Skip to main content

EEI Voting on Greenhouse Gas Legislation Position

From Bloomberg:
U.S. utility chief executive officers are voting today on a statement that would express support for federal legislation to reduce greenhouse gas emissions.

The statement was drafted by the Edison Electric Institute, the Washington trade association for investor-owned utilities, which will collect the votes via conference call. The group's members are the largest U.S. utility owners, including Southern Co., American Electric Power Co. and Exelon Corp.

``EEI supports federal action or legislation to reduce greenhouse gas emissions,'' according to the draft set of principles the utility chiefs will consider, which was obtained by Bloomberg News. The draft also says members ``clearly recognize the growing concerns regarding the threat of climate change.''

Momentum is growing in Congress to tackle global warming with mandatory limits on emissions of carbon dioxide and other so-called greenhouse gases. A United Nations panel last week reported that it is more than 90 percent certain that the Earth is warming because of the carbon released by burning fossil fuels. The Bush administration said that the causes of global warming are ``no longer up for debate.''

``Having EEI decide to participate in this process is a major step forward,'' Representative Rick Boucher, a Virginia Democrat and the chairman of a House subcommittee on air quality, said yesterday in a telephone interview. ``It is very meaningful for industry to have decided that the time has come to work with members of Congress to draft legislation.''

Comments

Anonymous said…
It makes sense that utilities are increasingly supporting carbon controls, because the current uncertainty is making it very difficult to move forward with investment decisions for needed new base load capacity. This has major implications for nuclear--in December 2006 the Energy Information Agency published a study showing that with carbon controls their predictions for new nuclear construction go from 9 GW by 2030 for their "reference" case assumptions for construction costs, to 47 GW by 2030. Let's commend the utilities for doing the right thing here.
Starvid, Sweden said…
The easiest and cheapest, free really, way to deal with climate change is just banning new construction of coal, oil and gas fired facilites while granting wind, nuclear and pumped hydro state loan guarantees.

Exceptions will be made for reserve power and gas in those places where there is no other alternative for load balancing.

Popular posts from this blog

Knowing What You’ve Got Before It’s Gone in Nuclear Energy

The following is a guest post from Matt Wald, senior director of policy analysis and strategic planning at NEI. Follow Matt on Twitter at @MattLWald.

Nuclear energy is by far the largest source of carbon prevention in the United States, but this is a rough time to be in the business of selling electricity due to cheap natural gas and a flood of subsidized renewable energy. Some nuclear plants have closed prematurely, and others likely will follow.
In recent weeks, Exelon and the Omaha Public Power District said that they might close the Clinton, Quad Cities and Fort Calhoun nuclear reactors. As Joni Mitchell’s famous song says, “Don’t it always seem to go that you don’t what you’ve got ‘til it’s gone.”
More than 100 energy and policy experts will gather in a U.S. Senate meeting room on May 19 to talk about how to improve the viability of existing nuclear plants. The event will be webcast, and a link will be available here.
Unlike other energy sources, nuclear power plants get no specia…

Making Clouds for a Living

Donell Banks works at Southern Nuclear’s Plant Vogtle units 3 and 4 as a shift supervisor in Operations, but is in the process of transitioning to his newly appointed role as the daily work controls manager. He has been in the nuclear energy industry for about 11 years.

I love what I do because I have the unique opportunity to help shape the direction and influence the culture for the future of nuclear power in the United States. Every single day presents a new challenge, but I wouldn't have it any other way. As a shift supervisor, I was primarily responsible for managing the development of procedures and programs to support operation of the first new nuclear units in the United States in more than 30 years. As the daily work controls manager, I will be responsible for oversight of the execution and scheduling of daily work to ensure organizational readiness to operate the new units.

I envision a nuclear energy industry that leverages the technology of today to improve efficiency…

Nuclear: Energy for All Political Seasons

The electoral college will soon confirm a surprise election result, Donald Trump. However, in the electricity world, there are fewer surprises – physics and economics will continue to apply, and Republicans and Democrats are going to find a lot to like about nuclear energy over the next four years.

In a Trump administration, the carbon conversation is going to be less prominent. But the nuclear value proposition is still there. We bring steady jobs to rural areas, including in the Rust Belt, which put Donald Trump in office. Nuclear plants keep the surrounding communities vibrant.

We hold down electricity costs for the whole economy. We provide energy diversity, reducing the risk of disruption. We are a critical part of America’s industrial infrastructure, and the importance of infrastructure is something that President-Elect Trump has stressed.

One of our infrastructure challenges is natural gas pipelines, which have gotten more congested as extremely low gas prices have pulled m…