SNL Energy editors' picks for the best stories for the week ended Dec. 16.
1. Coal caucus chair bullish on opportunity, certainty under Trump
As the U.S. Congress moves to close for the year, the chairman of the Congressional Coal Caucus, Rep. David McKinley, R-W.Va., told S&P Global Market Intelligence that he is bullish about the chances to revive the beleaguered industry, and above all, deliver on the promise of sector jobs.
2. Drop in RGGI auction price renews call for program tightening
The nearly $1 drop in clearing prices in the Regional Greenhouse Gas Initiative's Dec. 7 CO2 allowance auction is indicative that a strengthening of the program is necessary, some market sources continue to say.
3. 'Diplomat with a drillbit': Assessing Trump's State pick Tillerson
President-elect Donald Trump's selection of Exxon Mobil Corp. CEO Rex Tillerson for secretary of state has sparked significant debate on Capitol Hill, where his confirmation is expected to come down to whether his experience running a multinational business outweighs his established ties to Russia.
4. Boosters, foes of Perry for energy secretary agree: Look at his record in Texas
Texas' longest-serving governor may soon be heading to Washington, bringing to the U.S. Department of Energy a track record of supporting the massive growth in the domestic oil and gas industry and a willingness to take on the environmental lobby.
5. Generator asset sales key to investor sentiment, absent power price recovery
For independent power producers, prolonged weakness in stock prices and power prices has put management on the spot to lower leverage using available means, including asset sales, barring any recovery in power prices led by positive volatility in the coming months.