Friends,

After gorgeous weekend of amusement parks (my final 5th-grade trip to Hershey Park) and lacrosse (Beach Lax in OC, MD), I start today with the disappointment in Elmont, NY where California Chrome fell short to Tonalist in the third leg of the Triple Crown.  It was sad to hear Chrome’s owner make comments following the race that made him seem like sore losers.  It really ruins what was a fairy tale story.  Good matches at the French Open as well where Maria Sharapova took the women’s title on Saturday and Rafa Nadal won his record 9th French title, outlasting Novak Djokovic in four sets. (Not quite the five-set classic in last year’s semi, but still great)  The win ties Nadal for second on the major wins list with Pete Sampras at 14, only three behind Roger Federer.

This week, we continue the NHL and NBA finals after the LA Kings won two come-from-behind victories over the Rangers and the Heat and Bracewell-client San Antonio Spurs split at one game apiece.  Hockey tonight and Wednesday from Broadway and hoops tomorrow and Thursday from South Beach.  As well, Thursday starts the 114th U.S. Open, golf’s second major.  Please get your GHG media questions in prior to Thursday mid-morning.  Finally, the FIFA World Cup starts Thursday as well in Brazil regardless of reports of traffic woes, unfinished stadiums and major concerns about costs.   The US is in Pool G or the “Pool of Death” with tough opponents Germany, Portugal and Ghana (who defeated the US in 2010) and starts play next Monday.

This week in DC will seem much slower after last week’s parade of issues led by Monday’s GHG roll out, the GM recall report and the CSB’s Macondo report both Thursday.  On the docket in Congress, there could be some focus this week on the FERC nominations of Cheryl LeFleur and Norman Bay.  While there have been many back and forth discussions, seems like Senate Leader Harry Reid is once again undercutting any potential progress (because those type of heavy handing tactics worked last time).  Tomorrow, Senate Environment look at Superfund and House Approps marks up energy/water funding.  On Wednesday, former HUD Sect and current OMB nominee Shaun Donovan heads to Senate HSGA and Budget Committees for his confirmation hearing, while House Transportation look at the new “waters of the US” rule. (Remember, my colleague Lowell Rothschild, 202-828-5817, is the best expert on the topic)

Two other good events this week include a Hill forum on offshore wind featuring Sen. Tom Carper on Thursday at 10:00 a.m. sponsored by the U of Delaware’s Special Initiative on Offshore Wind and a GHG EPA forum on Wednesday featuring our friends Mike Ball and Elizabeth Roberts.   More below.

Finally, in case you missed it (and you probably did), the White House snuck out a report late Friday linking public health and climate change despite their endangerment finding which says there is no link.  More below.  As well, my colleague Jeff Holmstead visited with Platts Energy Week’s Chris Newkumet for Sunday’s show.  Call with questions.

Frank Maisano
(202) 828-5864
c. (202) 997-5932

IN THE NEWS

White House Releases Public Health, Climate Link – Late Friday, the White House said climate change “threatens the health and well-being of Americans.  The report says climate change will increase ground-level ozone and particle pollution, which could worsen respiratory illnesses like asthma. It also makes the case that climate change will contribute to more extreme heat, increase instances of infectious disease, lead to higher pollen counts and raise the frequency of rainfall and flooding.

Sounds Familiar – We mentioned this last week, but interestingly, it was the White House itself that undercut this claim in its Endangerment Finding, which the whole regulatory edifice is built upon.  “To be clear, ambient concentrations of carbon dioxide and the other greenhouse gases, whether at current levels or at projected ambient levels under scenarios of high emissions growth over time, do not cause direct adverse health effects such as respiratory or toxic effects. All public health risks and impacts described here as a result of elevated atmospheric concentrations of greenhouse gases occur via climate change.”  That is Washington DC Political irony at its best.

Segal: Public Health/Climate Link is Uncertain – Scott Segal, director of the Electric Reliability Coordinating Council (ERCC), said the report purporting to link global warming to health effects is another attempt to defend its expensive carbon regulations for existing power plants.  That warming has adverse consequences is hardly controversial anymore; that the new EPA carbon rules will do anything to address those consequences is highly controversial.  The fact is that the new proposal will not address climate change in any meaningful way, and raising energy prices as the new EPA rules represents a serious threat to public health.  Segal added “unilateral US regulations will not reduce the threat of global warming, which is an international phenomenon.”  US carbon emissions have been stable or declined over the last decade. By contrast, Chinese emissions have increased over 170% while India’s emissions have increased over 90%. There is little evidence that our trade competitors will “follow our lead” on carbon regulation when the competitive advantage of their industries hang in the balance. Indeed, as manufacturing moves overseas in search of more optimal regulatory conditions, even more carbon will be released as less efficient factories churn out goods that must then be transported thousands of miles back to US customers. Our trading partners with measurably worse environmental records may be the real winners when the US goes it alone with unilateral carbon regulations.  For more, see the answers to Questions 4 and 5 of the ERCC report, as well as the recent report from American Coalition for Clean Coal Electricity.

House Doctors Letter Predicted this Effort, Raised Concerns – Earlier this year, 11 House doctors already predicted the White House would attempt to make this link.  They wrote to the EPA Administrator in March 2014 asking her to take this significant health effects into account as she formulated the carbon rule.  So far, the Agency failed to do so.  The letter says by increasing energy costs, the proposed rule could actually make public health worse 1) by increasing the cost of medical care and treatment; and 2) by imposing real threats on human health by suppressing economic growth and the improved health it brings.

State Oil-Rail Report Raises Concerns about Deaths – In case you missed it on Friday as well, the State Department published a 300-page list of corrections to the Keystone Environmental Impact Statement.  On page one, State has used an updated incident analysis method to significantly increase its estimate of the human health impacts of failing to build the pipeline.   In the original EIS, State had estimated that failing to build Keystone would result in increased crude-by-rail traffic causing 6 more deaths and 49 more injuries annually.   State says the revised data results in an estimate of 28 additional fatalities and 189 injuries.  This may have effects outside of the Keystone debate, given the estimates of significantly more injuries and deaths from crude-by-rail v. pipelines.  The updated numbers appear to strengthen the case for approving Keystone (as well as other pipelines) by reinforcing the notion that rail is not as safe as carrying oil by pipeline.

WSJ Reid Influence Causing Rift at FERC – Today, our friend Amy Harder at the Wall Street Journal highlights the role Senate Majority Leader Harry Reid has been playing in shaping FERC to benefit his home state of Nevada.  Unfortunately, the efforts have undercut not only the agency, but also the process of finding a new member and potential Chair.  Already, Reid was publicly called out by Democratic Commissioner John Norris during the previous failed Ron Binz nomination.  Now a rift with current acting chair and Democratic-appointed Cheryl LeFleur is openly discussed in Harder’s article.  With a number of ongoing discussions regarding the current nominations of LeFleur and Norman Bay, one wonders how this one gets resolved.

UBS Report Questions PJM Action Process – UBS Securities just issued a report focused on issues related to rigging supply in the recent PJM capacity auction.  UBS identifies at least four companies that deliberately withheld capacity from the auction to create tighter supply and raise prices for all of their plants that did clear the auction.  UBS lists Exelon, NRG and Dynegy. They key takeaway is that all the incumbent generators in PJM benefit from what these companies did.  From UBS report: “But who wins? Mostly EXC, NRG and DYN, but whole sector should benefit Despite the lower MWs committed through the use of portfolio bidding, all four companies are among the biggest beneficiaries of the auction results. We suspect the entire sector will continue to benefit from the trade, however, more Eastern-oriented MAAC names could still be more muted in upside given the substantial announcement of new and converted gas-fired capacity.”

Former NYT Reporter Calls out PJM Auctions – Speaking of the topic, law professor David Cay Johnson, offers additional details of how incumbent generators in PJM like Exelon rigged the recent PJM capacity auction to rake in lots of profit for itself, at the expense of ratepayers across the whole PJM footprint.   Johnson only points to Exelon in the article, using them as the example/case study. He also argues that consumers end up paying the price for higher rates.  Johnston, an investigative reporter who won a Pulitzer Prize while at The New York Times, teaches business, tax and property law of the ancient world at the Syracuse University College of Law. He is the best-selling author of “Perfectly Legal“, “Free Lunch” and “The Fine Print” and editor of the new anthology “Divided: The Perils of Our Growing Inequality.”

ON THE SCHEDULE THIS WEEK

EEI Hold Annual Meeting – The Edison Electric Institute holds its annual convention this week in Las Vegas at the Aria Resort.  Main speakers include CIA Director Mike Morrell, Warren Buffet, EPA’s Gina McCarthy and former Defense Sect Bob Gates.

McCarthy, Jewell Address Western Govs –  The Western Governors Association meets today through Wednesday at the Broadmoor in in Colorado Springs.  Interior Secretary Sally Jewell speaks today while EPA Head Gina McCarthy addresses the group tomorrow.  Of course the GHG rule, fire issues, natgas drilling, resource management and land use will all be on the agenda.  By the way, dress code for meeting is western casual for all events (jeans or slacks, no coats or ties required for men).  How about that?  I wonder if Gina will be there in boots, western shirt and hat.

Brookings Forum to Focus on Natural Resource Transparency – Today at 4:00 p.m., the Development Assistance and Governance Initiative at Brookings, Natural Resource Governance Institute (formerly the Revenue Watch Institute), and Global Witness will co-host a discussion on international developments in natural resource transparency. The discussion will consider how transparency of payments to governments can improve the governance of natural resource wealth and combat corruption, and the business case for consistent disclosure across jurisdictions. Senator Ben Cardin will deliver a keynote address. A panel discussion will follow, including Stephen Comstock, Director, Tax & Accounting Policy, American Petroleum Institute; Michelle Kosmidis, European Commission and EU Fellow at the Fletcher School; Bennett Freeman, Senior Vice President, Sustainability Research and Policy, Calvert Investments, Inc.; Simon Taylor, Founding Director, Global Witness; and Nigerian anti-corruption campaigner Dotun Oloko. Brookings Nonresident Senior Fellow and Natural Resource Governance Institute President Daniel Kaufmann will moderate the discussion.

Forbes Exec to Keynote Energy Capital Conference – The 7th annual Energy Capital Conference will be held today and tomorrow at the Omni Houston Hotel.  The event addresses effective strategies for oil and gas executives interested in expanding their knowledge of how to successfully access and deploy capital.  The keynote speaker will be entrepreneur-turned-publisher, columnist, television commentator, private investor and board director, Rich Karlgaard.  Karlgaard has a unique vantage point on the trends driving the business and investment climates. His insights help audiences see the global marketplace with new eyes.

House Approps Panel to Mark Up Funding Bill – Tomorrow morning, the House Appropriations Committee’s panel on Energy and Water Development will meet to mark up the FY 2015 Energy and Water Appropriations Bill.  The committee released its draft $34 billion this morning.  The bill is $50 million less than the fiscal 2014 enacted level but $327 million above the president’s fiscal 2015 request, according to our friends at POLITICO.

USEA to Look at Role of CCS, Offshore Storage – Following its previous event on the USGS’s assessment of carbon storage potential, the U.S. Energy Association will hold a second forum tomorrow at 2:00 p.m.  The presentation will provide a high-level perspective on the role of CCS in a variety of energy chains that are critical for future global energy markets. In addition to typical coal-fired electric utilities, topics covered include heavy oil refining, LNG, hydrogen, enhanced oil recovery, and (un)conventional gas. The second part of the presentation will cover subsurface storage and monitoring technologies, with an emphasis on the importance of developing offshore geologic storage for successful national and international deployment of CCS.  Tip Meckel, Research Scientist at the Bureau of Economic Geology at the University of Texas at Austin will speak.

Forum to Look at Environment in 21st Century – Center for International Environmental Law will hold a forum tomorrow at Noon to Look at environmental issues in the 21st Century.  Dan Magraw will discuss how the Magna Carta, which turns 800 in 2015, has become an iconic symbol of liberty and rule of law even though it is essentially a myth.  He will also discuss contemporary issues in law and human rights as they relate to that myth, including the contradiction between Magna Carta’s promise that no one is above the law and current US sovereign immunity law that protects various levels of government from being sued. Finally, he will speak about Magna Carta’s lesser known offspring, the 1217 Carta de Foresta — the Charter of the Forest — one of the world’s first environmental laws.  Dan Magraw is a Professorial Lecturer and Fellow at the Foreign Policy Institute at Johns Hopkins University’s School of Advanced International Studies.

Forum to Focus on Grid Resilience, Gas-Electric Coordination – WIRES and the Environmental and Energy Study Institute (EESI) will hold a briefing tomorrow at 2:30 p.m. in 210 Cannon about the key challenges and opportunities facing electric transmission infrastructure development. In light of Super Storm Sandy, the attack on the Metcalf Substation in California, and growing cyber threats to the grid, transmission owners, planners, and operators are devising new approaches to ensure high levels of reliability and grid security.  Second, the magnitude of the current need to ensure efficient power markets and access to diverse energy resources makes development of robust transmission infrastructure a national priority. The shale gas revolution provides an additional reason to strategically plan the expansion and modernization of the grid while addressing pipeline constraints and access to renewable resources.  Finally, these developments are being dealt with in a more competitive bulk power environment, including competition to own, build, and construct important new transmission facilities. New entities and joint ventures are emerging to augment the historical role of incumbent load-serving entities with respect to strengthening the grid regionally and inter-regionally.  Speakers will include NERC’s Charles Berardesco and FERC’s Director of the Office of Energy Infrastructure Security Joe McClelland, among others.

CSIS Crude Export Forum to Feature Yergin, Book – The Center for Strategic and International Studies (CSIS)will hold a forum and release a new IHS report tomorrow at 3:00 p.m. in the impacts of lifting the crude oil ban.  Over the last 5 years, the dramatic increase in U.S. oil production, especially light, tight oil from unconventional plays, has caused U.S. imports of foreign oil to plummet.  As domestic production continues to grow, however, there is a growing concern about a possible mismatch between the U.S. refining capability and the lighter quality characteristics of these unconventional plays. This has led to a revisiting of the U.S. policy which prohibits export of crude oil (with some exceptions). As the export debate sharpens, a number of studies have been commissioned to explore the implications of retaining, relaxing, or removing the existing barriers to crude oil exports. CSIS convened a session exploring the infrastructure and regulatory barriers to exports and an additional session on the crude oil export issue specifically.  The session will feature recent analysis completed by IHS Global, assessing the impact of the export ban and free trade on the U.S. economy.  Presenting the findings of the IHS analysis will be Dr. Daniel Yergin and Kurt Barrow. Following the presentation, Frank Verrastro and Kevin Book will provide commentary on the report and discuss the policy implications of the export decision. The session will conclude with a Q/A session. Guy Caruso will moderate the discussion.

Senate Committees to Hear OMB Nominee – The Senate Homeland Security Committee and Senate Budget Committee will hold hearings on Wednesday to discuss new Office of Management and Budget Nominee Shaun Donovan.  Donovan is replacing Sylvia Mathews Burwell, who was just sent over the Health and Human Services.  Senate HSGA at 10:00 a.m. and Senate Budget at 2:00 p.m.

House Transportation Panel to Look at “Waters” Rule – A House Transportation panel will hold a hearing  Wednesday on the new “waters of the US” rule, which is aimed at increasing the number of streams and wetlands that currently receive automatic protection under the Clean Water Act.  Witnesses will include  Deputy EPA administrator Bob Perciasepe, Assistant Secretary of the Army for civil works Jo-Ellen Darcy; Oklahoma Water Resources Board director J.D. Strong, Mark Pifher of Colorado Springs Water Utilities, ; Riverside County, CA Flood Control & Water Conservation District chief engineer Dusty Williams, Farm Bureau President Bob Stallman and National Association of Home Builders board chair Kevin Kelly.

House Foreign Affairs to Discuss Energy in Middle East, North Africa — The House Foreign Affairs Committee’s Subcommittee on the Middle East and North Africa will hold a hearing on Wednesday at 10:00 a.m. assessing energy priorities in the Middle East and North Africa.  Amos J. Hochstein, Deputy Assistant Secretary for Energy Diplomacy in State’s Bureau of Energy Resources will testify.

CSIS Panel to Discuss Energy with Past Administration Experts – The CSIS Energy and National Security Program will host a roundtable discussion on Wednesday at 10:00 a.m. looking at the evolution of the nation’s energy policy, particularly as it relates to the new energy reality and the reconciling of economic, energy security, foreign policy and environmental objectives.   The event will feature a great panel of experts – each with unique and insightful perspectives – as we put some of the key issues of the day in context, review where we’ve come from, and suggest constructive pathways forward. We have specifically designed this event as a participatory roundtable and look forward to an engaging and instructive conversation.  Panelists include former Senate Energy Committee Chair Bennett Johnston, former FERC Chair Charles Curtis, former Bush 41 Deputy Energy Secretary Linda Stuntz, former Bush 43 Energy official Kevin Kolevar, former Obama energy/climate Advisor Heather Zichal, for Obama NEC advisor Joe Aldy and former Senate Energy staffer and Romney Energy advisor Rebecca Rosen.

Argus Media Staff to Discuss GHG Rule – On Wednesday at 11:00 a.m., Argus will hold a webinar on EPA’s new GHG rule.  Discussion will look at prospects for increased emissions and REC trading, expected impacts on coal-fired power use, the likelihood of expanded renewable and energy efficiency standards in some states, which states will find it hardest to meet compliance and impacts on other industries.  Our friends Mike Ball and Elizabeth Fox will speak.

DOE to Address Solar Mapping – The Energy Department will present a live webinar on Wednesday at 2:00 p.m. focused on solar resources and their technical potential.  As part of Solar Technical Assistance Team’s Do-It-Yourself Solar Market Analysis summer series, this webinar will explain how to make your own location-specific solar resource maps from information such as real-time irradiance and meteorological data. Attendees will also learn how to effectively determine the technical, economic, and market potential in your locality using tools such as MapSearch and RE Atlas.

RFF to Host Climate Book Launch – On Wednesday at 5:30 p.m. , Resources for the Future will host an evening with Yoram Bauman, Author of “The Cartoon Introduction to Climate Change.  The event will be the Washington, DC, book release of Yoram Bauman’s The Cartoon Introduction to Climate Change, published by Island Press.  Using information from the most recent Intergovernmental Panel on Climate Change report, Yoram Bauman, “the world’s first and only stand-up economist,” will provide a unique and entertaining overview of climate science, predictions, and policy. He’ll cover everything from Milankovitch cycles to carbon taxes and will break down complex science and economics with accessible comparisons—-not to mention some good jokes—-to convey a practical understanding of climate change.

WAPA to Hold Chrysler Ride, Drive – The Washington Automotive Press Assn (WAPA)and Chrysler will host a ride and drive Thursday to drive the all-new 2015 Chrysler 200 at River Farm. Simple elegance, an exhilarating driving experience, state-of-the-art technology and beautifully crafted, the all-new 2015 Chrysler 200 charts a new course for mid-size sedan customers who have earned a little luxury in their life, but demand value for their money.  The Chrysler 200 team will share key information on the Chrysler 200 and answer questions.

UDel Offshore Wind Forum to Look at Europe Example – The University of Delaware’s Special Initiative on Offshore Wind will host a briefing on Thursday at 10:00 a.m. at the Capitol Visitor Center SVC 215 on offshore wind looking specifically at lessons learned from Europe that reduce costs and create jobs.  Enough offshore wind capacity to power six million homes—6.5 gigawatts—has been installed in Europe. Most of that capacity has been installed over the past decade. The forum will look at what Europe has learned that is applicable to a U.S. effort to deploy offshore wind off its coasts. Specifically addressing cost reduction and job creation, this congressional briefing includes panelists who will share the primary lessons learned to date, and what those lessons mean for another country looking to develop offshore wind and build an industry. U.S. stakeholders will speak to what these lessons mean for the U.S.  Sen. Tom Carper will speak as well execs from Alstom Power, MD Energy Administration head Abby Hopper and several others.  Our friend Stephanie McClellan will moderate the panel.

Sens. to Address NatGas in Caucus Lunch – The Natural Gas Roundtable will host U.S. Sens. Heidi Heitkamp and John Barrasso at the Natural Gas Roundtable and Senate Natural Gas Caucus Luncheon on Thursday at Noon in 902 Hart.  Sen Energy Chair Mary Landrieu and Saxby Chambliss will also speak.  They formed the bipartisan Senate Natural Gas Caucus in 2009 to better understand the role of natural gas in producing clean, affordable and secure American energy and to raise awareness of the benefits of natural gas.

USEA Hosts Annual EE Forum – On Thursday at 1:00 p.m., USEA holds its 25th Annual Energy Efficiency Forum at the National Press Club.  Many observers believe energy efficiency is at a tipping point. Most states have energy efficiency standards and many utilities include energy efficiency and demand response in their integrated resource management plans. At the same time, the cost to deploy new renewable and distributed energy sources may soon reach parity with the cost to develop central station power plants. Utilities are facing reduced base load energy demand, intermittent supplies of renewable power, and difficulty recovering costs for an increasingly expensive modern grid. These challenges may trip up some traditional market players, and they raise serious questions about the future of our century-old electrical grid. Consumers, regulators, technology suppliers and utilities are all seeking ways to make a smooth transition to a more efficient, resilient and distributed electrical power system while assuring reliable power at competitive prices. Come hear about the issues from the movers and shakers as they debate the role of energy efficiency in future energy systems.

Brookings to Discuss Japanese Energy – On Thursday, the Energy Security Initiative at Brookings will host an event looking at the future of Japanese energy policy. Toshikazu Okuya, director for the Energy Supply and Demand Policy Office at METI will present the Fourth Strategic Energy Plan of Japan. After his remarks, Mr. Okuya will join Scott Campbell, managing director at Baker Donelson and director of the Howard Baker Forum, which convenes the U.S.-Japan Roundtable; ESI Director Charles Ebinger; Isaac Edwards, senior counsel at the Senate Committee on Energy and Natural Resources; and Adam Sieminski, administrator for the U.S. Energy Information Administration, for a panel discussion on Japan’s energy outlook. Mireya Solis, senior fellow with the Center for East Asia Policy Studies and the Philip Knight chair in Japan studies, will moderate.

House Resource to Address American Energy Jobs – On Thursday, the House Resources Committee’s Subcommittee on Energy and Mineral Resources will hold an oversight hearing on “American energy jobs looking at opportunities for innovation. Witnesses will include Cary Ralston of Alliant Techsystems and Matthew Stepp, director of the Center for Clean Energy Innovation at the Information Technology and Innovation Foundation, among others.

RFF Panel in SF to Discuss Public Attitudes About Climate – Resources for the Future will hold a forum on Thursday at 3:00 p.m. in San Francisco at the Hyatt Regency at Embarcadero Center to discuss a survey of US public attitudes about climate change and clean energy.   Despite the fact that the nation’s leaders continue to debate the existence of global warming, the American public appears to be nearly united on the topic, and has been for quite some time. According to a survey conducted by RFF, Stanford University, and USA Today, 73% of Americans say that the world’s temperature has been going up over the past 100 years.   Survey co-author Jon Krosnick of Stanford will present additional results from the survey and provide an in-depth discussion on what they could mean for climate and clean energy policy in the United States with RFF President and former Congressman Phil Sharp.

FUTURE EVENTS

EIA Head to Keynote International Energy Conference in NYC – Adam Sieminski, administrator of the Energy Information Administration will address the international implications of the U.S. energy renaissance at the 37th annual International Association for Energy Economics conference at the New Yorker Hotel in the big apple on June 16th.  The conference goes through June 18 and also features thought leaders across business, government and academia including representatives from Statoil, National Renewable Energy Labs, IMF, Federal Reserve Bank of Dallas, UC Davis, Baker Hughes, Citi Research, SunEdison and many more. See the Detailed conference schedule here.

Energy to Hold Hydrogen, Fuel Cells Program Merit Review – Next week, the U.S. Department of Energy holds its 2014 Annual Merit Review and Peer Evaluation Meetings (AMR) for the Hydrogen and Fuel Cells Program and the Vehicle Technologies Office at the Marriott Wardman Park

Forum to Look at Renewable NatGas Use – Next Tuesday, June 17th, the Greater Washington Region Clean Cities Coalition and Energy Vision will hold an all-day forum discussing extracting value and vehicle fuel from waste using natural gas.

ELI Forum to Discuss US GHG Efforts, Paris Next Tuesday at Noon, the Environmental Law Institute will hold a discussion that will look at likely greenhouse gas reduction efforts for the United States to propose at the 2015 Paris Climate Summit. The expert panel will identify where the United States is in progress towards our current target and how that target might be adjusted in the lead up to the 2015 Paris negotiations. Our panel will also examine the process by which the EU reached its target and ask whether it might be illustrative for the White House and Congress.  Panelists will include former EPA official Bob Sussman, NAM’s Ross Eisenberg, UN Environment Program’s Hilary French, Ned Helme of the Center for Clean Air Policy and WRI’s David Waskow.

Holmstead, Tierney to Address GHG Rule at BPC Forum – On Wednesday, June 18th at 10:00 a.m., the Bipartisan Policy Center will hold a forum on the new EPA rule on GHGs for existing power plants.  The panel, hosted by our friend and WSJ reporter Amy Harder, will feature my colleague Jeff Holmstead, former Assistant Administrator for Air at EPA, and Sue Tierney, former Assistant Secretary for Policy at DOE.

ACORE to Look at Middle Market Renewables – ACORE will hold a teleconference on Wednesday, June 18th  at Noon to discuss investor plans to take advantage of such rapid growth in the renewable energy middle market growth sector.   The renewable energy market is intensifying in 2014 with much of the project development expected in the $10-$100 million middle market range. Investors recognizing the attractive risk and return profile of renewables in this asset class are increasingly deploying infrastructure capital. The webinar will focus not only on percentage returns but will critically detail the fine print; the terms and conditions these investors tie to their capital for renewable projects. The presentation will include recent equity, tax equity and debt pricing and will further describe how all these types of capital are successfully deployed.

House Resources to Look at American Energy Jobs On Wednesday, June 18th  at 2:00 p.m., the House Resources Committee’s panel on energy will convene an oversight hearing focused on opportunities for states and localities in creating energy jobs.  America’s surge in energy production is fueling an employment boom that’s creating much-needed economic growth in states and local communities. In the past decade, 30 states have experienced a 50 percent surge in jobs indirectly relating to oil and natural gas production and it’s estimated that by 2035 unconventional oil and natural gas production will bring in $2.5 trillion in combined state and federal revenue. For example, revenues from North Dakota’s oil and natural gas production gave the state a $1.6 billion budget surplus in 2012.

SEJ to Host Shale Reporting Seminar – The Society of Environmental Journalists in partnership with Carnegie Mellon will host a shale reporting education seminar at CMU June 22-24th.  The goal of the whole event is to provide a focused group of journalists who cover shale issues with the latest/balanced info. on shale issues.  On Monday, the conference will here from academics, environmental advocates and industrial folks to discuss the many details of the current Shale boom.  The following day they will head out on a rig tour of drilling, production and compressing sites.  See more here.

FERC Commissioners to Address Regional Regulators Conference – The Mid-Atlantic Conference of Regulatory Utilities Commissioners (MACRUC) will hold its 19th  Annual Education Conference on June 22nd through 25th at the Hotel Hershey.  Speakers will include FERC Commissioners John Norris and Phil Moeller, as well as NARUC head Colette Honorable, New Jersey Natural Gas CEO Laurence Downes, Bill Colton of ExxonMobil, Walter Lynch of American Water and Exelon Utilities CEO Denis O’Brien.

Summit to Target Crude By Rail Issues – American Business Conferences will hold a Crude By Rail summit on June 24-25 in Houston to focus specifically on how each stakeholder can cost effectively optimize safety in their operations to restore confidence and promote reliability.  As the only crude by rail event specifically focused on optimizing safety, the Crude By Rail Safety Initiative 2014 host speakers from every key stakeholder group, including regulators, shippers, railroad operators, transloaders and refiners to quantify the cost-impacts of improving the safety of crude by rail operations.  Expert speakers will breakdown railroad strategies for improving safety and shipper strategies for crude testing, classification and transloading, provide a cost-analysis of railcar upgrades, clarify how the emerging regulatory landscape will impact each stakeholder and examine best practice emergency response and hazmat training.

July 4th Holiday

NARUC Summer Meetings Set – The National Association of Regulatory Utility Commissioners’ Summer Committee Meetings, one of three conferences NARUC holds each year, will take place at the Omni Dallas Hotel in Dallas, Texas, from July 13-16. The meeting will feature discussions on the top regulatory challenges across all utility sectors—water, electricity, natural gas, and telecommunications. Panels will tackle the latest developments on the Environmental Protection Agency’s landmark greenhouse gas-emissions proposals, Liquefied Natural Gas exports, Internet neutrality and the transition from traditional telephone service to IP-based networks.  Featured speakers include Federal Energy Regulatory Commission Acting Chair Cheryl LaFleur, FERC Commissioner Tony Clark, Federal Communications Commission Member Mignon Clyburn, Environmental Protection Agency Acting Assistant Administrator for the Office of Air and Radiation Janet McCabe, Pipeline and Hazardous Materials Safety Administration Administrator Cynthia Quarterman, Duke Energy President, CEO Lynn Good, Luminant CEO Mark McFarland, and many more.