In extremely disappointing news, the Public Utilities Commission of Ohio (PUCO) recently approved the AEP and FirstEnergy bailout cases. By keeping old, uneconomic coal and nuclear plants running for the next eight years, the bailouts are bad for customers, bad for the environment, and bad for the competitive electric market. Even worse, customers are forced… Keep reading →
The electricity industry is changing. At least 50% of customers have the option to purchase renewable electricity directly from their power supplier, and everyone has the option of purchasing renewable energy certificates. Such power is sometimes referred to as “green power” or “clean power.” In most states, you can buy clean power through one or… Keep reading →
In 2015, the Federal Energy Regulatory Commission (FERC) will address many of the most serious challenges the electric industry faces in multiple proceedings that will be closely followed by industry participants. Those challenges include the retirement of substantial portions of the nation’s generation fleet and the changing composition of that fleet due to the increased use of natural gas and renewable resources.
The Electric Reliability Council of Texas (ERCOT), which manages 90 percent of Texas’ electric grid, has been busy. In the last two months of 2014, the agency released two very lengthy reports examining the future of a lower-polluting power grid in light of upcoming EPA clean air protections, in particular the Clean Power Plan. As… Keep reading →
The utility business model is changing from one of large, centralized generators that own and run entire power systems – from plants, to transmission, to distribution – to one involving more distributed generation and more players offering innovative products, services, and most importantly, customer savings. But crafting the right policies and regulations will be cornerstones… Keep reading →
Electric utilities are facing an unprecedented set of challenges. Demand for electricity, which had risen in a fairly steady manner for decades has flattened. Some of this can be attributed to the lack of economic growth. Increasingly, however, this has been caused by growth in energy efficiency and distributed generation. Another important dynamic, but one… Keep reading →
Dear State Public Utility Commission Chairmen and Chairwomen, Risk management isn’t a new concept for any of the utility companies you regulate, nor I’m sure, is it new for you and your team. When large storms or fires cause power outages, you monitor how quickly electric utilities return service to customers. When proposals for new… Keep reading →
We couldn’t have said it better ourselves. Last year’s election season brought us an amazing series of zingers and gaffes from national politicians — including a number on Solyndra and the clean energy stimulus. Since 2013 isn’t an election year (well, sort of), cleantech hasn’t been in the national spotlight in the same way. That means most of the key… Keep reading →
Only a few short years ago the U.S. coal industry enjoyed a mini-renaissance with several new large power plants brought on line in 2010 and 2011, which at the time firmly entrenched coal as the dominant source of electric generation in the U.S. Since then, coal’s share of the electric market has contracted sharply, and… Keep reading →
JPMorgan Chase & Co. has accepted a $410 million penalty to settle accusations of electricity market manipulations in California and the Midwest. On July 30, 2013, the Federal Energy Regulatory Commission (FERC) issued an order approving stipulation and consent agreement that requires JPMorgan Ventures Energy Corporation (JPMVEC) to settle allegations of electricity market manipulation in… Keep reading →
