ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Power grid watchdog warns of higher winter blackout risks, cites Biden energy policies as top threat

The North American Electric Reliability Corp. says more than half the U.S. is at risk of electricity shortages this winter, and it warns against the EPA's proposed power plant rule.

The North American Electric Reliability Corp. (NERC) warned this week that more than half the U.S. is at an elevated risk of blackouts this winter due to a combination of increased demand, regional power generation shortfalls and potential fuel delivery challenges in the event of prolonged cold weather events.

The findings came from NERC's annual Winter Reliability Assessment released Wednesday, which, for the first time in its 55-year history, pointed to energy policy as one of the top threats to the U.S. power grid due to the Biden administration's green agenda.

The National Rural Electric Cooperative Association (NRECA) said the key factors contributing to the risk are increasing demand for electricity to power things like electric vehicles, decreasing generation due to the premature closures of coal and gas-fired power plants, and permitting delays that prevent new infrastructure from being built and connected to the grid.

HOUSE REPUBLICANS DEMAND ANSWERS FROM BIDEN ADMIN ON ‘MAJOR’ NEW GAS FURNACE RULE

The NRECA hit out directly at the Environmental Protection Agency's (EPA) proposed power plant rule aimed at reducing plant emissions by 90% by 2035, saying the Biden administration's plan uses "unproven technologies and unrealistic compliance timelines" and "threatens electric reliability and affordability for every American."

The EPA argues that its new carbon pollution standards for coal and new natural gas-fired power plants will help "tackle the climate crisis and protect public health," promising it will avoid up to 617 million metric tons of total carbon dioxide through 2042.

BIDEN'S GREEN AGENDA IS ‘INCREDIBLY FAR’ FROM ACHIEVING ITS GOAL: BJORN LOMBORG

"By proposing new standards for fossil fuel-fired power plants, EPA is delivering on its mission to reduce harmful pollution that threatens people’s health and well-being," EPA Administrator Michael Regan said in a statement touting the plan earlier this year. "EPA’s proposal relies on proven, readily available technologies to limit carbon pollution and seizes the momentum already underway in the power sector to move toward a cleaner future."

The NRECA called current federal energy policies "reckless and irresponsible."

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"The industry can’t be any clearer about the escalating dangers posed by a mismanaged energy transition," the organization said in reaction to the NERC findings. "Just as the grid is in desperate need of policy support, policymakers are ignoring the warning signs of eroding reliability and continuing to push reckless and irresponsible policies forward."

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.