S&P Global Market Intelligence presents the most read stories for the week ended June 8.
1. Much of US energy industry recoils at Trump plan to prop up at-risk power plants
A plan to force grid operators to buy power from at-risk coal and nuclear power plants went over well with some connected to those industries but prompted a swift backlash from a larger group of energy stakeholders.
2. On new energy frontier, solar-plus-storage plants proliferate
The solar energy industry has achieved its long-time quest to become cost-competitive with conventional power across wide swaths of the U.S. Now it is on to a new mission: saving that energy for later.
3. Gas industry planning out fight against DOE push on coal, nuclear power plants
Groups aligned with the U.S. natural gas industry railed against the Trump administration's plan to move forward with policies that would promote coal and nuclear power generation at the expense of other energy sources, arguing that the policy meddles with markets without improving energy security.
4. Law experts: DOE draft coal, nuclear plan faces long odds but could take effect
Although the U.S. Department of Energy's draft plan to use two rarely invoked laws to save struggling coal-fired and nuclear power plants likely would face steep legal challenges, it still may roil power markets absent an immediate court stay, legal experts said.
5. Big jump in PJM capacity prices attributed to drop in total cleared capacity
While the significant year-over-year jump in clearing prices in PJM Interconnection's latest capacity auction was a surprise, the decrease in total cleared capacity, including a sharp reduction in nuclear generation, has been named as the main driver for the surge.
