Biden names Democrat Richard Glick to chair energy regulatory panel

Biden names Democrat Richard Glick to chair energy regulatory panel

U.S. President Joe Biden takes part in a virtual Presidential Inaugural Prayer Service, in the State Dinning Room of the White House, in Washington, on Jan. 21, 2021.

Alex Brandon/The Associated Press

U.S. President Joe Biden on Thursday named Richard Glick, a Democrat, to chair the Federal Energy Regulatory Commission, where he could eventually lead the panel to consider lowering barriers for emerging clean energy technologies.

Glick was appointed by former president Donald Trump to the commission in August, 2017. Before that he was general counsel for Democrats on the Senate energy committee, and a policy adviser on electricity and renewable energy. His term does not require Senate confirmation and goes through June, 2022.

“This is an important moment to make significant progress on the transition to a clean energy future,” Glick said on Twitter.

Story continues below advertisement

FERC is expected to have a 3-2 Republican majority until the term of Neil Chatterjee, a Republican, ends on June 30. If Republican James Danly, who had served briefly as chair after Trump demoted Chatterjee who had promoted the use of carbon markets by states, resigns, the panel would have two Democratic and two Republican.

FERC, officially an independent panel of the Energy Department, regulates the transmission of electricity and natural gas across states and reviews large energy projects including liquefied natural gas (LNG) terminals.

Glick dissented on recent FERC rulings such as the Minimum Offer Price Rule expansion in the regional electricity transmission organization serving states, including Pennsylvania, New Jersey and Maryland known as PJM, the largest U.S. power grid operator.

The rule directed PJM to force state-subsidized solar and wind electricity providers to raise bids in capacity markets, a move that renewable energy companies and environmental groups blasted as a partisan attempt to protect fossil fuels.

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Published at Thu, 21 Jan 2021 15:48:03 +0000

What do you think?

Written by Riel Roussopoulos


Leave a Reply

Your email address will not be published. Required fields are marked *



An ETF fan asks: ‘Is there still any role for mutual funds in a portfolio?’

Covid: How a £20 gadget could save lives