A nonpartisan panel of congressional tax experts has determined that a bill to extend a tax break popular among fossil fuel companies to clean energy firms would cost about $1.3 billion over a decade, an aide to the bill’s sponsor said this afternoon. The Joint Committee on Taxation delivered its score this week to Sen. Chris Coons (D-Del.), who earlier this year introduced the “Master Limited Partnerships Parity Act,” which is seen as a candidate for inclusion in a broader tax reform package.
Five miles off the coast of South Padre Island lays the beginning of the Gulf Offshore Wind Project, which developers like to refer to by the optimistic acronym GOWind. Right now the only thing marking the 41,000 acres in the Gulf of Mexico that have been leased is a buoy recording the paths of the birds and bats flying overhead. But in three years’ time, a team including university professors and a former British oil executive is hoping to have the nation’s first commercial scale wind farm installed and eventually generating enough power for 1.8 million homes – at least when the wind is blowing.
Sen. David Vitter (R-La.), the ranking member on the Environment and Public Works Committee, has asked the Office of Management and Budget to calculate how much revenue the government receives from various energy sources — such as oil and gas revenues — compared to what it spends through grant programs and tax benefits to energy providers.
But the president’s aides didn’t quite see Chu that way. He might have been the only Obama administration official with a Nobel other than the president himself, but inside the West Wing of the White House Chu was considered a smart guy who said lots of stupid things, a genius with an appallingly low political IQ—“clueless,” as deputy chief of staff Jim Messina would tell colleagues at the time.
Democratic gubernatorial candidates Annette Dubas and Chuck Hassebrook pledged their support Friday for aggressive development of wind energy in Nebraska. Republican Tom Carlson, the third gubernatorial candidate who addressed the closing session of the 2013 Nebraska Wind Conference, said wind energy development is needed, but he believes “we ought to use the coal and oil available to us until it’s gone.”
California is leading what could become a nationwide charge to manage instability in the aging U.S. electric grid brought on by large penetrations of wind and solar power as it combats climate change. The Golden State’s grid operator, the California Independent System Operator (ISO), in a report laid out solutions for challenges that could crop up during the integration of an anticipated 11,000 megawatts of new wind and solar — equal to the amount of 22 midsized coal plants — during the next eight years.
Kansas Republican Rep. Mike Pompeo leads a bipartisan coalition calling for the end of wind subsidies as Congress considers allowing wind tax credits to expire at the end of the year. Pompeo and 51 other lawmakers, including West Virginia Democratic Rep. Nick Rahall, sent a letter to the House Ways and Means Chairman Dave Camp, urging him to reject extending the Wind Production Tax Credit. “The growth in wind is driven not by market demand, but by a combination of state renewable portfolio standards and a tax credit that is now more valuable than the price of the electricity the plants actually generate,” reads the letter to Camp.
Fiscal hawks in Congress are pushing to end a federal energy tax credit for the wind industry set to expire at the end of the year. Rep. Mike Pompeo (R., Kansas) and 51 other members of the House are asking the House Ways and Means committee not to renew the wind energy production tax credit (PTC).
Facebook announced yesterday that it’s been helping to develop an Iowa wind farm to cover the energy use of a new data center. The center’s scheduled to open in early 2015, and, Facebook says, “we expect it to be supplied by 100% renewable energy, as tracked by renewable energy certificates, from a new wind project in nearby Wellsburg, Iowa.”
Lawyers for billionaire Donald Trump are seeking to overturn the Scottish government’s approval of an offshore wind project. The proposed 11-turbine wind farm would be located near Trump’s golf course and property development near Aberdeen. According to the U.S. developer, the turbines would ruin the view from his golf course and proposed hotel and housing.