Waxman-Markey RES creates land-use dilemmas.
Tom Hewson and Dave Pressman
The Waxman-Markey bill proposes a federal renewable electricity standard. This standard, combined with state mandates, raises the risk of forest land shortages and higher prices for food and feedstocks.
A tale of two energy worlds.
As federal policy makers push for GHG regulation and transparent markets, the California experience shows what works and what doesn’t work.
Price transparency will drive GHG reductions.
Fred Wellington and Michael Scholand
In light of coming GHG legislation, price transparency is the key to achieving cleaner generation through the dispatch of lower-carbon sources.
How much efficiency do ratepayers need—and utilities want?
When the applause dies down, the smart grid may turn out to be its own worst enemy. The California Independent System Operator (CAISO) explained this irony in comments it filed in May, after the FERC asked the industry for policy ideas on the smart grid.
When prices for emissions allowances collapsed in Europe’s carbon market a year after trading began, critics said the collapse proved a regulatory product couldn’t be traded internationally. Sure, they said, the U.S. acid-rain market worked, but it was never an international market—and it couldn’t be, given the propensity for governments to protect their own economies.
It’s time to end the uncertainty about carbon costs.
Michael T. Burr, Editor-in-Chief
This summer marked a pivotal moment for the energy industry. In June, the U.S. House of Representatives approved the American Clean Energy and Security Act (ACES), a.k.a., the Waxman-Markey bill, which among other things would require the U.S. economy to cut its greenhouse-gas (GHG) emissions 83 percent by 2050.
Utility projects advance the state of the art.
Given this dynamic state of evolution, it’s not surprising that next-generation technologies are undergoing their own difficult transitions. This transition is exemplified by four high-tech projects being executed by four electric utilities: Duke Energy, American Electric Power, Consolidated Edison and San Diego Gas & Electric. Their projects address different parts of the power-supply chain, and they’re taking different paths to secure financing and regulatory acceptance.
Who will oversee the industry’s cyber standards?
Darren Reece Highfill and Vishant Shah
Who will oversee the industry’s cyber standards? Effective security calls for a single organization to set standards that will protect the smart grid. The industry is struggling to reach consensus over authority, scope and funding for its new security apparatus.
Will Congress dare to put local wires under federal control?
Michael T. Burr, Editor-in-Chief
Congress hasn’t amended the Federal Power Act in any way that would change the status quo, and a bright line still separates the distribution business from the federally regulated bulk-power system. Pending legislation, however, might change that.
Carbon costs will reshape the generation fleet and affect retail rates.
Steven Fine and Elliot Roseman
American utility consumers face a compelling generational challenge: satisfy the need for a reliable power supply, at a reasonable price, while also reducing greenhouse-gas emissions and building a sustainable energy industry. How the government structures green-energy mandates will determine how long existing power plants remain viable.