Reliable Energy, Inc.

GOV. MIKE BRAUN APPOINTS RELIABLE ENERGY PRESIDENT JON FORD TO OVERSEE THE OFFICE OF ENERGY DEVELOPMENT 💡🔌 Read more: https://lnkd.in/gBan8vtb

Governor-elect Mike Braun focuses on policies that enhance the reliability and affordability of our state's energy supply. 📰: Indiana Legislative Insight

BIG news for Indiana! "Hallador and the unnamed data center developer signed an Conversion Transaction Commitment Agreement effective January 2, 2025. During the third quarter of 2024, Hallador signed a non-binding term sheet with the developer to support the delivery of energy and capacity, through a utility partner, for 10+ years.” #IndianaDataCenter #PowerSupply #EnergyDemand

U.S. Grid Monitor's Recommendation to State Utility Regulators... The North American Electric Reliability Corporation (NERC) released its 2024 Long-Term Reliability Assessment last month, highlighting increasing grid reliability risks as the energy landscape evolves. Over the next decade, 122,000 megawatts (MW) of dispatchable generation will retire, coinciding with a surge in electricity demand fueled by data centers, electrification, and industrial growth. Unfortunately, according to NERC, the Midcontinent Independent System Operator (MISO) is at the highest risk of energy shortfalls, with inadequate reserves beginning as soon as 2025. MISO oversees the power supply for 15 U.S. states, including the majority of Indiana. Regions with the largest coal fleets were found to be at either a “High” or “Elevated” risk of shortfalls over the next ten years: ▪️MISO: High risk due to coal retirements and slow resource additions. ▪️PJM: Rising demand and inadequate replacement for retiring capacity. In the executive summary of NERC's 2024 Long-Term Reliability Assessment, the U.S. grid monitor makes the following priority recommendation for state utility regulators and lawmakers: ** The full list of recommendations can also be found on page 10 in the link below. https://lnkd.in/ek_FNyXs #EnergyDemand #EnergySupply #NERC #CapacityShortage #MISO #PJM

Wishing you a Christmas that's merry and bright! - Team Reliable Energy 💡

Over half of North America faces a potential shortage of electricity supplies in the coming years, compounded by surging demand growth and accelerating generator retirements, according to the North American Electric Reliability Corporation's (NERC) latest 2024 Long-Term Reliability Assessment. NERC identified Indiana's grid operator, MISO, as the only region considered “high risk.” LEARN MORE: https://lnkd.in/gqADmUey

Yesterday, the Indianapolis Business Journal hosted its first IBJ Media Future of Energy Summit. Energy stakeholders discussed topics such as data centers, the future of nuclear energy, rapidly growing power demand, high electricity rates, and more. All panelists concurred that power demand is rising at an unprecedented rate, and that we must address Indiana's status as a net importer of energy, which heavily depends on other states for our power supply. Read more about the energy summit in the IBJ article below: https://lnkd.in/g_PxgsRR

Yesterday, the North American Electric Reliability Corporation (NERC) released its 2024 Long-Term Reliability Assessment, which found that roughly half of the country is at risk of electricity supply shortfalls. The increasing risk stems from the fact that electricity supply is not keeping up with demand. One of the simplest ways to reduce this risk is to stop retiring coal plants and other dispatchable electricity sources. Read the full report here: https://lnkd.in/ek_FNyXs

In case you missed it... The state’s public retirement oversight committee intends to exclude BlackRock Inc. from its investment portfolio following a state review that revealed the firm's involvement in environmental, social, and governance (ESG) practices. Indiana State Comptroller Elise Nieshalla, a member of the INPRS board, has continually urged the board to assess alternative fund managers who refrain from engaging with ESG factors. Last Friday, Nieshalla voted for the pension fund to hire an alternative asset manager to BlackRock. ESG investing leverages capital from investors to advance political goals, pressuring corporate management to prioritize these agendas over their obligations to shareholders. This approach discourages companies from focusing on maximizing returns for investors by providing top-quality products and services at competitive prices. THANK YOU, Indiana State Comptroller Elise Nieshalla and Treasurer Daniel Elliott, for putting Hoosiers over politics. READ MORE: https://lnkd.in/gmhsPpeM

INDIANA REJECTS ESG MOVEMENT On Friday, the Indiana Public Retirement System board of trustees voted unanimously to dismiss global investment firm BlackRock from managing the state’s portfolio. This decision follows Treasurer Daniel Elliott's accusation that BlackRock is making illegal environmental, social, and governance (ESG) commitments. - How can ESG affect consumers? The most significant effect of ESG on consumers is being felt in their checkbooks. Corporate ESG initiatives, pushed by financial institutions like BlackRock, have added to the high rate of inflation, particularly when it comes to energy costs. Less investment = less supply = higher prices. *Indiana is among over 20 states that have implemented anti-ESG legislation.* READ MORE about the board's vote to remove BlackRock due to ESG violations. https://lnkd.in/gebh3Crx