Vice President Paul Hibbard Testifies on Natural Gas and Electric Grid Coordination
March 20, 2013
Vice President Paul Hibbard testified at the U.S. House of Representatives Subcommittee on Energy and Power hearing, "American Energy Security and Innovation: The Role of Regulators and Grid Operators in Meeting Natural Gas and Electric Coordination Challenges" (March 19, 2013). The subcommittee heard witness testimony from several experts examining the challenges that regulators and electric grid operators face from the convergence of the natural gas and electric industries, in particular the increased use of natural gas to generate electricity.
"Adding gas-fired generating capacity to a region can lower costs, expand use of a domestic fuel source, increase generation efficiency, improve grid flexibility and reliability, provide environmental benefits, and facilitate the integration of variable renewable resources," said Mr. Hibbard. "In this context, improving the coordination of gas and electric markets must be viewed not as a challenge, but as an opportunity." He also noted that heavy reliance on natural gas-fired generation should not diminish the reliability of power grid operations, as long as natural gas infrastructure is sufficient to meet heating, industrial, and electricity generation demands at all times.
Read Mr. Hibbard's testimony