An industry executive said plainly that losing the subsidy will kill almost all new construction because it makes the power too expensive. One wind energy manufacturer in Colorado is promising large layoffs if the subsidy isn’t renewed.
The partisan battle over the cause of the increase in gasoline prices has escalated as the average price of a gallon has crept closer to $4, with Republicans accusing President Obama for investing too much in alternative sources of energy at the expense of conventional fuels and Democrats blaming geopolitics and instability around the Persian Gulf. Now comes a survey from the Pew Research Center for the People and the Press suggesting that more Americans may be moving toward the Republican way of thinking on conventional energy.
New Mexico is expected to repeal a rule today that would have established a carbon cap in the state. The move culminates a multiyear fight between supporters who said the cap would have made the state a leader on climate change and opponents who said it would limit economic growth. The state cap would have taken effect in 2013 and required 3 percent annual cuts in carbon dioxide emissions below 2010 levels.
“Do you want the story of how I got rich and ran for governor? It’s kind of a funny story.” That’s how former Maine Gov. Angus King, in a 2009 interview, described his entry into the world of energy conservation in the late 1980s — a decision that would ultimately make him millions of dollars and pave the way for his successful 1994 gubernatorial bid.
Governor Dennis Daugaard has vetoed a bill that sought to refund about half the construction taxes for large wind energy projects and an environmental upgrade at Big Stone Power Plant.
The Obama administration’s plan to use power marketing administrations to upgrade the transmission grid and bolster renewables and cybersecurity is likely to meet stiff opposition from Republicans on a House Natural Resources subcommittee this week. Officials from four federal power administrations, the U.S. Geological Survey and the Bureau of Reclamation are scheduled to testify before the House Water and Power Subcommittee tomorrow about President Obama’s fiscal 2013 budget request.
The Obama administration announced plans today to use federal power marketing administrations to lead the way in upgrading the transmission grid, bolster renewables and serve as “test beds” for new cybersecurity technologies. Energy Secretary Steven Chu outlined the strategy in a memo on how the organizations can leverage partnerships, rate-making power and financing to upgrade transmission and install new technologies to make the system more reliable, secure and accessible for renewable power generators.
In what has become a weekly ritual, President Obama on Thursday defended his administration’s energy policy, in the face of relentlessly rising gasoline prices, to an American public that believes he can do more to ease the pain at the pump. Mr. Obama cycled through now-familiar themes, promoting his record of increased domestic oil and gas production; stricter fuel-efficiency standards for cars and trucks; and investments in alternative sources of energy, like biofuels, wind and solar power. The administration’s energy policy has been the focus of many speeches the president has given in recent weeks.
After the Senate rejected a measure this week to extend federal incentives for energy development on a largely party-line vote, a bipartisan group of senators is floating a narrower bill to extend a coveted tax break through the end of 2014.
The legislation proposed yesterday would extend for two years the wind-energy production tax credit, which provides project developers a tax deduction of 2.2 cents per kilowatt-hour. With the credit scheduled to expire Dec. 31, the wind industry has spent several months lobbying for an extension, arguing that the project pipeline will dry up if companies can’t count on the PTC being there next year.
On Thursday, March 8, Michigan Senator Debbie Stabenow introduced an amendment to a transportation bill (S.1813) that would have extended the production tax credit for the wind energy industry. Renewable energy advocates have said the tax credit is crucial to keep the industry moving and to allow the emergence of an offshore wind industry.