News

Cost to Replace California Nuclear With Solar: $15 Billion

Source: By Jim Polson and Mark Chediak, Bloomberg • Posted: Thursday, June 23rd, 2016

PG&E Corp.’s plan to shut California’s last nuclear power plant by 2025 would cost $15 billion if all its output is replaced with solar-generated electricity at current prices, according to Bloomberg Intelligence analysts. Actual costs could be lower because the company expects to account for reduced demand and replace only part of the plant’s production, energy policy analyst Rob Barnett said Wednesday in an interview. PG&E plans to use a mix of renewables, storage and energy conservation in place of the Diablo Canyon nuclear complex, the utility’s chief executive officer, Tony Earley, said Tuesday.

Mont. energy plan straddles line between coal, renewables

Source: Emily Holden, E&E reporter • Posted: Thursday, June 23rd, 2016

Montana Gov. Steve Bullock, a Democrat facing re-election challenges, released an energy blueprint yesterday that he said is aimed at protecting coal jobs while embracing renewable power and energy efficiency. The state holds more coal reserves than any other — making the future of the energy sector a big election-year issue (ClimateWire, March 10). Montana is also grappling with what to do with its large Colstrip coal plant, which is facing environmental regulations and financial pressures as some co-owners eye exit strategies.

Va.’s offshore wind prospects weather financial doldrums

Source: Daniel Cusick, E&E reporter • Posted: Thursday, June 23rd, 2016

Just last year, Virginia was poised to become the first U.S. state to tap the Atlantic coast’s offshore winds. That’s when Dominion Resources Inc., the commonwealth’s largest electric utility, doubled down on its promise to build a 12-megawatt wind power facility 25 miles off Virginia Beach, with notions of eventually siting hundreds of turbine towers across a swath of open ocean. But if Virginia was first out of the gate in its pursuit of offshore wind power, it has fallen far behind today as it watches a handful of other Atlantic states put “steel in the water” much more quickly than Dominion.

Cantwell cites ‘good progress’ after latest conference huddle

Source: Geof Koss, E&E reporter • Posted: Thursday, June 23rd, 2016

Sen. Maria Cantwell (D-Wash.) struck a more positive tone on negotiations to go to conference with the House on energy after meeting with top House and Senate lawmakers this morning, but stopped short of saying she’s ready to vote to launch formal talks. The ranking member on the Senate Energy and Natural Resources Committee described “good conversations” with Energy Chairwoman Lisa Murkowski (R-Alaska); House Energy and Commerce chairman Fred Upton (R-Mich.) and ranking member Frank Pallone (D-N.J.); and House Natural Resources Chairman Rob Bishop (R-Utah) and ranking member Raúl Grijalva (D-Ariz.).

Denmark hits pause button on wind farms

Source: By Wall Street Journal • Posted: Wednesday, June 22nd, 2016

The Danish Parliament is considering delaying the construction of new wind farms as it prepares to end an electricity tax for renewable energy. The Wall Street Journal’s editorial board called it a sign that “economic and political reality is catching up with Europe’s green ambitions.” The European Commission ruled that Denmark’s green levy on electricity bills violated E.U. rules in 2014. The levy contributes to energy bills that are the highest in Europe. Parliament is considering ending the levy altogether rather than fixing it.

Bipartisan House group urges Interior to finish leasing rule

Source: Scott Streater, E&E reporter • Posted: Wednesday, June 22nd, 2016

A bipartisan House coalition urged Interior Secretary Sally Jewell today to finalize a proposed rule that would establish competitive leasing for renewable energy projects on federal lands across the West. Fourteen House members led by California Reps. Paul Cook (R) and Alan Lowenthal (D) wrote in a three-page letter to Jewell that completion of the rule unveiled in 2014 is critical to continue the unprecedented effort by the Obama administration to develop commercial-scale solar, wind and geothermal projects on federal lands.

Elon Musk Aims to Shore Up SolarCity by Having Tesla Buy It

Source: By MICHAEL J. de la MERCED and PETER EAVIS, New York Times • Posted: Wednesday, June 22nd, 2016

Elon Musk has built an ambitious business empire on three pillars: electric cars, solar energy and space travel. Now, the billionaire entrepreneur is trying to shore up his embattled solar panel provider by merging it with the electric carmaker. His Tesla Motors said on Tuesday that it had offered to buy SolarCity in an all-stock deal, one that could value the latter at as much as $2.8 billion. The aim, Mr. Musk argues, is to create a renewable-energy giant, collecting clean electricity and putting it to work propelling cars.

California’s Last Nuclear Power Plant Could Close

Source: By DIANE CALDWELL, NEW YORK TIMES • Posted: Wednesday, June 22nd, 2016

California, among the first states to embrace nuclear energy in the 1950s, may be breaking things off for good. Under a proposal announced on Tuesday, Pacific Gas and Electric would shutter the Diablo Canyon Power Plant, the state’s last operating nuclear facility, and would compensate for the lost output with technologies that do not emit greenhouse gases, including renewable energy.

Enviros urge Senate Dems to sink conference

Source: Geof Koss, E&E reporter • Posted: Wednesday, June 22nd, 2016

The pressure from environmentalists raises new questions about whether there will be 60 votes in the Senate to go to conference, a vote that Energy and Natural Resources Chairwoman Lisa Murkowski (R-Alaska) said yesterday could happen as soon as tomorrow. Murkowski noted that she and ranking member Maria Cantwell (D-Wash.) would meet with House Energy and Commerce Chairman Fred Upton (R-Mich.), House Natural Resources Chairman Rob Bishop (R-Utah) and their respective ranking members, Democratic Reps. Frank Pallone of New Jersey and Raúl Grijalva of Arizona.

Zika aid seen as only spending deal likely to emerge soon

Source: George Cahlink, E&E reporter • Posted: Wednesday, June 22nd, 2016

Congress seems unlikely to wrap up its annual appropriations work until later this year, but lawmakers from both parties are eager to strike a quick deal on a Zika funding package. House Minority Leader Steny Hoyer raised fresh doubts yesterday over whether Congress will complete its fiscal 2017 work before December, leaving federal agencies to operate under current funding for at least the first three months of the new fiscal year.