The document discusses various renewable energy initiatives in New England. It provides statistics on installed capacity and generation of different renewable sources such as wind, solar, geothermal, and biomass. It also discusses federal incentives for renewable energy under the American Recovery and Reinvestment Act and other programs. Transmission issues around integrating renewable energy onto the grid are also covered.
This webinar addresses the key industry trends impacting transmission development, FERC Order 1000 and the impacts of the removal of the right of first refusal for transmission developers.
Precincts to Support the Delivery of Zero Energy
This report frames the physical and organisational context for precinct action and identifies potential programs and government solutions that may be applied to better streamline the realisation of precinct-scale action to progress towards zero energy (and carbon) ready residential buildings within both new and existing precincts.
The report was developed based on a literature review and engagement with more than 80 stakeholders from industry, academia and government with the aim of identifying appropriate government action in the form of proposed solutions that may be applicable across Commonwealth, state and territory and/ or local governments.
The report has given focus to opportunities for precincts that are not already considered in the Trajectory to ensure that a wider system response is taken to considering the zero energy (and carbon) ready outcomes being sought.
The ScottMadden Energy Industry Update Webcast: Everything Counts ... In Larg...ScottMadden, Inc.
This webcast is based on ScottMadden’s Fall 2019 Energy Industry Update, a semi-annual publication featuring inside views of recent significant events, emerging trends, and original analysis. This webcast provides a great opportunity to take a step back and consider what is happening, what it means, and where our industry is headed.
During this webcast replay, ScottMadden’s energy experts share their views and field questions related to the potential loss of carbon-free generation and its implications, the growing belly of the duck curve, and opportunities for the Western Energy Imbalance Market.
To learn more, visit www.scottmadden.com.
This webinar addresses the key industry trends impacting transmission development, FERC Order 1000 and the impacts of the removal of the right of first refusal for transmission developers.
Precincts to Support the Delivery of Zero Energy
This report frames the physical and organisational context for precinct action and identifies potential programs and government solutions that may be applied to better streamline the realisation of precinct-scale action to progress towards zero energy (and carbon) ready residential buildings within both new and existing precincts.
The report was developed based on a literature review and engagement with more than 80 stakeholders from industry, academia and government with the aim of identifying appropriate government action in the form of proposed solutions that may be applicable across Commonwealth, state and territory and/ or local governments.
The report has given focus to opportunities for precincts that are not already considered in the Trajectory to ensure that a wider system response is taken to considering the zero energy (and carbon) ready outcomes being sought.
The ScottMadden Energy Industry Update Webcast: Everything Counts ... In Larg...ScottMadden, Inc.
This webcast is based on ScottMadden’s Fall 2019 Energy Industry Update, a semi-annual publication featuring inside views of recent significant events, emerging trends, and original analysis. This webcast provides a great opportunity to take a step back and consider what is happening, what it means, and where our industry is headed.
During this webcast replay, ScottMadden’s energy experts share their views and field questions related to the potential loss of carbon-free generation and its implications, the growing belly of the duck curve, and opportunities for the Western Energy Imbalance Market.
To learn more, visit www.scottmadden.com.
Nextera Energy University of Southern California Investment CTimothy O'Brien
This past spring Zane Laws, Quinn Peebles and I competed in the University of Southern California Spring 2018 Investment Competition at USC in Los Angeles. We pitched a long position in NextEra Energy Inc, ticker NEE.
CO2 Reduction Measures in the Electricity Supply Chain in LibyaHusen E . Bader
The electricity supply chain consists of three components; electricity generation, transmission and distribution (T&D) system, and the end-user stage. CO2 emissions from electricity generation are caused by the burning of fossil fuels. Unjustified end-users and electricity losses in the T&D system increase electricity production, which of course indirectly contributes to further emissions. Consequently, this study presents the state of the electricity supply chain in Libya and measures taken to reduce emissions. The analysis shows that efforts are currently being made to diversify the energy mix and to exploit the potential of solar and wind energy. Low carbon fuels and combined cycle technologies remain key sources of electricity generation. In the T&D system, Libya has built a strong transmission system and strict design criteria have been applied. Libya is working on the establishment of Energy Demand Management (EDM), where some power plants have installed EDM-related equipment. Further efforts are needed to reduce technical and non-technical losses. In the end-user stage, per capita electricity consumption corresponds to 3.73MWh, which is considered to be the largest energy consumer in Africa. There is no time-differentiated price that would encourage consumers to switch from peak hours. Libya is currently preparing a national energy efficiency action plan.
Energy Journal Shifting Balance Gulf Countries and the Energy Transition BahrainPower System Operation
Today there is no country, no continent that isn’t forced to grapple
with environmental and energy challenges. All over the world, in
every nation, these challenges manifest specific characteristics
that translate into different decisions.
In recent issues of EJ, we explored what dealing with these challenges
means for African countries, for Europe and for the United
States. In this issue, we are bringing our global voyage through
the effects and perspectives generated by the energy transition
to a close, focusing on the Middle East, and the Gulf countries,
considered one of the most interesting and fast-changing areas in
the world.
These countries have always been key players in the traditional,
fossil fuel-based energy scenario. Today they are determined to
remain world leaders in the new energy horizon that is dawning
before our eyes. Therefore, they’ve chosen to face down the challenges
of diversification and sustainability in a radical manner.
The force driving them in this direction is unquestionably climate
change, but it’s not the only reason. As we explain in more detail
in the article “Life After Oil in the Gulf Region,” the theme of rising
and falling oil prices; an exponential increase in electric energy
consumption (driven by residential consumption); and the need to
diversify domestic industrial production have all inspired leaders
to profoundly rethink economic structures and objectives across
the area.
The strategic plans approved by different countries in the Gulf are
designed to take fuller, more efficient use of the region’s enormous
renewable energy potential. Just look at the green energy generation
targets set by two countries of reference: 50% by 2050 for the
Arab Emirates; 30% by 2030 for Saudi Arabia.
This is also why we’ve focused on things like Saudi Arabia’s Vision
2030 plan (in the article “Future Vision”); on Oman’s Country
Value Program and on Bahrain’s Economic Vision 2030 plan.
RETOOLING NIGERIAS ELECTRICITY GENERATION SUB – SYSTEM FOR SUSTAINABLE GRID O...Najeem Olawale Adelakun
ABSTRACT
Experts are varied in estimating the amount of power needed for national development. One expert
estimated 297,900 MW by the year 2030 using a 13 percent Gross Domestic Product (GDP). The Power
Sector Road Map’s aspiration is 40,000 MW by the year 2020 while the preferred Vision 20:2020 target is
40GW (40,000 MW) available capacity. Vision 20:2020 further proposed that hydro sources contribute 10%
of this value; thermal, 80%; coal, 6% and renewables, 4%. However, as at December 2017, Nigeria’s total
installed generating capacity was 12,324.40 MW. In order to assess the fundamentals and proffer solutions
for the improvement of power generation to meet popular expectations, this work analyses the installed
capacities of the nation from 1986 – 1995, on the one hand and from 2007 – 2016, on the other hand using
graphical illustrations and tables. The gap between the two time phases was deliberate to create some effect.
The results show that over the years, there has been an apparent, non – challance towards systematic
development of Nigeria’s power sector. To put a check to this deteriorating condition / trend, useful
suggestions have been made
Nextera Energy University of Southern California Investment CTimothy O'Brien
This past spring Zane Laws, Quinn Peebles and I competed in the University of Southern California Spring 2018 Investment Competition at USC in Los Angeles. We pitched a long position in NextEra Energy Inc, ticker NEE.
CO2 Reduction Measures in the Electricity Supply Chain in LibyaHusen E . Bader
The electricity supply chain consists of three components; electricity generation, transmission and distribution (T&D) system, and the end-user stage. CO2 emissions from electricity generation are caused by the burning of fossil fuels. Unjustified end-users and electricity losses in the T&D system increase electricity production, which of course indirectly contributes to further emissions. Consequently, this study presents the state of the electricity supply chain in Libya and measures taken to reduce emissions. The analysis shows that efforts are currently being made to diversify the energy mix and to exploit the potential of solar and wind energy. Low carbon fuels and combined cycle technologies remain key sources of electricity generation. In the T&D system, Libya has built a strong transmission system and strict design criteria have been applied. Libya is working on the establishment of Energy Demand Management (EDM), where some power plants have installed EDM-related equipment. Further efforts are needed to reduce technical and non-technical losses. In the end-user stage, per capita electricity consumption corresponds to 3.73MWh, which is considered to be the largest energy consumer in Africa. There is no time-differentiated price that would encourage consumers to switch from peak hours. Libya is currently preparing a national energy efficiency action plan.
Energy Journal Shifting Balance Gulf Countries and the Energy Transition BahrainPower System Operation
Today there is no country, no continent that isn’t forced to grapple
with environmental and energy challenges. All over the world, in
every nation, these challenges manifest specific characteristics
that translate into different decisions.
In recent issues of EJ, we explored what dealing with these challenges
means for African countries, for Europe and for the United
States. In this issue, we are bringing our global voyage through
the effects and perspectives generated by the energy transition
to a close, focusing on the Middle East, and the Gulf countries,
considered one of the most interesting and fast-changing areas in
the world.
These countries have always been key players in the traditional,
fossil fuel-based energy scenario. Today they are determined to
remain world leaders in the new energy horizon that is dawning
before our eyes. Therefore, they’ve chosen to face down the challenges
of diversification and sustainability in a radical manner.
The force driving them in this direction is unquestionably climate
change, but it’s not the only reason. As we explain in more detail
in the article “Life After Oil in the Gulf Region,” the theme of rising
and falling oil prices; an exponential increase in electric energy
consumption (driven by residential consumption); and the need to
diversify domestic industrial production have all inspired leaders
to profoundly rethink economic structures and objectives across
the area.
The strategic plans approved by different countries in the Gulf are
designed to take fuller, more efficient use of the region’s enormous
renewable energy potential. Just look at the green energy generation
targets set by two countries of reference: 50% by 2050 for the
Arab Emirates; 30% by 2030 for Saudi Arabia.
This is also why we’ve focused on things like Saudi Arabia’s Vision
2030 plan (in the article “Future Vision”); on Oman’s Country
Value Program and on Bahrain’s Economic Vision 2030 plan.
RETOOLING NIGERIAS ELECTRICITY GENERATION SUB – SYSTEM FOR SUSTAINABLE GRID O...Najeem Olawale Adelakun
ABSTRACT
Experts are varied in estimating the amount of power needed for national development. One expert
estimated 297,900 MW by the year 2030 using a 13 percent Gross Domestic Product (GDP). The Power
Sector Road Map’s aspiration is 40,000 MW by the year 2020 while the preferred Vision 20:2020 target is
40GW (40,000 MW) available capacity. Vision 20:2020 further proposed that hydro sources contribute 10%
of this value; thermal, 80%; coal, 6% and renewables, 4%. However, as at December 2017, Nigeria’s total
installed generating capacity was 12,324.40 MW. In order to assess the fundamentals and proffer solutions
for the improvement of power generation to meet popular expectations, this work analyses the installed
capacities of the nation from 1986 – 1995, on the one hand and from 2007 – 2016, on the other hand using
graphical illustrations and tables. The gap between the two time phases was deliberate to create some effect.
The results show that over the years, there has been an apparent, non – challance towards systematic
development of Nigeria’s power sector. To put a check to this deteriorating condition / trend, useful
suggestions have been made
Advanced DOE with Minitab (presentation in Costa Rica)Blackberry&Cross
DOE:Diseño de Experimentos
Esta presentación fue dada por Minitab Inc., en Costa Rica, en el año 2007, como parte del trabajo de Blackberry&Cross, socio de Minitab Inc., para América Central, en la promoción y difusión de temas STEM, y de la comercialización de Minitab Statisitical Software.
This webinar session discusses changes to the generation portfolio, the introduction of significant renewable resources, and the deployment of customer-side resources.
John Lushetsky, Program Manager of the Solar Energy Technologies Program at the DOE Office of Energy Efficiency and Renewable Energy, presented on April 19, 2010 at the GW Solar Institute Second Annual Symposium. more information at http://solar.gwu.edu/Symposium.html
Terry Mohn, Chief Innovation Officer, Balance Energy Vice Chairman, GridWise Alliance
Implementing large renewable energy resources: Is storage the solution to renewable generation?
• Deploying carbon reducing technologies such as wind,
solar, geothermal and plug-in vehicles
• Meeting the challenges of storage and transportation of Renewable energies such as wind and solar
• Developing a smarter grid in which users can produce their own power and provide its own localized storage
The first quarter of 2009 has ushered in a new era for the alternate energy market in the US. This has resulted in a visible increase in interest on alternate energy technologies. Most would think the attention to alternate energy has come just in time, especially with the rise in fossil fuel prices, stringent environmental regulations, and significant changes in preferences among consumers.
Offshore Wind Energy Installed Capacity to Reach 52,120.9 MW by 2022 collinsR1
The growing focus on renewable energy and the advantages offered by offshore wind energy over its onshore counterpart have led to greater installations of offshore wind energy. Favourable regulatory framework, incentives, and investments by key market players have further supported the market’s growth. The global installed capacity in the offshore wind energy market is anticipated to expand at a CAGR of 25% during the period between 2014 and 2022 to reach 52,120.9 MW by 2022.
How is the offshore wind energy market in Europe shaping up?
In Europe, countries such as the U.K., France, Germany, Netherlands, and Denmark are the pioneers in the offshore wind energy market and hence, Europe is the largest market for offshore wind energy. In 2013, the region reported 1,567 MW of new capacity additions in the offshore wind energy market. Germany holds about 30% of the consented offshore wind farms in Europe and has emerged as one of the leading offshore wind energy markets.
Offshore Wind Energy Market Trends and Forecast 2014 - 2022collinsR1
According to a recent market research report published by Transparency Market Research, the installed capacity in the global offshore wind energy market is expected to increase at a CAGR of 25.0% during the period between 2014 and 2022. The report, titled “Offshore Wind Energy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022,” projects the annual installations in the global offshore wind energy market to reach 7,228 MW by 2022.
Complete Report Offshore Wind Energy Market with TOC : http://www.transparencymarketresearch.com/offshore-wind-energy-market.html
ScottMadden's Energy Industry Update for the 2019 Utility Supply Chain Confer...ScottMadden, Inc.
As economic growth continues, and policies are increasingly driven by state and regional issues, utilities are placing bets, with large investments, on various growth strategies. They continue to face opposition and challenges from various stakeholders with disparate interests. Energy and utility companies will try to thread the needle of developing and upgrading much needed infrastructure, while satisfying those interests.
During the 2019 Utility Supply Chain Conference, Cristin Lyons reviewed the latest Energy Industry Update and shared key highlights for topics including:
- Electrification: A summary of increased electrification activities (ie: transportation/space heating) being promoted by electric industry stakeholders, and electrification’s pros and cons
- Wholesale energy infrastructure development: A discussion of proposed gas and power transmission projects, potential regulatory changes, and surrounding issues/implications
- Grid modernization: Noteworthy efforts around the nation, including both the programs and the common themes.
Learn more at www.scottmadden.com.
1000-1250 words
Table of Contents
Abstract 2
Introduction 3
Organizational analysis 3
Leadership 3
Market 3
Operations 3
Finance 4
Performance 4
Regulatory environment 4
Critical incidents 4
Investment potential 4
Recommendation 4
References 5
Abstract
The goal of this case study is to provide a detailed outline for potential addition into the company’s investment portfolio. The company targeted for potential investment is Pacific Gas and Electric Company or PG&E. Covered herein is the organizational analysis, critical incidents, the company’s investment potential, and recommendations based on findings.
Introduction
PG&E Corporation (PG&E or the company) is an energy-based holding company for Pacific Gas and Electric Company (Pacific Gas and Electric). PG&E subsidiaries provide customers with public utility services, and services relating to the generation of energy, transmission of electricity and natural gas, generation of electricity, and the distribution of energy. The company primarily operates in the US. It is headquartered in San Francisco, California, and employed 21,166 people as on December 31, 2013.Organizational analysisLeadership
PG&E is an energy-based holding company for Pacific Gas and Electric. Pacific Gas and Electric is engaged primarily in the following businesses: electricity and natural gas distribution; electricity generation, procurement, and transmission; and natural gas procurement, transportation, and storage. PG&E operates through two segments: electric and natural gas. The company's strength lies in its strong distribution network in electricity and natural gas segments, which provide it with a competitive edge. However, volatility of the natural gas and electricity markets may adversely impact its financial condition, results of operations, and cash flows.Market
PG&E's subsidiary, Pacific Gas and Electric, has a strong distribution network for the supply of electricity and natural gas. As on December 31, 2013, the company owned approximately 18,115 circuit miles of interconnected transmission lines operated at voltages of 500 kV to 60 kV and transmission substations with a capacity of 62,289 MVA. Pacific Gas and Electric's electricity distribution network consists of approximately 141,000 circuit miles of distribution lines (of which approximately 20% are underground and approximately 80% are overhead), 58 transmission-switching substations, and 603 distribution substations. The strong distribution network provides competitive advantage to the company.Operations
As on December 31, 2013, Pacific Gas and Electric's natural gas system consisted of approximately 42,559 miles of distribution pipelines, over 6,000 miles of backbone and local transmission pipelines, and various storage facilities. Pacific Gas and Electric owns and operates three underground natural gas storage fields connected to its transmission and storage system and has a 25% interest in the new Gill Ranch Storage Field. In addition, three indep.
Rhone Resch, President & CEO of the Solar Energy Industries Association (SEIA), presented at the GW Solar Institute Symposium on April 19, 2010. For more information visit: solar.gwu.edu/Symposium.html
1. DOE and FERC Renewable Initiatives Renewable Energy in New England Law Seminars International June 25, 2009 Elaine M. Walsh Kirkland & Ellis LLP 655 15th Street, NW Washington, DC 20005 +1 (202) 879-5044 [email_address]
8. ISO-NE: Renewable Generation Year-to-Date through February 2009. (Thousand Megawatt-Hours) Source: EIA - Electric Power Monthly released May 15, 2009.
48. Chicago Kirkland & Ellis LLP 200 East Randolph Drive Chicago, IL 60601-6636 +1 (312) 861-2000 +1 (312) 861-2200 fax London Kirkland & Ellis International LLP 30 St Mary Axe London EC3A 8AF +44 20 7469 2000 +44 20 7469 2001 fax Los Angeles Kirkland & Ellis LLP 777 South Figueroa Street Los Angeles, CA 90017-5800 +1 (213) 680-8400 +1 (213) 680-8500 fax San Francisco Kirkland & Ellis LLP 555 California Street San Francisco, CA 94104 +1 (415) 439-1400 +1 (415) 439-1500 fax Palo Alto Kirkland & Ellis LLP 950 Page Mill Road Palo Alto, CA 94304 +1 (650) 859-7000 +1 (650) 859-7500 fax Mailing Address: P.O. Box 51827 Palo Alto, CA 94303 Munich Kirkland & Ellis International LLP Maximilianstrasse 11 80539 Munich +49 89 2030 6000 +49 89 2030 6100 fax Washington, D.C. Kirkland & Ellis LLP 655 Fifteenth Street, N.W. Washington, D.C. 20005-5793 +1 (202) 879-5000 +1 (202) 879-5200 fax Hong Kong Kirkland & Ellis International LLP 26th Floor, Gloucester Tower The Landmark 15 Queen's Road Central Hong Kong +852 3761 3300 +852 3761 3301 fax New York Kirkland & Ellis LLP 601 Lexington Avenue New York, NY 10022 +1 (212) 446-4800 +1 (212) 446-4900 fax
Editor's Notes
see recent FERC MOUs with Washington and Oregon
According to NOAA, more than half of the population lives within 50 miles of US coastline
BLM is siting Concentrated Solar Power. Bottom line: there is a huge backlog at BLM due to lack the resources/experience with rapid siting and is challenged by their obligations under the endangered species act. Because CSP uses large amounts of water to cool the equipment, and there is limited water in the best solar areas, it endangers plants and animals. WSJ article re Devil Hole pupfish.
Source: Geothermal Energy Association; US Geological Survey Geothermal Fact Sheet 2008
Source: Energy Information Administration - Renewables & Alternative Fuels Although dispatchable and readily available, biomass fuels create emissions and the low energy density means it is generally not cost effective to transport except very short distances. Several states discount or exclude biomass from RPS.
Climate bills propose federal standard of 20% by 2020 for House and 15% by 2021 for Senate. Can comply with payment - $25/MWh in House $21/MWh in Senate bill. Senate has broader FM provisions for retail suppliers. Refer back to low participation rates on slide 7.
Note: the original DOE loan program was started in 2005. The first loan was actually disbursed in February 2009 to Solyndra, a solar manufacturer. The old DOE program used solicitations. Secretary Chu has stated that this ARRA loan program will use a rolling application process in lieu of the solicitation process.
In Piedmont, FERC authority only when state is unable to act, fails to act timely, or imposes “project-killing” conditions. On June 12, Chairman Wellinghoff testified before Congress that even jurisdiction over tx siting for renewables would be helpful, after states have had an opportunity to address. No project has sought FERC tx siting approval under this law - SCE request for Devers-Palo Verde 2 tx line withdrawn.
Glebe Mountain (VT), GenPower biomass (NH), Black Nubble (ME) dead
(i) an analysis of potential sources of renewable energy that are unable to access markets because of a lack of adequate transmission capacity, (ii) an analysis of the reasons for failure to develop adequate transmission capacity, (iii) recommendations for achieving adequate transmission capacity, and (iv) analysis of the effect of legal challenges on delaying construction necessary to access renewables references: ARRA 409 (Renewable Electricity Transmission Study) $3.25 billion in borrowing authority for Bonneville Power Administration to finance the construction, acquisition, and replacement of BPA’s transmission system $3.25 billion in borrowing authority for the Western Area Power Administration for (i) constructing, planning, operating, and maintaining new or upgraded transmission lines with at least one terminus in WAPA’s service area and (ii) delivery or to facilitate delivery of power from new renewables. Loan guarantees ARRA 406 Section
Order 679 issued July 2006. Codified at 18 C.F.R. § 35.35. Green Power Express (ER09-14-002) April 16, 2009. Expected to move up to 12,000MW. PSE&G Suquehanna Line: The PPL Electric Utilities Corporation and Public Service Electric and Gas Company project, designated the Susquehanna Line, will span 130 miles across northeastern Pennsylvania to northern New Jersey. The PJM Interconnection LLC, the regional transmission operator for the Mid-Atlantic region, called this project a "baseline project" in its 2007 Regional Transmission Expansion Plan. FERC approved a 1.25 percent ROE adder, a reduction from the 1.50 percent that was requested; a one-half percent adder to each utility's base ROE for continued membership in PJM; a 100 percent recovery of prudently incurred expenses for CWIP to be included in rate base; abandonment incentives; and authority to transfer certain incentives to as-yet unidentified affiliates. Includes: a) 1.25 % adder for the utility’s base return on equity. b) ◦ A one-half % adder to each utility’s base return on equity for continued membership in PJM Interconnection. (FERC: EL08-23-000. April 17, 2008) PacifiCorp - Energy Gateway Transmission Expansion Project (involves eight segments covering portions of Nevada, Idaho, Oregon, Utah, Washington and Wyoming and is planned to go on-line between 2010 and 2014). FERC: Approved 2% ROE adder (sponsor requested 2.5%) for all segments except Washington, due to failure to provide sufficient evidence to meet statutory requirements for that one segment. Base ROE to be determined, as stated in order, in future 205 rate filing. (FERC: EL08-75-000 , October 16, 2008) FERC CAISO Order: (Docket: EL07-33-000 ) "Under the LCRI policy, each location-constrained generator pays for its share of transmission facilities on a simple per-MW basis. The cost of transmission capacity not initially subscribed by generators is recovered in general transmission rates until additional new generators come online and pay for that capacity. In order for a transmission project to be eligible for LCRI treatment, FERC-approved thresholds of generator commitment must be demonstrated. The CPUC actively participated in the process that developed this policy, and fully supported the CAISO’s proposal at the FERC."
As noted in Commr. Kelly’s Mar. 3, 2009 testimony to Congress, FERC has limited authority to enforce smart grid standards. Mainly over public utility rates and reliability. Can provide rate incentives and cost recovery. Stranded costs minimized by open operability standards and upgradeable technology.
Study has various assumptions from “business as usual” (currently 37 GW, mainly large C&I) to “full participation” (188 GW) which assumes advanced metering infrastructure (AMI) installed everywhere. Study shows large participation in CT, mainly thru ISO-NE FCM market. Regional differences for DR potential in cost-effectiveness b/c of A/C saturation, amount of residential and large C&I load, regional price elasticity (Western US more responsive to price).