Energy Exchange

Women in Power: These Women Won’t Let the Clean Energy Revolution Pass their City By

By Lauren Faber / Published: June 6, 2014

WIPThis is the third in a series of posts about leading women in the power, environmental science, advocacy, policy, and business sectors. To see previous installments, please use the ‘Search’ field in the left sidebar to search for ‘Women in Power.’  

For many communities across the country that remain overburdened with pollution, the promise of clean energy and livable cities is far from fulfilled. From Los Angeles to Atlanta, people aspire to live in clean, vibrant environments where their children can grow up healthy and safe.

Women often play a unique role in grassroots organizing, and they gain followers by connecting people’s aspiration for a more thriving community with the vision for a low-carbon, sustainable economy.

I recently met two such activists who possess the passion, charisma, and savvy needed to make sure that their communities are not left out of the clean energy revolution. They work tirelessly to bring the benefits and opportunities of this rapidly growing economy to the places where they live. Read More »

Posted in Clean Energy / Tagged , | Comments are closed

Clean Energy Finance 101

By Rachel Neil / Published: June 5, 2014
Library of Congress, Prints and Photographs Collections.

Library of Congress, Prints and Photographs Collections.

As innovative energy products and services come to market, so do new mechanisms to fund them. And existing funding options become more popular. This has resulted in a boom of finance jargon, especially regarding energy efficiency and renewable generation. Though many of the finance terms used in clean energy finance are similar to those used in traditional finance, it’s easy to get lost. We hope this glossary will help those in clean energy navigate the new and growing world of clean energy finance.

Asset Class: A grouping of similar types of investments that behave similarly in the marketplace and are subject to the same laws and regulations. Broad examples of asset classes include:

  1. Equities (also known as stocks) – assets that represent ownership of part of a company.
  2. Bonds – assets that guarantee a fixed payment stream.

Bonds are often further categorized based on structure or source of the payments. Examples of these subclasses include municipal, corporate and mortgage bonds. Read More »

Also posted in Electricity Pricing, Energy Efficiency, Energy Financing, Grid Modernization, On-bill repayment, Renewable Energy / Read 2 Responses

In NJ Settlement, EDF Fights to Strengthen the State’s Energy Infrastructure

By John Finnigan / Published: June 5, 2014
By Jukka Isokoski via Wikimedia Commons

By Jukka Isokoski via Wikimedia Commons

The recent Energy Strong settlement between New Jersey regulators and Public Service Electric & Gas (PSE&G), the state’s largest utility, should help reinforce vulnerable energy infrastructure ahead of future severe storms. Last month, the Board of Public Utilities (BPU) agreed that customers could fund $1.2 billion in PSE&G improvements to New Jersey’s electric grid to make it more resilient and efficient. As a participant in the case, EDF was encouraged that PSE&G agreed to necessary changes to its grid to protect against more extreme weather events.

PSE&G, which had originally asked for $2.6 billion in storm-related hardening funds, submitted its Energy Strong proposal to regulators in the wake of Superstorm Sandy, which knocked out electricity for a third of homes and businesses in the state for weeks.

The BPU denied EDF and other environmental organizations full intervener status, preventing us from mounting a full case that would have included expert witnesses on proven climate science and the increased likelihood of future superstorms, the pressing need to take aggressive action to make our existing electric and gas distribution grids more resilient, and the need to transition to a smarter, more decentralized energy system.  Although our status in the case was limited by the BPU’s decision, we managed to argue for and win some positives for the environment: Read More »

Also posted in Energy Efficiency, Grid Modernization, Methane, Natural Gas / Read 1 Response

Texas Wind Energy Continues to Blow Us Away

By Marita Mirzatuny / Published: June 4, 2014
Source: katsrcool/Flickr

Source: katsrcool/Flickr

We have a lot to celebrate this Global Wind Day (June 15). Across the nation, wind energy accounted for almost one-third of new power capacity over the past five years and the American Wind Energy Association (AWEA) estimates that wind energy has the potential to double over the next few years.

Nowhere is the growth in wind energy more evident than in Texas, the nation’s top wind producing state. Texas’ wind energy generation grew by 13% in 2013 and more than 60% of all wind projects under construction in the first part of the year were in Texas.

This success has been aided by the Renewable Energy Production Tax Credit (PTC), a modest tax credit for new facilities good for ten years after the wind farm’s start date. Like those received by the oil, gas, and nuclear industries, tax incentives help ignite growth in the market. EDF has strongly advocated for this incentive over the past few years.

Unfortunately, the breaks that oil and gas have received over the last 100 years are often (conveniently) ignored by those wanting to maintain the status quo, making the PTC a point of debate among politicians. Read More »

Also posted in Climate, General, Renewable Energy / Comments are closed

Power Plant Rule a Tipping Point for Clean Energy Economy

By Cheryl Roberto / Published: June 3, 2014

powerplantruleFor those of us (and all of you) who’ve been urging the government to implement meaningful climate policy, the release yesterday of a plan to cut carbon emissions from power plants has been a long time coming. But it finally came.

The U.S. Environmental Protection Agency’s proposed carbon pollution rule for existing fossil-fueled power plants – also known as the Clean Power Plan – are a huge win for our climate.

We also think it could go down in history as the tipping point in our nation’s transition to a clean energy economy. Here’s why:

Old, dirty power plants will be retired

The nation’s fleet of coal-fired power plants is the single largest source of carbon pollution in the U.S. and one of the largest in the world. Placing carbon regulations on this source of electricity for the first time in history will transform our energy system. Read More »

Also posted in Clean Power Plan, Climate, Demand Response, Energy Efficiency, Grid Modernization, Renewable Energy, Utility Business Models / Comments are closed

EPA Hands Over the Keys with Clean Power Plan, California Already on Cruise Control

By Derek Walker / Published: June 2, 2014

epaEPA’s Clean Power Plan, proposed today, is a roadmap for cutting dangerous pollution from power plants, and as with any map, there are many roads to follow. For this journey, states are in the driver’s seat and can steer themselves in the direction most beneficial to their people and to the state’s economy, as long as they show EPA they are staying on the map and ultimately reaching the final destination.

As usual, California got off to a head start, explored the territory, blazed a lot of new trails, and left a number of clues on how states can transition to a lower carbon future, and California’s successes are one proven, potential model for other states to follow. The state’s legacy of clean energy and energy efficiency progress is a big reason the White House and EPA could roll out the most significant national climate change action in U.S. history. Read More »

Also posted in Air Quality, California, Cap and Trade, Clean Power Plan, Energy Efficiency, Renewable Energy / Comments are closed