California’s SB 775 would prohibit interaction with other states’ cap and trade programs. The best alternative to a federal program is a network of state markets.
“A cap-and-trade program in Virginia would be the third in the U.S., and buck direction from the White House to pull back on carbon regulation.”
Source: Virginia to establish cap-and-trade program in push to regulate carbon emissions | Utility Dive
I’ve been struck by the lack of panic in the energy industry about President Trump’s decision. This article goes into that underlying confidence that the momentum appears unstoppable.
WASHINGTON — President Trump’s decision to abandon the Paris Accord will slow the battle against climate change in the U.S., but there’s too much momentum in the nation’s clean-energy economy to shut it down, energy experts say.
Source: Clean energy too big to be shut down by Trump – San Francisco Chronicle
Solar and wind power combined also hit a peak on the same day by serving 49.2% of demand.
Source: CAISO notches record, serving 56.7% of demand with renewable energy in one day | Utility Dive
Westinghouse has a long history, rivaling General Electric for decades. The two nuclear plants its constructing are overbudget and behind schedule (which was already nearly a decade to completion.) Hard to believe any firm will want to take on these risks in the future.
Reports: Nuclear firm Westinghouse Electric to file for bankruptcy next week | Utility Dive
Utilities are already preparing for potential fallout if the engineering firm overseeing construction of the Vogtle and VC Summer nuclear units goes under.
Source: Reports: Nuclear firm Westinghouse Electric to file for bankruptcy next week | Utility Dive
It’s not environmental regulation now that is leading to the demise of the coal industry–it’s the cheaper cost of alternatives. Rather than “bring back coal mining jobs,” we should focus on how we retrain and relocate those displaced workers. And we need to look for new industries that may thrive in “coal country.”
Moody’s: Falling wind energy costs threaten Midwestern coal plants | Utility Dive
In the Midwest, the investor services firm sees 56 GW of regulated coal-fired capacity at risk.
Source: Moody’s: Falling wind energy costs threaten Midwestern coal plants | Utility Dive
Over the last year, various states have introduced subsidies and preferences for different electricity resources that have circumvented the independent system operator (ISO) markets that the Federal Energy Regulatory Commission (FERC) approved in the 1990s. FERC’s intent was that hourly markets would provide all of the price signals needed to induce appropriate investment. As we’ve found out in California, that hasn’t worked out that way. These markets have difficulty conveying the full price information for all services (in part because many utility-owned generators are subsidized through state rate of return regulation) and the environmental and technological benefits that may be difficult to monetize in an hourly price.
FERC has challenged some of these new rules, and both won and lost in the courts. Now the market monitor in the biggest market in the U.S. that covers the Northeast and Midwest is joining the fight. If the market monitor wins, this will raise the salient question of whether FERC needs to rethink its policy, or will states begin to withdraw from the ISOs to pursue their own policy goals?
PJM market monitor opposes Illinois nuclear subsidies | Utility Dive
The market monitor argues the state’s subsidies “unlawfully intruded” on FERC’s authority over wholesale interstate electricity sales.
Source: PJM market monitor opposes Illinois nuclear subsidies | Utility Dive
Five graphics that show strong growth in U.S. wind energy after a two-year slowdown
Source: How the US Wind Sector Is Building Momentum, Driving Economic Benefits | Greentech Media