuel-efficient hybrids and electric vehicles in the coming years. States such as New Jersey are already raising gas taxes and adopting EV fees.
The country needs a lot of new infrastructure. But we keep putting it in the wrong places.
The Effingham City Council unanimously approved an amendment to the city’s zoning ordinance to regulate cryptocurrency mines and data centers, including their noise generation and physical locations.
Due to a series of atmospheric river storms in 2022, several levees broke along Sacramento County’s Cosumnes River, causing three deaths. The levee repairs were completed last year.
The Reconnecting Communities program is giving $3.3 billion to help cities address problems caused by highways. But in most cases, the projects stop short of removing highways altogether.
The Midcontinent Independent System Operator released a draft proposal earlier this month that aims to shift the region away from fossil fuels amid a rising demand for power. But many of the details are uncertain.
As other states ramp up their own development incentives, Texas is experiencing more competition for opportunity zone projects. Of 94 economic incentives projects across the nation this year, just two were in Texas.
The $7.5 million electric crane will help the city forgo around 350,000 gallons of diesel fuel in its lifespan. The machine is the largest of its kind to run entirely on electric power.
The state will launch an alternative system where drivers are charged for each mile they drive. That might replace the gas tax, which hasn’t been updated since 2003. As of 2022, just 0.13 percent of the state’s vehicles were hybrid or electric.
Two political leaders are backing a congressional bill that would lower the cost of homeowner property insurance by about a quarter. In 2023, Florida homes cost three times the national average to insure.