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December 24, 2024

Regional Greenhouse Gas Initiative (RGGI)

Overheard at New England Energy Summit
The New England Energy Summit kicked off the second of three virtual sessions with Sen. Sheldon Whitehouse touting carbon pricing.
Wide Support for FERC Carbon Pricing Statement
FERC’s proposed policy statement on carbon pricing won wide support, although some expressed doubt that it will spur adoption.
NARUC Panel Debates Clean Energy and Markets
Present and former regulators told NARUC they are skeptical that carbon pricing and capacity markets would achieve decarbonization.
Dykes Calls out ISO-NE, FERC on Carbon Pricing
Connecticut DEEP Commissioner Katie Dykes took aim at both ISO-NE and FERC in a panel discussion on carbon pricing during a Consumer Liaison Group meeting.
Pa. House Passes Bill Limiting RGGI Entry
The Pennsylvania House of Representatives voted to pass a bill limiting the state’s entry into the Regional Greenhouse Gas Initiative.
GOP Continues Opposition to Pa. RGGI Plans
Pennsylvania Republican senators said that Gov. Tom Wolf’s plan to join RGGI will accelerate the closure of the state’s coal-fired generating plants.
Stakeholders Urge PJM Action on Carbon Pricing
Stakeholders encouraged PJM to take a more active role in facilitating carbon pricing as more states look to join the Regional Greenhouse Gas Initiative.
PJM Monitor Defends FRR Analyses in MOPR Debate
PJM’s Monitor defended a conclusion that ratepayers are likely to see cost increases in jurisdictions that exit the capacity market and adopt the FRR option.
FERC: RGGI, Voluntary RECs Exempt from MOPR
FERC clarified voluntary renewable energy credits and participation in RGGI will not subject capacity resources to PJM’s expanded minimum offer price rule.
Beaver Valley Nuclear Plant to Stay Open
The owners of the Beaver Valley nuclear plant have told PJM they will keep the plant in operation, citing Pennsylvania’s efforts to join RGGI.

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