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Binz withdraws from consideration as FERC chair

Ron Binz, President Barack Obama’s pick to the lead the Federal Energy Regulatory Commission, has withdrawn his name from consideration to the post. Binz said in a statement that it appeared his nomination “would not be reported favorably by the Senate Energy and Natural Resources Committee.”

“I am withdrawing so the President can move forward with another nominee, allowing the FERC to continue its important work with a  full complement of commissioners,” Binz said in the statement.

Binz is described in media reports as a Democrat and advocate for renewable energy. He is currently the head of a regulatory consulting firm called Public Policy Consulting and served as chair of the Colorado Public Utilities Commission from 2007 to 2011.

He had met opposition from Republicans on the committee as well as Sen. Joe Manchin, D-W.Va., because of concerns Binz would support renewable energy at the expense of coal, according to Bloomberg. Manchin has at odds with Obama’s energy policy and is a strong supporter of coal-fired power generation.

The White House has not yet named a replacement, according to a report from Bloomberg.

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