Insights from our Editorial Team
Critics of electricity deregulation are drawing a corollary between the banking crisis and power companies, noting that big business simply can't be trusted until it is tightly controlled. Utilities should not take their distrust personally. The same applies to Big Oil, with a strong emphasis being put on how the BP oil spill could have prevented if the government had just done its job. Advocates of deregulation say that such a premise could not be further from the truth.
The cyclical nature of economies means that at some point a sustained recovery will occur. And when it does, policymakers must bargain in good faith and create a durable energy policy in which utility planners can bank. The capital markets will then loosen, allowing bankers, bondholders and investors to finance projects and bring the generation and transmission systems up-to-date.
Mountaintop Mining Gets Heated
The coal industry is the target of a lot of debris. While most of it is being tossed by environmental organizations, the rubble is now coming from the investment banking industry - those that finance the operations of coal mining companies. Banks are deciding what kinds of industrial operations they will finance and just how a big a role the coal sector will play in their plans.
Pricing Carbon Risks
The move by some big banks to limit their exposure to coal companies in the surface mining realm is just the latest. Earlier, some of them adopted the "Carbon Principles," which causes them to examine the affect that coal operations have on the environment.
The economic pall doesn't seem to dissipate. But it will. Experts are saying that once conditions improve, utilities and other related businesses will start expanding operations and hiring more people.
A Potent Pair Sparks Revolution
Coverage of the Gridwise Global Forum in Washington this week, featuring a report on a panel on Integrating Wireless Solutions, moderated by Martin Rosenberg.
Stimulus Funds, Campaign Cash, Coal and NuclearSep 23, 2010 |
With EnergyBiz Insider dropping in your inbox every week day, we've both been busy. And to be honest, it's been an adjustment both in terms of juggling schedules and learning the logistics. Acclimating to it all is still a task, as we are still growing.
With that, though, I'm honored to tell you that our column is named a finalist for "Best Online Column" by Media Industry News. Others in the category: Sports Illustrated, CNN and Entertainment Weekly.
As for stories that have recently appeared in our line up, we are getting lots of responses. I would suggest short, immediate thoughts go in the comment box provided at the end of the story. There, continuing dialogues can occur. The longer ones that either challenge or agree with those I've written can be sent to email@example.com.
Your views on everything from the stimulus plan to coal to nuclear to campaign cash are part of this segment, although the responses to yesterday's nuclear stories are not included here.
The 1970s marked the start of the first energy crisis. The new century broke the dawn of a new era - one that is focused on reducing emissions and becoming energy independent. France read the tea leaves in the 1970s. Now, the rest of the world is weighing its options.
France is leading the nuclear revolution right now. But it may also headline the nuclear fusion movement -- a process that produces 10 times the amount of energy as the typical chemical reaction.
With national climate initiatives in neutral, the states are now advancing the cause. The western, Midwestern and northeastern regions are taking the lead. While the movement in those areas is relatively modest, it could still pave the way for the federal government to follow suit if they prove successful.