While Sprecher's involvement w/ the NYSE grabs headlines, his Co. is mainly grounded in the energy sector, which also provides much of the weight behind Loeffler's résumé. Despite this background (perhaps because of it) she has never articulated where she stands on energy policy. https://twitter.com/SollenbergerRC/status/1345095574228525057
⬆️⬆️ Sollenberger provided a short, informational THREAD in addition to his article. Check that out.

This is a HUGE hot button for GA that most Georgians are oblivious to. It's everything about why @SenatorLoeffler would want to run for a Senate seat. She's NOT there for GA.
Intercontinental Exchange underpins an astounding array of energy futures exchanges both in the US & globally. Well before Sprecher started the company, he was developing power plants. After the fall of Enron, ICE took its place👈(I still find this interesting)
ICE's subsidy, the NYSE, is itself home to more than 90% of all 👉publicly traded utilities & 👉pipeline companies in the U.S., & many of those use ICE markets to trade and hedge against their energy investments.

🤔
Do we have a Barr connection here?
CA wildfires?

⬇️
To that point, ICE's website claims that "more electric power is traded on ICE than any other electronic marketplace in the world."

👆Isn't this a MAJOR conflict of interest for a US Senator?
My goodness, would you look at this 😈👇

Around the time @KLoeffler was elected to the board of GA Power, the major utility companies in the Southeast secretly began engaging in talks about uniting the region into a single exchange. ⬇️⬇️
The exchange would include Southern Company (the parent of Georgia Power), as well as major players Duke Energy, Dominion and the government-run Tennessee Valley Authority.
The move, according to the larger companies involved, would benefit renewables and wholesale power sellers through a trading mechanism that more readily distributes excess energy capacity across a wider market, which they say will boost renewables and nuclear power. ⬇️
Detractors are skeptical — especially clean energy advocates. Jeff Dennis of Advanced Energy Economy said the new exchange, called the Southeastern Energy Market (SEEM), would mainly benefit larger utilities, eclipsing concerns of smaller companies, renewables & consumers.⬇️
"In general, while the SEEM mechanism might 👉help the sponsoring utilities capture additional revenues for their own largely fossil-fuel-generating plants and squeeze some marginal savings for customers out of the existing system, it accomplishes little else,"

Oh, I see.🤨
Isn't this in monopoly territory? Is this really free trade and competition?
"Compare that to the benefits customers would get from a more integrated & competitive wholesale power market in the region which could generate $19.2 billion in annual regional savings, reducing customer bills by 23% & lowering carbon emissions by 37%, 👈

⬇️
all while creating at least 285,000 new jobs by 2040," Dennis said.

That's a HUGE thing, #Georgia!
Here we go, a "check" on the Biden administration.
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

A check!
To keep their monopoly plans in place.
Where the hell were they to check the Trump administration?

Also, why Mitch needs to retain power.
⬇️⬇️⬇️
But the proposal is far from a done deal. The companies, which want to open the exchange sometime next year, must first get the go-ahead from 👉federal & state regulators.
👁️👁️👉A Biden administration will likely prove a harder sell.

⬇️
That might help explain why ‼️👉Thomas Farrell, CEO of Dominion Power, made a maximum donation to the @SenatorLoeffler campaign last week. Thomas Fanning, CEO of Southern Company, contributed to Loeffler last February + he and his wife made a maximum donation at the end of Nov
⬇️
While @KLoeffler might not have direct oversight over this issue, 👉she can act as an ambassador for their industry, and a GOP-controlled Senate would be able to check the Biden administration.👈 🖕🖕🖕🖕🖕🖕🖕
This joint venture -

Loeffler was at the time (of joining the GA Power Board) CEO of Bakkt, the aforementioned joint venture between ICE, Microsoft and Starbucks.
👁️👁️Loeffler does not sit on the Senate Energy Committee, but as mentioned above she sits on the Agriculture Committee, whose oversight includes issues regarding rural energy development.

(side note - about those pig farmers and farm land being bought up)
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