Energy Exchange

Why We Still Need America’s Nuclear Power Plants — At Least for Now

By John Finnigan / Published: April 17, 2017

Today’s American nuclear power industry is in a state of upheaval. Four new, large-scale nuclear power plants are under construction in the United States, helped by large federal subsidies. All are being built by Westinghouse, and all have faced massive cost overruns and delays. Westinghouse’s parent company, Toshiba, recently posted a $6 billion loss due to Westinghouse’s nuclear woes. (For context, that loss is half a billion more than Toshiba spent to buy Westinghouse a decade ago.) Westinghouse filed for bankruptcy protection on March 29.

Westinghouse’s bankruptcy shines a spotlight on nuclear power’s role as an electricity source – currently providing about 17 percent of our electricity in the U.S. – and raises issues concerning whether we can count on low-carbon electricity from nuclear power. The Energy Information Administration projects nuclear power’s share of electricity generation will decline slightly through 2040, but these projections don’t reflect current trends.

Existing plants face challenging economics

Nuclear plants have long been very expensive to build, and the continued low price of natural gas has only increased cost pressure. Many nuclear plants are losing money, leading utilities to consider retiring them. Total nuclear capacity is declining, and will continue to decline in the near future as plant retirements exceed the capacity of Westinghouse’s Vogtle and Summer plants, expected to come online in 2019-2020. Read More »

Also posted in Clean Energy, New York, Utility Business Models / Read 7 Responses

With New Distributed Energy Rebate, Illinois Could Challenge New York in Utility Innovation

By EDF Blogs / Published: March 29, 2017

By Andrew Barbeau, senior clean energy consultant

How does the electric utility fit in to a rapidly-evolving energy system? That’s what the Illinois Commerce Commission is trying to determine with its new effort, “NextGrid.” Together, we’re rethinking the roles of the utility, the customer, and energy solution providers in a 21^st-century electric grid.

In some ways, NextGrid will follow in the footsteps of New York’s innovative Reforming the Energy Vision (REV) process, a multi-year effort to re-examine how electric utilities and customers interact. A new approach is essential to accelerating the adoption of clean energy technologies and services in the state.

Like REV, NextGrid is gaining national attention for stakeholder-driven processes to reveal new ways to value distributed energy resources (DER), like rooftop solar and batteries. New York and Illinois’ efforts also seek alternatives to simply building more and more wires, poles, and power plants to meet the energy needs of tomorrow.

Yet, Illinois may go a few steps beyond New York, creating a comprehensive framework for utilities to measure how DER are making the grid smarter and more efficient. Here is what we know will happen so far.

Also posted in Clean Energy, Grid Modernization, Utility Business Models / Read 2 Responses

Keeping America Great: Smart Rules Can Help The Economy And Nature Prosper

By Diane Regas / Published: March 21, 2017

Barely a month after his inauguration, President Trump is proceeding with plans to dismantle protections under the Clean Air Act and Clean Water Act. The targets include limiting pollution into streams and wetlands that flow into drinking water for a hundred million Americans, automobile fuel economy standards that cut tailpipe pollution, and performance standards under the Clean Power Plan that would boost renewable power and fight climate change. Trump and his EPA Administrator, Scott Pruitt, have drawn up reckless plans to slash EPA’s budget—greeted with derision even by some Republicans in Congress. With the tragic story of Flint still fresh in people’s minds, the President is betraying the demands of his own supporters — fully 64% of Trump voters want to maintain or increase spending on environmental protection.

These actions are a tragic wrong turn for the country — and not just because they threaten to roll back decades of progress on air and water pollution, and the recent steps forward on climate change.

What I especially worry about are the lost opportunities for economic growth, new jobs, and the competitiveness of American companies — at a time when China and others are stepping up.

Also posted in California, Clean Energy, Energy Financing, Energy Innovation, Grid Modernization, Renewable Energy / Tagged green jobs | Comments are closed

How Electricity Data Can Clean Up the Economy

By Dick Munson / Published: February 27, 2017

The U.S. electric grid is old and frayed, yet innovative technologies – modern sensors, smart meters, and advanced telecommunications – offer hope to update it to become more modern, efficient, and clean. What all these smart-grid tools have in common is data. How we utilize the enormous quantities of information about how we move and use electricity will have major impacts on markets, customers, the environment, and our future electricity system.

The Illinois Commerce Commission (ICC) recognized this when, in mid-February, they approved an energy data-sharing program for Illinois’ largest electric utility, Commonwealth Edison (ComEd). The program, developed and advanced by Environmental Defense Fund (EDF) and Citizens Utility Board (CUB), allows companies and researchers access to anonymous energy-use data from ComEd’s nearly 4 million smart meters.

This will encourage the development of energy-saving products and services designed to help Illinoisans save money. The data also will allow rooftop solar companies, energy efficiency providers, non-profits, researchers, cities, and other clean energy innovators to see which neighborhoods and blocks have the greatest potential for money-saving clean energy projects ─ ensuring no community is left behind. Moreover, this information will spur new offerings from smart home and appliance manufacturers, energy management specialists, HVAC and lighting companies, as well as market researchers. Read More »

Also posted in Clean Energy, Data Access / Read 1 Response

3 Republican Governors Embrace Clean Energy’s Economic Promise

By Dick Munson / Published: January 26, 2017

solar-panels-workers pixabay Last week, the U.S. inaugurated a new president who has vowed to abandon the landmark Paris climate agreement and roll back bedrock American environmental protections.

But turn to the states and you’ll find a different story, even in the red states that elected President Trump. In fact, Republican governors in the Midwest are prioritizing economic growth and job creation by accelerating investments in energy efficiency and renewable energy. In the few weeks after the election, leaders in Illinois, Ohio, and Michigan have adopted new policies that help tackle climate change and grow the clean energy economy. Read More »

Also posted in Clean Energy, Energy Efficiency, Ohio, Solar Energy, Wind Energy / Comments are closed

Illinois’ Future Energy Jobs Act Shows States are Taking the Lead to Build the Clean Energy Economy

By EDF Blogs / Published: December 7, 2016

By Andrew Barbeau, senior clean energy consultant

For a breakdown of the bill’s renewable energy details, see here.

Two years, three competing major energy reform bills, more than 300 diverse organizations and companies, and countless hours of negotiations have now come down to one important moment: Illinois’ Future Energy Jobs Act is signed into law today.

A clean energy economic development package of monumental size, the Future Energy Jobs Act will create thousands of homegrown jobs, save billions of dollars in wasted energy, and secure Illinois’ place at the forefront of the nation’s clean energy economy.

In fact, Environmental Defense Fund’s (EDF) analysis estimates Illinois will see an additional $12 billion to $15 billion in new private investment as a result of the new clean energy priorities in this bill. That’s the greatest economic development package in Illinois in years, and likely will be the largest for the foreseeable future.

It’s also the most significant climate bill in Illinois history. We estimate it will reduce harmful carbon dioxide emissions by more than 33 million metric tons annually in 2030. Combined with the ongoing impact of market changes on the fossil fuel industry, this means Illinois will reduce its carbon emissions from the power sector by more than 50 percent from 2012 levels by 2030.

Oh, and did I mention customers’ bills will go down? Based on extensive analysis from the Illinois Commerce Commission and Illinois’ consumer watchdog Citizens Utility Board, the Future Energy Jobs Bill’s energy efficiency initiatives will lower customers’ electric bills.

At a time when President-elect Trump is threatening to roll back federal environmental protections, state victories like the Future Energy Jobs Act are more critical than ever.

That’s the ultimate win, win, win.

At a time when President-elect Trump is threatening to roll back federal environmental protections, state victories like the Future Energy Jobs Bill are more critical than ever. And, with strong bipartisan support in the Illinois General Assembly and being signed into law by a Republican governor, the deal is a clear signal that Illinois is ready to reap clean energy’s economic rewards – even if federal leaders refuse to join us in this endeavor. Read More »

Also posted in Energy Efficiency, Jobs, Solar Energy, Wind Energy / Comments are closed