by Jeff Della Rosa (JDellaRosa@nwabj.com)
Energy industry officials look to greater stability, advanced energy investments and beneficial policies after facing multiple unexpected challenges last year. Surprises included Russia’s invasion of Ukraine and price volatility that impacted inflation, consumers and production investments to meet demand.
Still, advanced energy projects endured amid the expiration of an Arkansas rule ensuring solar array owners maintain projected savings. The grandfathering rule for solar projects expired Dec. 31; however, in late December, the Arkansas Public Service Commission issued a rule to extend it. The rule still needs legislative approval.
Lauren Waldrip, executive director for the Arkansas Advanced Energy Association, was surprised by the rule expiration but said she appreciated the commission’s new ruling, which can be referenced in the rulemaking process. If legislators approve the rule, grandfathering would be extended through May 31, 2040.
