One of the things that motivates and inspires me is the impact that access to electricity has on a society. Did you know that 15 percent of the world’s population does not have access to electricity? When I first learned that, I thought, “15 percent, that’s lower than I expected.” But then I realized that 15 percent translates to 1.1 billion people who do not have access to electricity.

Last April, Entergy had to close its Indian Point nuclear plant. That’s despite the plant’s being recognized as one of the best-run U.S. nuclear plants. That’s also despite its 20-year license extension process having been nearly completed, with full support from the Nuclear Regulatory Commission.

This closure was due in large part to opposition by antinuclear environmental groups. These groups also mobilized existing negative public opinion on nuclear energy to get politicians to oppose the plant’s license extension. Another factor is unfair market conditions. Nuclear energy doesn’t get due government support—unlike solar, wind, and hydro—despite delivering clean, zero-emissions energy.

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After decades of relinquishing its value and return on investment as “emission-free” electricity generation, segments of the nuclear industry are pursuing actions in several states to secure emission credits for avoiding greenhouse gas emissions. To harmonize electricity market stability and greenhouse gas emission reduction goals, states such as New York and New Jersey have enacted programs to award zero emission credits (ZECs) to nuclear plants for their emission-free output.

Dearly earned and too long forgone, air emission credits have been the economic birthright of the nuclear industry since the passage of the 1990 Clean Air Act (CAA) amendments, when emission control capability first became a tradable commodity. Yet it took until 2016 for ratepayers and shareholders to receive even a small fraction of this valuable return on investment.

NYISO released its 2021 power trends report for the state of New York. As noted by many in the energy community prior to the closure of Indian Point nuclear power plant's Unit 2 and Unit 3 in 2020 and 2021, respectively, the projected mix of resource capacity expected for downstate New York's energy generation will be heavily reliant on fossil fuels.

Schmitt

Twelve states are suing the Biden administration over the president’s January 20 executive order on climate change. The suit was filed in U.S. District Court on March 8 by Missouri attorney general Eric Schmitt, who was joined in the action by his counterparts in Arizona, Arkansas, Indiana, Kansas, Montana, Nebraska, Ohio, Oklahoma, South Carolina, Tennessee, and Utah.

The reason: The suit objects to a provision in the order that revitalizes the social cost of carbon (SCC) metric—a tool used by regulators to weigh the cost to society, in dollars, of emitting one ton of carbon dioxide into the atmosphere. The SCC—which takes into account such things as human health, agricultural productivity, property damage from increasingly severe storms, and the value of ecosystem services—had faded into insignificance under President Trump.