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GHG

Cutting Carbon Reveals Sharp Differences Between Rich and Poor

Advancing technology a key cornerstone.
If climate talks are to succeed, the winning formula is well known: Cut coal use and give the developing world more resources to build out alternative energy portfolios. With easy access to coal, though, that is a lot more difficult than it sounds.

Perfect Superstorm

Since Obama won reelection, we must ask whether we’d rather have EPA cracking down on carbon emissions, or whether a legislated framework would be better for everyone.

Category: 
Frontlines
Author Bio: 

Michael T. Burr is Fortnightly’s editor-in-chief. Email him at burr@pur.com

Could carbon taxes emerge in the election aftermath?

Gas Without Regrets

Gas-fired generators and suppliers alike can each share risk and reward from historic low prices with contracts that blend market and fixed prices

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Figure 1 - Coal and Natural Gas Generation (January 2005 through October 2013)
Figures 2 - 4 - Fixed, Collared, and Hybrid Agreements
Figure 5 - Maximum Regrets for Electricity Generators and Gas Suppliers
Figure 6 - Potential for Locking-In Affordable Gas-Fired Power
Category: 
Energy Risk & Markets
Sidebar: 
Sidebar Title: 
Presuming Prudence
Sidebar Body: 

In 2010, Colorado Gov. Bill Ritter signed the Clean Air-Clean Jobs Act, which, among other things, explicitly encouraged long-term gas supply contracts. The law specified procedures for commission approval and discouraged subsequent look-back by future commissions.

In April 2012, the Oklahoma Corporation Commission approved a competitive procurement rule that created new opportunities to enter long-term contracts for natural gas and other fuels. The rule created “an open, transparent, fair, and nondiscriminatory competitive bidding process” that would enable Oklahoma utilities to obtain a presumption of prudency for approved agreements.3

A report recently released by the National Regulatory Research Institute noted the proactive measures taken by Colorado, Oklahoma, and Oregon to promote long-term natural gas contracts, while the majority of state commissions provide little guidance.4 – GS and PB

Author Bio: 

Gregory C. Staple (gstaple@cleanskies.org) is the CEO and Patrick Bean (pbean@cleanskies.org) is an energy policy advisor at the American Clean Skies Foundation.

How suppliers and generators can each gain from today’s historic low prices.

Regulatory Gordian Knot

New environmental requirements under the Clean Water Act (CWA) will add to the already complex burden of compliance for power plants. As the Environmental Protection Agency moves forward with cooling water and effluent standards, utilities and generators will have to deal with overlapping rules and conflicting policy goals.

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Author Bio: 

Miranda Yost is an attorney in Hunton & Williams LLP’s Richmond office. Her practice focuses on environmental law and regulation.

EPA’s new water, waste, and air regulations complicate power plant compliance.

Climate Exposure

Collecting on GHG Damage Claims
A state supreme court ruled last fall that damage resulting from climate change allegedly caused by power plant emissions was “reasonably foreseeable,” and therefore litigation expenses were not covered under a general liability insurance policy. The ruling creates an unworkable standard and raises questions about insurance coverage for climate-change liabilities.