Articles by Sean Casten

A plead for utility leadership on climate change

What I want most for 2008 is serious action on climate change -- not just in terms of policy, but in terms of action. Mathematically, this mandates serious and constructive engagement from the electric sector, which has thus far been not only absent, but hostile to any serious discussion of GHG reduction.

Given their relevance (42% of US GHG emissions) and tremendous inefficiency, they are a source of much of my personal quixotic quest. But ultimately, they must engage -- and so far, they have not even come close. So in case we have any utility executives in the Gristiverse, here is the speech I'd like to hear from one of you in 2008:

Coal utilities weigh in on the carbon policy

Something old, something new, something borrowed ...

For years, utilities have blurred the line between their interests and those of their customers (which are, under the rules of cost-plus rate-making, precisely opposed). Typically, this argument is used to frame rate cases in the form of, "if we can't raise rates on customer X, we'll be forced to raise rates on customer Y. Let us tell you how tragic that would be from customer Y's perspective, to cloud the fact that we're asking to increase rates on customer X."

I'm oversimplifying, but only just. Ameren is now applying this old idea to carbon policy, saying that the problem isn't what carbon policy will do to their shareholders (perish the thought!), but what it will do to their customers. Article from Restructuring Today ($ub req'd) below the fold:

FutureGen on at 5:00 p.m. Central, tonight

Fox News is doing a special report on the FutureGen project and -- rather remarkably -- couldn't find anyone to argue that $6500/kW coal-fired power coupled to a hydrogen plant is a dumb idea.

Then along came Grist, and this crazy blogger who thinks FutureGen is dopey. The interview was last Friday; they're running the coverage tonight, in advance of tomorrow's decision on whether Illinois or Texas will "win." (Nice plug for Grist here, eh? Apparently, nowhere else in the world can you find someone who won't sing the praises of this particular boondoggle.)

Now to see whether I look as smart as I think I am after editing ...

UPDATE: Watch the segment here.

GAO says the electric sector’s got a big subsidy to match

The GAO has reported on subsidies to our electric sector, proving what Grist readers already (sadly) know, namely that subsidies to the dirty folks vastly exceed existing or proposed subsidies to cleaner generation.

The most remarkable thing is that the biggest subsidies, like nuclear liability guarantees and lower debt costs through rate payer guarantees, aren't even included in the list (although, to the GAO's credit, it does acknowledge their existence).

So who's packing the biggest, er, subsidy?