VIDEO: Executives call for electric markets fix

An executive panel at an annual nuclear conference said reforms must be made to the electric market in order to recognize the value of baseload power sources such as nuclear and coal.
 
During a panel discussion at the Nuclear Energy Institute (NEI)’s annual conference, one of the leaders said regulatory actions like the U.S. Environmental Protection Agency’s Clean Power Plan does not do enough to support baseload power generating sources and puts too much emphasis on newer technologies without acknowledging shortcomings.
 
“The future will see more distributed generation and renewables, but you need to have a stable grid to support it, and that comes from baseload like nuclear and coal,” said Nicholas Akins, president and chief executive officer of American Electric Power.
 
Daniel Yergin, vice chairman of IHS, said regional market deficiencies are just some of the challenges facing many nuclear power plants. Bill Mohl, president of Entergy Wholesale Commodities, said, “states are picking winners and losers and not properly valuing the attributes of all generation.”
 
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