Global Energy News Roundup: October 19


The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every Thursday and is available on Twitter via  @forumonenergy

US-Japan Roundtable Hosts Members Meeting to Discuss the 2018 Midterm Elections

On October 18, the US-Japan Roundtable hosted a meeting where Bill McInturff, partner and co-founder of Public Opinion Strategies, a national political and public affairs survey research firm, delivered a prognosis of the 2018 midterm elections. Mr. McInturff shared his thoughts and observations of why he believes the democrats will gain the majority in the House of Representatives while republicans will maintain control of the Senate. Please email Alison Ashburn at alison.ashburn@howardbakerforum.org for a copy of the slide deck used during the presentation.

Courts Issue Decisions in Favor of Nuclear Power Plants

Low natural gas prices and subsidies for renewables have created an energy market where nuclear has a tough time competing. However, in September two federal courts of appeals upheld state laws in Illinois and New York that “aimed at subsidizing those states’ under-performing and at-risk nuclear power plants.” These two federal courts of appeals have now created a “roadmap” for keeping aging nuclear power plants from retiring. In Illinois, the state legislature passed the Future Energy Jobs Act, which “directed the Illinois Power Agency to create a subsidy program requiring generators that use coal or natural gas to buy zero-emissions credits (ZECs) from nuclear power plants connected to the regional grid.” The Act immediately saw pushback and a lawsuit was filed by a group of generation facilities and consumers to challenge the law. The Seventh Circuit Court of Appeals issued a decision in favor of the Future Energy Jobs Act. A New York Appeals court issued a very similar decision in favor of nuclear power plants, giving a “lifeline to the entire nuclear power industry.”

Source: Forbes

China and Belgium Sign Framework Agreement For Peaceful Use of Nuclear Energy

China and Belgium have signed a framework agreement on cooperation for the peaceful use of nuclear energy. China’s Ministry of Foreign Affairs issued a statement about the agreement which stated that the Chinese Premier Li Keqiang said “the two countries could boost cooperation in technology and innovation and expand nuclear cooperation on the basis of abiding by international laws and meeting international obligations” and that “the two countries can deepen practical cooperation in infrastructure development and the digital economy while actively exploring third-party market cooperation.”

Source: World Nuclear News