Happy Friday!
In the news today…
Grid:
- Utility Dive reports that the North American Electric Reliability Corp. calls on power producers and grid operators to “take all appropriate actions” to prepare for a major winter storm expected to soon sweep much of the eastern U.S.
- E&E and others report on new warning from NERC that this weekend’s arctic blast poses a massive threat to the reliability of the grid.
Climate:
- The Wall Street Journal reports that Morgan Stanley, Citi and Bank of America this week withdrew from an ambitious pandemic-era climate coalition designed to help drive a shift to reduce carbon emissions by businesses. That followed withdrawals over the past month by Wells Fargo and Goldman Sachs from the United Nations-backed coalition, known as the Net-Zero Banking Alliance.
U.S. News:
- EnergyLaw360 (Subscription) reports that President Joe Biden on Friday formally blocked the planned $14.9 billion merger between Japan’s Nippon Steel and U.S. Steel, making good on a prior pledge to keep the latter steelmaker U.S.-owned in one of his final flexes of executive power over cross-border deals.