In Memory of Michael Novak: Business Prophet

Posted by William Hederman, Senior Fellow

Michael Novak died on February 17, 2017.  He had one of the most original minds I have ever encountered.  For much of his career, he was a theologian at the American Enterprise Institute (AEI) examining the interdependence of religion and economics in America.  Lunch with him in AEI’s dining room was always a treat. ...


Does Trump Help or Hurt Philly’s Struggling Neighborhood Refinery?

Posted by Christina Simeone

I’ve been following the economic health of Philly’s neighborhood refinery, Philadelphia Energy Solutions (PES), for some time.  In a June 2016 blog, I covered PES’ abandoned plans to go public due to lack of interest from “The Street”. In a November 9, 2016 post, I highlighted PES’ employee layoffs, information...


The City’s Low-Income Efficiency Puzzle

Posted by Christina Simeone

Sadly, when it comes to energy efficiency, helping those who need it most can be challenging and costly. Compared to average households, low-income households spend a larger portion of their income on energy expenditures.  Low-income households also pay more for energy per square foot than average households because...


Can FERC Work?

Posted by William Hederman, Senior Fellow

With, perhaps, the possible exception of the interchange between Governor (now Secretary) Perry and Senator Franken during Perry’s confirmation hearing, the most noteworthy development in the energy policy arena so far this year has been leadership change at the Federal Energy Regulatory Commission (FERC). This...


Utilities Face Wall Street Whiplash from Interest Rates, Trump

Posted by Christina Simeone

As low natural gas prices drive down competitive market-based revenues to power generation owners, many vertically integrated (i.e. companies that own generation, transmission, and distribution assets) electricity companies have chosen to sell their generation assets and move towards a purely regulated transmission...


President Trump Releases Policy Plans

Posted by Christina Simeone

As President Donald J. Trump completed his inauguration ceremony, the White House website launched the incoming administration’s new online content. Part of the new content includes details on policy priorities for the Trump Administration.  Here is a run-down of what was released under the website’s “issues” section...


A New Era of Energy Jobs

Posted by Mollie Simon

Energy jobs are powering our homes, our businesses, and our economic growth. Data released this week from the Department of Energy shows that from 2015 to 2016, the energy sector saw employment rise about 5%, adding over 300,000 jobs and accounting for 14% of the nation’s total job growth.  All while U.S. CO2...


The Utility Cyber Attack that Wasn’t, for Now

Posted by Christina Simeone

As 2016 came to a close, the Washington Post reported on December 31 that malware programming code from a Russian hacking operation (called Grizzly Steppe) had penetrated the U.S. electricity grid through a Vermont Utility company. Thankfully, that wasn’t the case. Later, the Washington Post heavily edited the article...


Update on Energy Threats and Responses in Cyber War

Posted by Christina Simeone

Back in June, I wrote a short blog about cyberattacks on the energy sector. The blog emphasized spear phishing and ransomware as contemporary cyber espionage concerns for energy companies, with disruption of critical energy infrastructure as a real, but lower probability threat. Threats and responses to protect...


Change is Money in Climate Change

Posted by Yann Manibog, Guest Contributor

In 2015, the private sector funded only $25B in project-level equity of the $391B in global climate finance. The balance either flowed through government budgets and the multilaterals that use these funds, or balance sheet financing, which tends to support the lowest risk investments. This pales in comparison to the $...


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