FERC, NERC combine on outage inquiry
Federal Energy Regulatory Commission FERC Chairman Jon Wellinghoff and Gerry Cauley, President and Chief Executive Officer of the North American Electric Reliability Corporation NERC, announced that they are combining the efforts of their separate inquiries into the causes of the electric outages and natural gas delivery disruptions that occurred in the Southwest, during an unusual cold spell in early February of this year.
FERC and NERC have been sharing information but conducting separate inquiries into the matter. FERC and NERC staffs will issue a joint report on findings and recommendations and present them to the Commission and to the NERC Board of Trustees.
The Federal Power Act of 2005 gives FERC authority to oversee the reliability of the nationÂ’s bulk electric system. FERC has designated NERC as the organization that develops and enforces mandatory reliability standards.
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IEA: Electricity investment surpasses oil and gas for the first time
LONDON - Investments in electricity surpassed those in oil and gas for the first time ever in 2016 on a spending splurge on renewable energy and power grids as the fall in crude prices led to deep cuts, the International Energy Agency (IEA) said.
Total energy investment fell for the second straight year by 12 per cent to US$1.7 trillion compared with 2015, the IEA said. Oil and gas investments plunged 26 per cent to US$650 billion, down by over a quarter in 2016, and electricity generation slipped 5 per cent.
"This decline (in energy investment) is attributed to two…
