Law360, New York (April 7, 2010, 10:21 AM EDT) -- Despite Federal Energy Regulatory Commission Chairman Jon Wellinghoff’s statement in a conference last April that “baseload capacity is going to become an anachronism,” the draft proposal by U.S. Senator Lindsey Graham, R-S.C., to establish a national clean and renewable energy standard may actually prove that nuclear and advanced coal-fired baseload capacity is anything but anachronistic, and it may very well be the key to a clean and prosperous future for electric utilities.
Development of Baseload Generation
Throughout the 1970s and 1980s, as the electricity industry grew...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.