Statement by Gregory Wetstone, President and CEO, American Council on Renewable Energy (ACORE)
Washington, D.C. – “We are pleased that in today’s final action the Federal Energy Regulatory Commission (FERC) declined to move forward with the Department of Energy’s proposed subsidy for coal and nuclear power, embarking instead on a new process seeking more information from grid operators about whether there really is a problem with grid “resilience,” and if so what should be done about it. We believe FERC has laid out a sensible approach to gathering the vital information needed to support any changes to electricity markets, and we are confident that, in the end, the record still will not support market intervention.
One thing we do know for sure: whenever America’s power grid has come across real world resilience issues, renewable energy played an essential role in supporting grid reliability, ramping up, for example, to provide more power in the 2014 Polar Vortex event when coal piles froze. At ACORE, we will continue our work to ensure that the reality of renewable resilience is considered in any future FERC rulemaking discussions.”
The American Council on Renewable Energy (ACORE) is a national non-profit organization leading the transition to a renewable energy economy. With hundreds of member companies from across the spectrum of renewable energy technologies, consumers and investors, ACORE is uniquely positioned to promote the policies and financial structures essential to growth in the renewable energy sector. Our annual forums in Washington, D.C., New York and San Francisco set the industry standard in providing important venues for key leaders to meet, discuss recent developments, and hear the latest from senior government officials and seasoned experts. For more information, visit the ACORE website and follow @ACORE on Twitter.
Vice President of Communications
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