Dec
05
2017

When More is Less: Higher Oil and Gas Taxes Harm Alaska

 

Alaska’s citizens and the oil and gas industry have a long and mutually beneficial relationship. The industry continues to be a leading employer, generating over 100,000 jobs. Since 1982, most Alaskans have received direct payments from the Alaska Permanent Fund, created in 1976 to ensure that citizens would benefit from petroleum revenues. Even as oil prices fluctuate and trend lower because of abundant global supply, oil and gas continues to pay a significant share of taxes that support a wide range of government services. Over $180 billion dollars has flowed to Alaska’s treasury over the state’s existence.

Like many

Nov
30
2017

Hedging, Natural Gas and National Security

PACE Guest Blog By Captain Leo Goff, Ph.D., Captain, US Navy (Ret.) Even when energy markets seem calm and stable, utilities use price and supply risk management tools such as hedging to maintain predictable fuel supplies and prices. This is part of the obligation to serve and the duty to maintain reasonable prices for end-use electricity customers. Hedging natural gas, however, will become even more important over the next decade because of global market pressures and geopolitical concerns.

Over the next two decades the global energy landscape will change dramatically. The way the United States manages its vast energy resources

Nov
28
2017

The Disaster of Deregulation

Earlier this year, PACE shared some thoughts about deregulation of the electric power retail markets and why it doesn’t make sense for consumers. With state legislatures across the country gearing up for 2018 sessions, it seems timely to touch on the topic again. When it comes to deregulating (or restructuring) retail electricity markets, the song remains the same. Nearly two decades of experimentation, creation of complicated behemoth markets and establishment of cumbersome oversight mechanisms has rarely, if ever, produced meaningful cost savings or competition.

Pushed by giant casinos and renewable advocates, Nevada’s Public Service Commission has recently created a new

Nov
23
2017

PACE is Thankful for Progress in 2017

Borrowing from David Letterman, PACE has assembled a Top 10 list of energy policy developments, people and institutions that energy consumers can give thanks for this year. In no particular order:

Renewed efforts to (safely and in an environmentally friendly manner) explore, map and perhaps one day develop our country’s abundant natural resources. Rollback of WOTUS and the Clean Power Plan. Introduction of multiple model lines of affordable, versatile electric vehicles for commuters and commercial uses. The open and vigorous discussions of reliability/resilience, how America’s power mix is changing, and what it should look like in the future. “Energy Dominance”

Nov
21
2017

This Thanksgiving, Resilience & Reliability Still Matter

Opinions about DOE Rick Perry’s bold moves to kick-start the regulatory policy discussion regarding resiliency and reliability of the electric grid are swirling around and piling up like the abundant autumn leaves here in D.C.

And as energy lobbyists and lawyers gather around Thanksgiving dinner, many of them can give thanks for the plethora of panel discussions, op-eds and client billing opportunities the Section 403 process has yielded just since the end of September. If the process continues to generate an open discussion of what resources are needed to ensure all Americans have affordable, reliable energy across a range

Nov
14
2017

State Regulators Advance Critical Energy Conversations

The nation’s regulatory utility commissioners are gathered in Baltimore, Maryland for their 129th annual meeting. I’m pleased to represent PACE and raise awareness about our partnerships all across the country and our mission of driving policies that deliver reliable, affordable energy to consumers.

It’s not just the brisk, wintry temperatures here in Baltimore keeping attendees focused on where consumers will get their energy and what it will cost. Several sessions across the 4 days of meetings delve into these important questions.

The Solar Energy Industries Association (SEIA) convened an early morning breakfast yesterday to discuss the pending Federal Trade Commission

Nov
09
2017

Responsible Natural Resources Policy Makes U.S. More SECURE

While many eyes are on tax reform, the DOE-FERC Section 403 conversation, and Tuesday’s off-year election results, a House committee is quietly and persistently advancing legislation that can help assure diverse and reliable energy supplies and shore up the U.S. economy.

Natural Resources Committee’s SECURE American Energy Act

On November 7, the House Natural Resources Committee marked up several key pieces of legislation, including the SECURE American Energy Act (H.R. 4239), aimed at “Strengthening the Economy with Critical Untapped Resources to Expand American Energy.”

Without comprehensive energy legislation on the horizon, and with many key federal agency teams still forming,

Nov
07
2017

PACE Supports Vogtle 3 and 4

Partnership for Affordable Clean Energy

Statement in Support of Plant Vogtle Continued Construction

Docket 29849:

Georgia Power Company’s Seventeenth (17th) Vogtle Plant Construction Monitoring (VCM) Report

Georgia Public Service Commission

Monday, November 6, 2017

The Partnership for Affordable Clean Energy (PACE) strongly supports continued construction at Vogtle Units 3 and 4. Nuclear energy is already a critical resource in Georgia, boosting the economy and providing emission-free, base load power for 60-80 years. As a lifelong Georgian, I am proud of the efforts the co-owners have made and will

Nov
02
2017

Use Nuclear Energy to Address Climate Change

Dr. David K. Gattie is an Associate Professor of Engineering at the University of Georgia. Earlier this year, he co-authored PACE’s paper on net metering. We thank him for providing a guest blog drawing our attention to a smarter way forward on climate change policy.

I recently posted a commentary in The Hill explaining why the U.S. could do better than the Clean Power Plan (CPP). As always, I try to implore others to look at the bigger picture and see global climate change as the global issue it actually is and not just a U.S. issue only.

Oct
31
2017

Put Infrastructure Back on the Front Burner

Today PACE welcomes a guest blog from our Board Chairman, Cline Jones. Cline is the Executive Director of the Tennessee River Valley Authority and its associated organization, the Tennessee-Cumberland Waterways Council.

As the calendar pages turn, and the end of 2017 draws near, it’s timely to assess progress on one of our country’s most important goals – maintenance and improvement of infrastructure.

The Tennessee River Valley Association (TRVA) and the Tennessee-Cumberland Waterways Council (TCWC) bring together business and industry, transportation, financial services, education, chambers of commerce, all levels of government and many other stakeholders. Our