Matthew Crosby is Policy Director for Coronal Energy, powered by Panasonic, where he leads policy engagement at state and federal levels. Coronal is a utility-scale solar and storage project developer and independent power producer, with investment backing from Panasonic. Matthew previously served as Utility Solutions Program Manager with Panasonic’s CityNOW smart cities business, where he focused on utility strategy and integrated energy solutions. Before joining Panasonic, Matthew held policy development, consulting and operations roles at Rocky Mountain Institute, Pecan Street Inc., Austin Energy, and the California Public Utilities Commission. Matthew has a master of science in urban planning from Columbia University.
In a decision that rapidly rippled throughout the electricity generation community—the Federal Energy Regulatory Commission (FERC) issued an order terminating its docket intended to review the Department of Energy’s notice of proposed rulemaking (NOPR). The NOPR, widely recognized as an attempt to shore up uneconomic coal and nuclear, was rejected for failure to establish a sufficient record that current wholesale rates are unjust and unreasonable, as required by the Federal Power Act. Following the final 2017 tax bill – which included amendments largely saving tax equity investment in renewable projects - this week’s FERC order sends a strong signal to the market, and one that should inform President Trump’s final remedy decision in the ITC solar trade case. Here are five key points to consider: