Energy Exchange

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nothing more than thinly-veiled propaganda for the coal industry and a tool to justify expensive government handouts to outdated power plants.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 21st-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 »

Posted in Clean Energy, FirstEnergy, Ohio, Utility Business Models / Read 1 Response

Recent California decision indicates utility’s willingness to address climate pollution

By Amanda Johnson / Published: May 26, 2017

The California Public Utilities Commission (CPUC) recently approved a settlement requiring Pacific Gas and Electric Company (PG&E) to address environmental, as well as safety, factors when fixing natural gas leaks.

This comes on the heels of a similar settlement issued by the New York Public Service Commission in December. Together these decisions are ringing in a trend in which the environmental impacts of methane leaking from pipelines are being recognized.

Methane – the main component of natural gas — is responsible for about a quarter of current global warming, and awareness about the magnitude of methane that leaks from local pipelines has been mounting. Read More »

Posted in California, Climate, Methane, Natural Gas / Comments are closed

What’s next for NextGrid – Illinois’ ‘Utility of the Future’ process

By Christie Hicks / Published: May 25, 2017

Many experts anticipate the electric utility industry evolving more in the next 10 years than it has in the past 100.

So noted the Illinois Commerce Commission (ICC), when it recently initiated the “NextGrid” Utility of the Future Study. NextGrid is a statewide, collaborative effort to rethink the roles of the utility, the customer, and energy solution providers in a 21st-century electric grid.

The ICC invited stakeholders to participate in NextGrid, welcoming suggestions for how the process should work. Environmental Defense Fund (EDF), partnering with the Citizens Utility Board (CUB), recommended NextGrid ensure that upcoming technological advances enable a more dynamic grid – one that is cleaner, affordable, reliable, equitable, and more responsive to customer needs. But how do we get there? Read More »

Posted in Clean Energy, Illinois, Utility Business Models / Comments are closed

With methane plan, New York doubles down on climate protections

By Mark Brownstein / Published: May 19, 2017

New York is now the latest in a growing number of states cracking down on methane – the powerful greenhouse gas responsible for about a quarter of global warming.

The effort comes on the heels of a successful senate vote to uphold methane limits for oil and gas companies operating on our nation’s public and tribal lands, and sends yet another strong message to the oil and gas industry that Americans want and expect commonsense standards that  protect our health and natural resources.

Governor Cuomo’s new plan takes a comprehensive approach to tackling methane from the state’s biggest emission sources: landfills, agriculture, and the oil and gas industry. Collectively, the twenty-five reduction strategies outlined will allow New York to significantly curb methane pollution and allow the state to deliver on its 2030 climate target. Read More »

Posted in Methane, Natural Gas, New York / Comments are closed

Smart money: Top investors press oil & gas companies to tackle methane emissions

By Mark Brownstein / Published: May 5, 2017

A global group of 30 leading institutional investors coordinated by the PRI (Principles for Responsible Investment) has announced a new initiative that will encourage oil and gas companies, including gas utilities, around the world to initiate or improve efforts to measure, report, and reduce methane emissions.

The move is the latest evidence that investors are concerned with the financial, reputational and environmental risks associated with unmonitored and unchecked methane venting and leakage.

Methane is a potent greenhouse gas with over 80 times the warming power of carbon dioxide over a 20-year timeframe. It’s responsible for about 25% of the warming our planet is experiencing today. Globally, the oil and gas industry is among the largest man-made sources of methane.

Methane is also the main ingredient in the natural gas, the product that major global producers have marketed to investors as central to their growth in the years ahead. Companies tout gas as a clean, low-carbon fuel, ignoring the vast amounts of unburned methane escaping from their systems each year, or the lack of transparency with regard to monitoring and reduction strategies.

The owners and asset managers involved in the PRI’s methane initiative oversee more than $3 trillion. They are global in scope, representing a dozen countries across North America, Europe and Asia-Pacific. PRI plans to engage 29 companies on four continents, from across the natural gas supply chain (the names aren’t being made public). They will be urging greater transparency and stronger, more concrete actions, including setting methane targets and participating responsibly on methane policy. Read More »

Posted in Methane, Natural Gas / Read 1 Response

More than ever, EPA’s Greenhouse Gas Inventory Program is Vital to Understanding Methane Emissions

By David Lyon / Published: April 17, 2017

In its 2017 GHGI Inventory, published last week, EPA estimates 2015 methane emissions from the U.S. oil and gas industry were 8.1 million metric tons,which is enough to fulfill the domestic heating needs for over 5 million homes.

In addition to estimating 2015 emissions, EPA has revised their estimates of previous years’ emissions based on new scientific data. The lower estimates compared to the 2016 Inventory is almost entirely due to new accounting methods – the actual decrease in emissions from 2014 to 2015 was only 2%, and this was due to fewer well completions resulting from lower oil and gas prices.

EPA still has room for improvement

Although the estimate of oil and gas emissions went down in this year’s report, it should not be viewed as a final answer since EPA plans to make further improvements including better accounting of super-emitters, which science has shown to be a major source of emissions. These changes likely would counteract the decreases in other emission sources. Read More »

Posted in General, Methane, Natural Gas / Tagged , | Comments are closed