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White House plan to bail out coal and nuclear will cost consumers

first_imgWhite House plan to bail out coal and nuclear will cost consumers FacebookTwitterLinkedInEmailPrint分享Wall Street Journal:The Energy Department is proposing a new plan to bail out failing nuclear and coal-fired power plants by forcing grid operators to take the electricity they produce, a move that could upend competitive power markets and raise prices for consumers.The plan—a draft now under White House review—isn’t the first attempt by President Donald Trump’s administration to help coal and nuclear businesses. Its goal is to stop a wave of plant closings for two years while the Energy Department studies which plants nationwide are critical to ensuring reliable power in case of attack or natural disaster. Administration officials say grid reliability is a national security issue.A boom in natural gas production and renewable power have lowered prices and forced coal and nuclear competitors out of business, a trend Mr. Trump has promised to slow. He pledged during his presidential campaign to help coal miners in particular, and he received millions of dollars in campaign donations from coal-company executives. In recent months, he has prodded Energy Secretary Rick Perry on several occasions to craft a solution, and did so again in a statement Friday.“Unfortunately, impending retirements of fuel-secure power facilities are leading to a rapid depletion of a critical part of our nation’s energy mix, and impacting the resilience of our power grid,” Sarah Sanders, the White House press secretary, said in a statement, adding that the president wants Mr. Perry “to prepare immediate steps” in response.Mr. Trump’s efforts so far have been blocked by the Federal Energy Regulatory Commission and fought by a broad coalition of opponents.The country’s largest grid operator is also skeptical. “Our analysis…has determined that there is no immediate threat to system reliability,” PJM Interconnection LLC, which runs the power markets in 13 states across the mid-Atlantic and Midwest, said in a statement. “There is no need for any such drastic action.”More ($): Energy Department Prepares New Plan to Prop Up Nuclear, Coal-Fired Power PlantsS&P Global Market Intelligence ($):“There is no national emergency justifying the use of these powers,” said Michael Steel, a spokesperson for the Affordable Energy Coalition, a group of organizations including those supporting wind, industrial energy consumers and others. “Independent experts, regional grid operators, and even the government’s own data show that competitive electricity markets keep the lights on and prices affordable.”The oil industry, through the American Petroleum Institute, joined a broad group of energy industry associations representing energy efficiency and storage, natural gas, solar and wind to condemn efforts to subsidize “failing” coal and nuclear plants.“Unprecedented government intervention in the energy markets to support high-cost generation will put achieving that vision in jeopardy and hurt customers by taking more money out of their pockets rather than letting people keep more of what they earn — a key priority of this administration,” said Todd Snitchler, American Petroleum Institute’s market development group director.Other industry groups opposing the administration’s proposed policy included the American Council on Renewable Energy, the American Wind Energy Association, the Natural Gas Supply Association and the Solar Energy Industries Association.PJM, which operates a regional transmission organization near abundant coal resources, said in a statement following the release of the DOE plan that there was “no need for such a drastic action.” “Any federal intervention in the market to order customers to buy electricity from specific power plants would be damaging to the markets and therefore costly to consumers.”The Union of Concerned Scientists called the proposal an attempt to “fleece ratepayers” by doling out billions of dollars in guaranteed profits to coal and nuclear plants. The Sierra Club said coal and nuclear plants will continue to retire even though the administration is pushing “illegal directives [that] will be met with fierce resistance in the courts and in the streets.”More ($): Much of US energy industry recoils at Trump plan to prop up at-risk power plantslast_img read more

5 persons killed in Polish gas explosion

first_imgFirefighters work at the site of a building leveled by a gas explosion in Szczyrk, Poland on Dec. 4. AGENCJA GAZETA/GRZEGORZ CELEJEWSKI/VIA REUTERS Around 100 firemen and 50 policeofficers were on the scene, a state broadcaster said.(Reuters) The bodies of three adults and twochildren have been found in the rubble so far, they added. Poland – Five people died after a three-story building in the southernPolish ski resort of Szczyrk collapsed on Wednesday following a gas explosion,local authorities said. Up to eight people could have been inthe building and firemen are continuing to search for other victims, accordingto authorities.         last_img read more

10 Tech Jobs Where Women Earn Less

first_imgTech is one of several industries under the microscope when it comes to equal pay for equal work. But according to Glassdoor’s new research report titled Demystifying the Gender Pay Gap, the tech industry, like all industries, has some room for improvement when it comes to closing pay gaps between men and women.According to the research, within the U.S., the unadjusted pay gap between men and women is 24.1%, meaning women earn, on average, 76 cents ($0.76) for every $1.00 men earn. However, when controls are factored in (controls such as age, experience, level of education, occupation, industry, location, year, company and job title), the adjusted pay gap between men and women is 5.4%, meaning women earn, on average, $0.95 for every $1.00 men earn.When looking at the tech sector, however, the pay gap between men and women is slightly bigger than this adjusted average, standing at 5.9%, meaning within the tech industry, women earn, on average, $0.94 for every $1.00 men earn.In addition, all tech-related occupations are not created equal. Within the tech industry, our research has also identified the 10 tech jobs where the pay gap between men and women is biggest:10 Tech Jobs Where Women Earn Less*1. Computer Programmer28.3% base pay differenceWomen earn $0.72 for every $1.00 men earn2. Game Artist15.8% base pay differenceWomen earn $0.84 for every $1.00 men earn3. Information Security Specialist14.7% base pay differenceWomen earn $0.85 for every $1.00 men earn4. Data Specialist13.6% base pay differenceWomen earn $0.86 for every $1.00 men earn5. Software Architect10.6% base pay differenceWomen earn $0.89 for every $1.00 men earn6. SEO Strategist10.2% base pay differenceWomen earn $0.90 for every $1.00 men earn7. Front End Engineer9.7% base pay differenceWomen earn $0.90 for every $1.00 men earn8. Database Engineer9.7% base pay differenceWomen earn $0.90 for every $1.00 men earn9. Sharepoint Developer9.2% base pay differenceWomen earn $0.91 for every $1.00 men earn10. SAP Developer8.4% base pay differenceWomen earn $0.92 for every $1.00 men earnCurious how some other tech jobs compare in terms of pay between men and women? Here are a few more for additional perspective:Software Engineer6.0% base pay differenceWomen earn $0.94 for every $1.00 men earnProduct Manager4.3% base pay differenceWomen earn $0.96 for every $1.00 men earnMobile Developer2.9% base pay differenceWomen earn $0.97 for every $1.00 men earnWhy do we see these trends in tech occupations?Despite progress in recent years, most tech jobs today remain male-dominated roles. This fact may influence pay setting, promotions, and whether the best and brightest women feel welcome in these positions.In general, we see the biggest gender pay gaps in the most advanced and highly paid jobs, both in tech and across other industries. Computer programmer is a job that fits this pattern, as it is an advanced and older tech role that includes many scientific coders and programmers for advanced applications such as mainframe computers.One bright spot is that a handful of tech jobs have gender pay gaps that are smaller than the U.S. average.Here at Glassdoor, we believe in equal pay for equal work and provide a platform for employers who want to pledge their commitment to equitable pay practices. More than 1,700 employers to date, including several in tech, have pledged to pay women and men equally for equal work and experience.Curious how other industries compare for pay between men and women? Want to know what factors contribute to the gender pay gap and what can be done to eliminate pay gaps? Read more in our research report, Demystifying the Gender Pay Gap.Plus, check out the jobs in which women earn less, about the same and more than men.Share your salary anonymously and help countless others negotiate fair pay regardless of gender.*For the purposes of this blog post, “job” and “job title” are used interchangeably with “occupation,” which is the term used in the official research report, Demystifying the Gender Pay Gap. As noted in the full report, sample size per occupation differs. The 10 Tech Jobs Where Women Earn Less is based on jobs (occupations) from the full data set in which men earn more than women.last_img read more