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Vice President, US Retail Regulatory Strategy
National Grid, US
With the exception of EPA rulemaking and stimulus, federal energy policy has been at a virtual standstill since EISA 2007. That makes state legislatures and regulators the focal point for new ideas. California, with its aggressive efficiency and renewable targets, has continued to be a key market for addressing the financial and operational costs of configuring a new energy system. In a previous life, I remember an industry colleague’s advice on drafting energy legislation; “create principles regulators can tweak rather than inflexible legislative fiat”. This expression comes to mind as a litmus test for California’s new landmark energy legislation; Assembly… [more]
View InsightCalifornia, New York, and Washington will require that large insurance companies, including some of the best auto insurance companies, operating within those states disclose how they respond, and plan to respond, to the risks posed by climate change. [New York Times] The U.S. in 2011 experienced a record number of natural disasters, and the costs of recovery – much of which will be borne by the insurance industry – are expected to exceed $50 billion. [New York Times] “We want to make sure that the financial soundness and stability of the insurance companies are not jeopardized by inadequate preparation for… [more]
View InsightA federal judge has ruled to block California’s Low Carbon Fuel Standard, arguing that it “unconstitutionally discriminates against out-of-state producers and tries to regulate activities that take place entirely outside state boundaries.” The standard “impermissibly treads into the province and powers of our federal government, reaches beyond its boundaries to regulate activity wholly outside of its borders,” the judge said. [The New York Times] The standard would function by using life-cycle analysis to identify the CO2 intensity of fuels. Fuel-makers whose products have lower CO2 intensity would be rewarded with tradable credits. Those selling higher CO2 fuels would have to… [more]
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