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Governors' Wind Energy Coalition

May 11, 2020

Top Story

Americans Are Pumping Gas Again as States Reopen

By Rebecca Elliott, Wall Street Journal  •    •  Posted 2020-05-10 13:41:11

Americans are starting to get back behind the wheel, welcome news for the companies that turn oil into gasoline and diesel. Fuel makers including Valero Energy Corp. and Phillips 66 have said they expect gasoline demand to continue to rebound after plunging to roughly half of normal levels in early April, as states reopen from lockdowns imposed to limit the spread of the new coronavirus.
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The Car Is Staging a Comeback, Spurring Oil’s Recovery

By Bloomberg News  •    •  Posted 2020-05-10 13:40:18

Gasoline demand is rebounding, suggesting that the car — at least for now — is making a comeback. As lockdowns ease and parts of the world reopen for business, driving has emerged as the socially distant transportation mode of choice and is offering some near-term relief to an oil market fresh off its worst crash in history and reeling from an unprecedented collapse in energy demand. [ read more … ]

Climate, Pandemic

Will the Coronavirus Crisis Trump the Climate Crisis?

By Steven Erlanger, New York Times  •    •  Posted 2020-05-10 13:41:58

With the global paralysis induced by the coronavirus, levels of pollution and carbon emission are dropping everywhere — leaving bluer skies, visible mountains, splendid wildflowers. Even Venice’s famously murky canals are running clear. After decades of industry and government slow-walking the climate issue, for some it is proof that effective action can be achieved. But nature’s revival has come at enormous cost. [ read more … ]

PTC, ITC

Trump administration signals help coming for solar and wind energy amid pandemic

By Dino Grandoni and Paulina Firozi, Washington Post  •    •  Posted 2020-05-10 13:43:10

The Trump administration is signaling it is about to offer a lifeline to solar and wind projects battered by the coronavirus pandemic.  In a letter sent to senators Thursday, the Treasury Department said it is considering ways to let solar, wind and other alternative energy developers continue to qualify for tax incentives critical for paying for the building of wind turbines and solar panel arrays – even if construction is put on hold.  [ read more … ]

New PTC and ITC Deadlines Expected for Renewable Energy Projects

By Carl J. Fleming, National Law Review  •    •  Posted 2020-05-10 13:42:33

Renewable energy project developers utilizing federal tax credits will likely get more time to complete work on projects. While more formal guidance is forthcoming, the renewables industry may see an extension of the safe harbor from four to five years for projects that began construction in 2016 or 2017. [ read more … ]

Grid

Electric grid challenges will grow if COVID-19 impacts extend into summer demand season: NERC

By Robert Walton, Utility Dive  •    •  Posted 2020-05-10 13:44:44

While electric grid operators have so-far managed the COVID-19 pandemic effectively, there are potential reliability issues that “increase industry’s risk profile” if the virus impacts extend into the summer demand season, according to a new assessment from the North American Electric Reliability Corporation (NERC). Workforce and supply chain interruptions, uncertain demand forecasts and the potential for unplanned outages due to deferred maintenance and refueling issues could challenge the Bulk Power System (BPS), should the novel coronavirus pandemic continue into the hottest months. [ read more … ]

EVs

New Breed of Pickups Mixes Horsepower and Battery Power

By Lawrence Ulrich, New York Times  •    •  Posted 2020-05-10 13:44:10

Say hello to G.M.’s 1,000-horsepower electric Hummer, that onetime green scourge, now rehabilitated to pass muster at any Silicon Valley cocktail party. Behold the beefy pickup trucks from Ford and Chevrolet, as well as upstarts like Rivian and Bollinger. Elon Musk at Tesla couldn’t resist upstaging rivals with the concept Cybertruck, a truck so Mad Max-macho that it makes a Hummer seem discreet. [ read more … ]

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