News

Grassley: Lobbyists Employ ‘Double Standard’ on Energy Subsidies

Source: By JACK FITZPATRICK, Morning Consult • Posted: Thursday, June 16th, 2016

Sen. Chuck Grassley on Tuesday accused those who oppose wind energy tax credits of employing a double standard, pointing to “market-distorting” benefits to other electricity sources such as nuclear power. The Iowa Republican butted heads with representatives from the U.S. Chamber of Commerce and American Enterprise Institute at a Senate Finance Committee hearing. Karen Harbert, CEO of the Chamber’s Institute for 21st Century Energy, testified that the production tax credit for wind power, which Grassley has championed since 1992, undercuts fossil fuels and cleaner nuclear power.

Democrats launch filibuster over gun control

Source: Emily Yehle and George Cahlink, E&E reporters • Posted: Thursday, June 16th, 2016

Sen. Chris Murphy (D-Conn.) vowed to keep talking on the Senate floor today until Republican leaders agree to consider gun control amendments, throwing a wrench into plans to pass the Commerce, Justice and Science Subcommittee spending bill. Murphy and some fellow Senate Democrats are “holding the floor,” preventing consideration of any other amendments and complicating passage of the $56.3 billion package.

Party-line vote sends Interior-EPA bill to the House floor

Source: Amanda Reilly and Scott Streater, E&E reporters • Posted: Thursday, June 16th, 2016

The House Appropriations Committee voted 31-18 along party lines today to advance a spending bill for the Interior Department and U.S. EPA that carries policy riders aimed at quashing Obama administration regulations. Appropriators approved the spending bill a day before the Senate Appropriations Committee is scheduled to take up its own measure. The House legislation spearheaded by Rep. Ken Calvert (R-Calif.) will now move to the floor, where GOP leaders have said they would limit debate in a bid to increase the chances for passing spending bills.

Key lawmakers promise to keep talking on bill conference

Source: Geof Koss, E&E reporter • Posted: Wednesday, June 15th, 2016

Top House and Senate lawmakers huddled behind closed doors yesterday evening to discuss how a formal conference committee might reconcile the chambers’ competing energy reform packages. Even though they didn’t say much afterward, the meeting went well enough for them to promise more talks.

Batteries Storing Power Seen as Big as Rooftop Solar in 12 Years

Source: By Anna Hirtenstein, Bloomberg • Posted: Wednesday, June 15th, 2016

atteries capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionizing the way consumers use energy. That’s the the conclusion of Bloomberg New Energy Finance, which forecasts the battery market may be valued at $250 billion or more by 2040. It expects 25 gigawatts of the devices to be deployed by 2028, about the size of the small-scale photovoltaic industry now.

America needs legislators to support America’s fastest growing job

Source: By Auston Van Slyke, The Hill • Posted: Wednesday, June 15th, 2016

This American success story is in large part due to production-based federal policy supported by both Republicans and Democrats. It’s a great example of a bipartisan collaboration, and a legacy this Congress should be proud of. To keep this success story going, we need legislators to continue to support homegrown, well-paying jobs like these.

GAO finds other countries prepare for climate change better than U.S.

Source: Jean Chemnick, E&E reporter • Posted: Wednesday, June 15th, 2016

The United States can learn from other countries’ efforts to shore up defenses against climate change and limit disaster response costs, according to a new report by the Government Accountability Office. The report released yesterday looked at steps taken to adapt to climate change by five foreign governments: the European Union, Mexico, the Netherlands, the Philippines and the United Kingdom.

Forecast projects $7.8T market growth by 2040

Source: Christa Marshall, E&E reporter • Posted: Wednesday, June 15th, 2016

Persistent low oil and gas prices will not block ballooning growth in renewables, batteries and energy storage in the next two decades, according to a new forecast from Bloomberg New Energy Finance. The research group’s annual New Energy Outlook for the 2016-40 period slashes forecasts for coal and gas prices from last year by at least 30 percent because of an ongoing supply glut. Even so, declining costs in generation for wind and solar through 2040 could make those two technologies the cheapest way to produce electricity “in many countries during the 2020s and in most of the world in the 2030s,” the group said.

Solar, wind costs could fall up to 59 percent by 2025, study says

Source: By Nina Chestney;, Reuters • Posted: Wednesday, June 15th, 2016

The average cost of electricity generated by solar and wind energy could fall by up to 59 percent by 2025 if the right policies are in place, a report by the International Renewable Energy Agency (IRENA) said on Wednesday. Since 2009, solar photovoltaic (PV) module prices have fallen by 80 percent and wind turbine prices have fallen by around 30-40 percent as renewable energy capacity has grown to record levels and technologies have improved.

Construction Of Largest U.S. Wind Farm Is On Hold

Source: By LEIGH PATERSON, INSIDE ENERGY • Posted: Wednesday, June 15th, 2016

The company behind the largest proposed wind farm in the country, in Carbon County, says that uncertainty around Wyoming’s wind tax policy is making it more difficult to invest in wind. Wyoming is the only state in the country that taxes wind energy production and is considering raising that tax, a move which could ultimately deter future wind projects.