{"id":4274,"date":"2016-09-02T09:23:14","date_gmt":"2016-09-02T15:23:14","guid":{"rendered":"http:\/\/valleywatch.net\/?p=4274"},"modified":"2016-09-02T09:23:14","modified_gmt":"2016-09-02T15:23:14","slug":"largest-u-s-power-grid-says-it-can-meet-obamas-climate-mandate","status":"publish","type":"post","link":"http:\/\/valleywatch.net\/?p=4274","title":{"rendered":"Largest U.S. Power Grid Says It Can Meet Obama\u2019s Climate Mandate"},"content":{"rendered":"<p><strong>September 2, 2016 &#8211; by Jonathan Crawford in\u00a0<\/strong><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-09-01\/largest-u-s-power-grid-says-it-can-meet-obama-s-climate-mandate\"><span style=\"color: #000000;\"><b>Bloomberg.com<\/b><\/span><\/a><\/p>\n<div data-view-uid=\"1|0_3_1_4\">\n<ul class=\"article-abstract\">\n<li class=\"article-abstract__item\">\n<div class=\"article-abstract__item-text\">Cost hikes from carbon cuts will be less than 3 percent<\/div>\n<\/li>\n<li class=\"article-abstract__item\">\n<div class=\"article-abstract__item-text\">Plan aims to cut emissions 32 percent by 2030 from 2005 levels<\/div>\n<p><div id=\"attachment_4275\" style=\"width: 611px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/valleywatch.net\/wp-content\/uploads\/2016\/09\/DSC0809.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-4275\" class=\"wp-image-4275 \" src=\"http:\/\/valleywatch.net\/wp-content\/uploads\/2016\/09\/DSC0809-1024x683.jpg\" alt=\"_DSC0809\" width=\"601\" height=\"401\" srcset=\"http:\/\/valleywatch.net\/wp-content\/uploads\/2016\/09\/DSC0809-1024x683.jpg 1024w, http:\/\/valleywatch.net\/wp-content\/uploads\/2016\/09\/DSC0809-300x200.jpg 300w, http:\/\/valleywatch.net\/wp-content\/uploads\/2016\/09\/DSC0809-768x513.jpg 768w\" sizes=\"auto, (max-width: 601px) 100vw, 601px\" \/><\/a><p id=\"caption-attachment-4275\" class=\"wp-caption-text\">PJM says it will be able to comply with the Clean Power Plan with minimum impact on electricity prices. \u00a9 2014 BlairPhotoEVV<\/p><\/div><\/li>\n<\/ul>\n<\/div>\n<div data-view-uid=\"1|0_3_1_5\">\n<section class=\"article-body\" data-tracker-label=\"body\">The operator of the largest U.S. power market said it can meet the Obama administration\u2019s sweeping goals to tackle climate change while\u00a0limiting the impact on power prices to a less than 3 percent rise.<\/p>\n<p class=\"article-body__content\">Power suppliers in the market,\u00a0which covers parts of the U.S. mid-Atlantic and Midwest, can meet emission reduction targets for less than $2 a megawatt-hour, or 1 to 3 percent of average wholesale electricity costs, PJM Interconnection LLC, said in a\u00a0<a title=\"report\" href=\"http:\/\/www.pjm.com\/~\/media\/documents\/reports\/20160901-cpp-compliance-assessment.ashx\" target=\"_blank\" data-tracker-action=\"click\" data-tracker-category=\"nav\" data-tracker-label=\"inline_link.01\">report<\/a>\u00a0Thursday. Even with the added expense, the system will continue to attract new generators to satisfy the region\u2019s growing power needs, the report found.<\/p>\n<p>Suppliers across the U.S. are seeking ways to comply with President Barack Obama\u2019s Clean Power Plan, which is designed to cut carbon dioxide emissions from generators 32 percent by 2030 from 2005 levels. The report challenged claims from opponents who say the environmental mandates will drive a wave of power plant retirements, risking blackouts and price spikes for consumers.<\/p>\n<div data-view-uid=\"1|0_3_1_10\"><\/div>\n<p>Under all of the plans that have been proposed to reach emissions targets, adequate power supplies \u201cwere maintained throughout the PJM footprint,\u201d Muhsin Abdurrahman, a senior market strategist at PJM, said in a briefing Thursday.<\/p>\n<p>Lower natural gas prices would\u00a0drive the retirement of higher-polluting coal-fired power plants and reduce the cost of meeting the mandates, according to the report. A regional approach would also drive down expenses as opposed to individual states pursuing their own plans.<\/p>\n<p>The study also found that the existing fleet of nuclear reactors can become economic as states look to maintain carbon-free generation to meet the targets.<\/p>\n<p>While the Supreme Court has suspended Obama\u2019s Clean Power Plan pending a legal review, a number of states are still working toward reaching the goals it sets out.<\/p>\n<div data-view-uid=\"1|0_3_1_11\"><\/div>\n<div class=\"terminal-tout\" data-tracker-events=\"click\" data-tracker-category=\"Tout\" data-tracker-label=\"terminal\"><span class=\"terminal-tout__text\">Before it&#8217;s here, it&#8217;s on the Bloomberg Terminal.<\/span>\u00a0<a class=\"terminal-tout__link\" href=\"http:\/\/bloom.bg\/dg-ws-core-bcom-a1\" data-tracker-action=\"click\" data-tracker-label=\"inline_link.02\" data-tracker-category=\"nav\">LEARN MORE<\/a><\/div>\n<\/section>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>September 2, 2016 &#8211; by Jonathan Crawford in\u00a0Bloomberg.com Cost hikes from carbon cuts will be less than 3 percent Plan aims to cut emissions 32 percent by 2030 from 2005 levels The operator of the largest U.S. power market said &hellip; <a href=\"http:\/\/valleywatch.net\/?p=4274\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4274","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/posts\/4274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/valleywatch.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4274"}],"version-history":[{"count":1,"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/posts\/4274\/revisions"}],"predecessor-version":[{"id":4276,"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/posts\/4274\/revisions\/4276"}],"wp:attachment":[{"href":"http:\/\/valleywatch.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/valleywatch.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4274"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/valleywatch.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}