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POLITICO New York Energy, presented by Nuclear Matters: Upstate town disconnects from grid, progressive caucus energy standards

By David Giambusso and Scott Waldman

Good morning! Only POLITICO New York Pro subscribers receive an enhanced version of this email at 5:30 a.m. each weekday. If you'd like to receive it, along with a customized real-time news feed of New York energy policy news throughout the day, please contact us at newyork@politicopro.com and we'll set you up for trial access. Thank you for reading.

RURAL UPSTATE TOWN TO DISCONNECT FROM GRID—POLITICO New York’s Scott Waldman: A rural town outside of Albany plans to disconnect from the electrical grid, both to increase its reliance on renewables and to gain some energy independence. http://politi.co/1Nrmgcp

PROGRESSIVE CAUCUS PUSHES ENERGY STANDARDS — POLITICO New York’s David Giambusso: The City Council Progressive Caucus is endorsing two clean energy policies ahead of today's double hearing on Mayor Bill de Blasio's OneNYC plan, according to a statement that will be released by the group today. http://politi.co/1jXs2d8

STATE EXTENDS CLEAN ENERGY DEADLINE—POLITICO New York’s Scott Waldman: The state Public Service Commission is extending the life of a major clean energy programs for another two months so the Cuomo administration can continue to tweak them. http://politi.co/1OqhHPn

FINGER LAKES PLANT WINS STATE GRANT—POLITICO New York’s Scott Waldman: A Finger Lakes power plant that the federal Environmental Protection Agency claimed was not properly permitted by the state was given $2 million in the regional economic development awards on Thursday. http://politi.co/1lZqpwZ

** A Message from Nuclear Matters: Providing more than 61 percent of New York’s carbon-free electricity, nuclear energy plants play a vital role in achieving our clean-energy and carbon-reduction goals. New York’s nuclear energy fleet supports about 18,000 jobs and provides $2.5 billion to the state’s GDP. Learn more at NuclearMatters.com. **

AROUND NEW YORK:

--Two New York University professors have released a study on how the federal Interior Department can use economic tools to modern the U.S. coal program. http://bit.ly/1OqhRpY

--Locational power prices in New York reached their lowest level since 1999. http://bit.ly/1Qff8pt

--The national average price for a gallon of gas has dipped below $2. http://bit.ly/1NOv2EN

HAPPY MONDAY: Let us know anytime if you have tips, story ideas or life advice. We're always here at dgiambusso@politico.com and swaldman@politico.com. And if you like this letter, please tell a friend and/or loved one. Here’s a handy sign-up link: politi.co/1UqoEoB

PARIS CLIMATE ACCORDS, FINALLY— The New York Times’ Coral Davenport: “With the sudden bang of a gavel Saturday night, representatives of 195 nations reached a landmark accord that will, for the first time, commit nearly every country to lowering planet-warming greenhouse gas emissions to help stave off the most drastic effects of climate change. http://nyti.ms/1RMjhAw

--The Paris agreement signals an end to the world’s fossil fuel era, Reuters reports. http://reut.rs/1YbTmC3

--Confronting carbon footprint of climate talks: The New York Times, reports, “Bringing tens of thousands of people together in one place at the same time to discuss the future of the planet emits a lot of carbon. http://nyti.ms/1IK2ImF

--How the deal got done: Brought to you by our esteemed POLITICO cousins in DC and Europe: In the final hours of the climate summit here, the French hosts - who affirmed their reputation for diplomatic savoir faire and careful preparation throughout the previous two weeks - resorted to a gambit straight from a casino hall: the bluff. http://politico.pro/1jXsDvz

--President Obama’s fragile legacy: POLITICO’s Sarah Wheaton: President Barack Obama wants to be remembered as the president who saved the world from climate change. But the 195-nation accord aimed at curbing global warming may be the most fragile of his presidential achievements so far. http://politi.co/1jXsRmk

--Bill McKibben says it’s not enough: The head of 350.org, among many others, wanted more decisive action in Paris. http://nyti.ms/1jXEbPl

KINDER MORGAN LOSING VALUE—Bloomberg’s Joe Carroll: “The Hedgeye Risk Management stock analyst whose criticism wiped $2 billion off Kinder Morgan Inc.’s value two years ago said shares in the largest North American pipeline operator are still more than 40 percent overvalued. http://bloom.bg/1O3PKTg

CHENIERE BOARD TO REPLACE CEO — The Wall Street Journal’s David Benoit and Ryan Dezember: “Cheniere Energy Inc.’s board has voted to replace Chief Executive Charif Souki, according to people familiar with the matter, as the company prepares to become the first to export natural gas from the mainland U.S. http://on.wsj.com/1jXtz2Y

-After the Wall Street Journal scoop Cheniere put out a statement naming Neal Shear as interim CEO. Bloomberg reports. http://bloom.bg/1jXErxG

SHELL STILL EYEING ARCTIC — The Associated Press: “Arctic offshore drilling by Royal Dutch Shell PLC drew protests on two continents this year, but a more modest proposal for extracting petroleum where polar bears roam has moved forward with much less attention. http://wapo.st/1jXtKLM

TINY HOUSES — The Los Angeles Times: “The tiny house movement shows no signs of slowing down. Anyone who wants to immerse himself or herself in the phenomenon can opt for magazines, books, websites or the FYI network's "Tiny House Nation," co-hosted by Zack Giffin. http://lat.ms/1jXub8F

NEW PIPELINE IN SOUTH ASIA — The Associated Press: “Leaders from Afghanistan, India and Pakistan have joined the president of Turkmenistan in breaking ground on a new pipeline intended to deliver natural gas from the energy-rich former Soviet republic to their three countries. http://wapo.st/1jXuu3n

THE NEW ENGLAND PATRIOTS snapped a two-game losing streak Sunday night in a 27-6 victory over the Texans. Why are we mentioning this? They brought it to Houston at NRG Stadium.

FUTURES:

--No end in sight: Oil fell to fresh lows Friday after a report by the International Energy Agency indicated a global glut in crude supply, the Wall Street Journal reports.

“U.S. oil futures for January delivery fell $1.14, or 3.1%, to $35.62 a barrel on the New York Mercantile Exchange Brent, the global benchmark, fell $1.80, or 4.5%, to $37.93 a barrel on ICE Futures Europe.” http://on.wsj.com/1jXvwfU

--Natural gas falls with warm weather: Hope everyone made it to the beach this weekend. The bizarrely warm weather has sent natural gas futures falling, the Journal reports.

“Prices for the front-month January contract settled down 2.5 cents, or 1.2%, at $1.99 a million British thermal units on the New York Mercantile Exchange. That is the lowest settlement since April 24, 2012. Gas futures have lost 9% during the week, their fifth-straight losing week.” http://on.wsj.com/1jXw05H

** A Message from Nuclear Matters: Some of America’s existing nuclear energy plants face early closure due to current economic and policy conditions. Providing more than 62% of America’s carbon-free electricity, existing, state-of-the-art nuclear energy plants play a vital role in achieving our clean-energy and carbon-reduction goals.

In New York, nuclear energy plants provide 31 percent of the state’s electricity and 61 percent of our carbon-free electricity. The existing nuclear energy plants in New York also support about 18,000 jobs and provide $2.5 billion to the state’s GDP.

If we want to keep New York working, we need policies that will keep New York’s state-of-the-art nuclear energy plants working for all of us. Join us at NuclearMatters.com **

================================= 2015 POLITICO, LLC POLITICO New York Energy To unsubscribe, click here. 1000 Wilson Blvd., 8th Floor
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