AD18-7 Bernard McNamee carbon capture and storage (CCS) CERAWeek by IHS Markit Conference Coverage Department of Energy (DOE) Environmental Regulations Federal Energy Regulatory Commission (FERC) FERC & Federal front-end engineering design (FEED) Latest liquefied natural gas (LNG) Major Issues Natural Gas Neil Chatterjee NRG Energy Inc. Public Policy Resources Rick Perry RM18-1 Special Reports & Commentary

Heard 38th Annual Report CERAWeek 2019

Heard 38th Annual Report CERAWeek 2019

HOUSTON – The 38-year-old CERAWeek of IHS Markit last week introduced collectively a report 4300 international power shoppers and chess players, of which 35 ministers and other authorities officers from over 70 nations.

Panel discussions and speakers at greater than 400 periods Targeted on geopolitics, trade and costs, worth volatility, environmental coverage, harassing technologies and the wrestle to attract future labor.

Andrew Wheeler, EPA Administrator, speaks lunch to the public throughout CERAWeek. | © RTO Insider

Power Secretary Rick Perry was all over the place within the week. He and his employees held bilateral conferences with ten nations and in addition met with leaders, LNG exporters and US Nationwide Labor Representatives. When Perrya was not on the conferences, he delivered potential buyers and clients to the US LNG and other oil merchandise.

”I have the finest work on the earth. I have a leading position in a few of the most astonishing examples of cutting-edge innovation, he stated in a speech on Wednesday. "We are approaching the dawn of the new American energy season, where we are introducing new and smarter ways to achieve energy and environmental goals."

Perry relied on delicate unbelieving tweets when he observed a state of Texas, which he dominated 14. © RTO Insider

”We [the U.S.] look ahead to turning into an power exporter next yr, and for the subsequent 30 years,” he stated. "Thanks to innovations, we have more than enough energy with the world." The important thing level here is to extend LNG exports to hungry markets in Latin America, Europe and Asia, lots of which power ministers require him to maintain in the USA' Paris agreement on local weather change

. [bilateral discussions] And they might say, "What [us] would buy some of the LNG you have?" "Perry said, relying on his chair as he whispered to his moderator. demand "by means of clean, renewable and zero-emission power sources."

Green New Deal has naturally raised significant political and energy activities. "I don't assume [Ocasio-Cortez] ought to be expelled and displaced, just in front of his feedback, because he needs to reside in a spot with clear air and clear water. The question is, how can we get there?

”I hope to assist him understand what we’ve finished within the last decade with the Slate Revolution… what LNG has executed and the way we will get it to China or India. How can we deliver carbon seize or [other technologies] to nations the place they do not have it, he stated. “I think he and I would say that they are both goals that we can agree that we don't have to be uncomfortable. I have been in this company a spell, and I'd rather pleasant. ”

Grid Resilience continues to be at FERC, DOE Dockets

FERC Chairman Neil Chatterjee stated that network flexibility is only one of many things the Fee has to do to" go through "when it expects a fifth commissioner, changing the later Kevin McIntyren and democracy, taking the place of Commissioner Cheryl LaFleur when her current time period expires at the end of June. (See LaFleur proclaims departure from FERC.)

FERC Chairman Neil Chatterjee meets CERAWeek Press. | © RTO Insider

Initially of 2018, the Fee unanimously rejected the Ministry of Power's announcement of a proposed regulation obliging RTOs and ISOs to compensate coal and nuclear energy plant producers for 90 days of gasoline costs for his or her complete operating costs (RM18-1). Meanwhile, FERC opened up its own flexibility (AD18-7) and directed network operators to reply questions about how they consider flexibility. (See DOE NOPR deserted, Resilience & # 39; conversation turns to RTOs, states.) The commissioners stated they have been utilizing the solutions to seek out out if further action is needed.

”We perceive the urgency of this analysis. however this is so, so essential and necessary, ”Chatterjee stated at a media briefing explaining that there was no timetable for the implementation of the actions. "It's about doing it right and doing so in a thoughtful and deliberate, evidence-based way."

“We have a rich and lasting record ahead of us. What are the attributes that are necessary to improve flexibility? When we have made this determination, will the sustainability of the network be threatened in the long term or in the short term? ", He said. “It's just a really, really complicated commitment, so important that we are well thought out and make sure we get it right. Whatever action we need to take, we must endure a legal review and a record based on facts. ”

Neil Chatterjee | © RTO Insider

Chatterjee stated that Perry confirmed “leadership” by raising the query of cross-resistance.

“People now speak [grid] about reliability and flexibility in the same breath.”

Perry stated he has “thrown a lot of Jell-O on the walls to find a solution that most of us can support.”

” Sure, there are ways to supply power that’s cheaper than coal and core. Pure fuel costs in the present day can produce much cheaper electricity than definitely coal or core, ”he stated. “Gas is cheaper, but it can be interrupted. Are you ready to take the opportunity to save money on this side and the chance of losing power here?

"Is the money spent on basic energy?" Perry asked. “I think it is that we have the energy structure mentioned above. This is a really fascinating debate that we must have. We are looking for an answer to a question that disturbs us right now.

DOE Try to make CCS "sexy"

The Panel on Carbon Capture and Sequestration agreed that it is not a sexy field right now, but it could be

Mark Menezes | © RTO Insider t The projects support FEED studies for carbon dioxide systems in both coal and natural gas power plants.

"We are looking for expansion technologies," Menezes said that funds can be used to retrofit existing units and models to new facilities. “All the new generation is natural gas or renewable energy. We need to minimize the economic incentives for the carbon dioxide we produce every day. So long we have shown who is responsible. We have to stop it and realize that it is in the global interest to do something with these [generation] by-products. "

Pratima Rangarajan, Managing Director of OGCI Climate Investments, followed Menezes' announcement together with her: Annual Organization Carbon Capture, Recycling, and Storage Investment Day in September

" We call the DOE to participate, "Rangarajan said. “We do not believe we can [make carbon capture a reality] without carbon dioxide capture in the United States. We have to stop [CO2] getting into the atmosphere, just like with plastic bottles, so they don't go to the sea. We have to show that it is another way of getting a low carbon energy source that can create jobs and be an energy source, even if it is not sexy. "

Professor Sally Benson of Stanford University called for the fifth growth of CCS, saying that the lack of state aid has hampered growth in the industry. Many expect the IRS to provide guidance on their carbon credits, for those plants that use carbon dioxide emission devices ”originally used by a professional facility before February 9, 2018.” “Benson asked. “For some people it is an economic incentive. For others, it is, “Oh God! This is really scary! The change is really for us. ””

McNamee, Chatterjee Laud Approval of the LNG Undertaking

FERC Commissioner Bernard McNamee, who joined the Commission in December, stated that the current determination by the Commission to simply accept the Calcasieu Move LNG export terminal confirmed that some issues still work for DC: (see LaFleur Sides and Republicans at the LNG Glick Dissents.)

FERC Commissioner Bernard McNamee (on display, 3rd left) participates in CERAWeek panel dialogue (left to right) IHS Markit Daniel Yergin, Emerson Electrical CEO David Farr and Enterprise AJ Teague, CEO of Products. | © RTO Insider

“It's a great opportunity … to take the rich natural gas we have. Everyone in Washington is talking so much about dysfunction, but I thought it was also a good example of being able to put together and make compromises to do this work, ”stated McNamee, who also joined Republican Chatterjee and LaFleur Three-1. choice. (Democratic Commissioner Richard Glick refused.)

Bernard McNamee | © RTO Insider

“We have to find out whether [an order] is in line with the public interest, but it involves a lot of things,” he stated. "We have to take a look at environmental issues… these are all essential issues which were transferred to the federal government to make sure that they are in the public interest." FERC already has 12 proposed LNG projects.

"I'm optimistic, because more often than not allowed the negotiations had been in greenhouse fuel emissions," Chatterjee said. "Now that we’ve the answer to the greenhouse fuel problem and the frame is turned on, I'm actually optimistic, as a result of it provides us the opportunity to simply accept some in front of our tasks."

NRG Gutierrez-race rivals out there

NRG Power President and CEO Mauricio Gutierrez might have rights of States advocate for environmental policy, however not with regards to competing markets and the web.

Mauricio Gutierrez | © RTO Insider

”States have the best to determine on their environmental policy. If they need an ordinary for a renewable portfolio or a clear power normal for their electors, they’ll undoubtedly have the best, ”he stated throughout a news convention on Thursday.

“Where do I have a different opinion? competitive market. Competitive markets work, and they work well, ”Gutierrez stated. “We need to define what we want on the web and give competitive forces the best way to respond to these qualities. American history has told us that competitive markets are the most effective way to provide consumers with benefits. I think it's the same in the electricity market. ”

– Tom Kleckner