3 new Republican members join Energy and Natural Resources

Source: Nick Juliano, E&E reporter • Posted: Friday, January 4th, 2013

The Senate Energy and Natural Resources Committee will add three Republican members this year, including two conservative freshmen, GOP leadership announced today. Sens. Jeff Flake (R-Ariz.) and Tim Scott (R-S.C.), two of their party’s more conservative members, will join the panel, while Sen. Lamar Alexander (R-Tenn.) will return to the committee after a stint on Environment and Public Works, which he is leaving. They will be taking over for Sens. Bob Corker (R-Tenn.), Rand Paul (R-Ky.) and Daniel Coats (R-Ind.).

The fiscal cliff deal helped wind power. But our wind policy is still insane.

Source: Brad Plumer, Washington Post • Posted: Friday, January 4th, 2013

As part of the bargain, Congress extended a key tax credit for wind power for another year — at a cost of some $12 billion over 10 years. Not only that, but Congress made a small tweak: Wind producers won’t have to finish their projects by 2013 to qualify for the production tax credit. They’ll just have to begin building this year. That’s a crucial change that could give the U.S. wind industry a boost in the decade ahead. But even with the tax credit renewal, the wind industry is still likely to slump next year. And that’s partly because congressional support for wind is extremely erratic — never steady, and always on the verge of expiration.

Opinion: Sen. Bernie Sanders Defends Wind Industry Subsidies

Wall Street Journal • Posted: Friday, January 4th, 2013

I have been trying to figure out what principle underlies your opposition to encouraging the development of clean, renewable energy sources that create American jobs and could help us avoid the planetary calamity of global warming. Are you really worried about budget deficits? While railing against modest incentives for wind energy, you say nothing of the more than $113 billion in federal subsidies that will go to fossil-fuel industries over the next 10 years alone. These subsidies benefit some of the wealthiest corporations on the planet, including the five largest oil corporations, which made a combined profit of $1 trillion over the last decade.

Interior seeks industry interest in N.Y. coastal waters

Source: Phil Taylor, E&E reporter • Posted: Friday, January 4th, 2013

The Obama administration today said it is gauging industry interest in developing wind power in a 127-square-mile area off the coast of New York, where a state power organization has proposed building a 350-megawatt wind farm. If no other parties are interested in developing the area, the Interior Department said it would consider granting the New York Power Authority the exclusive right to build a project.

Wind Power Changes Iowa Landscape In Multiple Ways

Source: by SONARI GLINTON, Morning Edition • Posted: Friday, January 4th, 2013

Despite their frustration with Congress, some farmers are relieved, but not because of the money they make on their crops. In part of the fiscal cliff deal, Congress extended a tax credit that benefits the wind energy industry. And that is today’s bottom-line in business. The landscapes of Midwestern farm states have changed dramatically, due to wind power. As NPR’s Sonari Glinton reports, wind has also changed the landscape economically and politically.

The Wind Industry Gets to Draw Another Breath

Source: By MATTHEW L. WALD, New York Times • Posted: Friday, January 4th, 2013

In the last-minute tax maneuvering in Congress this week, wind power came out well. Wind not only got an extension of its tax credit in the federal budget compromise, but the rules were also restructured: while the extension runs for only one year, the nature of the deadline has changed. Projects do not need to be finished and feeding electricity to the grid by next New Year’s Eve; construction only needs to be started.

Wind tax credit is extended a year

BLOOMBERG NEWS • Posted: Thursday, January 3rd, 2013

A one year extension of the U.S. tax credit for wind power, part of the budget compromise Congress passed Tuesday, will save as many as 37,000 jobs in an industry that is expected to stall this year, the American Wind Energy Association estimates. The production tax credit was due to expire at the end of 2012. It will cover all wind projects that start construction in 2013.

‘Cliff’ deal extends energy tax incentives

Source: Nick Juliano, E&E reporter • Posted: Thursday, January 3rd, 2013

The one-year extension to the wind production tax credit delivers a big win for the industry that had made winning a PTC lifeline its top priority. The broad fiscal cliff deal included language extending the PTC deadline through the end of this year and modifying its requirements to allow projects to be eligible for the credit as long as construction begins by the deadline — a change that also benefits geothermal, hydropower, biomass and waste-to-energy developers that can claim the credit. The new language means, in effect, that wind developers have more certainty as they plan projects that would go into service over the next two years, because of the planning horizon inherent in such projects. Before the change, projects had to be “in service” and sending electricity to the grid before developers could claim the credit.

With Congress at its back, wind power industry pushes ahead

Source: Daniel Cusick, E&E reporter • Posted: Thursday, January 3rd, 2013

While the eleventh-hour PTC extension will help keep the wind energy industry afloat, it did not ameliorate damage already done to an industry where investment activity shrank from robust levels at the end of 2011 to a near standstill by early December, when hopes for a stand-alone extension in the increasingly fractious Congress were nearly extinguished. In the ensuing months, dozens of wind power companies, including turbine, blade and tower manufacturers, scaled back or even shuttered operations in the United States in anticipation of the expiring tax credit. Vestas, the world’s largest turbine manufacturer, said yesterday that it expected a significant dropoff in wind turbine installations in 2013, even with the PTC extension. However, the industry will be stronger than it would have been if Congress had let the subsidy expire, the Danish company said.

Hope springs eternal, but reality likely to intrude — and soon

Source: John McArdle and Nick Juliano, E&E reporters • Posted: Thursday, January 3rd, 2013

Bledsoe noted that Sens. Ron Wyden (D-Ore.) and Lisa Murkowski (R-Alaska), who will be leading the Senate Energy and Natural Resources Committee in the 113th Congress, have repeatedly stressed their close personal friendship and their desire to make the next Congress a productive one on the panel. “There’s every reason to believe that an energy bill can move forward,” at least in the Senate, he said. “It strikes me that a package that included increased access to domestic oil and gas reserves in tandem with more robust energy efficiency standards could strike the right balance to gain broad bipartisan support in both chambers because both of those measures are good for the economy. A Wyden aide said the incoming energy chairman hopes for some successes in the new Congress.

“Senator Wyden isn’t going to give up trying to advance better policies, including overhauling energy incentives,” Wyden spokesman Keith Chu said in an email. “Given that those incentives were once again extended in piecemeal, short-term fashion, it’s even more important that Congress work on a permanent solution, to replace the boom-and-bust cycles and uncertainty that have plagued the energy sector.”