Energy Exchange

HB 6 – The fight is not over in Ohio

Ohio’s legislature passed FirstEnergy Solutions’ bailout bill last month over deafening and unusually widespread opposition. House Bill 6 not only grants the bankrupt energy company $150 million a year in ratepayer funds to bail out its uneconomic nuclear plants, it also subsidizes dirty coal units and guts the state’s clean energy industry that has created 112,000 jobs, with more than 5,000 in 2018 alone.

For FirstEnergy, it was a brilliant twofer — obtain massive subsidies and stifle competition. But it looks like Ohioans may have the final say in the voting booth.

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Also posted in Clean Energy, FirstEnergy, Ohio / Comments are closed

Transforming transportation in New Jersey

There is no summer slowdown for New Jersey. State lawmakers are working hard to meet the state’s clean energy goals. Shortly before releasing the state’s Draft Energy Master Plan, Gov. Phil Murphy introduced the New Jersey Partnership to Plug-In, a first-of-its-kind collaboration between the Board of Public Utilities, the Department of Environmental Protection (DEP) and the Economic Development Authority to build the necessary infrastructure to support electric vehicle ownership statewide, cut pollution and clean up the air.

As one of five states in the U.S. requiring 50% of its power be sourced from renewables by 2030 and to reach 100% clean energy by 2050, New Jersey is moving on a path toward decarbonization, reducing its reliance on fossil fuels, to meet its aggressive climate goals, and to contribute to the nationwide – if not global – task of avoiding the worst consequences of climate change. But decarbonizing the power sector isn’t enough.

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Also posted in Air Quality, Clean Energy, Electric Vehicles, New Jersey / Comments are closed

New analysis shows golden opportunity for New Mexico to dramatically reduce oil and gas methane pollution

By Jon Goldstein and Hillary Hull

A new EDF analysis reveals that, over the next five years, New Mexico policymakers have the opportunity to eliminate up to 60% of methane emissions stemming from the oil and gas industry by implementing a suite of nationally leading controls.

Methane is a potent climate pollutant and the main ingredient in natural gas. Methane that escapes from oil and gas facilities is damaging to the climate and the state’s economy.

Our analysis finds that by implementing leading practices for methane capture, New Mexico can make a serious dent in its headline-making pollution problem, save more than $5 billion worth of natural gas and add more than $730 million to the state budget over the next decade. These measures will protect children’s health and improve education funding for the next generation of New Mexicans.

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Also posted in Air Quality, Methane, New Mexico / Comments are closed

FirstEnergy’s bailout campaign is filled with all kinds of wrong. Please let a failed HB 6 be the end of it.

Since it was first filed in the Ohio legislature, HB 6 has been pitched as a necessary savior for a struggling Ohio utility and employer. FirstEnergy Solutions’ nuclear plants are losing money, the sales pitch goes, and the publicly-traded company needs $150 million a year by June 30 or it will shut down the plants and Ohio will lose 4,000 jobs.

Let me suggest that everything about this is wrong.

The June 30 deadline was wrong

We know now that the June 30 deadline was wrong because, well, it’s after June 30. When the deadline passed, FirstEnergy told reporters that it will proceed with taking steps to shut down the plants, but it can reverse course at a later date. Perhaps FirstEnergy’s leadership knew it was a false deadline, like the many other times the company cried wolf.

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Also posted in Clean Energy, FirstEnergy, Ohio / Comments are closed

The FirstEnergy bailout bill benefits out-of-state executives and investors, not Ohioans

FirstEnergy and its supportive legislators have tied themselves in knots to sell their bailout bill (HB 6), a $1.4 billion money grab by a publicly traded company and its speculative, out-of-state investors that made a bad bet on a declining business.

They’ve been lying to Ohioans, claiming that HB 6 is a panacea that will clean the air, preserve local jobs and keep the lights on across Ohio. But it isn’t about any of that. And it’s barely about Ohio. Ohioans deserve to know the truth, and the legislature should reject this dishonest bill.

FirstEnergy claims it needs $150 to $190 million a year from Ohioans to keep two old nuclear plants online. And this would be the fifth time Ohioans will have paid for these plants. They first paid when the plants were built. They paid again in 1999 when the electricity market was restructured. They paid again when companies were allowed to add plants back into their supply plans in 2008. And finally, they’ve paid via the bailout ruling approved by the Public Utilities Commission of Ohio in 2016.

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Also posted in Clean Energy, FirstEnergy, Ohio / Comments are closed

How to decarbonize California’s economy without breaking the bank

As temperatures rise and the impacts of climate change become more prevalent, California is aggressively implementing solutions that will take more greenhouse gases out of the atmosphere. California has one of the most ambitious climate goals of any state in the country, pledging to get to 100% clean electric power by 2045.

To get to 100% clean electricity, California will have to remove carbon (or “decarbonize”) in two major areas: vehicles and buildings. For California’s residential and commercial buildings – which, combined, make up about 25% of the state’s total greenhouse gas pollution — decarbonizing means changing how we heat (space heating for warmth, water heating and clothes drying are the best examples) and how we cook.

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Also posted in California, Clean Energy, Natural Gas / Comments are closed