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Canada plans hydropower push as Biden looks to clean up U.S. grid


EnergyCanada plans hydropower push as Biden looks to clean up U.S. grid
Nia WilliamsAllison Lampert
5 minute read
High voltage electrical power transmission lines are photographed at night in Toronto, February 9, 2007. REUTERS/J.P. Moczulski (CANADA)/File Photo
Canada sees an opportunity in U.S. President Joe Biden s push to achieve a carbon-free electrical grid by 2035: hydropower exports.
With Canadian crude exports taking a hit from Biden s decision to scrap the Keystone XL oil pipeline, Ottawa is increasingly focused on sales of clean energy.
Around 60% of the 4 trillion kilowatt-hours of electricity consumed in the United States in 2019 came from fossil fuels, government data show. Biden s push to convert that to clean energy gives Canada, the world s third-largest producer of hydropower, a window to sell more hydro exports to its southern neighbour. ....

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FERC's Clements: 'Grave threat' of climate change will 'underlie my approach as a commissioner'


Dive Brief:
Federal Energy Regulatory Commissioner Allison Clements made clear during her first meeting on the commission that climate change will play a role in her decision making.
Though FERC s obligation to ensure just and reasonable rates and avoid unfair discrimination has not changed, the factors influencing consideration of these legal standards in each instance have become significantly more numerous and complex over the past few decades, she said during Thursday s open meeting. These factors also include the grave threat of climate change, said Clements. The Democratic appointee was confirmed to FERC earlier this month.
Commissioner Richard Glick, a fellow Democratic appointee, has long pushed the commission to take a similar approach to regulation, and Commissioner Neil Chatterjee, a Republican appointee, has also signaled he s willing to look at carbon mitigation where appropriate, including through carbon pricing. ....

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Utilities should be required to disclose their climate-related financial risks


Justin
Gundlach, a senior attorney at the Institute for Policy Integrity at NYU School of Law; Michael Panfil, a senior attorney at the Environmental Defense Fund; and Romany Webb, a senior fellow at the Sabin Center for Climate Change Law at Columbia Law School.
In a move that could blaze a trail to meaningful climate action nationwide, New York’s Public Service Commission, which is responsible for regulating that state’s utilities, is calling on them to disclose the financial risks they face due to climate change. Requiring utilities to develop and present this information would be a potent way to push a critically important sector of the economy to reveal and respond to the consequences of climate change and to save consumers money along the way. ....

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