Energy
Why Are Big Utilities Planning to Cut Carbon?
The top ten utilities have set goals for emissions reduction. It’s less clear what’s driving them.
As my post on Monday indicated, the top ten utilities have all announced plans for cutting carbon in the next several decades. Some of these utilities, like PG&E or ConEd, operate in states that have ambitious climate policies. It’s easy to see why utilities in New York or California would be setting their own targets. …
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CONTINUE READINGEmissions by the Big Utilities: Where They Are, What They’re Aiming For
Almost all the top ten utilities are big emitters today but looking to cut back.
There’s a lot of discussion of how the private sector is supporting renewable energy, but it’s almost all about power consumers like Apple and Walmart. But what about the companies who are selling the power? As a first step to getting a better sense of where the utility industry is going, we accumulated some basic …
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CONTINUE READINGWashington State Steps Up
A new law is the latest sign that the future is electrical, not oil.
On the weekend weekend, Governor Jay Inslee signed a major transportation bill. The most dramatic feature of the bill is that it will mostly ban new gas cars in Washington as of 2030. That puts Washington ahead of California, Massachusetts and New York, as well as Canada and Japan. Washington’s deadline is tied with Israel, …
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CONTINUE READING(Mis)Estimating Regulatory Costs
EPA’s cost estimate for its mercury rule was way, way off.
In describing cost-benefit analysis to students, I’ve often told them that the “cost” side of the equation is pretty simple. And it does seem simple: just get some engineers to figure out how industry can comply and run some spreadsheets of the costs. But this seemingly simple calculation turns out to be riddled with uncertainties, …
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CONTINUE READINGPipelines, Emissions and FERC
From now on, carbon emissions from new pipelines will be one of FERC’s key concerns.
On Friday there were two seismic shocks in the world of gas pipeline regulation. FERC has spent years resisting pressure to change the way it licenses new gas pipelines. A whole point of a natural gas pipeline is to deliver the gas to users who will burn it, thereby releasing CO2 into the atmosphere. FERC …
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CONTINUE READINGFuture Shock
The latest IPCC report contains crucial new information about how soon and how bad climate impacts will be.
When the IPCC released its latest climate science report a few weeks ago, many commentators observed that the report should heighten our sense of urgency about climate action. Most of that discussion was at a very general level. It’s worth taking a closer look at some key findings and their policy implications. Here, I want …
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CONTINUE READINGSmoothing the Path for Transmission Lines
Fights over who should pay for power lines may become much easier to solve.
New high-power transmission lines have to run a regulatory gauntlet to get approved. One of the biggest barriers, however, isn’t about whether the line can be built but who will pay for it. That has turned out to be a much knottier problem than you might think. A decision by the D.C. Circuit on Friday, …
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CONTINUE READINGCarrying the Freight
Decarbonizing trucking comes with some unique challenges.
A quarter of carbon emissions from transportation come from heavy-duty trucks. They are also disproportionate sources of air pollution. Addressing these emissions will be challenging and will require a multi-prong strategy. For distances under a few hundred miles, electrification offers the most promising solution. California and fourteen other states plan to make 30% of new …
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CONTINUE READINGDon’t Leave the Public Out of the Public Utilities Commission
California may have denied due process for those questioning PGE’s penalty for starting the Kincade Fire
The Sonoma County District Attorney has been pursuing criminal charges against the Pacific Gas & Electric Company (PG&E) for its role in sparking the 2019 Kincade fire, which reportedly destroyed 374 structures and led to over $600 million in damages. These criminal charges returned to the news today because the District Attorney has asked to …
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CONTINUE READINGWays of Price Making, Inflation, and Energy Price Shocks
This post was originally published on the Law and Political Economy blog as part of a symposium on inflation. Energy prices have been much in the news over the past several months, occupying a prominent place in mainstream discussions of inflation. Higher prices for oil, natural gas, coal, and electricity are all pushing up inflation across …
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