Energy Exchange

New Jersey’s considering a nuclear bailout. Here’s why we don’t need it.

By Mary Barber / Published: December 12, 2017

BLOG UPDATE – DECEMBER 20, 2017

PSEG’s bill aimed at subsidizing its two aging nuclear power plants was passed out of New Jersey’s Senate Environment and Energy Committee and Assembly Telecommunications and Utilities Committee today, December 20. If enacted, this customer-funded bailout would require all New Jersey electric customers to pay $300 million for an unlimited number of years to keep the plants in operation, adding an extra $40 a year to each customer’s electric bill.

The availability of low-carbon energy and local jobs are both legitimate reasons to be concerned about the premature retirement of New Jersey’s nuclear plants, but a customer-funded bailout is not the answer. A time-bounded zero-emissions credit, tailored to worker protections, community considerations, and a commitment to accelerate the adoption of clean energy should have been considered. Though PSEG admits these plants are profitable, the utility giant still hasn’t provided any documentation or analysis to show these facilities are in need of financial assistance.

December 12, 2017 – The New Jersey State legislature is entertaining a lame duck proposal by the Public Service Enterprise Group (PSEG), the parent company of New Jersey’s largest utility, Public Service Gas & Electric (PSE&G) to subsidize two PSEG nuclear plants and to have it paid for by New Jersey electricity customers – in other words, a customer-funded bailout.

Also posted in Clean Energy, New Jersey / Read 2 Responses

Ohio electricity battles abound

By Dick Munson / Published: July 25, 2017

Crain’s Cleveland Business first published this op-ed on July 16, 2017.

Ohio long has been a bellwether state. Politically, no state during the past 120 years has picked more winners of presidential elections. Ohio also reflects the nation’s diverse and evolving set of energy resources. In particular, this past year Ohio became ground zero in the electricity wars. Its utilities are seeking subsidies for uneconomic power plants, setting up a lively federalism debate about when states can encourage specific energy technologies. Meanwhile, Ohio manufacturers and customers are seeking to break up utility monopolies, provoking discussions about the role of competition in electricity markets.
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Also posted in FirstEnergy, Ohio / Comments are closed

UPDATE: A tale of two utilities: One Illinois power provider looks ahead, while the other won’t budge

By Dick Munson / Published: July 25, 2017

TaleOfTwo Energy Exchange published an original version of this post in July 2016. This post updates the original to reflect recent developments in Illinois.

As a utility executive, it is the best of times, it is the worst of times. It is the age of innovation, it is the age of stagnant tradition. With a nod to Charles Dickens, it is the epoch of environmental improvement, it is the epoch of continued pollution.

Perhaps no state better represents those extremes than Illinois, where Commonwealth Edison (ComEd) in the north is considering new business models and embracing greenhouse-gas reductions, while Ameren in the south is rejecting change and virtually anything related to clean energy.

Also posted in Energy Efficiency / Comments are closed

How ‘Energy Week’ could learn from state clean energy leaders

By Rory Christian / Published: July 6, 2017

President Trump’s administration dubbed last week “Energy Week,” including a theme of “energy dominance.” Instead of exploring America’s clean energy potential, we’re waiting for the July release of a report by the U.S. Department of Energy (DOE) examining whether the early retirement of power plants and impact on grid reliability can be blamed on requiring coal plants to reduce pollution while incentivizing clean energy sources. Taken together, and with the fact that the president pulled the country out of the Paris Agreement, America’s energy agenda gives me pause and cause to worry.

We don’t yet know what the DOE report is going to say, but judging from Secretary of Energy Rick Perry’s past stance on energy and his latest statements on the matter, it could suggest that the coal industry that has long-been economically uncompetitive due to oversupplied, cheap natural gas, could be propped-up to spew toxic emissions into the future.

Here is the reality: climate change is not a political issue; it is the single greatest threat we face as a generation. Clean energy is our best option to prevent the environmental situation from getting worse because it is at the core of every climate issue. Fortunately, Americans agree on this, and know something must be done. Read More »

Also posted in Clean Energy, Energy Efficiency, New York, New York REV / Read 2 Responses

This city has impressive clean energy potential, but its utility is trying to block solar’s growth

By John Hall / Published: July 5, 2017

The list of solar power’s benefits goes on and on.

Solar doesn’t pollute or waste water. Solar is getting cheaper every day, making it an increasingly affordable option for people to produce their own electricity and save money on their electric bills. The solar industry is employing thousands of people across Texas. And numerous studies show solar helps keep the electric grid balanced and reliable. What’s not to like?

Well, some utilities see customer-owned solar power as a threat to their profits – and want to stop its growth.

That’s why El Paso Electric has a new proposal that discriminates against homes and small businesses with solar panels. This proposal unfairly penalizes people who install solar, limits customer choice, and works against sunny El Paso’s impressive solar potential. Let’s break down the details. Read More »

Also posted in Clean Energy, General, Solar Energy, Texas / Read 2 Responses

Don’t buy Perry’s reliability ruse. His fake study is pro-coal propaganda.

By Dick Munson / Published: June 1, 2017

Energy Secretary Rick Perry’s so-called grid reliability study will be nothing more than thinly-veiled propaganda for the coal industry and a tool to justify expensive government handouts to outdated power plants.

How do we know? The tactic is ripped straight from FirstEnergy’s well-worn subsidy playbook.

The Ohio-based utility has relentlessly sought a massive, customer-funded bailout to prop up its unprofitable power plants. It repeatedly tried using reliability as an excuse for subsidies, while the regional grid operator repeatedly declared there would be plenty of generation to keep the lights on without FirstEnergy’s old power plants.

The reliability justification hasn’t worked for FirstEnergy, and it won’t work for the pro-coal Trump administration. The reality is, a 21^st-century energy system won’t be based on old, lumbering coal plants. Instead, modern energy technology means we can build a cleaner, more flexible, and reliable electric grid. Read More »

Also posted in Clean Energy, FirstEnergy, Ohio / Read 1 Response