Sustainable Energy Fund Launches New Program to Acquire $20 million in Environmental Attributes

For Immediate Release:

Sustainable Energy Fund Introduces New Program To Spur Small Scale Renewable Energy Generation Development.

ALLENTOWN, PA. -Sustainable Energy Fund (SEF) today announced its planned acquisition of more than $20 million in environmental attributes to support the development of small scale renewable energy generation resources such as solar, wind or biomass.

“SEF has been monitoring Pennsylvania’s renewable energy credit market and is growing concerned that small generation resources are at a disadvantage in favor of large utility scale projects,” stated Jennifer Hopkins, President, SEF.    “PECO recently issued an RFP for purchase of solar RECs that required a minimum of 300 RECs be produce from a single system. The average residential system produces 4 RECs annually.”    She continued “The economics and motivation are simple. Large utilities like PPL do not generate transmission and distribution revenues from the average homeowner or small business that generated their own electricity behind the meter.”

The Pennsylvania Public Utility Commission recently issued a press release seeking comment on addressing barriers to new solar development in the Commonwealth of Pennsylvania. Renewable Energy Credits are one type of Environmental Attribute often used by Pennsylvania’s electric generation suppliers and electric distribution companies to comply with Pennsylvania’s Alternative Energy Portfolio Standard that requires an annually increasing percentage of electricity generation to come from renewable resources such as wind or solar. SEF’s new program seeks to acquire the rights to these credits as well as other attributes such as carbon credits.

“This new program is very exciting as it utilizes SEF’s unique position as a 501(c)(3) nonprofit, financial expertise and knowledge of renewable energy markets to support the development of residential and small scale commercial renewable generation,” said Jennifer Hopkins. She continued “We are constantly working to develop new programs that support the development of sustainable energy.”

Informational meetings on SEF’s new program dubbed “Green to Green” will be held on January 6, 7 and 8 in Valley Forge, Harrisburg and the Lehigh Valley respectively. To register, please visit www.thesef.com and click incentives and financing.
Hopkins closed by stating, “The acquisition of these environmental attributes by SEF will not eliminate the unfair practices by the utilities but will help residential and small commercial generators realize value from their investment.”

 

About Sustainable Energy Fund

SEF is a private 501(c)(3) nonprofit that was create as the result of a settlement approved by the Pennsylvania Public Utility Commission during electric deregulation proceedings. The organization seeks out, focuses on and invests in economically viable, energy related businesses, projects, and educational initiatives that create innovative, market-based technologies and solutions to enable environmentally sound sustainable energy use in the Commonwealth of Pennsylvania. SEF assists all types of commercial entities to reduce the consumption of energy from non sustainable sources. These reductions are achieved by reducing or removing financial and/or educational barriers that prevent these organizations from generating energy from renewable resources and implementing improvements in efficiency of energy utilization as well as reducing energy consumption through behavioral change.

For more information on Sustainable Energy Fund, visit www.thesef.org

Court records reveal trouble at Turkey Point

From the Miami Herald:

``There are the old gauges . . . where . . . a needle that goes around and around,'' Ware testified, saying they were ``not very reliable.'' When operators looked at the indicators daily, ``they'd be stuck.

``So over the years, they developed the habit of pinging them to get them to move. . . . Well, that's not OK in a nuclear plant because you have to have reliable, you know, verification of where those rods are positioned. . . . That's a lesson from Three Mile Island,'' the worst nuclear disaster in American history.

In the hush-hush nuclear world, such insider details rarely, if ever, become public, but now a lawsuit has made public 2,000 pages of testimony that offer a fascinating window into the experiences, thoughts and frustrations of Turkey Point executives, employees and contract workers that reveal myriad problems.

Read more

“Electric Deregulation: The Great Failed Experiment”

Comments of Eric J. Epstein,
January 6, 2010

 

On August 4, 2000 Governor Tom Ridge announced that electric competition would lead to job growth, economic expansion, and decreased rates. According to Governor Ridge, “Pennsylvania’s national leadership in electric competition continues to bring dramatic savings and economic benefits to Pennsylvanians.” Gov. Ridge added, "And, according to this new report, those savings and benefits will continue for some time to come!”

The Department of Revenue released "Electricity Generation Customer Choice and Competition” (August, 2000), and predicted free market nirvana. Secretary of Revenue, Robert A. Judge Sr., forecast reductions in retail electricity prices would lead to the following economic impacts in Pennsylvania by 2004:

The real gross state product will be $1.9 billion higher; overall employment will increase by 36,400 full-time and part-time jobs, nominal personal income will increase by $1.4 billion; the price index will decrease by .47 percent; and the population will increase by 51,400 people, as workers are attracted to job opportunities in Pennsylvania.

The Department of Revenue also reported that deregulation would result in greater sales tax and Personal Income Tax collections.

Could the deregulators have gotten it more wrong?

The reality is not so dreamy. Electric companies are collecting $11.4 billion in stranded costs, shifted taxes to hostage rate payers, and dumped customers at record rates.

Deregulation shifted power plants back to the local tax rolls under the assumption that utilities would pay at least the same amount had they been subject to real estate taxes.

By 2004 homeowners were paying an average of 30% more in property taxes than they did in 1997. PPL and the other electric utility companies are paying 85% less in taxes on their plants, down from about $120 million annually to about $20 million according to a Philadelphia Inquirer analysis.

Uncollectible accounts were supposed to decrease with the price of electric.

On November 19, 2004 - the last day of a “lame duck session” - the General Assembly passed “The Responsible Utility Customer Protection Act” (SB #677 or Chapter 14) at the behest of the energy industry. This legislation - passed in secrecy and without public comment - became Act 201.

Prior to this legislation, the PA Public Utility Commission prevented most winter time utility shut offs between November through March.

Deregulation’s “Consume Protection Act” has produced a 113% increase in terminations. In the first eight months of 2008, PPL cut electricity to 28,561 customers, which was an 111% increase over the number of customers whose power was shut off during the same period in 2007. The statewide average was 24%.

In 2004, about 70% of customers who received notices saying power could be shut off called the company and tried to arrange an alternate payment schedule according to PPL. Now only 28% of those who receive termination warnings try to arrange other payment plans.

But it got worse for Joe the Plumber.

A study published by Carnegie Mellon University's Electricity Industry Center found, “On average, power users in restructured states pay 2 to 3 cents per kilowatt hour more than customers in states that didn't restructure.” (Electricity Prices and Costs Under Regulation and Restructuring, 2008)

Future shock: The Office of Consumer Advocate, in a letter to Governor Rendell on April 20, 2008, estimated approximate increases in the overall rates of residential customers, comparing rates that were in effect and rates that would be expected to be in effect for each company after the rate caps have expired:

Met Ed -54%

PECO - 8%

Penelec - 50%

Allegheny (West Penn) - 63%

These numbers are staggering and coincide with the deteriorating health of Pennsylvania's shrinking middle class. The promise of deregulation leading to more capacity, more competition and lower prices has turned out to be a profitable illusion for a select few.

Pa. leaders have failed to protect us from worst of electricity deregulation

Patriot-News Op-Ed by David Hughes

December 29, 2009

 

Pennsylvania decision-makers’ poor understanding of the electricity industry led them into a big mistake 13 years ago: Giving up the state’s authority to control electricity-generation prices.

Consumers were promised a competitive retail electricity market that would restrain prices. The warnings that such a market would not develop went unheeded, but they turned out to be correct.

NRC to Meet With Exelon Over Spent Fuel Tech-Specs

 The purpose of this meeting is to discuss the supplement provided by 

Exelon Nuclear on December 18, 2009, regarding a License Amendment 

Request currently under review to revise the Technical Specifications 

related to the Spent Fuel Pool K-infinity value for Peach Bottom Atomic 

Power Station (Agencywide Documents Access and Management System 

Accession No. ML093521435). 

To read the full NRC memo, open pdf: 

 

TMI Operators License Retake Exam Scheduled for April 2010

 To read the NRC memo related to the TMI operators license exam, open pdf: 

 

3 states' nuclear petition rejected

December 22, 2009

By Susan Smallheer

STAFF WRITER   Rutland Herald

BRATTLEBORO – The 2nd Circuit Court of Appeals rejected a petition from three Northeast states that sought to have the issue of the safety of spent fuel pools at nuclear power plants considered in any relicensing review.

Massachusetts, Connecticut and New York had all petitioned the Nuclear Regulatory Commission to change its rules to include their safety concerns about the spent fuel contained in nuclear power plant's reactor buildings in any re-licensing review.

The NRC had rejected the states' petitions, and the matter landed in front of the 2nd Circuit, which is based in New York City.

Radiation Monitoring Stations to be Placed Near TMI

EFMR :Radiation Monitoring Stations

 

Participants Sought for Policy Input

 

 

NUCLEAR REGULATORY COMMISSION SEEKS PARTICIPANTS FOR UPCOMING DISCUSSIONS

ON DRAFT SAFETY CULTURE POLICY

 

The Nuclear Regulatory Commission will host several public workshops next year to gather input on the agency’s draft policy statement on “safety culture,” and the staff wants to hear from individuals interested in participating in the workshops’ roundtable discussions.

To read the NRC memo, open pdf: 

 

 

Report: Spent fuel storage costs may run $225B

 

By BOB AUDETTE  Brattleboro Reformer

BRATTLEBORO -- If no federal repository for spent nuclear fuel is opened in the next 100 years, the nation’s taxpayers could be on the hook to pay for on-site storage, such as the dry casks at Vermont Yankee nuclear power plant in Vernon.

That cost could run anywhere between $10 billion and $26 billion.

 

 

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