Climate change
-
Renewables
Dominion to Reassess Plans for Millstone’s Continued Operation after Connecticut Nuclear Support Bill Thwarted
Dominion Energy told POWER it will begin a “strategic reassessment” of its plans for the 2,111-MW Millstone Nuclear Power Station in Connecticut after state legislators effectively blocked a bill that would have provided it a mechanism to bid for state contracts reserved for renewables. Dominion waged a tough campaign to push the bill through the […]
Tagged in: -
Environmental
The Deep Dispute over “Deep Decarbonization”
It began as an academic argument over how the world could meet a goal of 90% reductions in carbon dioxide emissions by 2050, known as “deep decarbonization.” Underneath the academic language is a fight
-
Legal & Regulatory
Virginia Governor Orders Power Plant Carbon Regulations
Virginia’s governor has directed the commonwealth’s environmental quality agency to establish regulations to curb its carbon emissions from power plants via a carbon trading scheme by the end of this year. Executive Directive 11 signed by Gov. Terry McAuliffe (D) on May 16 instructs the Department of Environmental Quality to develop a proposed rule to […]
-
Coal
DTE Joins Growing Number of Power Companies with Carbon Goals
Detroit-based DTE Energy wants to slash its carbon emissions by more than 80% from 2005 levels by 2050, a reduction it said is in line with broad targets identified by scientists to address climate change. The company said on May 16 that it plans to substantially increase investments in renewables, transition its baseload capacity from […]
Tagged in: -
Coal
Norwegian CCS Boss: CCS is not BS
Sitting on a panel during the Bloomberg New Energy Finance Summit in New York City on April 24, Michael Bloomberg proclaimed that carbon capture and storage (CCS) is “total bullshit.” That statement was not received well by Trude Sundset, CEO of Gassnova, Norway’s state enterprise for the development of CCS. “There’s a whole new world […]
-
Legal & Regulatory
D.C. Circuit Halts Clean Power Plan, Mercury Rule Litigation
In two separate actions over the past 24 hours, the D.C. Circuit granted the Environmental Protection Agency’s (EPA’s) request to suspend cases challenging the Clean Power Plan and the Mercury and Air Toxics Standards (MATS). The orders are the latest in a series of similar actions over the past month by the D.C. Circuit that […]
Tagged in: -
Renewables
Drought Has Big Impact on California Power Market
Rain and snow has returned to California, ending the record-setting drought with record-setting precipitation. The drought led to forest fires, dead orchards, and brown lawns. It also took a big bite out of ratepayers’ wallets and increased global warming emissions, due to the loss of low-cost, zero-emission hydropower. In a study released April 26 by […]
Tagged in: -
Environmental
Paris Agreement Debate Heats Up
President Donald Trump is getting a lot of advice about the Paris Agreement on climate change lately, though it remains uncertain what he’ll do with it. A group of more than a dozen companies, including some power industry big hitters, sent a letter April 26 to the president calling for continued involvement in the agreement. […]
-
Legal & Regulatory
Fight to Keep EPA’s Clean Power Plan Alive Intensifies in Federal Court
A coalition of 24 states and localities have urged a federal court reviewing the merits of the Environmental Protection Agency’s (EPA’s) Clean Power Plan to stall the agency’s recent motion to suspend a case challenging the controversial rule. West Virginia v. Environmental Protection Agency (No. 15-1363) is arguably the most important set of environmental cases […]
-
Renewables
Commodity Price Volatility Is Prime Concern Among Global Energy Leaders
An April 6–issued report released by the World Energy Council suggests that the single biggest worry among global energy leaders is commodity price volatility. Prices appear to be a big concern because of the “Grand Energy Transition” toward de-carbonization. Leaders in resource-holding countries, such as Saudi Arabia, are anxious about long-term economic models, if prices […]