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WASHINGTON, March 29, 2018 — Today, national business group Advanced Energy Economy (AEE) issued the following reaction to news about FirstEnergy filing a formal request for federal emergency support of unprofitable coal and nuclear plants, under the rarely used U.S. Dept. of Energy (DOE) section 202(c) authority:“Advanced Energy Economy calls on Secretary Perry to reject FirstEnergy’s blatant appeal for a multi-billion dollar bailout of uneconomic and unnecessary power plants,” said Malcolm Woolf, senior vice president of policy for AEE, a national business organization. “This outrageous attempt to evade established market procedures is unprecedented. FirstEnergy is asking the Secretary of Energy to exercise authority that is reserved for an emergency threatening national security just to salvage power plants that are losing money for their owners and costing money for consumers. PJM currently has generating capacity well in excess of that needed to keep the lights on. FirstEnergy’s request attempts to short-circuit PJM’s well-established process for analyzing the reliability impacts of generation retirements, and ignores FERC's ruling earlier this year finding that no emergency exists that would justify providing special treatment to coal and nuclear power plants in our competitive electricity markets. We fully expect Secretary Perry to reject this application as an inappropriate use of his emergency powers, just as he did last year when Murray Energy asked him to keep coal plants open.”

 AEE Points Congress, Administration toward Modernizing U.S. Energy Infrastructure for Economic Growth 

 

AEE Applauds Passage of Legislation to Expand Investment in Renewable Energy and Energy Efficiency in Virginia

 

 AEE Applauds FERC Unanimous Action on Energy Storage, Distributed Energy Resources

Executives of Market Leading Advanced Energy Companies and Corporate Energy Buyers Join AEE and AEE Institute BoardsLeaders from 8minutenergy Renewables, Apex Clean Energy, Direct Energy, EnerNOC, Ingersoll Rand, Microsoft, Modern Energy, Nautilus Data Technologies, Nest Labs, and Oracle support initiatives to expand $200 billion advanced energy marketWASHINGTON, D.C., Feb. 14, 2018 – Today Advanced Energy Economy (AEE) announced that executives of nine market-leading companies have joined its board of directors to support the national business group’s efforts to accelerate the growth of secure, clean, affordable energy in the United States. The U.S. advanced energy market totals more than $200 billion in revenue, about equal to pharmaceutical manufacturing and approaching wholesale consumer electronics, and supports more than 3 million U.S. workers.Concurrently, Advanced Energy Economy Institute (AEE Institute), the educational and research affiliate of AEE, added two new board members. Joining the board and serving as chairman is Matt Rogers, Co-Founder and Chief Product Officer at Nest Labs, a leader in connected home devices used to manage energy and security systems, and Partner at Incite Ventures, an investor in mission-based enterprises. Also joining the AEE Institute board is Tim Healy, former Chairman & Chief Executive Officer at EnerNOC, a leader in demand response and energy management, strategic energy procurement, and utility bill management software and services."We are proud to welcome these outstanding business leaders to our boards, and appreciate the wealth of corporate leadership, technology expertise, and industry insight that is of great value in guiding our organization,” said Heather O'Neill, interim CEO of AEE. “They join highly committed and energized boards that are helping us work toward our vision of a prosperous world running on secure, clean, affordable energy.”The new AEE directors are:

 Background Resources:2017 Advanced Energy Now Market ReportThis Is Advanced Energy directory of 52 technologies At More than 3 Million Jobs, Advanced Energy is a Big – and Growing – Source of Employment in the U.S.

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Advanced Energy Economy Statement on President Trump’s State of the Union Address