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Emmet Penney

Emmet Penney is a senior fellow at the Foundation for American Innovation.
Articles by Emmet Penney

Democracy Means Agreeing with Me: Electrification Past and Present

The American grid is in trouble. For years, our country has been retiring reliable power plants and building unreliable wind and solar resources. Moreover, most of the country’s power gets allocated in complex power markets where decisions are made beyond the public eye. And areas without markets still fall beneath the aegis of utilities, leviathans who toss their weight around in state politics and often get caught up in corruption schemes. These were problems when America’s power demand stayed flat for decades. Even then, potential solutions felt more like a dizzying labyrinth of rules, regulations, interest groups, and technical minutiae. A new reality of increasing power demand has only intensified both the need for grid reform and the difficulties of even understanding what needs reformation…

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David Lilienthal: The Man Who Managed the American Century

Today, a growing number of voices call for a new American consensus that looks more like the corporatist world of the New Deal and post–World War II decades. If our present ambitions are to be modeled off this bygone era, however, then it would behoove us to investigate the lives and legacies of the men who made it so. David E. Lilienthal was one of them, and he embodies the New Deal era’s greatest successes and aspirations as well as its most troubling failures and missteps…

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Enron after All: A History of Our Broken Energy Paradigm

Enron, the Houston-based energy giant that fell on the sword of its own greed in the early 2000s, has become a symbol of financialization and corruption. When people discuss Enron today, they think of its stock market implosion and accounting fraud—and now, thanks to Sam Bankman-Fried, crypto. It’s synonymous with con men. Less attention is…

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The Rise and Fall of the American Electrical Grid

The American electrical grid can no longer be relied upon to supply the public with the power it needs to get through the day. In 2020, California saw brownouts caused by an overinvestment in renewables and an underinvestment in reliable power. The Golden State pays 80 percent more in electricity prices than the rest of the country. Texas’s blackouts during the Uri ice storm a year later killed seven hundred Texans and cost the state hundreds of billions of dollars. In July of this year, the Texas regulator warned…

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Who Killed Nuclear Energy and How to Revive It

America wants to decarbonize. Tackling climate change has broad public support. The primary avenue we’re pursuing to achieve this goal is the decarbonization of our electricity system and “electrifying everything.” This is more than achievable; indeed, we have historical prece­dents. France’s nuclear buildout, beginning in the 1970s, achieved the greatest decarbonization in human history; since…

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