COAL: A new report from investment firm Morgan Stanley projects coal-fired generation will be eliminated from the U.S. grid by 2030, with renewable energy supplying 55% of electricity by 2035. (Bloomberg)
ALSO: Replacing coal-fired generation with clean energy will likely coincide with declining wholesale power prices, experts say. (S&P Global)
JOBS:
• If the Biden administration is to meet its goal of 10 million clean energy jobs, it will have to move at a pace and scale that far exceeds the recession response of the Obama years. (CNN)
• Despite high unemployment, solar installers are struggling to find workers as many positions in the field are labor-intensive and lack opportunities to advance. (E&E News)
CLIMATE:
• Exxon Mobil announces plans to spend $3 billion to cut emissions over the next five years, with a focus on carbon capture, but the commitment only represents 5% of the company’s capital budget and some of the projects are already underway. (New York Times, Bloomberg)
• A Wall Street trader says major oil companies promoting green initiatives “is mostly horseshit and P.R. propaganda.” (Vanity Fair)
CARBON CAPTURE: Operators of a coal plant that feeds a Texas carbon-capture project announced last week that the plant will shut down this summer. (Reuters)
EPA:
• A federal court rejects a Trump administration rule that would have limited the types of scientific research that can be used to craft EPA regulations. (E&E News)
• Administrator nominee Michael Regan has a track record as a consensus-builder, but some advocates worry he will be too quick to make compromises on climate change. (New York Times)
ELECTRIFICATION: Seattle’s city council approves a proposal to ban natural gas in new large multifamily and commercial buildings. (Seattle Times)
UTILITIES:
• As part of a deal with the state’s attorney general, FirstEnergy agrees to forgo $102 million in income under a decoupling mechanism in the state’s power plant subsidy law that had guaranteed the utility’s revenue regardless of a downturn in electricity demand. (Toledo Blade, Energy News Network archives)
• The New Jersey rate counsel says storm resilience by the state’s utilities has not seemed to have improved despite billions spent since Superstorm Sandy. (NJ Spotlight)
GRID:
• The Southwest Power Pool yesterday expanded its wholesale market to include utilities in Colorado, Wyoming and Montana, part of a broader movement to regionalize energy grids. (Greentech Media)
TRANSPORTATION:
• Environmental advocates push Virginia lawmakers to join the Transportation and Climate Initiative. (Energy News Network)
• A regional planner says there is still potential for a high-speed rail network in the Northeast. (CT Mirror)
ELECTRIC VEHICLES:
• Duke Energy launches a subsidiary company to help companies, local governments, school districts and transit agencies to convert their fleets to electric vehicles. (Charlotte Business Journal)
• A new study says placing electric vehicle charging stations on residential streets would help increase vehicle popularity and alleviate concerns about range anxiety. (WBUR)
• Utah lawmakers advance a bill that would increase electric and hybrid vehicle registration fees. (Salt Lake City Tribune)
COMMENTARY:
• A former Obama adviser and member of ConocoPhillips’ board says GM’s shift to electric vehicles will have ripple effects across the entire energy sector. (New York Times)
• The head of a national energy efficiency nonprofit says “the conversation so many of us are having about environmental justice and climate policy … should start with energy efficiency.” (Politico)
• Clean energy-powered community microgrids must be deployed more rapidly to avoid power outages that can disrupt critical services, advocates say. (Energy News Network)