FOSSIL FUELS

U.S. Nuclear Industry Supports Growth Despite Aging Plant Retirements

Despite aging nuclear plant retirements, the U.S. nuclear industry continues to support new development and advanced nuclear technologies.   The Administration supports continued federal nuclear energy program funding in its “all of the above” energy strategy. Despite aging plants challenged by low-cost natural gas-fired generation and several off-schedule new plant constructions, the nuclear energy industry…...

FERC and NARUC Panelists Voice Concerns Over Clean Power Plan Reliability Impacts

State and Regional Regulators Voice CPP Concerns at FERC and NARUC Meetings This past week, states and industry stakeholders directly voiced questions, concerns, support and opposition for the Environmental Protection Agency’s (EPA) proposed emissions reductions from existing power plants. On February 19, 2015, the Federal Energy Regulatory Commission (FERC) held its first of four technical…...

NY REV Impact Statement Identifies Billions in Cross-Cutting Benefits by 2026

The REV and CEF are anticipated to yield overall positive environmental impacts, primarily by reducing fossil fuel-based energy generation and supporting demand management, rate structures, electric vehicles, energy storage, and smart grid technologies.   On February 6, 2015, the New York State Department of Public Service (DPS) released its Final Generic Environmental Impact Statement providing…...

President’s Budget Would Increase Funding for Renewable Technologies but Defund Fossil Energy Research

The House Energy and Power Subcommittee heard testimony from Secretary Moniz on the DOE FY 2016 budget request, which outlined $1+B in renewable energy program funding increases but a decrease to fossil energy research and development. On February 11, 2015, the House Energy and Power Subcommittee held a hearing on the Department of Energy’s (DOE)…...

California Climate Bills Could Set Precedent for Emissions Policies in Other States

California Senators Propose to Increase State’s Renewable Energy Targets in Support of Governor’s 50-50-50 Goal On February 10, 2015, California Democrat Senator Kevin de León publicly announced four bills as part of the California Climate Leadership bill package to support the state’s Renewable Portfolio Standard (RPS) and establish objectives beyond its 2020 emissions reduction targets…....

Senators Challenge EPA’s Office of Air and Radiation on Clean Power Plan Along Party Lines

Senators in the Environmental and Public Works Committee presented dueling cost-benefit arguments for the climate change mitigation proposal that split between Republicans and Democrats, despite widespread state opposition to the rule. The Environmental Protection Agency (EPA) released the Clean Power Plan (CPP) proposal on June 2, 2014, to address greenhouse gas emissions (GHG) from existing…...

New Massachusetts Energy Bill Targets Energy Resource Diversity

A new Massachusetts energy bill aims to enhance energy diversity by rate-basing natural gas pipeline additions and mandating offshore wind procurement. A new energy bill filed by Rep. Patricia Haddad (D-MA) in the Massachusetts House of Representatives on January 16 proposes fundamental changes to the state’s energy landscape through increased renewable generation and natural gas…...

President’s FY 2016 Budget Request Prioritizes Clean Energy and Climate Action

The President’s Budget Leaves a Legacy of Clean Energy and Climate Change Mitigation Support The president’s budget provides strong support for clean energy and addressing climate change. The proposal would allocate substantial funding for clean energy and climate initiatives, while removing favorable tax deductions for the fossil fuel exploration and production (E&P) industry. The budget…...

Resource Constraints Yield High Prices in New England’s Ninth Forward Capacity Auction

High clearing prices in ISO-NE’s ninth forward capacity auction will stimulate new resource build-out to meet future demand. FCM Auction Attracts New Resources to Meet Low Reserve Margin The New England Independent System Operator’s (ISO-NE) ninth annual Forward Capacity Market (FCM) auction to acquire resources to meet June 1, 2018 through May 31, 2019 electricity…...

Permitting Process Highlighted at House Hearing on Transportation Infrastructure

Industry stakeholders call for streamlined rail and pipeline permitting to sustain market impacts from oil and gas production when prices are low. Enhanced oil and natural gas transportation and storage infrastructure is needed to ensure the domestic energy revolution is sustained in the current period of low prices. Streamlining infrastructure permitting processes would aid investor…...

LNG Export Bills Aim to Provide Approval Timeline Clarity

Bipartisan Bills Aim to Expedite DOE Decisions on LNG Export Applications According to domestic producers and other stakeholders, a more predictable LNG export terminal approval timeline would provide industry and markets with much-needed certainty to drive forward multi-billion dollar investments. On January 29, 2015, the Senate Energy and Natural Resources Committee held a hearing on…...