What one can see in the Obama and Biden EPA’s rules and regulations was/is one of two things.
1. They knew that implementing these rules would help to bankrupt and destroy the US economy and they set out to do just that.
2. They were a bunch of dewy eyed dreamers that didn’t care and were not thinking of the consequences of this regulatory overreach.
The third possibility is a combination of both 1 and 2.
Now add in the greed factor, the big Private Equiry and 5 big banks would stand to make a fortune, it would be a new exit ramp from their current highway to Hell, and the grift would continue.
It is staring to make sense that the bankers and wall steeet casino owners would be very negative toward the Trump administration, since the common sense of saving the higher grid costs, would lead them logically lead to less money for them to make. It is far easier to say the Hell with the rate payers and grid reliability, they have more money to make because they have not made enough already. Thus the push back from the financial sector. Note to self, the investor owned regulated utilities were equally in the catbird seat, as it is for them a win in either outcome, stragulation by regulation or more new build out costs to add to the system for which they will attempt to be paid more for doing less.
Man, EBB’s this just astounding information and data. The MISO majority ought ask Minnesota, Michigan and Illinois to take on the fully avoided costs of their green decisions and not pass them through to the rest of MISO to pay for, so those three (3) states can feel better about themselves while everyone suffers in the cold and dark. We face a similar dilemma here in the New England states. Perhaps NEISO and for that matter NYISO can take a look at your work on MISO and skip the offshore wind drinking binge that they have set the bar and barstools up for a Hell of a Hooley.
Great work again EBB’s and thank you for dumbing it down so it is easy to digest. As nauseating as it is to eat, it’s worth the cod liver oil punishment if we avoid the disaster these clowns were attempting to perpetuate on the American public.
It is surprising to see that some people assigned a modest value to the reforms, I would expect cascading benefits in all areas touched by the cost of power and held back by the waste in the wind and solar system.
"All of the critical indicators of economic and personal wellbeing are hostages to the cost of electricity" that is written in the Australia where the cost of power is about 4x yours.
Nuclear power is illegal here so we wont have it for a decade or three, still the content is practically made out of coal, uranium and iron ore so we will be OK when we burn more coal.
My bet is that the future of grid power lies in advanced geothermal. The first such operational commercial plant will come on line in Germany this year (Eavor dotcom). Others are close on their heels (Fervo Energy, others).
Geothermal is limitless (from a human perspective - ok only for the next 5 billion years until our star gobbles up the planet) energy, reliable, and now thanks to advances from the fossil fuel industry in drilling on the cusp of being competitive price-wise. Like all new tech, it will come down in price with experience, ultimately dethroning natural gas as the cheapest solution.
Why do we have to accept the carbon free mandates of Illinois, Michigan and Minnesota? Seems like the rest of us in MISO are suffering for their bad policy.
There is some concerning momentum for shutdown of coal plants: there will need to be serious and substantial investment in putting back resources and systems in plants that have been drawing down for many years. While there might be some job regrowth associated with rebuilding, the savings will be long-term, and will slow the rate of return.
I have said from the day they were implemented, the EPA Powerplant Greenhouse Gas rules were the lichpin to what direction power generation would take, how much it would cost, and if we would have rolling blackouts. We are certainly not out of the woods with reliability, and energy prices look to rise no matter what. But we are in a far better place than we were, fingers crossed 🤞.
George no offense intended, but I found a bit of humor in your comment. I spent the majority of my career in Redding California. While I was on the Redding Electric Utility system I can probably count the outages on one hand over 26 years. One three day outage during a snowstorm, but then I was at work trying to get people’s power on so ….. Six months before I retired I sold my home and moved out of the City limits onto the PG&E system. During the last three months I experienced around 70 hours of power outages between PG&E PSPS shutoffs, and line trips. I had to buy a portable generator to keep the food cool and the water hot. 70 hours on a 10kW generator is a lot of gasoline. So California power is solid …. sure it is.
The truth is if you live in the City, your power is probably pretty solid, if you live out in the suburbs or in a rural area, not so much. This true anywhere in the country.
What this conversation is about is having enough generation capacity to supply the load during high load events, like heat waves and winter storms. If there is not enough generation, then you have to turn people off in what is called rotating outages to protect the system. There have been a number of reports, both from NERC (North American Electric Reliability Corporation) and from FERC expressing concerns that certain regions in the country are already short on capacity and trending the wrong way. I will post links if you want them.
Very informative piece emphasizing the need challenge all assumptions in energy analysis.
Our utility has thankfully reversed course on the 100% carbon free objective pivoting back to a balanced generation framework. I'm curious if the savings of this change are ever publicized. There is work to defer new PPA's (solar + battery) and address a steep increase in our Power Supply Adjustor....potentially enabled by extended coal operations.
One example of less than fully transparency is the gas conversion of a few per utility coal plants. Both utilities have publicized very reasonable gas conversion costs, much higher than our internal estimates. What the average customer will not know is that these costs exclude the cost of the lengthy gas lateral to the plant sites and the potential write-downs of coal assets (with un-recovered book value). Taking these costs into account, I wonder if the economic impact would significantly change.
Note to 90% of Americans who go about their lives thinking the good ole government has their backs… let the following from this article be a sobering reminder:
👇 from the article 👇
Building this extra capacity to reliably meet electricity demand for every hour of the modeled years would cost MISO ratepayers an additional $867.9 billion, compared to the current grid. The costs incurred in the Avoiding Biden Blackouts scenario can be considered the true cost of the Biden administration’s final rules.
👆from the article 👆
Just remember this is only Midcontinent Independent System Operator (MISO) - Operates in 15 states in the Midwest and South, including parts of Arkansas, Illinois, Indiana, Iowa, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, North Dakota, South Dakota, Texas, and Wisconsin.
There are 6 other core grid operators, that affect all of us.
Unless we have a federal law that protects us with economically viable AND clean power, 90% of us will have pay more for electricity and ensure blackouts and brownouts while saying thank you sir almighty government may we have more…
What one can see in the Obama and Biden EPA’s rules and regulations was/is one of two things.
1. They knew that implementing these rules would help to bankrupt and destroy the US economy and they set out to do just that.
2. They were a bunch of dewy eyed dreamers that didn’t care and were not thinking of the consequences of this regulatory overreach.
The third possibility is a combination of both 1 and 2.
Now add in the greed factor, the big Private Equiry and 5 big banks would stand to make a fortune, it would be a new exit ramp from their current highway to Hell, and the grift would continue.
It is staring to make sense that the bankers and wall steeet casino owners would be very negative toward the Trump administration, since the common sense of saving the higher grid costs, would lead them logically lead to less money for them to make. It is far easier to say the Hell with the rate payers and grid reliability, they have more money to make because they have not made enough already. Thus the push back from the financial sector. Note to self, the investor owned regulated utilities were equally in the catbird seat, as it is for them a win in either outcome, stragulation by regulation or more new build out costs to add to the system for which they will attempt to be paid more for doing less.
Man, EBB’s this just astounding information and data. The MISO majority ought ask Minnesota, Michigan and Illinois to take on the fully avoided costs of their green decisions and not pass them through to the rest of MISO to pay for, so those three (3) states can feel better about themselves while everyone suffers in the cold and dark. We face a similar dilemma here in the New England states. Perhaps NEISO and for that matter NYISO can take a look at your work on MISO and skip the offshore wind drinking binge that they have set the bar and barstools up for a Hell of a Hooley.
Great work again EBB’s and thank you for dumbing it down so it is easy to digest. As nauseating as it is to eat, it’s worth the cod liver oil punishment if we avoid the disaster these clowns were attempting to perpetuate on the American public.
What are these costly emissions? I thought modern facilities scrub the nasties and we are left with steam and plant food.
That’s the focus of a future article but you’re on the right track
It is surprising to see that some people assigned a modest value to the reforms, I would expect cascading benefits in all areas touched by the cost of power and held back by the waste in the wind and solar system.
"All of the critical indicators of economic and personal wellbeing are hostages to the cost of electricity" that is written in the Australia where the cost of power is about 4x yours.
Nuclear power is illegal here so we wont have it for a decade or three, still the content is practically made out of coal, uranium and iron ore so we will be OK when we burn more coal.
https://rafechampion.substack.com/p/burn-coal-in-australia-or-die-in
My bet is that the future of grid power lies in advanced geothermal. The first such operational commercial plant will come on line in Germany this year (Eavor dotcom). Others are close on their heels (Fervo Energy, others).
Geothermal is limitless (from a human perspective - ok only for the next 5 billion years until our star gobbles up the planet) energy, reliable, and now thanks to advances from the fossil fuel industry in drilling on the cusp of being competitive price-wise. Like all new tech, it will come down in price with experience, ultimately dethroning natural gas as the cheapest solution.
Why do we have to accept the carbon free mandates of Illinois, Michigan and Minnesota? Seems like the rest of us in MISO are suffering for their bad policy.
Yes that’s true. They should have to pay for their own stupid policies.
Hero's work. Many kudos, boys.
Thank you for this. There is a typo - 4041.1 should be 404.1 above your final cost of Biden Rules chart.
Thank you!
There is some concerning momentum for shutdown of coal plants: there will need to be serious and substantial investment in putting back resources and systems in plants that have been drawing down for many years. While there might be some job regrowth associated with rebuilding, the savings will be long-term, and will slow the rate of return.
Excellent work. Thank you.
Now, what would it take to get your results in front of the eyes of the voters in Illinois, Michigan, and Minnesota?
Excellent!
more badabing
https://www.youtube.com/watch?v=Pcz76c0Msbg
I have said from the day they were implemented, the EPA Powerplant Greenhouse Gas rules were the lichpin to what direction power generation would take, how much it would cost, and if we would have rolling blackouts. We are certainly not out of the woods with reliability, and energy prices look to rise no matter what. But we are in a far better place than we were, fingers crossed 🤞.
George no offense intended, but I found a bit of humor in your comment. I spent the majority of my career in Redding California. While I was on the Redding Electric Utility system I can probably count the outages on one hand over 26 years. One three day outage during a snowstorm, but then I was at work trying to get people’s power on so ….. Six months before I retired I sold my home and moved out of the City limits onto the PG&E system. During the last three months I experienced around 70 hours of power outages between PG&E PSPS shutoffs, and line trips. I had to buy a portable generator to keep the food cool and the water hot. 70 hours on a 10kW generator is a lot of gasoline. So California power is solid …. sure it is.
The truth is if you live in the City, your power is probably pretty solid, if you live out in the suburbs or in a rural area, not so much. This true anywhere in the country.
What this conversation is about is having enough generation capacity to supply the load during high load events, like heat waves and winter storms. If there is not enough generation, then you have to turn people off in what is called rotating outages to protect the system. There have been a number of reports, both from NERC (North American Electric Reliability Corporation) and from FERC expressing concerns that certain regions in the country are already short on capacity and trending the wrong way. I will post links if you want them.
Very informative piece emphasizing the need challenge all assumptions in energy analysis.
Our utility has thankfully reversed course on the 100% carbon free objective pivoting back to a balanced generation framework. I'm curious if the savings of this change are ever publicized. There is work to defer new PPA's (solar + battery) and address a steep increase in our Power Supply Adjustor....potentially enabled by extended coal operations.
One example of less than fully transparency is the gas conversion of a few per utility coal plants. Both utilities have publicized very reasonable gas conversion costs, much higher than our internal estimates. What the average customer will not know is that these costs exclude the cost of the lengthy gas lateral to the plant sites and the potential write-downs of coal assets (with un-recovered book value). Taking these costs into account, I wonder if the economic impact would significantly change.
More nuclear and gas. Jeez.
Good job.
Whats the solution? Before midterm elections passing ARC Energy Security Act federally 🗽🇺🇸🗽, https://empoweringamerica.org/energysecurityarc/
Note to 90% of Americans who go about their lives thinking the good ole government has their backs… let the following from this article be a sobering reminder:
👇 from the article 👇
Building this extra capacity to reliably meet electricity demand for every hour of the modeled years would cost MISO ratepayers an additional $867.9 billion, compared to the current grid. The costs incurred in the Avoiding Biden Blackouts scenario can be considered the true cost of the Biden administration’s final rules.
👆from the article 👆
Just remember this is only Midcontinent Independent System Operator (MISO) - Operates in 15 states in the Midwest and South, including parts of Arkansas, Illinois, Indiana, Iowa, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, North Dakota, South Dakota, Texas, and Wisconsin.
There are 6 other core grid operators, that affect all of us.
Unless we have a federal law that protects us with economically viable AND clean power, 90% of us will have pay more for electricity and ensure blackouts and brownouts while saying thank you sir almighty government may we have more…
Keep your receipts and get 10% back When You Save Big Money 💰 in plant credit only, but nonetheless still a magnificent piece of work guys. Thank you!
Just say no to wins abd solar and democrats.