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Governors' Wind Energy Coalition

November 3, 2017

Renewable energy boosters alarmed at GOP bill

Geof Koss, Christa Marshall and George Cahlink, E&E News reporters  •    •  Posted 2017-11-03 06:31:51

The renewables sector is blasting the House plan, saying it endangers billions of dollars in investments. The bill would eliminate a long-term credit for solar, change how wind projects can qualify for incentives and essentially cut the value of the production tax credit in half. If this became law, “it would be very ugly,” said Gregory Wetstone, president of the American Council on Renewable Energy. [ read more … ]

Republican tax bill hits wind power, solar largely unscathed

By Nicola Groom, Reuters  •    •  Posted 2017-11-03 04:47:35

A Republican tax bill unveiled on Thursday included cuts to renewable energy tax credits considered critical to enabling wind projects to compete with fossil fuel plants, but tax breaks for solar power were left largely intact. The credits, which receive broad bipartisan support, were extended by Congress less than two years ago. [ read more … ]

House reneges on tax deal, puts American jobs at risk

By Greg Alvarez, AWEA  •    •  Posted 2017-11-03 04:47:57

The tax bill proposed by the U.S. House contains provisions that would threaten American job growth and energy dominance. By derailing a bipartisan agreement to phase out the wind energy Production Tax Credit (PTC), the House proposal strips away the investment certainty Congress promised wind developers just two years ago. The proposal puts at risk over $50 billion in planned investment supporting manufacturing, rural jobs and homegrown energy growth. [ read more … ]

House Tax Bill Trims Wind Tax Credit, Extends Nuclear Provision

By Ari Natter, Bloomberg  •    •  Posted 2017-11-03 04:48:12

Tax credits cherished by the wind and solar industry remain under a rewrite of the tax code revealed by House Republicans, but the tax overhaul bill would trim the wind energy’s production tax credit by more than a third. [ read more … ]

Fossil-Fuel Friendly Tax Plan Spares Oil, Not Solar or Tesla

By Alex Nussbaum, Bloomberg  •    •  Posted 2017-11-03 04:48:43

While keeping two major credits for wind and solar, the bill would cut the benefit from the wind provision by a third, and wipe out another 10 percent tax credit for commercial-scale solar and geothermal projects after 2027. [ read more … ]

Republican tax overhaul would scrap EV credit

Camille von Kaenel, E&E News reporter  •    •  Posted 2017-11-03 04:49:00

House Republicans proposed eliminating a $7,500 electric vehicle tax credit that automakers have depended on to prop up early sales. The proposal released by the House Ways and Means Committee yesterday would end the tax credit after the 2017 tax year [ read more … ]

Senate approves FERC and DOE picks, sets calendar for others

Sam Mintz and Christa Marshall, E&E News reporters  •    •  Posted 2017-11-03 06:31:34

The Senate yesterday confirmed a group of nominees to top positions at the Federal Energy Regulatory Commission and the Department of Energy, and advanced the nomination of a controversial pick for U.S. EPA’s air office. Among those approved by voice vote were FERC nominees Kevin McIntyre and Richard Glick, who will fill the remaining empty seats on the independent agency’s five-person commission once they are sworn in. [ read more … ]

Chatterjee requires legally defensible action on DOE rule

Rod Kuckro, E&E News reporter  •    •  Posted 2017-11-03 04:49:27

When the Federal Energy Regulatory Commission responds to a proposed rule to value baseload coal and nuclear plants — and potentially provide cash subsidies — Chairman Neil Chatterjee insists that his agency’s action be able to withstand the inevitable legal challenge. “Whatever action we take, I want to be absolutely certain that it will withstand legal scrutiny. And that takes time,” Chatterjee said yesterday during an interview with E&E News reporters. [ read more … ]

DOE official ties resilience proposal to national security

Rod Kuckro, E&E News reporter  •    •  Posted 2017-11-03 04:50:02

Saying the Department of Energy is “delighted” with the interest shown in its proposal to rescue some coal and nuclear plants unable to compete in the market, a senior Trump appointee yesterday said national security considerations demand action by federal regulators. “National security is a winner, no matter how you want to argue about it. And we are picking that,” said Sean Cunningham, executive director of DOE’s Office of Energy Policy and Systems Analysis. [ read more … ]

Clean Line seeks ultimate resolution of transmission dispute

Jeffrey Tomich, E&E News reporter  •    •  Posted 2017-11-03 04:49:43

The developer of a $2.8 billion transmission line across the Midwest took a step this week to hasten its appeal of an order denying a certificate to build the 200-mile stretch of transmission line across the Show-Me State. Clean Line Energy Partners LLC, which has been working since 2010 to develop the Grain Belt Express direct-current transmission line, petitioned the Missouri Supreme Court to take up the matter even before the case is heard by the state appellate court. [ read more … ]

EPA sets hearing on repeal plan in heart of coal country

Arianna Skibell, E&E News reporter  •    •  Posted 2017-11-03 04:50:22

U.S. EPA announced plans today for a public hearing in Charleston, W.Va., later this month on the proposed repeal of the Clean Power Plan, President Obama’s signature climate regulation. “The EPA is headed to the heart of coal country to hear from those most impacted by the CPP and get their comments on the proposed Repeal Rule,” Administrator Scott Pruitt said in a statement. “The agency looks forward to hearing from all interested stakeholders.” [ read more … ]

Statoil aims to sign power purchase agreement in New York by end-2018

By Nerijus Adomaitis, Reuters  •    •  Posted 2017-11-03 04:50:36

Norway’s Statoil aims to sign a power purchase agreement with a U.S. utility to develop an offshore wind power project off New York, a senior company official said on Tuesday. Statoil won a lease sale of 79,350 acres offshore New York, which could be potentially used to develop up to a 1 gigawatt (GW) capacity wind power park, by bidding $42.5 million last December. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.