Off to my sister-in-law’s graduate school graduation from Stanford; have a great weekend! LK … More Outta Here

This morning the Environmental Protection Agency released its report on new source review (NSR). NSR is a feature of Title 1 of the Clean Air Act, under which new power plants or refineries would have to meet more stringent abatement technology standards. Under interpretations of the Clean Air Act (that may have gotten stricter over … More The Epa Announces New Source Review Recommendations … More The Epa Announces New Source Review Recommendations

California politicians, and others who want a clear, black-and-white, well-controlled, orderly world for electricity markets, are not going to like this. Federal Energy Regulatory Commission Pat Wood pointed out today that some wash trades might be legitimate. Electricity generators operate with pretty stringent delivery commitments because of the nature of electricity — it can’t be … More Don’t Let Complex Reality Interfere With What I Want … More Don’t Let Complex Reality Interfere With What I Want