POV: Power Breakfast

Power Breakfast for May 17, 2016

Preparing for a threat to the nation's power grid; DOE summit to preserve the country's nuclear reactors; Report shows a dramatic shift in Texas' energy mix


POV: Power Breakfast

A nearly daily update of energy-related news:

  • To counter the threat of attacks to the nation’s power grid, the power industry and U.S. government are considering implementing intentional blackouts across the country. Other measures in consideration include stockpiling rare transmission equipment, utilizing the latest cyberdefenses and coordinating responses between sectors. Marcus Sachs, NERC’s senior vice president and chief security officer, says “Industry continues to take the prospect of a cyber or physical attack on the bulk power system seriously.”
  • The DOE is sponsoring a summit on May 19 aimed at preserving the country’s nuclear reactors. Key industry representatives and legislators will meet to discuss the issues facing at-risk nuclear power plants and the potential consequences that could result from early plant retirements. NEI Senior Director of Business Policy, Matt Crozat, says, “Preserving existing nuclear power plants is imperative to any credible plan to reduce carbon emissions and necessary to preserve jobs in their host communities.”
  • According to a report by the Brattle Group, Texans could soon utilize natural gas, wind and solar energy for their power and shift away from power sourced from coal. The study provides an analysis of what the state’s energy mix could be if natural gas prices remain relatively low and the cost of solar energy continues to decline. In this scenario, the 2035 ERCOT grid would consist of 65 percent natural gas (up from 48 percent 2015), 12 percent wind energy (12 percent in 2015), 9 percent nuclear energy (down from 11 percent in 2015), 7 percent solar energy (~1 percent in 2015) and 6 percent coal (down from 28 percent in 2015). “I think we can learn some things from a study like this,” said Michael Nasi, general counsel for the group Balanced Energy For Texas, which includes several coal interests. “Please believe in the market because this study seems to tell you that you should not fear the market.”
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