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In This List

Nuke plan could benefit NY by $4.39B; Quebec launches plan to boost renewables

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Essential Energy Insights September 2020

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Nuke plan could benefit NY by $4.39B; Quebec launches plan to boost renewables

NewYork's proposed clean energy standard plan requiring 50% of the state's electricityto be generated by renewables by 2030 while also ensuring that upstate nuclearplants continue to generate power could cost New Yorkers $3.62 billion butdeliver $4.39 billion in net benefits after accounting for the impact ofreduced carbon emissions, according to a new cost-benefit analysis of theprogram.

Notingthat FERC staff has been "examining the use electric storage resources tohelp meet wholesale electricity needs for some time," the head of theagency's Office of Energy Policy and Innovation asked the sixcommission-approved RTOs/ISOs to answer a series of questions aimed atidentifying and eventually eliminating barriers to those resources'participation in organized capacity, energy and ancillary markets.

Taxcredits for carbon capture and certain forms of renewable energy will not maketheir way into a Federal Aviation Administration reauthorization bill afterpushback from conservative groups and lawmaker.

TheCalifornia Public Utilities Commission is scheduled to consider a proposal toestimate and cap the net energy metering credits a rooftop solar customer couldget by combining distributed generation with storage devices.

While Morgan Stanley Research previously said it believedunits of FirstEnergy Corp.and American Electric Power Co.Inc. face a "very significant risk" that FERC willrescind their waivers of affiliate power sales restrictions in order todetermine if certain of the companies' power purchase agreements are just andreasonable, the firm's analysts now say that result is "likely."

AGOP task force in the U.S. House of Representatives aimed at easing regulatoryburdens for the energy sector and other industries expects to roll outrecommendations for its agenda ahead of the Republican National Convention inJuly.

Federal,state and other officials signed amended agreements to remove fourhydroelectric dams on the Klamath River by 2020 and restore the river basin,basically repeating actions the parties took more than six years ago.

Quebec launches plan to boost renewables above 60% of energy mix

Quebec Premier Philippe Couillard and a group of keyministers unveiled plans to boost use of energy from renewable sources to about61% by 2030 under a plan that would see dramatic reductions in consumption ofpetroleum products and the elimination of the use of thermal coal.

Kentucky regulators have chosen not to implement uniformfederal standards that would regulate investments in smart grid infrastructureand the types of information given to customers through smart grid technology.Following a review of smart grid-related issues and technology, the Kentucky PublicService Commission also said it will allow utilities considerable flexibilityon how to deploy advanced smart grid systems.

Maryland legislation seeking to expand the state's renewableportfolio standard by mandating 25% of Maryland's electricity come fromrenewable energy sources by 2020 has passed both legislative houses. However,state lawmakers still have to sort out differences between two approvedversions before the bill heads to the desk of Republican Gov. Larry Hogan forconsideration.

In a long-awaited compromise, the Massachusetts Senate haspassed a bill that would increase the state's solar net metering cap by 3%,allowing development of distributed solar projects to move ahead again butimpose tough cuts on some larger distributed solar projects.

Citing the importance of balancing the need to prevent thepotential exercise of market power against the risk of over-mitigation, FERCheld fast to its earlier finding that some state-backed renewable resourcesshould be exempted from the ISONew England Inc.'s minimum offer price rule even though thatpractice may have an impact on prices in the region's forward capacity market.