Oct232017BlogAuthor: Todd FoleyOctober 23, 2017A few weeks ago, Secretary of Energy Rick Perry proposed that the Federal Energy Regulatory Commission (FERC) intervene in the nation’s electricity markets to establish new rules that would have electricity consumers subsidize uneconomical coal and nuclear power plants and pay more for power in their electricity bills. In response, today ACORE submitted comments to FERC emphasizing the important negative impacts of the proposal on renewable energy finance and on corporate sector energy use, two important areas of our work. We also published a new issue brief for our members that includes a set of recommendations which we believe would better promote electric power system reliability, resilience and affordability. To download this latest ACORE issue brief, click here. ACORE is also a signatory to two other sets of complementing comments developed with others in the renewable energy sector and broader energy industry, including the American Petroleum Institute (API) and several natural gas industry associations. Advanced, Renewable and Storage Energy Industry Associations Comments on the DOE NOPR Energy Industry Associations Comments on the DOE NOPR As for the next steps in the FERC process, reply comments are due to FERC by Nov. 7. Given that the Secretary of Energy released the notice of proposed rulemaking and directed FERC to “consider and take final action” on the Notice of Proposed Rulemaking within 60 days of the Oct. 10 publication in the Federal Register, we would expect some kind of final FERC action by Dec. 10. Category: BlogOctober 23, 2017 Share this TweetShare on Twitter Share on LinkedInShare on LinkedIn Share on FacebookShare on Facebook Author: Todd Foley Todd Foley leads the strategic integration of policy development, research, external communications and interaction with Federal and state government and regulatory officials. He has over 25 years experience in Federal and state policy, renewable energy market design, business development and sales. Prior to joining ACORE, he directed global and US policy, communications and business development and profile sales for BP Solar. Prior to moving into BP’s renewables business, he directed US environmental, government and regulatory affairs for BP America. He also served in several US government positions, including the White House, US Senate, US EPA and OSHA. He has served on the Board of Directors of the Solar Energy Industries Association (SEIA), the Solar Alliance, Solar Electric Power Association (SEPA) and the Texas Renewable Energy Industries Associations (TREIA). He received his B.S. from Boston College and law degree from the Washington College of Law at American University. Related PostsCelebrating One Year of Progress: The Inflation Reduction Act’s Impact on Renewable Energy and the American EconomyAugust 14, 2023Renewables Keep the Lights on in TexasJuly 25, 2023Unprecedented Opportunity for Renewable Investment on Display at 2023 ACORE Finance ForumJune 29, 2023Expectations for Renewable Energy Finance: The Post-IRA LandscapeJune 21, 2023Federal Government: It’s Time for More Regional and Interregional TransmissionApril 6, 2023Setting the Record Straight on Renewable Energy MythsMarch 30, 2023
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Unprecedented Opportunity for Renewable Investment on Display at 2023 ACORE Finance ForumJune 29, 2023
