Pres. Trump Defies Free Market Principles and Moves to Force Consumers to Pay for Uneconomic Power

Yesterday, Bloomberg reported that the Trump Administration is preparing to issue a bailout for uneconomic coal and nuclear plants by forcing grid operators to buy their power. As renewable energy and natural gas has become very inexpensive, many coal and nuclear plants can no longer compete on price without intervention such as what is proposed by the Administration, and are therefore likely be retired soon. The Administration claims that the retirement of these plants is a national security emergency, although there seems to be little factual basis for this claim. The move to mandate the purchase of electricity from old, uneconomic sources and guarantee them revenue has been heralded as an unprecedented intervention into energy markets.

Cutting Carbon Pollution Won’t Make the Sky Fall

National experts and Southeastern utilities agree that it is practical to reduce carbon pollution from power plants, while maintaining reliability of the electric grid. In an April 2015 report by three national experts on electric reliability, the authors found that while there will be “significant changes to the overall mix of resources under the [EPA’s Clean […]

Duke Leadership Hearing Veers Into Substance

Much of yesterday’s utility commission hearing seemed to focus on the personal story of Bill Johnson and his experience during the Duke – Progress merger. The dramatic testimony was likened by one person in attendance to “divorce court.” The North Carolina Utilities Commission seemed interested in both the personal interactions of Duke and Progress leadership, […]

The Devil We Know: Visionary Jim Rogers Meets Southeastern Skepticism

In his book The Climate War, Eric Pooley described Duke Energy CEO Jim Rogers as a “silver-tongued devil.”  Today, we may find out if former Progress Energy CEO Bill Johnson agrees. After being ousted as the CEO of the newly merged Duke Energy, Johnson will testify before the North Carolina Utilities Commission which has been the […]

FERC: EPA Rules Will Not Disrupt US Electric Reliability

Congressional supporters of dirty coal are running out of options. The coal-power industry is under pressure to finally clean up its act and efforts to argue that coal power is clean are not convincing. As a result, the coal industry has stooped to threats, claiming, among other things, that compliance with human health and environmental […]