The Cape Wind project suffered a major blow yesterday when two utilities opted to terminate agreements to purchase power from the planned offshore wind farm.Northeast Utilities and National Grid had agreed to purchase more than 75 percent of the power produced by Cape Wind’s planned 130-turbine wind farm in Nantucket Sound. Today, the utilities attributed their decision to terminate the contract to Cape Wind’s failure to meet a Dec. 31 financing deadline for the $2.5 billion project.
Cape Wind, a massive wind farm proposed in Nantucket Sound, has been dealt a setback that threatens its finances and throws into doubt whether it will become the nation’s first such offshore project. NStar and National Grid, the two largest utilities in Massachusetts, which had agreed to buy three-fourths of the wind farm’s power, said late Tuesday that they were canceling their contracts because Cape Wind had failed to meet a Dec. 31 deadline to complete financing and begin construction.
Writing on behalf of the 23-state coalition, Daugaard and Inslee urged Obama to “expand the nation’s wind energy production and improve the resilience of our energy system.” Among the recommendations, the governors asked Obama to push for a multiyear extension of the renewable energy production and investment tax credits. “These incentives have made possible the robust growth of the American wind industry and clean energy jobs, with substantial economic return to our states and the nation,” they wrote. The letter also asked for Obama to support the governors’ efforts to expand national transmission development both offshore and onshore. “Today’s transmission system is inadequate for the electrical demands of the states’ modern information-based economies,” they said. “Revitalization of the electrical transmission system must be accomplished on a multi-state basis with leadership from both you and the governors.”
Wind power companies have spent more than $532 million on projects in Maine over the past eight years and are poised to spend an additional $745 million over the next four, an industry trade group said Tuesday in a report summarizing the economic impact of wind energy in the state between 2006 and 2018.
U.S. EPA’s air chief appeared to hint today that her agency might include language in its final version of the Clean Power Plan that would soften state carbon reduction responsibilities in the short term. In a post on EPA’s blog this afternoon, Assistant Administrator for Air and Radiation Janet McCabe hit back at criticisms that the June 2 draft rule would be costly and affect grid reliability by citing her agency’s release in October of a document asking for comment on whether to loosen the proposal’s interim state targets.
Clean-energy programs initiated by Gov. Jerry Brown and governors before him have California already well on its way to meeting his new goals for reducing the use of climate-changing fossil fuels, industry experts and state officials said Tuesday. Pushing programs such as high-speed rail, for which Brown broke ground on Tuesday in Fresno; increasing the standard for gas-powered cars to 35 miles per gallon; and ramping up use of electric cars and other vehicles powered by alternative fuels would all help get California to Brown’s goals on time, state clean-air officials and industry representatives said.Brown set promotion of conservation programs and alternatives to oil, gas and coal as a priority for his fourth and final term in his inaugural speech on Monday.
After the drama of electing a new speaker of the House and the changing of control in the Senate, the House on Tuesday approved an obscure but significant rule change requiring the economic effects of legislation to be included in a bill’s official cost to the Treasury. The change on “dynamic scoring” — ardently sought since the 1990s by Republicans — could ease passage of major tax cuts by showing that their impact on economic growth would substantially reduce their cost to the Treasury.
U.S. EPA today struck back at Harvard Law professor Laurence Tribe’s criticism of the agency’s landmark proposal to regulate greenhouse gas emissions from power plants. Tribe, a mentor to President Obama, called the proposal a “breathtaking example” of regulatory “overreach” in comments submitted to EPA on behalf of himself and Peabody Energy Corp., one of the world’s largest coal producers
The Governors’ Wind Energy Coalition is urging President Obama to take the next steps to help states realize their wind energy potential. In a letter sent to Obama, Govs. Dennis Daugaard, R-S.D., and Jay Inslee, D-Wash., urged Obama to take immediate action to help the states harness the full potential of their wind energy resources. “We write to you again today to suggest actions that your administration can take to expand the nation’s wind energy production and improve the resilience of our energy system.”
California Gov. Jerry Brown (D) proposed Monday to cut in half the gasoline and diesel fuel used by vehicles and get half the state’s electricity from renewable sources. Brown set out both proposals in his the inaugural address for his fourth term, as efforts to reduce greenhouse gas emissions from California.