April 24

The Energy Question Episode 37 Todd Snitchler, President Electric Power Supply Association

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The Energy Question Episode 37 Todd Snitchler, President Electric Power Supply Association

In Episode 37 of The Energy Question, David Blackmon interviews Todd Snitchler, President of the Electric Power Supply Association (EPSA) about issues currently impacting the independent power producers in the United States.

EPSA Website: www.epsa.org EPSA on Twitter: @EPSA_CEO

Run of Show:

01:00 – Description of EPSA’s mission and membership.

02:10 – Todd describes the current state of grid reliability and resilience.

03:30 – Are we in an energy transition or an energy expansion?

04:40 – EPA regulations designed to increase load on the power grid – will power providers be able to meet the new demand with renewables only?

06:40 – “Americans want 3 things: Lights on, Beer cold and Water warm.”

07:10 – EPSA’s views on Texas proposals to incent dispatchable reserve capacity.

10:20 – China doubling-down on coal – is it now essentially impossible to build new coal-fired generation in the U.S.? What about nuclear power?

13:20 – Transmission – need big expansion in new transmission – is the industry prepared in terms of investment and public policy to meet the needs?

15:40 – Supply chain issues – Transformers in short supply going into 2023 hurricane season.

18:00 – Series of attacks on power facilities, mainly on transmission substations.

20:50 – Discussion cybersecurity measures being taken by power generators.

23:45 – Energy transition: How what we’re doing increases the challenges for grid managers to maintain reliability and stability.

End

 

The Energy Question Episode 37 Todd Snitchler, President Electric Power Supply Association

 

David Blackmon [00:00:10] Hello, welcome to the energy question with David Blackmon. I’m your host, David Blackman. And my very special guest for today’s podcast is Todd Snitchler, the president of the Electric Power Supplier Association. Todd, how are you doing?

Todd Snitchler [00:00:22] I’m well, David. Thanks for having me on.

David Blackmon [00:00:24] Well, I know you’re association is one of the big national trade associations for power providers in the United States. Just take a few minutes for we go into the Q&A, take a few minutes to talk about the association, what you guys do, who your members are and your mission there and where public policy is concerned.

Todd Snitchler [00:00:42] Thanks, David, for the opportunity to do so. As you know, the Electric Power Supply Association, or IPSA, is the only National Trade association that represents independent power producers here in Washington. Our focus is generally federal, so our interaction is with our primary regulators at the Federal Energy Regulatory Commission or FERC.

Todd Snitchler [00:01:02] But we also engage on Capitol Hill with administrative agencies. We work with our state and regional partner network on state related issues that have federal implications and vice versa. Our members are owners of assets of all types, and their footprint stretches from California to Texas to New England with all the areas of the country, every restructured market in the country. Our members have assets.

Todd Snitchler [00:01:27] Our generation portfolio across all of our members is predominantly natural gas these days, but still includes natural gas, coal, nuclear, hydro, battery storage, wind, solar and even some hydro. So we have all resources in our mix. And so, you know, some have accused us of being the fossil only generation organization. And I think we can dispel that notion right here at the top.

David Blackmon [00:01:53] Yeah, it’s it’s kind of hard to be fossil only these days.

Todd Snitchler [00:01:56] That’s for.

David Blackmon [00:01:57] Sure. Yeah, I think I think the federal government’s pretty much done away with that ability. But, you know, so let’s just start with a general question. Sure. In your view, how would you describe the current state of reliability and resilience on America’s various regional power grids?

Todd Snitchler [00:02:17] I think we are well positioned to maintain historically high levels of reliability. And my one caution that I would put around that is that the North American Electric Reliability Corporation or NURK there the reliability coordinator for the entire North America.

Todd Snitchler [00:02:33] It’s not just the United States has highlighted a number of regions of the country that are potentially looking at issues with regard to reliability, and it’s primarily around generation resources.

Todd Snitchler [00:02:43] So it’s not as if we don’t have sufficient wires to move electrons. It’s are we retiring certain resources that can generate electricity on demand or dispatchable is the term we would use. Right. And are we moving too many of them off the grid too quickly and replacing them with intermittent resources or non dispatchable resources that have energy potential but are not good capacity resources?

Todd Snitchler [00:03:08] And Nurk has made it very clear that we are in the middle of an energy transition. I’m not sure I love that phrase. I think we’re more in a period of energy expansion for a couple of reasons. One, we are starting to see low growth in the United States and we have not had low growth for probably 15 years, but we are seeing increased demand.

Todd Snitchler [00:03:26] There are policies across states and the federal government that is looking to expand electrification. And if we’re going to electrify the economy, whether it’s transportation or buildings or industry, that’s going to mean an even more significant increase in electricity demand.

Todd Snitchler [00:03:43] And that’s going to require that we have sufficient resources to get there. So we’re not of the mind that you can retire the old fleet and just add new, new resources to the fleet. We’re going to have to have what we have and more. That’s the expansion part. And that fleet is going to change and it has changed over time and that’s historically been the case.

Todd Snitchler [00:04:02] But I think we need to be very careful about how we go through the transition process or the expansion process, because if we get things out of alignment and we retire certain resources too soon before there are sufficient resources to replace them, you are you’re slow walking yourself into a very avoidable reliability problem that no one wants. Yeah.

David Blackmon [00:04:21] And when you talk about an increasing demand for electricity and these efforts to electrify everything happening in California and other states in the country, just yesterday, EPA issued a proposed new regulation on mileage standards that’s going to basically make most gasoline powered automobiles illegal just in nine years from now, two thirds of the fleet is going to be impossible to produce anymore.

David Blackmon [00:04:47] That’s going to create an enormous new load,.

Todd Snitchler [00:04:50] Correct,.

David Blackmon [00:04:51] On the power grid. Right. For the recharging of all these electric vehicles. And the Biden administration appears to believe we’re going to be able to to to meet that demand only with renewables is it, in the view of your membership, is that even possible thing to.

Todd Snitchler [00:05:09] I think given where technology sits today, our answer would be no, but it’s not. There’s more nuance to that. And so what I mean by that is we, as you see the generation resource mix change and you’re right, there is a there’s a serious drive for more renewables to come onto the system.

Todd Snitchler [00:05:25] And the IRA legislation is certainly encouraging more and more of that development. But as you look at the reality of grid operations, you’re going to need additional resources that are quick start ramping can ramp to meet load.

Todd Snitchler [00:05:40] Natural gas is uniquely qualified to be able to meet that need because when the wind doesn’t blow or the sun goes down and you don’t have sufficient battery storage, which we don’t today in order to, you know, power the grid overnight, you need resources that can come on.

Todd Snitchler [00:05:55] So the operational profile of some of the resources we have today may be different. It may not run 24 hours a day, seven days a week. But boy, when it needs to run, it is going to be mission critical to keep the lights on. And I like to say that there’s three things that Americans want.

Todd Snitchler [00:06:09] They want lights on, beer, cold and water warm. And that’s non-negotiable for American society. And so I don’t think the public is going to be willing to have anything less than near-perfect reliability.

Todd Snitchler [00:06:21] And so we have to be thoughtful as we look at if you’re going to make certain decisions, you’re going to have to acknowledge that there is a need for resources that may be disfavored by some groups, but are the keys to keeping the system reliable.

Todd Snitchler [00:06:34] And I think we need to keep that in mind as we make policies both at the state and federal level. Yeah.

David Blackmon [00:06:38] And so at the state level, I’m here in Texas and of course I was without power for four days during winter storm Uri a couple of years ago and, and we had 300 Texans pass away their blackouts that that happened during that storm.

David Blackmon [00:06:54] The legislature right now is looking at dispatchable thermal capacity that you just you know, that is the remaining big kahuna weakness I think, in our state’s power grid. And we have a proposal that was passed by the Senate that would incentivize the building of about ten gigawatts of new capacity fired by natural gas.

David Blackmon [00:07:18] There’s it’s questionable whether that will get through the House of Representatives. Nobody knows yet. But I wonder what the position of of your members is on a proposal like that that would, you know, not be a mandate, but set up a competitive bidding process for the building of all this, this new capacity to be essentially reserved capacity for the grid. How do you look at that?

Todd Snitchler [00:07:41] Yeah, we look at it from the perspective and I should say up front, we do not engage in Texas because it’s non FERC jurisdictional, but certainly Texas is a bellwether for how our markets may be going to perform.

Todd Snitchler [00:07:51] We look at this situation and say, our members are willing to invest the capital where market signals suggest that investment is needed and they are very resistant and we are not supportive of captive customers being forced to pay the bill for resources that the market would otherwise provide. And I say that because for two reasons.

Todd Snitchler [00:08:12] One, it encourages better spending discipline. When you remove the, you know, I make more money. When I spend more money, that’s usually not a good thing for consumers. And that’s kind of the traditional utility model.

Todd Snitchler [00:08:23] But on the other hand, it shifts that risk on those better able to manage it and bear it. And that’s the investors and shareholders of those organizations.

[00:08:30] If you tell our members we need this type of resource and we’re going to give you the opportunity to earn a rate of return and compete in order to deliver power to customers, they will invest the money to deliver those resources where you have the state step in and say, we’re going to predetermine who will win and we’re going to predetermine all these other specifics.

Todd Snitchler [00:08:50] It usually means that that works out well for the the chosen beneficiary, which is what we see in Washington quite a bit. And that doesn’t really empower market participants. So our our position, it is if you properly design the market and you give people certainty, they will make the investment decisions that will give you the reliability that you’re seeking.

David Blackmon [00:09:08] And of course, you know, that’s been a problem on our grid as the market signals haven’t been there.

Todd Snitchler [00:09:13] That’s correct.

David Blackmon [00:09:14] That capacity, because of the way it’s been structured. And there there are proposals to again enact some reforms to how the market functions and that will hopefully, you know, create those market signals.

David Blackmon [00:09:26] And so, yeah, that’s really the kind of competing ideas that are happening in the session right now.

Todd Snitchler [00:09:32] That’s right.

David Blackmon [00:09:33] So it’s a real interesting decision point for the legislature to make. Another story that came up and I always try to relate what my these interviews are going to be to things that are happening in the news right now.

Todd Snitchler [00:09:44] Sure.

David Blackmon [00:09:44] Yesterday there’s a story out of China that they’re doubling down on coal again in China. And of course, one of the big goals, I think, for both the Obama and Biden administration has been to make it essentially impossible to build new coal fired capacity in the United States.

David Blackmon [00:10:02] And it seems to me and I wonder what your view is, that they’ve basically succeeded at this point. This is pretty much almost impossible now to build a new coal fired power plant in America, isn’t it?

Todd Snitchler [00:10:14] I think I think it’s almost certain that you you will not see new coal fired generation constructed. In fact, that’s the units that are retiring most quickly.

Todd Snitchler [00:10:24] Now, as we see the turnover of the energy system, it’s the older, less efficient, higher cost coal units that are retiring and are being replaced by either highly efficient, combined cycle natural gas, renewables and battery storage.

Todd Snitchler [00:10:38] But I cannot think of one example where there is an active coal application for a new power plant anywhere in that state.

David Blackmon [00:10:46] What about nuclear? Is there any are you seeing any uptick in interest for building new nuclear power since it’s a basically a zero carbon emission generation source?

Todd Snitchler [00:10:57] Yeah, I think there’s two schools of thought on nuclear, at least from where our members sit and our members own nuclear. So we’re certainly in favor of nuclear resources.

Todd Snitchler [00:11:06] But you have the project in Georgia that is over budget and years late that has really caused a lot of consternation about the traditional large single unit or dual unit reactors.

Todd Snitchler [00:11:17] But there is a lot of interest in the small modular reactor concept, and there are billions of dollars that are chasing what will ultimately be the Moberly, the standard for small modular reactors. The challenge is what’s the timeline on that?

Todd Snitchler [00:11:32] You know, we’ve been looking at small modular reactors for a long time. There’s certainly renewed interest in trying to do that. I think there’s every incentive in place to be able to deliver it.

Todd Snitchler [00:11:41] But it’s been 30 years probably at least, that we’ve been looking at small modular reactors. So we’re hopeful that it comes. But you can’t plan your grid around what may or may be reliable or may be available in the future.

Todd Snitchler [00:11:54] You’ve got to plan the grid for where you are with an eye on where you’re going. And certainly we hope that that will be part of the mix. But as of today, there’s not even a test project that’s putting power under the system that I’m aware of.

Todd Snitchler [00:12:06] And we’ve got some significant hurdles to get from where we are to where those will be commercially viable. But certainly we’d be supportive of when they work and when they’re commercially available. Our members would be supportive of utilizing them. It’s just a question of when will that be and at what cost.

David Blackmon [00:12:21] So let’s do let’s talk about shift gears a little bit here and talk about the transmission piece of things you mentioned earlier.

David Blackmon [00:12:29] There’s plenty of wires right now to move the elect the irons to the markets. But as we expand and with these plans, this Green New Deal public policy that’s in place now, it’s contemplating an enormous expansion in grid capacity.

Todd Snitchler [00:12:44] That’s right.

David Blackmon [00:12:44] And that’s going to mean it’s going to have to mean a big expansion in the number of transmission lines.

Todd Snitchler [00:12:50] Right.

David Blackmon [00:12:51] You’re going to have to have a lot more white wires to move all that electricity. Is the industry prepared for that kind of expansion at the moment, both just from an investment posture and also a public policy posture?

Todd Snitchler [00:13:04] Yeah, you raise a couple of really important issues, the first of which is it’s not it’s not free to build that infrastructure and consumers are going to be on the hook to pay for that. And so we need to be mindful about how much that cost will be.

Todd Snitchler [00:13:19] But you also raised the other issue, which is can it be done in a timely basis and where is it going to go? Because we’ve seen opposition to fossil or natural gas pipeline infrastructure specifically over the last 15 or 20 years.

Todd Snitchler [00:13:34] That’s effectively stymied a lot of that development. And you’ve got a number of folks on the other side of the equation who don’t particularly like the transmission lines and may oppose them for reasons that are mirror image to maybe those who oppose the pipelines.

Todd Snitchler [00:13:48] And so I think we’re going to have to have a conversation. And that’s what the siting reform discussion is about in Washington right now is if we’re going to add some of these resources, you are 100% correct.

Todd Snitchler [00:13:57] We are going to need more transmission in order to do it. But there’s a way for us to do it and that we can introduce competition to transmission that’s been done in some parts of the country, and that’s actually proven to be very effective.

Todd Snitchler [00:14:08] It has reduced cost and delivered outcomes at or ahead of schedule, which is what you would want if we’re going to have to time all these things to be correct. But we are running into workforce related issues.

Todd Snitchler [00:14:19] There are supply chain related issues that are important for us to consider because if you merely passing a statute or passing a law that says, you know, this shall happen, but if you don’t have the people that can build it and the equipment to do it, you’re going to miss your timelines.

Todd Snitchler [00:14:34] And you’re again, you’re you’re walking yourself into a reliability problem that you could avoid if you were more thoughtful in your process.

David Blackmon [00:14:40] Yeah. And supply chain is is a big issue right now, isn’t it? I know that that we have a pretty significant concern right now, particularly where transformers are concerned.

Todd Snitchler [00:14:51] Right.

David Blackmon [00:14:52] Particularly, you know, especially now we’re about to go into hurricane season. And I wonder what your view is if we’re ready, if we think we have an adequate supply of transformers on in number one, and if we have the supply chain secure to get in. Those transformers that we’re going to need for the future expansion.

Todd Snitchler [00:15:13] You raise another important issue, and I know that a number of my colleagues at different trade associations similar to ours have raised, which is there are real concerns about both the inventory that exists and the ability to get additional transformers.

Todd Snitchler [00:15:27] Hurricane season is always a source of concern. The utilities have a very sophisticated network of mutual assistance and they help each other out.

Todd Snitchler [00:15:35] But when your shelves are bare because you’re trying to maintain your own system and then, you know, one of your peers says that we’ve had a storm impact our infrastructure and we need, you know, additional transformers and they’re not available.

Todd Snitchler [00:15:47] That’s that’s when the rubber meets the road. And I think we are at the point now where we need to pay some really serious attention about our supply chain. Should we be building those in the United States? What is the actual inventory?

Todd Snitchler [00:15:58] You know, the timelines I have heard for the smaller transformers are up to two years, and for the large transformers that can be up to five years. I mean, that’s if you have a significant weather event or you have a significant outage or frankly, if you have damage like we saw in North Carolina late last year or in Washington State or Oregon after that,.

Todd Snitchler [00:16:17] That is that’s a flashing red light about the need for us to make sure that we are thinking about the complete energy value chain, which includes the transformers and some of the system requirements that can be damaged either through weather or through human action, vandalism, criminal activity, what have you.

Todd Snitchler [00:16:34] We can’t afford to have those not be available because without them you can’t move your energy. And without energy, the public doesn’t have the lights on, beer, cold water, warm, and that that’s just not an acceptable outcome.

David Blackmon [00:16:45] Yeah. And the security you mentioned is also been kind of a growing issue, it seems. I mean, we’ve had this spate of actual attacks. I mean, people even shooting at central facilities with guns to try to shut electricity off. But but what about your members with their their installations? Are they seeing similar kinds of issues happening at, you know, at a power plant facility?

Todd Snitchler [00:17:12] Yeah, We have not seen the same type of activity in a power plant, partly because of the way it’s situated. It’s a little different than, you know, you look at your traditional substation or, you know, even if it’s a larger substation, they’re generally in rural areas. They’re out in the unprotected in many ways. And that’s not that’s not a state secret. I mean, you can drive right.

David Blackmon [00:17:33] Yeah, Yeah.

Todd Snitchler [00:17:33] Of that. And that’s where they’re potentially more exposed. A power plant is generally behind the fence, not easily gotten into, but you see routinely where people are just even if it’s for theft reasons, trying to get into power facilities, whether it’s a substation or a power plant. Looking for copper, looking for.

David Blackmon [00:17:51] Copper, yeah.

Todd Snitchler [00:17:52] Recycle. And you see reports of that almost daily where somewhere in the country those kind of things are happening. And you have got the full attention, I think, of the the sector, but also our regulators about what are we doing to ensure that we are properly protecting all of those assets.

Todd Snitchler [00:18:10] I know that there is at least a couple of states that are looking at should we harden every substation? And of course, that could that be done? Probably. Is there going to be a significant cost to do it? Absolutely.

Todd Snitchler [00:18:21] So at some point you have to do some risk calculations about your cost benefit. There are some resources that you wouldn’t want to spend substantial amount of money. Maybe it’s as simple as putting some cameras on it so that you can see who’s coming and going.

Todd Snitchler [00:18:34] The other is if you have a very substantial substation and you need real protection and a lot of attention paid to security, then you would treat that differently. And so there’s there’s already a gradient that utilities utilize in order to determine how they’re going to protect that infrastructure.

Todd Snitchler [00:18:49] But there is an even more heightened attention on that now, given some of the criminal activity that we’ve seen over the last six months, but really has been going on in the background for several years now.

David Blackmon [00:18:59] Yeah, I you know, you talk about the number of those those kinds of facilities mean I mean, tens of thousands.

Todd Snitchler [00:19:06] That’s correct.

David Blackmon [00:19:07] Nationwide, I live in a kind of a semi-rural area just south of Fort Worth, Texas, and I drive by a half a dozen of them every day almost. They’re just all over the place out here. And to think that you could harden every one of those in this country, the cost would be in the tens of billions, if not hundreds of billions of dollars.

David Blackmon [00:19:29] I mean, it’s just an enormous potential cost. I think.

Todd Snitchler [00:19:33] That’s exactly right.

David Blackmon [00:19:34] Yeah. So, you know, and then then, of course, your members also have to worry about in addition to those kinds of security issues, cyber security. That’s right. And talk about the kinds of measures your guys have to take to protect against those kinds of attacks.

Todd Snitchler [00:19:52] Yeah, the cyber issue has been an ongoing issue for quite a while, although really when the Ukraine war started, it really kind of raised the issue because of people seeing firsthand what was being done to their electric infrastructure via cyber means and what have you and certain.

Todd Snitchler [00:20:09] You know, our members and our utility brethren and public power and the rural co-ops all kind of adopted our shields up mentality to say we have to be hyper vigilant because we don’t know if someone’s going to try to create havoc here in the United States.

Todd Snitchler [00:20:22] So I think if you take a step back, even before that, you know, the financial sector is the one that everybody pays attention to because we care about our money. And they have cyber attacks every day just like we do.

Todd Snitchler [00:20:33] But the power sector has has exponentially more attacks, partly because of the surface attack. Surface is so much larger. But there are there are bad actors. There are, you know, people in their basement just kind of scanning the grid for fun who are all looking for opportunities to create problems.

Todd Snitchler [00:20:52] And certainly our members are actively engaged in being very aggressive in our defense of their own systems, but also how the system fits together as a as a trade association, as a member of the Electric Sector Coordinating Council, where industry partners with the government,.

Todd Snitchler [00:21:09] Including DHS and all the agencies that address cyber and physical security in an effort to make sure that we are sharing information and that we and they have the best information available about what risks may be out there, how we can best work to protect against them.

Todd Snitchler [00:21:24] And we have to do that on a hourly and daily basis because, you know, the bad actors as much like a traditional terrorist mentality, they only have to be right once.

Todd Snitchler [00:21:34] We have to be right all the time. And so we take cyber and physical security very seriously because the impacts on the power system are potentially devastating, as you noted, in a winter storm.

Todd Snitchler [00:21:42] It’s a problem, but if you have the power, go out for three or four days, even in a non severe weather situation, you can’t charge your phone, you can’t charge your car, you can’t cook your food.

Todd Snitchler [00:21:53] If you’re electrified in your house and you don’t have natural gas to be your your kitchen or what have you. It creates real issues that impact Americans on an hourly and a daily basis. And so we work, along with our utility colleagues, to try to prevent that from happening as much as humanly possible.

Todd Snitchler [00:22:09] And so far, we’ve had a pretty good track record of success. And we hope that that’s able to continue based on the energy and money that’s being invested to protect the infrastructure.

David Blackmon [00:22:17] So you mentioned earlier that and I agree with you, by the way, you said that you don’t like that term energy transition, because what we really seem to be embarked upon here is more of an energy diversification and an energy addition where we’re adding a lot of new sources of energy,.

David Blackmon [00:22:36] But that doing all that increases the complexity of all this and puts all this new pressure on the grid managers to manage all of that. You know, talk about the kinds of challenges that grid managers face today that they didn’t face 25 years ago and trying to integrate all of this into a stable grid.

David Blackmon [00:22:57] Yeah, I think if you look historically, you had Central Station generating resources that were fairly large and you manage your thousand megawatt coal plant or your thousand megawatt nuclear reactor or your thousand megawatt natural gas facility,.

Todd Snitchler [00:23:11] That would be the main sources of generation to come on the system and you dispatch it and you keep the system in balance and everything works swimmingly.

Todd Snitchler [00:23:19] Now you have a number and it’s in the hundreds and in the thousands of resources that are putting power onto the system and technology has evolved to enable that to happen.

Todd Snitchler [00:23:28] But because of some of the differences in technology, inverter based resources, so solar resources that operate differently from a traditional spinning reserve like you would have in a coal plant or a nuclear facility, create operational challenges that have to be managed through technology and through system analysis that the grid operators have to do. In addition to that,.

Todd Snitchler [00:23:49] They also have what’s called their interconnection queue, which is all the resources that want to come onto the system. They have to study what the impacts will be and go through a process.

Todd Snitchler [00:23:58] There are literally hundreds of thousands of megawatts that are in the various queues across the country for projects that are trying to figure out if they can pencil out and make investment sense in order to command the system.

Todd Snitchler [00:24:10] And the grid operators are having to model and evaluate what all of those projects look like, while on the other hand, they’re monitoring and making sure the existing system runs.

Todd Snitchler [00:24:19] They’re trying to figure out how we’re going to add certain resources where they will be, will it create system constraints for transmission or distribution?

Todd Snitchler [00:24:26] Are you going to have a older facility that retires as a result of some of these new projects that come on? Is there the ability to even put energy on at a certain point? Does that trigger the need for additional transmission and distribution infrastructure?

Todd Snitchler [00:24:39] So there’s a lot of engineering that goes on. And this is, of course, the biggest machine in the world, the North American electric grid. And 99 plus percent of the time it works really, really well.

Todd Snitchler [00:24:50] But that’s because of the great work that’s being done by these folks. But it is being complicated by the addition of different resources, and they’re managing it. I think they’re managing it fairly well.

Todd Snitchler [00:24:59] But there are those who say the process is too slow. We’re not transitioning to resources that we prefer fast enough, and I think that we have to be very mindful about.

Todd Snitchler [00:25:08] Making this an effective energy expansion and not one that’s driven by and I say this as a recovering politician, we all like to have ribbon cuttings in our district, and that sounds great when you are able to announce a new project.

Todd Snitchler [00:25:20] But all of that has to fit together in a way that doesn’t jeopardize reliability and the system can take it on and then manage the exit of the resources that are leaving as a result of economics or retirement decisions, what have you.

Todd Snitchler [00:25:32] And there is a way to do it right and there’s a way to do it wrong. And if we do it wrong, we jeopardize reliability. And as I’ve said, hopefully enough times now, that’s just not acceptable and the public won’t stand for it.

David Blackmon [00:25:41] Yeah, And you know, and if you jeopardize reliability to to the extent to where you have a situation like they’ve had in Pakistan or, you know, one of these developing countries with power blackouts every day, modern life is essentially unsustainable at that point. Right? Yeah.

Todd Snitchler [00:25:58] There’s a utility executive that I often quote who says, you know, electricity is really important. It’s the first 7% of the American economy. And without that 7%, the other 93% doesn’t work.

David Blackmon [00:26:12] That’s right. That’s I may steal that quote. I might have to steal that quote.

Todd Snitchler [00:26:16] Yeah. You can attribute that to Tom Fanning from Southern Company. That’s who said.

David Blackmon [00:26:19] It. Okay. That’s a great quote, man. We are we are fresh out of time here. We’re bumping up against it. I really appreciate you doing this conversation. Hope to check in with you again sometime soon.

Todd Snitchler [00:26:32] I would love to anytime you’re available.

David Blackmon [00:26:34] All right. Well, thank you all for joining us. Thanks to the Sandstone Group for hosting our podcast to our extraordinary producer, Eric Parel. I’m David Blackmon, and that’s all for this time. We’ll see you later.

 

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David Blackmon, EPSA, President Electric Power Supply Association, Todd Snitchler


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