Late last week, U.S. Energy Secretary Rick Perry ordered his department to determine whether fundamental changes to the U.S. power grid, including the reduced use of coal-fired power, could affect the reliability of electricity. PACE has written often in recent years about threats to the availability of power posed by the closure of baseload power plants nationwide.
In an April 14th memo obtained by Bloomberg News, Perry underscores a number of the same concerns, asking department officials to determine whether federal policies toward renewable resources are accelerating the closure of coal and nuclear power plants and whether the “erosion”
While good news for coal country has been hard to come by in recent years, new developments could be changing the outlook for the industry. Buoyed by the election of a new administration and the prospect of regulatory changes, there is a degree of optimism about the direction of American coal.
The optimism about coal’s future has also been lifted by the emergence from bankruptcy of Peabody Energy, the largest U.S. mining company. Peabody Chief Executive Officer Glenn Kellow credits President Trump for taking action to declare the importance of coal to the U.S. energy mix. Kellow says the
The following opinion piece from PACE Executive Director Lance Brown appeared in today’s edition of The Hill. Read the piece online here.
Later today, the House Energy and Commerce Subcommittee on Energy will convene to discuss the effects on federal energy taxes on power prices and the families and businesses who pay them. This is a timely topic for lawmakers, as eight years of changes to the energy sector by the Obama administration have already helped to distort the energy marketplace and place upward pressure on the price of electricity. The EPA, emboldened by the president and spurred on by
A new report from the Partnership for Affordable Clean Energy (PACE) explains that the practice of natural gas hedging is a critical instrument for protecting electricity customers over the long term. Natural gas has now surpassed coal as the most used fossil fuel for power generation, meaning that hedging against potential increases in the price of natural gas has become more important.
Nationwide, electric utilities have continued to use natural gas hedging instruments as a way of stabilizing power prices over the long term and avoiding so-called ‘sticker shock’ for customers.
“Historically, hedging has allowed utilities to navigate the
In recent weeks, PACE has followed developments in Oklahoma related to the state’s support for wind projects. As Oklahoma lawmakers consider possible legislation concerning wind, PACE has released the following statement. See the official release here.
As legislative leaders in Oklahoma continue to debate the best approach to supporting the state’s wind industry, it is important to recognize the value that wind power is bringing – and can continue to bring. It is also vital that Oklahoma honors the commitments it has made to developers who have invested significant capital to call the state home.
The record shows
The following guest blog is provided by George Clark, President of Manufacture Alabama, the only trade association in the state dedicated exclusively to the competitive, legislative, regulatory and operational interests and needs of manufacturers and their partner industries and businesses. A PACE partner, Manufacture Alabama works to create a business and political climate that promotes a positive, competitive environment and enhances the opportunity for growth of all Alabama manufacturers.
As Alabama’s voice for manufacturing and industry, Manufacture Alabama fully recognizes the critical importance of affordable and reliable energy. Manufacture Alabama member companies are among both the largest producers of
A March 1st opinion piece in Insider Advantage serves as an important reminder about the value of nuclear power to American energy. The author, Tal Wright, is an Atlanta-area media and marketing communications consultant. The piece, entitled “Nuclear Power Must Remain an Option for Energy & Jobs” and reprinted in its entirety below, is available online here.
Interviews with laid off coal miners in the aftermath of President Donald Trump’s victory may be anecdotal, but they’re a reminder of the demise of just one industry that has provided generations of families with well-paying, blue collar jobs that have been
In an “anything goes” era of news and social media, it’s not often that a post jumps off the page. But a recent piece of news about electricity caught my attention. The headline: “Netherlands Trains Now Running on 100% Wind Power”.
Of course, we’ve seen headlines of this type before. For example, in 2015, Burlington, Vermont, became the first city to announce it was running totally on renewable power. That’s true, of course. Burlington’s biggest source of electricity is hydropower imported from across the region. The city also gets about a third of its power from a large biomass
Late last week, Amy Harder, a reporter from the Wall Street Journal, announced on Twitter that the president of Navajo Nation had met with White House staff at least eight times in an effort to protect an important coal-fired power plant on Navajo land. The Navajo Generating Station has been a target of EPA rules and the subject of some degree of controversy. In fact, PACE has referenced the plant often when speaking to groups about the impacts of EPA rule making on jobs.
A comment on Harder’s tweet caught my attention. Erica Fick, editor of the Environmental Defense
The Partnership for Affordable Clean Energy has announced major new research findings related to energy jobs in New Mexico. Read our press release here.
This data confirms that more than 7,200 new jobs and almost $1.8 billion in new investments will be created immediately with extension of New Mexico’s solar and wind tax credits. PACE continues to argue that large-scale solar projects in areas of rich solar resources present good bargains for electric customers.
All projects identified by the PACE research project are on a list waiting for approval for the New Mexico Renewable Energy Production Tax Credit (REPTC).