Energy Exchange

Recommendations for a resilient grid, no federal coal bailout required

By EDF Blogs / Published: May 9, 2018

In the past year, the U.S. Department of Energy (DOE) has used the issue of grid resilience as cover for an aggressive campaign to funnel a multi-billion-dollar yearly bailout to the owners of old, uneconomic coal and nuclear power plants. Although this DOE effort was rightly rejected by the Federal Energy Regulatory Commission (FERC) in January, the issue of resilience remains.

In denying DOE’s proposal, FERC (the agency responsible for overseeing our nation’s electric grid) asked regional grid operators to report practices they are currently implementing to ensure a reliable, resilient electric grid. In March, grid operators filed their reports, which generally concluded that the grid is resilient and we don’t need uneconomic coal and nuclear plants to keep the lights on.

Today, Environmental Defense Fund (EDF) – alongside numerous other stakeholders from business, academia, industry, and public interest organizations – submitted to FERC individual and joint comments on these grid operator reports and the topic of grid resilience. Read More »

Posted in Clean Energy, Electricity Pricing, Market resilience / Read 2 Responses

Methane shareholder resolutions could yield big change, says investor

By Sean Wright / Published: May 9, 2018

Oil and gas investor pressure is building, with 20 climate shareholder resolutions up for review at annual meetings held by publicly-traded energy companies this month. While the climate filings cover a range of issues, improved methane management is in the mix.

Last year was a breakout year for methane investor activism. ExxonMobil’s XTO Energy subsidiary business announced a reduction plan in response to a 2017 methane disclosure resolution, with onlookers expecting more change to follow this year from others. Meanwhile, a growing global network representing 36 investors and $4.2 trillion in managed assets continue to call on companies for methane reductions.

In the second-part of our interview series with Jamie Bonham, Manager of Corporate Engagement at NEI, we talk about how influential Environment, Social and Governance (ESG) shareholder resolutions, such as methane, have been in the past. We also discuss what prompts investors to file resolutions, and the potential impact on companies.

Posted in Natural Gas / Comments are closed

Fundamentals should guide FERC on PJM’s misguided state policy proposal

By Michael Panfil / Published: May 8, 2018

Federal regulators are currently considering a proposal that could fundamentally alter how our nation’s power markets work in tandem with state-crafted public policies.

The change being considered, submitted by the nation’s largest grid operator, PJM, would increase electricity prices and undermine state policies in the 13 states and D.C. where PJM operates. Today, Environmental Defense Fund (EDF), alongside other clean energy advocates, filed in opposition to this proposal.

PJM’s proposal before the Federal Energy Regulatory Commission (FERC) is dense and complex (for a great primer on the universe of issues surrounding a similar proposal, see this blog post by NRDC and this article by Vox’s David Roberts). At its core, however, PJM’s proposal centers on a subject that is elemental to the electricity sector: the interplay and interaction between states and federal regulators. PJM should not thrust itself into a public policymaking role, nor should FERC become judge and jury of state policies. Instead, PJM and FERC should facilitate state policy choices. Read More »

Posted in Clean Energy, Electricity Pricing, Illinois, Market resilience, New Jersey, Ohio / Tagged Pennsylvania | Comments are closed

Energy storage, wind, and solar companies are recruiting coal miners for their work ethics and high-tech skills

By Jim Marston / Published: May 8, 2018

When a California battery company officially moved its headquarters and manufacturing to Kentucky coal country last week, generous state tax subsidies certainly played a role – but so did something often lost in the debate about coal.

Struggling coal mining towns offer an abundance of highly trained workers, many of whom are eager for new opportunities and stable jobs. Mine work today requires mechanical and technical skills that are transferable to new industries, a fact that companies inside and outside the energy sector are beginning to discover in America’s tightening labor market. Read More »

Posted in Clean Energy, Solar Energy, Wind Energy, Wyoming / Tagged Energy Storage | Read 2 Responses

Permian a litmus test for oil and gas industry’s methane targets

By EDF Blogs / Published: May 4, 2018

This blog was co-authored by Jon Goldstein and Colin Leyden.

What may be becoming the world’s largest oil field may also be the world’s largest test for the oil and gas industry’s commitments to setting targets for driving down methane emissions.

Several major oil and gas producers, including BP and XTO, have announced strategies in recent months to limit methane emissions. And several more including Shell, Pemex and Statoil have committed to a near-zero methane future and announced plans to release reduction targets this fall.

Posted in Air Quality, Methane, Natural Gas, Texas / Tagged New Mexico | Comments are closed

Closing the information gap on Texans’ energy burdens

By Sarah Ryan / Published: May 3, 2018

As summer approaches in Texas, it may be hard to recall that just this January, temperatures hovered at or below freezing for as long as 64 straight hours. Texans used the most electricity ever over the course of one hour, setting a record in energy use as people reached for their thermostats and cranked the heat. For some in the state, however, this was simply not an option.

People in the lowest income brackets regularly have to choose between keeping their homes at a comfortable temperature and other everyday necessities, like putting food on the table – especially in a state like Texas with extreme temperatures. Low-income households that heat with electricity spend four times more on utility bills, as a percent of their income, compared to the average American. This “energy burden” (the percent of a person’s income spent on energy) highlights the devastating reality that many people face, as well as presents an opportunity for cleaner, smarter energy to help lower electricity bills.

Enter the Texas Energy Poverty Research Institute, or TEPRI, a nonprofit organization seeking to first understand the burden that energy costs place on low-income households, and then propose practical, equitable solutions. Environmental Defense Fund (EDF) is proudly partnering with TEPRI to advance this mission, starting with conducting a sociodemographic study to provide a detailed understanding of Texans with low incomes and their relationship to energy. Read More »

Posted in Clean Energy, Energy Equity, Texas / Comments are closed