The world is growing more decentralized, in large part due to the transformative power of the internet.
On November 8, 2017, Rhode Island energy agencies submitted to Governor Raimondo a report which outlined recommendations for transforming the state’s electrical grid and utility business models. The report, “Rhode Island Power Sector Transformation,” is the latest development in a proceeding initiated by Governor Raimondo in April in which she challenged the state’s energy agencies to consider three broad questions related to the future of the state’s electric grid:
The 2017 Atlantic hurricane season officially began July 1. By then, three named systems had already become storms, foreshadowing what became one of the most active and destructive storm seasons ever. Subsequently, five named storms and one tropical depression formed by July 31, but the associated damage by then was minimal, attracting little notice. However, by season’s end:
Formed in 1977 in response to the 1973 oil crisis, the Federal Energy Regulatory Commission (FERC) oversees the transmission and wholesale sale of electricity and natural gas and regulates the transportation of oil by pipeline in interstate commerce. FERC also reviews proposals to build interstate natural gas pipelines, natural gas storage projects, and liquefied natural gas (LNG) terminals, in addition to licensing non-federal hydropower projects. As of November 15, 2017, FERC is at full capacity with five commissioners. The U.S. Senate has approved the final two commissioners which will help with the backlog of permit decisions and in reviewing the plan offered by Rick Perry, the Secretary of the Department of Energy (DOE), for evaluating aging coal and nuclear plants.
On September 28, the Department of Energy (DOE) issued a Notice of Proposed Rulemaking (NOPR) proposing the Federal Energy Regulatory Commission (FERC) direct competitive power markets (RTOs and ISOs) to update their rules to “accurately price” what the proposal describes as “fuel-secure” generation.
The value of candidate reference checks is hotly debated within talent acquisition organizations as a step in the selection and hiring process. Advocates of reference checking claim invaluable benefits; they are able to verify a candidate’s experience and gain clarity on an individual’s performance. Naysayers insist the process is too labor intensive and minimal insights are gleaned from the referring companies. While opinions differ greatly between industries and companies, an option you may consider is subscribing to an automated reference checking tool.
While most industry professionals agree that effective inventory optimization is a major goal, not everyone agrees on the best way to achieve it—and it can be especially challenging to ensure the “five rights” are accomplished consistently—right materials, right quantity, right location, right time, and right cost.
To coincide with the release of the latest Energy Industry Update, ScottMadden joined forces with Energy Central to present an interactive webinar, “ScottMadden’s Energy Industry Update – Generation to Generation: An Energy Evolution.” During this session, our industry experts shared their views and fielded questions related to bid-based wholesale power markets, the future of utility-scale solar, and grid investment.
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