Another exciting Kentucky Derby on Saturday. As I said, with Lookin At Lee and Battle of Midway sloshing through the mess to Place and Show respectively, the payouts were HUGE on the $2 exacta ($336.20), trifecta ($8,297.20) and superfecta ($76,974.50). I was hopeful at the top of the stretch as Always Dreaming led and both McCraken and Irish War Cry were positioned to pressure, but both ran into a wall of mud-packed horses and faded – along with my chances for winning anything. It was an impressive, clean run for Always Dreaming as he went to the front from the 5 hole and barely had a speck of mud on him or John Velazquez. Now horse vans and TV trucks head to Baltimore for the Preakness on May 20th at Pimlico. And you know who else is headed to Baltimore this week: Metallica to launch its WorldWired Tour on Wednesday at M&T Bank Stadium. We are headed to Wellesley to pick up Hannah – first year complete – so we will catch them up in Detroit in July.
While everyone is focused on the health care legislation and what the Senate will do, in the energy space we are focused on the Paris Climate agreement – especially with technical talks restarting today in Bonn. The Wall Street Journal has a Kevin Cramer op-ed today looking at whether the US should stay in the Paris agreement. Tomorrow, there is expected to be another meeting between First-Daughter Ivanka and EPA head Scott Pruitt and maybe a decision, but maybe not.
Businesses are out in force with a number of letters urging support for staying in Paris and 19 companies including Apple, Facebook, Google, Johnson Controls and National Grid are running full-page ad in The New York Times, Wall Street Journal and others this week urging the Trump administration to stay in as well. Meanwhile, CEI has coordinated a letter from 40 free-market and conservative groups urging President Trump to follow through on his campaign vow to withdraw from Paris. Obviously, we are following closely and will be happy to discuss. Finally, among the many pieces that have been written, David Roberts has a good explainer in Vox that clearly highlights the recognition that the agreement is voluntary that relies on the power of transparency and peer pressure. Speaking of Vox, congrats to our friend Brad Plumer who is moving to the New York Times.
It is also getting close to the deadline for the Methane CRA which has been another interesting battle. No vote scheduled yet, but we’ll see what happens. On the Hills, Senate Energy takes hydro and other energy legislation Wednesday while Senate Environment gets into state views of the Endangered Species Act.
Finally, today and tomorrow, the EE Global energy efficiency summit – hosted by the Alliance to Save Energy – is being held at the Washington Convention Center in DC. This afternoon, BCSE’s Lisa Jacobson headlines a panel on energy efficiency technologies and their impact on businesses and manufacturers. Then, tomorrow at lunch, there will be a great panel on whether the changes to the Montreal Protocol to phase down HFCs will have a significant impact on energy efficiency.
Call with questions…
“We switched on more megawatts in the first quarter than in the first three quarters of last year combined. Each new modern wind turbine supports 44 years of full-time employment over its lifespan, so the turbines we installed in just these three months represent nearly 40,000 job years for American workers.”
Tom Kiernan, CEO of AWEA, in releasing the U.S. Wind Industry First Quarter 2017 Market Report.
IN THE NEWS
American Wind Power Reports Best First Quarter Since 2009 – America’s wind power workforce installed 908 utility-scale turbines in the first quarter of 2017, totaling 2,000 megawatts (MW) of capacity. This is the wind industry’s strongest start in eight years, according to a new report released last week by the American Wind Energy Association (AWEA). The early burst of activity reflects how 500 factories in America’s wind power supply chain and over 100,000 wind workers are putting stable, multi-year federal policy to work. The industry is now in year 3 of a 5-year phase-down of the Production Tax Credit, and Navigant Consulting recently forecast a strong 2017 for wind power, similar to 2015 and 2016. New wind turbine installations in the first quarter spanned the U.S. from Rhode Island and North Carolina to Oregon and Hawaii. Great Plains states Texas (724 MW), and Kansas (481 MW), led the pack.
Sasse CoS Named to Refiners Govt Affairs Head – The American Fuel & Petrochemical Manufacturers (AFPM) announced that Derrick Morgan will join the organization as senior vice president, federal and regulatory affairs. In this role, he will oversee the government relations, regulatory affairs, and petrochemical departments. Morgan comes to AFPM from the office of Senator Ben Sasse, where he served as chief of staff. He previously held several positions at the Heritage Foundation including vice president for the Institute of Economic Freedom and Opportunity, where he managed a research division, and as the chief of staff to the organization’s President and Chief Executive Officer, Ed Feulner. During the Presidency of George W. Bush, he served on Vice President Dick Cheney’s senior staff in several capacities, including assistant to the vice president, special counsel, and staff secretary. Additionally, he also served as a policy analyst and counsel to the U.S. Republican Policy Committee under Senator John Thune, providing analysis to all Republican senators on energy, environment, labor, and agriculture bills, amendments, and policy.
Platts Looks at OPEC Agreement – Platts Capitol Crude this week is joined by its London-based OPEC team to discuss the historic supply cut agreements as its expiration nears. The deal had no noticeable impact on prices, so was it a failure? Is an extension a guarantee? What impact is it having on US shale growth? Eklavya Gupte, Paul Hickin and Herman Wang answer these questions and more on today’s podcast. Our friends at SAFE can also help by calling Leslie Hayward at 202-461-2361.
ON THE SCHEDULE THIS WEEK
UN Climate Talks – Bonn, Germany today Through Friday.
Technologies, Policy Topics Headline EE Global Summit – The EE Global energy efficiency summit is being held today and tomorrow at the Walter Washington Convention Center in DC. EE Global is hosted by the Alliance to Save Energy – a coalition of business, government, environmental, and consumer leaders. As my friend Mark Drajem Points out, there will be a great panel tomorrow at lunch which look s at whether the changes to the Montreal Protocol to phase down HFCs will have a significant impact on energy efficiency. Our friend David Calabrese of Daikin is on the panel. Also, BCSE’s Lisa Jacobson headlines a panel on energy efficiency technologies and their impact on businesses and manufacturers. Other speakers include DOE’s EERE Deputy Kathleen Hogan, Southern’s Bruce Edelston, ASE’s Kateri Callahan, former Duke CEO Jim Rogers, former Navy Asst Sect and ACORE head Dennis McGinn, GM’s Dan Turton, and Senate Energy Staffer Franz Wuerfmannsdobler. See the full agenda HERE.
Forum to Look Saudi Aramco – The Atlantic Council’s Global Energy Center will hold a forum tomorrow at 1:00 p.m. for a discussion on the outlook for the Saudi Aramco IPO, its potential impact on financial markets, implications for oil markets, and possible responses from producers. The event features a conversation with Phillip Cornel and Jean-Francois Seznec of the Atlantic Council, as well as Ayham Kamel of the Eurasia Group. Our friend Amy Harder will moderate.
Senate Environment to Look at ESA – The Senate Environment Committee will hold a hearing Wednesday at 10:00 a.m. to hear state views on the need to modernize the Endangered Species Act. Witnesses include Nick Wiley, executive director of the Florida Fish and Wildlife Conservation Commission and president of the Association of Fish and Wildlife Agencies; Larry Voyles, director of the Arizona Game and Fish Department; and Janet Coit, director of the Rhode Island Department of Environmental Management.
Senate Energy Takes up Hydro, Other Energy Bills – The Senate Committee on Energy and Natural Resources’ Subcommittee on Water and Power is holding a legislative hearing Wednesday at 2:30 p.m. to hear testimony on hydropower and other energy legislation.
Webinar Set to Discuss Whole Power Markets – Power Markets Today will host a webinar on Wednesday at 2:00 p.m. looking at state policies and federal wholesale markets working together. The event will provide a balanced view of the biggest debate in electricity markets from Exelon Senior Vice President of Competitive Market Policy Kathleen Barrón, former FERC Commissioner Tony Clark, Dynegy Vice President of Regulatory Affairs Dean Ellis and ISO New England Vice President of Market Development Mark Karl.
POSTPONED – CSIS to Host EU Climate/Energy Head – The CSIS Energy and National Security Program has postponed an event featuring Miguel Arias Cañete, European Commissioner for Climate Action and Energy, scheduled for Thursday at 11:00 a.m. for a discussion on the main opportunities and challenges for energy and climate change policy facing Europe in the coming decade. The European Union (EU) remains one of the largest producers and consumers of energy in the world and thus a central voice in the global discourse on climate change. Climate action continues to be a fundamental piece of the EU’s policy agenda, which over the last few years has consistently championed ambitious greenhouse gas emissions targets via renewables, energy efficiency, and sustainable development.
Forum to Address Deep Decarbonization – On Thursday at 3:00 p.m., the Environmental Law Institute
will hold a forum on deep decarbonization. This seminar will present the results of two recent studies of pathways to long-term deep decarbonization for the United States, and the legal framework they operate within. The United States Mid-Century Strategy for Deep Decarbonization report was released in November 2016 by the Obama Administration, and From Risk to Return: Investing in a Clean Energy Economy, was released in December 2016 by the Risky Business Project. The Mid-Century Strategy report was submitted to UNFCCC as part of the follow-up to the Paris climate agreement. From Risk to Return is the latest report by the project co-chaired by Michael Bloomberg, Hank Paulson, and Tom Steyer. Both studies explore pathways to 80% reductions in GHG emissions by 2050. Panelists will include Michael Burger of the Sabin Center for Climate Change Law, as well as WRI’s Karl Hausker and Noah Kaufman.
Energy Forum Set for Infrastructure Discussion – The George Mason Energy Symposium will be held on Friday focused on Energy Infrastructure at its Johnson Center in Fairfax, VA. The forum will highlight cross-disciplinary collaborations on energy science, research, policy and education across Mason Campuses and with regional government academic and private sector partners. The symposium will showcase and give awards to posters as well as feature key discussion panels.
Forum Looks at Infrastructure Report – The Environmental and Energy Study Institute (EESI) and the National Association of State Energy Officials (NASEO) will hold a briefing on Friday at noon in 2261 Rayburn looking at America’s infrastructure needs and the business case for investing in long-term reliability and sustainability. In this briefing, infrastructure experts will help answer these and other questions and discuss the value of building for resilience. Every four years, ASCE releases an Infrastructure Report Card assessing the state of the nation’s infrastructure in 16 major categories and assigning a letter grade to each one and to America’s infrastructure as a whole. In the recently released 2017 report, the overall grade is a D+, just barely above failing. Transit infrastructure came out particularly poorly in ASCE’s report, with a grade of D-, the lowest of any category. Eleven categories-more than two thirds-got a D rating: Aviation, Dams, Drinking Water, Energy, Hazardous Waste, Inland Waterways, Levees, Roads, Schools, Transit, and Waste Water. Four categories eked out a C (Bridges, Ports, Public Parks, and Solid Waste), and just one, Rail, earned a B. No category was awarded an A. The speakers for this forum are Tom Smith of the American Society of Civil Engineers (ASCE), John Stanton of the Institute for Sustainable Infrastructure and expert Mariana Silva.
Air Liquide to Headline Fuel Cell Forum – The Fuel Cell & Hydrogen Energy Policy Forum 2017 is set for Friday at noon in the 217 Congressional Visitors Center. Industry representatives will provide updates on the latest fuel cell and hydrogen advancements. Discussion will cover fuel cell electric vehicles, hydrogen fueling, power generation and materials handling equipment. The Forum will feature a range of industry representatives as they provide updates on the latest fuel cell and hydrogen energy advancements. There will be speakers from Air Liquide, FuelCell Energy, Plug Power and Toyota.
IN THE FUTURE
BPC Forum Looks at Power Sector – Next Monday at 10:30 a.m., the Bipartisan Policy Center holds a discussion on how digitization can improve the efficiency and performance of the power sector across the entire value chain, from electricity production to transmission and distribution. Experts will discuss the benefits of digitization, as well as the policy challenged it faces. Speakers will include GE Power’s Steve Bolze, Exelon’s Chris Crane, NYPA’s Gil Quiniones and BPC President Jason Grumet.
Forum to Look at Energy Emergency Preparedness in States – Next Monday in 334 Cannon at 12:30 p.m., the Environmental and Energy Study Institute (EESI) and the National Association of State Energy Officials (NASEO) will hold a briefing about the key role played by the 56 governor-designated State and Territory Energy Officials, other state agencies, the private sector, and DOE. In this briefing, NASEO and state energy directors will discuss the concept of energy assurance-as well as key mitigation actions-and how State Energy Offices partner with state and local agencies and the private sector to rebuild after a natural disaster, prepare for future emergencies, and improve resiliency with energy efficiency and renewable energy. The speakers for this forum are NASEO head David Terry, Oklahoma Secretary of Energy and Environment Kylah McNabb and Kelley Smith Burk of the Florida Department of Agriculture and Consumer Services.
WAPA to Host Jeep Presentation – On May 16th at Osteria Morini (near Nationials Park), the Washington Automotive Press Association will host Jeep® for the introduction of its latest and highly anticipated compact-SUV: the all-new 2017 Jeep Compass. Compass expands the Jeep brand’s global vehicle lineup as it will be built in four countries for consumers around the world. As the most capable compact-SUV ever, the all-new 2017 Jeep Compass features legendary Jeep 4×4 capability, a sophisticated design that evokes the premium side of the Jeep family, outstanding on-road dynamics, fuel-efficient powertrains, and a host of advanced safety and technology features.
Hopper, Others Headline Solar Summit in AZ – Greentech Media hosts its 10th annual Solar Summit 2017 on May 17th and 18th in Scottsdale, AZ. Our friend Abby Hopper of SEIA will be among the speakers.
Powelson to Address NatGas Roundtable – The Natural Gas Roundtable will host Pennsylvania PUC Commissioner Robert F. Powelson next Tuesday at noon as the guest speaker at its next luncheon. Powelson has served as the Commissioner of the Pennsylvania Public Utility Commission since 2008. During his tenure as Chairman from 2010-2014, he helped transform the Commission into one of the most dynamic regulatory agencies in the nation.
Forum to Feature JP Morgan Chase, TNC – The Harvard Business School Club of Washington, D.C. will host a panel discussion next Tuesday at 6:30 p.m. to explore the current state of investment in fields such as energy, environment, and resource efficiency. Additionally, the speakers will discuss what financial, technical, and policy innovations are needed in order to continue to grow investment in the clean and resilient economy of the future. The panel will feature The Nature Conservancy President & CEO Mark Tercek, JPMorgan Chase Global Head of Sustainable Finance Matt Arnold and Hannon Armstrong President & CEO Jeff Eckel. This event will kick-off an ongoing series of programs and roundtables on sustainability-oriented business opportunities and initiatives.
Faison, Murkowski Featured in ACCF Forum – The American Council on Council Formation will hold a forum on May 17th at the Newseum on energy policy in the 115th Congress. Senate Energy Chair Lisa Murkowski, ClearPath’s Jay Faison and Alaska coop exec Meera Kohler will discuss energy strategies aimed at innovation and production, rather than regulation. The panel will be moderated by POLITICO Deputy Energy Editor Nick Juliano.
CSIS to Host Book Talk by SEJer Lisa Palmer – On Thursday, May 18th at 4:00 p.m., the Center for Strategic & International Studies will host a book forum for our SEJ friend Lisa Palmer as she continues the launch of her new book, Hot, Hungry Planet. Palmer shares what she has learned from her research and reporting. She focuses on three key concepts that support food security and resilience in a changing world: social, educational, and agricultural advances; land use and technical actions by farmers; and policy nudges that have the greatest potential for reducing adverse environmental impacts of agriculture while providing more food. Palmer will be joined by experts on global food security for a panel discussion and will take questions from the audience.
Energy Economist to Hear From Schlumberger Exec – On Friday, May 19th at 12:00 p.m., the National Capital Chapter of the US Assn of Energy Economists will host a forum on shale and tight oil with Schlumberger exec Robert Kleinberg. The geography of the earth has changed radically over its history. Some of those changes are responsible for the accumulations of oil and gas we find today. Using the principles of organic geochemistry, Robert will show how the collision of continents hundreds of millions of years ago created the great Devonian and Mississippian shale plays: Marcellus, Fayetteville, Woodford, and Barnett.
WINDPOWER Set for Anaheim – The American Wind Energy Association (AWEA), the national trade association that represents the interests of America’s wind energy industry, will hold its annual WINDPOWER 2017 Forum in Anaheim on May 22nd to 25th. Cali Senate President Kevin de León, the California Senate’s most powerful member and legislative champion of the state’s hallmark 50% renewable energy standard law passed in 2015, will provide a keynote address at 10:00 a.m. on Tuesday morning, directly preceding AWEA’s Industry Leaders Panel – the marquee General Session panel at WINDPOWER. The discussion will feature Tristan Grimbert, President and CEO of EDF Renewable Energy and incoming Board Chair of AWEA; Pete McCabe, Vice President, Onshore Wind, GE Renewable Energy; Karen Lane, CFO, Siemens Gamesa Renewable Energy, Onshore Americas; and Greg Wolf, CEO of Leeward Renewable Energy. This year’s panel will cover implementation of wind energy into the 2020s, opportunities in tax reform, emerging political issues, and more.
Grid Infrastructure Event Set – WIRES in conjunction with the House Grid Innovation Caucus, the National Electrical Manufacturers Association (NEMA), the GridWise Alliance, and EESI will host a WIRES University seminar on Thursday May 25th that explores an oft-neglected the high voltage electric transmission grid. This whole-day session explains the grid’s importance as an enabler of markets and new technology as the economy becomes more thoroughly electrified. Our grid must also adapt to a distributed energy future which calls for a smarter and more flexible network. This session delves into the details of why modernizing our high-voltage grid infrastructure is more critical than ever, given the age of the nation’s transmission facilities, the fundamental changes occurring in electric generation, and the demands on the system. Expansion and upgrade of the grid will make it more resilient and deliver increased economic, environmental, and consumer benefits in the range of $50 billion annually. Speakers, including leaders from Congress, regulatory agencies, industry, and think tanks, will examine what challenges need to be overcome to upgrade our transmission system. Policymakers and regulators play a critical role in our nation’s energy infrastructure, and there is much room for improved coordination and planning. A full agenda is forthcoming. Panels will address grid modernization, transmission’s role as a strategic asset and an enabler, regulatory and financial challenges, and the role that the wired network plays in the distributed energy environment, clean energy, and in tech innovation environments.
Security Experts to Address Methanol Policy Forum – The Methanol Institute will hold its Methanol Policy Forum on June 13th at the National Press Club. The Forum will include a special luncheon discussion: Energy Security through Fuel Choice, which features a conversation with the U.S. Energy Security Council experts like former National Security Advisor Robert C. McFarlane, former CIA Director James Woolsey, former President of Shell Oil Company John Hofmeister, former White House Counsel and Ambassador to the EU C. Boyden Gray and former Louisiana Senator and Senate Energy Bennett Johnston. Our friend Joe Cannon and other will speak on panels as well.
Congressional Renewable Expo Set – The 20th annual Congressional Renewable Energy and Energy Efficiency EXPO and Policy Forum will be held on Tuesday, July 11th from at 9:30 a.m. to 4:30 p.m. In Rayburn.