News

Iowa Wind entrepreneur to have featured role in Monday’s ceremonies

Source: Jennifer Yachnin, E&E reporter • Posted: Friday, January 18th, 2013

The Presidential Inaugural Committee today announced eight “citizen co-chairs” of next week’s 57th inaugural ceremonies — including the owner of an Iowa wind energy company. The eight will attend the main inaugural ball and ride the “Our People, Our Future” float in the inaugural parade.

Calif. reaches out to neighbors in push for green power

Source: Anne C. Mulkern, E&E reporter • Posted: Friday, January 18th, 2013

California is looking beyond its borders for green power as it reaches to meet the country’s highest renewable energy mandate. The Golden State’s grid manager has just linked with a Nevada power group and is studying whether to team up with a second electricity authority in the adjoining state.

N.J. to host first leg of Atlantic ‘backbone’ for offshore wind

Source: Nathanael Massey, E&E reporter • Posted: Thursday, January 17th, 2013

The first leg of a 350-mile-long underwater transmission line that would run power to and from offshore wind turbines along the Atlantic Coast will be laid in New Jersey, its developers announced yesterday. The decision marks an important step in the construction of the Atlantic Wind Connection, the “backbone” transmission project that would carry electricity from New York to Virginia. The New Jersey Energy Link, the first phase of the AWC, would run submerged cable over about half that distance, from Jersey City to Atlantic City.

Iowa: WIND ENERGY: Pushing For More Legislation

Source: by Kayleigh McCullough, WHO • Posted: Thursday, January 17th, 2013

Wind energy advocates took over the Statehouse Wednesday to push their agenda. The annual Wind Energy Day is put together by the Iowa Wind Energy Association. This session the Association is asking legislators to consider several new laws that would benefit the industry. One of those laws would give individual and corporate income tax credits to small scale residential, commercial and agricultural wind energy systems. Another would allow schools to use funds to repair wind turbines.

Interior Secretary to Step Down in March

Source: By JOHN M. BRODER, New York Times • Posted: Thursday, January 17th, 2013

Ken Salazar, the blunt-spoken lawyer and rancher who took over the scandal-ridden Interior Department at the outset of the Obama administration, said Wednesday that he would step down in March to return to his home in Colorado.

Breaking New Ground on Grid Rules

Source: By MATTHEW L. WALD, New York Times • Posted: Wednesday, January 16th, 2013

Among the “firsts” being tried by the Atlantic Wind Connection, the venture seeking to build an electric transmission line from southern Virginia to northern New Jersey, is negotiating the regulatory system. The problem is that the cable, which would be buried under the seabed, is what grid officials call a “multidriver project,” or a project that is undertaken for more than one reason — something that those officials have little experience with. To be built, the project must win the approval of the regional grid association, the PJM Interconnection. (The letters used to stand for Pennsylvania-Jersey-Maryland, but the organization now extends into all or part of Virginia, West Virginia, Delaware, Ohio and Illinois.) And PJM has three different systems for approving lines and apportioning their costs.

Developer plans wind transmission line off N.J. coast

Source: E&E • Posted: Wednesday, January 16th, 2013

A private developer with plans to build a chain of offshore wind farms along the East Coast announced plans today to build its first section of underwater transmission lines off the coast of New Jersey in 2016.

Calif.’s renewable energy rules created a boom, and now also a bust

Source: Anne C. Mulkern, E&E reporter • Posted: Wednesday, January 16th, 2013

California’s renewable energy mandate has fueled growth of green power so swiftly that utilities here won’t need to buy much more for several years, officials said yesterday. Pacific Gas and Electric Co. (PG&E), Southern California Edison (SCE) and San Diego Gas & Electric Co. (SDG&E) all are on track to hit the state’s 33 percent renewable portfolio standard (RPS) by 2020. They’ll reach that target with energy already under contract, creating a bust for developers that were hoping for continued growth, experts said at the American Wind Energy Association’s (AWEA) regional summit

Lawmaker looks to broader reform debate to pass bill eliminating energy credits

Source: Nick Juliano and Manuel Quinones, E&E reporters • Posted: Wednesday, January 16th, 2013

Rep. Mike Pompeo (R-Kan.) yesterday reintroduced legislation aimed at eliminating tax credits for energy producers and suggested he could support broadening the scope of his effort to also target other incentives, such as deductions enjoyed by the oil and gas industry, in an effort to attract bipartisan support to eliminate all energy-related favors as part of a broader tax reform push. Pompeo’s bill, H.R. 259, introduced yesterday with 11 Republican co-sponsors, is virtually identical to legislation he introduced in the previous Congress. It would eliminate more than a dozen tax credits, most notably the production tax credit for wind and other renewable sources, as well as credits for biodiesel, alternative fuels and electric cars.

Treasury, IRS preparing guidance to clarify renewable credit eligibility

Source: Nick Juliano, E&E reporter • Posted: Wednesday, January 16th, 2013

The Treasury Department and IRS are preparing joint guidance to flesh out the implications of a significant tweak to a key renewable energy tax cut that was signed into law this month, an official said yesterday. The timing of the guidance on the new eligibility requirements for the production tax cut remains unclear. Treasury and IRS need to determine how exactly to define when wind and other renewable energy developers can claim the credit after Congress approved a change to its eligibility requirements.