News

Unable to even define ‘subsidy,’ a gridlocked Senate shoots down energy tax bill

Source: Elana Schor, E&E reporter • Posted: Friday, March 30th, 2012

The Senate turned back a proposal today to end oil and gas industry tax breaks and extend a passel of renewable energy credits, the latest twist in a political spectacle centered on a question worthy of Hamlet: What is a subsidy?

Popular Treasury grant program takes hit as Boehner lashes out at Obama admin

Source: Daniel Cusick, E&E reporter • Posted: Friday, March 30th, 2012

Supporters of the Treasury Department’s Section 1603 renewable energy program have gone to great lengths to explain the many differences between the popular grant-in-lieu-of-tax-credit effort and the controversial Department of Energy loan guarantee program that was responsible for the Solyndra debacle. But those efforts didn’t much matter to House Speaker John Boehner (R-Ohio) today as he lumped the two programs together in a broadside against the Obama administration over stimulus spending and the unemployment rate.

Obama admin to sign agreement promoting Great Lakes wind power

Source: Phil Taylor, E&E reporter • Posted: Friday, March 30th, 2012

The Obama administration today will announce an agreement with states to promote offshore wind power in the Great Lakes, according to an administration source. White House officials are scheduled to join the governors of Illinois, Michigan, Minnesota, New York and Pennsylvania to announce a new agreement among federal and state regulators to streamline reviews of proposed wind farms.

Va. OKs offshore wind turbine in Chesapeake Bay

E&E • Posted: Thursday, March 29th, 2012

Virginia has approved construction of a wind turbine in the Chesapeake Bay that could be the first installed in U.S. waters, Gov. Bob McDonnell (R) announced yesterday.

Midwest poised to become ‘Saudi America’ — economist

Source: Gayathri Vaidyanathan, E&E reporter • Posted: Thursday, March 29th, 2012

“The United States is now going to be the low-cost industrialized country for energy,” he said. “We are going to have a cost advantage of maybe 80 percent in terms of energy, relative to other countries, and this is going to persist for some time.” And given the Obama administration’s biofuels mandate, demand for gasoline will fall at a higher rate in the United States especially once the ethanol blend is cheaper at the gas pump, which will spur the sale of cars that run on a blend, he said. This will feed back to further reduce oil dependence, he said.

EPA’s historic GHG rules make natural gas the ‘gold standard’ for emissions

Source: Tiffany Stecker, E&E reporter • Posted: Thursday, March 29th, 2012

The proposed standards, which now face a 60-day comment period before becoming final, are a logical reflection of today’s markets and the future of electricity generation, explained EPA Administrator Lisa Jackson as she announced the standards yesterday. The action is consistent with a move to cleaner-burning natural gas, “already the technology of choice,” said Jackson. The standards are the outcome of a court settlement reached between the agency and various environmental groups and states in 2010, which also mandates greenhouse gas standards from oil refineries.

Inhofe vows to kill proposed emissions rule as enviros praise it

Source: Jean Chemnick, E&E reporter • Posted: Wednesday, March 28th, 2012

U.S. EPA’s proposal to reduce greenhouse gas emissions from new power plants is barely out of the gate, but Sen. James Inhofe (R-Okla.) has already vowed to kill it.

For New Generation of Power Plants, a New Emission Rule From the E.P.A.

Source: By FELICITY BARRINGER, New York Times • Posted: Wednesday, March 28th, 2012

The Obama administration’s proposed rule to control greenhouse gas emissions from new power plants — the first ever — could go far toward closing out the era of old-fashioned coal-burning power generation. The Obama administration’s proposed rule to control greenhouse gas emissions from new power plants — the first ever — could go far toward closing out the era of old-fashioned coal-burning power generation.
The draft rule, unveiled on Tuesday by Lisa P. Jackson, the Environmental Protection Agency administrator, would limit carbon dioxide emissions from new power plants to 1,000 pounds per megawatt-hour.
The draft rule, unveiled on Tuesday by Lisa P. Jackson, the Environmental Protection Agency administrator, would limit carbon dioxide emissions from new power plants to 1,000 pounds per megawatt-hour.

Forecasts project sustained growth, but at a slower pace

Source: Daniel Cusick, E&E reporter • Posted: Wednesday, March 28th, 2012

Even with projected slower growth after 2012, wind energy could account for as much as 8 percent of the world’s electricity production by 2021, up from the current 2.26 percent of current global electricity production, a new report from the international consulting firm Navigant has found.

Interest grows in Senate for phaseout of production tax credit

Source: Nick Juliano, E&E reporter • Posted: Wednesday, March 28th, 2012

Amid growing pressure to extend a key wind industry tax credit, a growing number of senators are saying they would like to see the credit phased out over several years — a proposal the wind industry said yesterday it could support.