U.S. Energy News

Experts say Energy Department proposal could ‘blow the market up’

REGULATION: Experts say a recent Department of Energy proposal to cover the costs of baseload coal and nuclear generators could “blow the market up” if it’s adopted by the Federal Energy Regulatory Commission. (Utility Dive)

• The outcome of the Energy Department’s proposal to support baseload coal and nuclear plants will come down to FERC members and “how much they are willing to assert their independence from the Trump administration’s pro-coal agenda.” (RTO Insider)
• If approved by FERC, some experts say the proposed rules — along with potential tariffs on imported solar panels — could also hobble renewables. (Bloomberg)

• Suniva and SolarWorld will argue for tariffs and quotas on imported solar equipment during an International Trade Commission hearing today. (Portland Business Journal)
• A solar project on several buildings along a major rail corridor in Minneapolis-St. Paul is being studied to determine how distributed energy could impact future transit investments. (Midwest Energy News)

WIND: Clean energy groups urge Wisconsin regulators to approve a 66 megawatt wind project in Iowa proposed by Madison Gas & Electric. (North American Wind Power)

CLIMATE: About 55 percent of Americans say their local and state governments should be doing more to address climate change, according to a recent poll. (Associated Press)

EFFICIENCY: The Trump administration’s policies haven’t stopped states from promoting programs to reduce pollution and save energy, according to an annual assessment of energy-efficiency standards. (Grist)

GRID: Oregon’s largest electrical utility becomes the fifth member in the Energy Imbalance Market, which gives utilities short-term access to the lowest-cost power available on the Western grid. (Portland Business Journal)

• Tesla falls short of its shipment goal for the new Model 3, producing 260 cars in the third quarter instead of an anticipated 1,500. (Greentech Media)
• Ford says it’s setting up a new electric-vehicle team and will increase the number of fully electric vehicles it has in development. (Motley Fool)
• General Motors announces plans for an “all-electric future,” which calls for 20 all-electric vehicles due out by 2023. (MLive)

• Coal giant Peabody Energy says private equity firms and power plant operators are interested in buying an Arizona power plant that’s slated for closure in 2019. (Associated Press)
• The Tennessee Valley Authority filed an appeal notice over a judge’s order to excavate and move coal ash at a Tennessee power plant. (Associated Press)

• Nearly half of new oil drilling in the U.S. would be unprofitable without government subsidies, according to a recent study. (Huffington Post)
• New Mexico oil and gas producers are worried about a continued backlog in the U.S. Bureau of Land Management’s processing of permits. (Associated Press)

NUCLEAR: Georgia Power announced Monday it has received the first installment of payments from Toshiba, clearing a critical hurdle to continue the troubled Plant Vogtle nuclear project. (Augusta Chronicle)

COMMENTARY: Energy Secretary Rick Perry’s authorization of billions of dollars in loan guarantees to finish building the Vogtle nuclear project means a higher price tag for taxpayers if the project ultimately goes belly up. (Think Progress)

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