WHAT’S HAPPENING TODAY:
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WHAT → happen → ?
Much of the state of Virginia was experiencing peak fall foliage at the end of last week.
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Much → experience → week
If you weren’t able to check out any of the golden, red, and amber leaves, don’t stress!
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you → check → leaves
Peak color in and around D.C. is expected to hit closer to next weekend.
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color → expect → weekend
Congress will be back in session one week from today, and one of the first issues lawmakers will be addressing is permitting reform.
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lawmakers → address → reform
Today’s edition of Daily on Energy dives into some of the latest modeling on how the Senate’s bipartisan legislation will affect the U.S. energy system and who else is opposing the bill.
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who → dive → bill
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you → send → you
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we → sign → list
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CONGRESS IS BACK NEXT WEEK, SO WHAT’S THE LATEST ON PERMITTING?
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LATEST → ’ → PERMITTING
In just one week, the Senate is expected to hold a preliminary vote on the bipartisan permitting reform bill, commonly known as BAAJA.
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Senate → expect → BAAJA
Environmental and climate organizations are lobbying Democrats to vote against the legislation, while clean energy groups and manufacturing industry groups are pushing members to vote ‘yes.’
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groups → lobby → members
The Rhodium Group released a new analysis this morning with the aim of modeling the bill’s effects on the energy system, particularly via provisions that would reduce barriers to building transmission infrastructure and protect ratepayers from shouldering the costs of the buildout of artificial intelligence.
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that → release → intelligence
The review excludes other provisions regarding permit certainty, geothermal, and advanced transmission technologies.
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review → exclude → certainty
Specifically, the research group found that the legislation as written would increase the construction of interregional transmission infrastructure to nearly three times the rate over the last decade.
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legislation → find → decade
It also estimated that it would drive up to an additional 249 gigawatts worth of clean energy resources to be built through 2040.
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it → estimate → 2040
The Rhodium Group said it would also increase liquefied natural gas export levels by 8-15%, beyond the 76-145% increase already expected under current policies.
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it → say → policies
Still, the group forecast that BAAJA would lead a reduction in economy-wide greenhouse gas emissions by up to 148 million metric tons annually in 2040, and as much as 1.5 gigatons cumulatively.
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BAAJA → forecast → 2040
You can read the full analysis here.
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You → read → analysis
How much data centers could pay:
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centers → pay → much
Separately, consulting group Grid Strategies released a white paper this morning estimating how much data centers could be forced to pay for connecting to the grid if BAAJA is passed.
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BAAJA → release → grid
If you forgot, the legislation as written would force large-load facilities such as data centers to pay for the energy and transmission infrastructure needed for their operations, and would mandate that no incremental costs are passed on to other customers.
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costs → forgot → customers
It also would order utilities to ensure that transmission costs are fully assigned to these large-load operators to “minimize or avoid cost burden on other customers.”
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costs → order → customers
Under these provisions, Grid Strategies estimated BAAJA would result in $55 billion in transmission service charges to data centers over 10 years.
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BAAJA → estimate → years
The group said this represents an additional $35 billion over what data centers would otherwise pay to connect to the grid under current policies.
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centers → say → policies
Biden alum split grows:
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split → grow → ?
As we explored a bit last week, there is a growing divide among former staffers of the Biden administration regarding support for the bill.
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we → explore → bill
There are several individuals who worked on climate issues under the last administration who have endorsed the bill – see Jane Flegal – and many others adamantly opposed.
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others → be → Flegal
Tracy Stone-Manning, director of the Bureau of Land Management under the Biden administration, joined the latter group today.
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Manning → join → group
Stone-Manning currently serves as the president of The Wilderness Society, which released a statement of opposition this morning.
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which → serve → opposition
The statement says the bill puts millions of acres of public lands and national monuments at risk of fossil fuel and data center development.
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bill → say → development
“A clean energy future is possible and necessary, but not at the expense of our country’s conservation heritage, the clean water our public lands deliver and the loss of cherished sacred sites and cultural histories,” Stone-Manning said.
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Manning → deliver → sites
OIL PRICES PLUNGE:
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PRICES → plunge → ?
Domestic and international oil prices plummeted today on the news a draft proposal for a peace deal between Washington and Tehran had been circulated after days of talks between Iran and Qatar.
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proposal → plummet → Iran
An official briefed on the peace talks told Reuters that Iranian negotiators left Qatar on Sunday, and confirmed the draft proposal was being circulated.
Over the weekend, Axios also reported that President Donald Trump told Israeli Prime Minister Benjamin Netanyahu that he wished for negotiations to play out before striking Iran following the midterm elections.
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negotiations → brief → elections
The willingness to make a deal pushed domestic and international benchmarks for oil down today by more than 7%.
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willingness → make → %
Just after 2:30 p.m., Brent crude had fallen 7.79% and was selling at $104.59 a barrel.
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crude → fall → 104.59
West Texas Intermediate also dropped 7.67% and was priced at $96.13 a barrel.
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Intermediate → drop → 96.13
U.S. PUSHES TO RESTORE RUSSIAN GAS SALES TO EUROPE:
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U.S. → push → EUROPE
The Trump administration is pushing to restore Russian natural gas sales to Europe via pipelines running through Ukraine.
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administration → push → Ukraine
The Wall Street Journal reported today that the idea is part of negotiations to secure an energy ceasefire ahead of the winter, citing U.S., European, and Ukrainian officials.
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idea → report → officials
…and 35 more, not listed.
The Aporia
