Energy Exchange

Historic Agreement Demonstrates Broad Commitment To Build Clean Energy Economy

 This commentary originally appeared on EDF’s California Dream 2.0 blog.

With the stroke of a pen, North American efforts to combat climate change and promote clean energy reached a new level today.

I was lucky enough to witness the historic event, as Governor Jerry Brown joined the leaders of Oregon, Washington State and the Canadian province of British Columbia, to sign an agreement that formally aligns climate and clean energy policies in the four jurisdictions.

This signing by these “Fab Four” of the Pacific Coast Collaborative makes sense given all they have in common: they’re geographically connected, share infrastructure, and their combined regional economy accounts for a $2.8 trillion GDP, making it the world’s fifth largest economy.

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The U.S. Power Grid’s Cyber War Games

In the 1983 thriller WarGames, Matthew Broderick plays a teen-age computer geek who unknowingly signs onto a Pentagon computer while hacking into a toy company’s new computer game. Thinking that he’s simply playing a game called Global Thermonuclear Warfare, Broderick launches the game and nearly starts a nuclear war.  The North American Electric Reliability Council (NERC) will hold its own war game next month with a simulated attack on the U.S. power grid.

The drill, called GridEx II, will take place on November 13-14 of this year. The participants will include 65 utilities and eight regional transmission organizations, representing most of the nation’s electricity customers.  The drill will test how well the electric utility industry and the grid itself respond to physical and cyber attacks.

A NERC Critical Infrastructure Protection Committee (CIPC) working group will begin the drill by sending participants a series of simulated physical and cyber attacks, climaxing in a national security emergency.  Participants will then respond and interact with each other, just as they would in a real emergency.  The simulation will last 36 hours, and the CIPC working group will evaluate the participants’ responses and provide feedback on how their actions impact the ongoing scenario.  After the drill, the working group will analyze the results and prepare a report on lessons learned.

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Posted in Grid Modernization, Utility Business Models / Tagged , , , | Read 3 Responses

On-Bill Repayment & Community Solar: Clean Energy Investments Underserved Californians Can Afford

This commentary originally appeared on EDF’s California Dream 2.0 blog.

It sounds like the opening line of a joke: What can finance do to reduce inequality?

However, this is exactly the question I tried to tackle during my presentation at the Clean Power, Healthy Communities conference last week. Hosted by the Local Clean Energy Alliance, this annual conference focuses on equitable, community-based clean energy solutions for the Bay Area.

In keeping with this theme, I took the opportunity to explain how On-Bill Repayment (OBR) can increase access to energy efficiency and distributed generation installations for low and middle-income families. By overcoming cost barriers, OBR can deliver energy savings, cost savings, jobs and more comfortable and healthy homes to underserved communities. In addition to these tangible benefits, it offers residents greater control over energy generation, as well as their energy consumption.

While I was able to share EDF’s finance work with community organizers and other environmental advocates, the conference was also a chance to hear about and discuss variety of other community-based solutions. One initiative that OBR has tremendous potential to support and complement is community-owned solar. Signed into law in September, California’s Senate Bill 43 allows for shared ownership of renewable generation. This means that individuals who are unable to install solar panels at their residences can invest in an off-site solar system, and receive credit on their utility bill for their share of the power generated.

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Posted in California, On-bill repayment / Tagged , | Read 1 Response

New Jersey Takes Initial Step Toward Modernizing Its Vulnerable Energy Infrastructure

When Hurricane Sandy barreled through our country’s Northeast nearly a year ago, ravaging coastlines and submerging entire neighborhoods, New Jersey suffered catastrophic effects.  The state suffered more than $30 billion in damage, most of it along the Jersey shore, while an estimated 2.6 million households lost power, many of them for weeks.  Five days after Sandy hit, a third of New Jersey’s homes and businesses still did not have electricity.

New Jersey Governor Chris Christie immediately sought to restore the state’s most vital infrastructure and was tireless in attracting funds for the relief effort.  However, it became clear that it was imperative to not just repair damage caused by Sandy but to upgrade and modernize the state’s outmoded, century-old grid to prevent damage from the next superstorm.

Last week, Governor Christie took a positive  step toward upgrading to a smarter, more flexible  power grid, which is crucial to resilience, safety, and storm recovery.  He announced the allocation of $25 million in federal funds to local governments to develop alternative energy projects designed to make New Jersey’s energy infrastructure resilient and reliable in the face of power outages.

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Posted in Climate, Grid Modernization / Tagged , | Read 1 Response

“Go Time” for Groundwater Testing In Wyoming

Everyone wins when states institute strong, science-based groundwater testing programs around oil and gas development areas. Landowners get important information about their water quality and protection from potential spills. Oil and gas companies get what is essentially an insurance policy tracking the quality of area drinking water sources both before and after drilling. And regulators get an important new source of data to help them understand local conditions and target clean up, if needed.

EDF has advocated for a program in Wyoming that aims to do exactly this – establish a groundwater quality baseline in areas where oil and gas development is planned, and then follow up with two sets of tests to monitor for potential impacts from this specific activity. And Wyoming regulators have proposed a program that would, on the whole, create a strong, scientifically valid groundwater testing program.

Late last week, Wyoming’s powerful paper of record, the Casper Star-Tribune, announced it agrees.

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Posted in Natural Gas, Wyoming / Comments are closed

New Study Launches In Series Evaluating Methane Across The Natural Gas System

Source: San Antonio Business Journal

This year is proving to be a big year for methane research.  We’ve seen a handful of new studies published, some funded by EDF and some not, as well as new projects announced.

The attention methane is getting by the scientific community is justified and overdue. Methane emissions are a central issue in the debate over the role that natural gas may play in our national energy future. From a climate perspective, methane is 72 times more powerful than carbon dioxide (CO2) on a per ounce basis when released into the atmosphere over the first 20 years.  And according to new projections by the Intergovernmental Panel on Climate Change (IPCC), methane is far more potent than we realized (as much as 84 to 87 times more potent than CO2 on a 20-year basis).

The oil and natural gas industry is the single largest source of manmade methane emissions in the United States. Despite this, little is known about how much methane is released from where across the natural gas supply chain. But, according to the Environmental Protection Agency’s latest estimates, we know enough to say that methane poses a serious problem to the climate. Read More »

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