ISO-New England Looking To Biden For Help -- Two Arrows Left In His Quiver -- October 31, 2022

From multiple sources, including NBC:

Eversource CEO Joe Nolan wrote a letter to President Joe Biden last week warning of the possibility of power outages this winter if steps aren't taken to expand the country's natural gas supply.

In his letter, dated Oct. 27, Nolan said New England might not have enough natural gas to meet the region's electricity supply if this winter is colder than anticipated.

"ISO-New England, the region’s electricity grid operator, and the Federal Energy Regulatory Commission have acknowledged for many months that New England will not have sufficient natural gas to meet power supply needs for the region in the event of a severe cold spell this winter," he said. "This represents a serious public health and safety threat."

"Consumers in New England are already experiencing skyrocketing electricity and gas costs given supply constraints and global price pressures following the Russian invasion of Ukraine," Nolan added. "As the governors of the New England states mentioned in their letter to the Administration on July 27, New England’s energy situation will have significant implications for customers of all types."

He urged Biden to use the federal government's emergency powers to take steps to ensure that adequate fuel resources will be available in the event of a colder than expected New England winter.

I assume the only arrow left in Joe Biden's quiver is a US ban / limit on LNG gas exports to Europe. There are now a glut of LNG tankers headed to Europe to destinations that no longer have storage capacity. 

I expect Joe Biden to make a speech along this line. No doubt, his folks drafted the letter for the EverSource CEO to write, to give Biden cover for the next executive order.

There is one last arrow in the Biden quiver but that would cost the Dems a lot of votes, so don't expect that to ever happen: waive the Jones Act.