Please add the Governors' Wind Energy Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Wind Energy Coalition

August 5, 2020

Top Story

There Are Still Real Fights Over Climate Change, Just Not the Ones You Think

By Akshat Rathi and Eric Roston, Bloomberg  •    •  Posted 2020-08-04 15:42:05

The basic facts about climate change have been clear for many decades: Burning fossil fuels produces carbon dioxide, which alters the chemical composition of the atmosphere and causes it to trap ever greater amounts of heat from the sun. Those facts are set in stone. It’s a shame then that, partly because of ugly disinformation campaigns run by fossil fuel companies, we’ve spent the past 30 years debating indisputable facts. We could have saved a lot of time if we had instead butted heads about the things that are still genuinely uncertain. [ read more … ]

Wind Energy

With the wind

BY KELSEY TAMBORRINO, Politico  •    •  Posted 2020-08-04 15:48:28

If the assumed BOEM auctions in 2021 and 2022 happen, total full-time equivalent job creation from the offshore wind activities would be about 80,000 jobs annually from 2025 to 2035, according to the study. [ read more … ]

Markets

BP Reports a Huge Loss and Vows to Increase Renewable Investment

By Stanley Reed, New York Times  •    •  Posted 2020-08-04 15:43:42

BP reported a $16.8 billion quarterly loss on Tuesday, and cut its dividend in half — the first reduction since the Deepwater Horizon disaster a decade ago. But what caught the attention of analysts and, apparently, investors, was the ambitious plan that Bernard Looney, the chief executive, set out for making over the London-based oil giant into a diversified purveyor of cleaner energy within a decade. BP’s share price jumped by more than 7 percent during trading Tuesday. [ read more … ]

Natural Gas

California sued over climate change policy — by the nation’s biggest gas utility

By Sammy Roth, Los Angeles Times  •    •  Posted 2020-08-04 15:47:49

Southern California Gas Co. is taking its battle with state officials over climate change policy to court, arguing in a new lawsuit that the California Energy Commission has failed to promote natural gas as required by state law. The lawsuit, filed Friday in Orange County Superior Court, is the latest attempt by SoCalGas to shield itself against efforts to phase out gas, a planet-warming fossil fuel used for heating, cooking and power generation. The company, which maintains its headquarters in Los Angeles and is owned by Sempra Energy of San Diego, took in $4.5 billion in operating revenue last year. [ read more … ]

Largest N.J. power company to sell all gas, coal plants

By Miranda Willson, E&E News reporter  •    •  Posted 2020-08-04 15:45:05

The owner of the largest utility company in New Jersey announced plans last week to sell its nonnuclear fleet, including all of its fossil fuel generating plants. The Public Service Enterprise Group Inc. (PSEG) said it would sell more than 6,750 megawatts of fossil fuel power in Connecticut, Maryland, New Jersey and New York and 467 MW of solar energy in multiple states by some point in 2021, the company said. Most of PSEG’s fossil generation comes from natural gas, although it also relies on oil and a coal unit set to retire next year. [ read more … ]

FERC

‘No shrinking violet.’ Meet Trump’s surprise FERC pick

By Arianna Skibell, E&E News reporter  •    •  Posted 2020-08-04 15:44:30

Last week, President Trump unexpectedly announced two nominees — one Democratic, one Republican — to the Federal Energy Regulatory Commission. Democratic pick Allison Clements is a longtime energy lawyer whose name was floated over a year ago for a spot on the influential five-member commission. But news of Trump’s lesser-known Republican nominee left many agency observers asking: Who is Mark Christie?
[ read more … ]

EVs

Electric car charging station numbers rise in U.S.

By Tom Krisher, Associated Press  •    •  Posted 2020-08-04 15:46:00

When the electric car revolution arrives, will there be enough places to plug in? There are now 26,000 electric vehicle charging stations open to the public in the U.S., with more than 84,000 plugs. But the country, and the world, will need thousands more if drivers are going to adopt vehicles powered by batteries alone. And because they’re being asked to invest before that demand arrives, automakers and charging companies are struggling to raise the numbers. [ read more … ]

Lordstown Motors joins EV rush to stock market

By David Welch and Siddharth Philip, Bloomberg  •    •  Posted 2020-08-04 15:45:18

Lordstown Motors Corp., the electric-truck startup that stepped in to save a shuttered General Motors Co. factory in Ohio, will be listed on the Nasdaq and gain an infusion of $675 million through a merger with a publicly traded funding vehicle. The company will trade under the symbol RIDE after the deal with DiamondPeak Holdings, it said in a statement yesterday. Lordstown plans to use the proceeds to fund production of its Endurance electric pick-up truck at the former GM plant, which is expected to begin in the second half of next year. [ read more … ]

Campaign 2020

Why Biden’s car plan might not be a ‘clunker’

By Maxine Joselow, E&E News reporter  •    •  Posted 2020-08-04 15:45:38

Former Vice President Joe Biden wants millions of Americans to trade in their older, polluting cars for shiny new electric vehicles. The strategy aims to make a significant dent in greenhouse gas emissions from transportation, the largest source of carbon pollution in the United States. Yet it contains echoes of “Cash for Clunkers,” a 2009 stimulus program unveiled by the Obama administration that many experts across the political spectrum view as a failure. [ read more … ]

Electricity to EPA: Where 7 veep contenders stand on energy

By Lesley Clark, Miranda Willson and Carlos Anchondo, E&E News reporters  •    •  Posted 2020-08-04 15:44:14

Energy is emerging as a flashpoint in the presidential race, with presumptive Democratic nominee Joe Biden pledging to boost clean energy jobs, while President Trump and his campaign charge that his challenger would raise taxes and put people out of work. With Biden poised in the next two weeks to select a running mate, his list of vice presidential contenders includes candidates with backgrounds on contentious energy issues, including the Keystone XL pipeline, coal, hydraulic fracturing, former President Obama’s carbon rule and regulating methane. All of the potential choices pose risks for Biden by threatening to anger either the progressive or the conservative wing of the Democratic Party. [ read more … ]

FirstEnergy

Nuclear bailout tied to bribery scandal was years in making

By JOHN SEEWER, Associated Press  •    •  Posted 2020-08-04 15:46:27

A $1 billion bailout for Ohio’s two nuclear plants that’s now entangled in a state bribery scandal had little support when the idea came up three years ago. It was all but dead until the spring of last year, when the new leader of the Ohio House stepped up with a last-ditch attempt to give the plants a financial lifeline. But that’s all on shaky ground again after federal authorities accused the powerful Republican Ohio House speaker and four associates of orchestrating a $60 million bribery scheme involving corporate money secretly funneled to them in exchange for passing the bailout. [ read more … ]

How a utility undermined climate policy — then got caught

By Benjamin Storrow, E&E News reporter  •    •  Posted 2020-08-04 15:43:09

In 2018, FirstEnergy Corp. was looking for help. Efforts by the Ohio utility to secure bailouts for its coal and nuclear plants had been rebuffed by federal regulators. But the power company had a plan to change its fortunes. Over the next two years, FirstEnergy channeled millions of dollars to a dark money group allegedly controlled in secret by Larry Householder, a Republican state lawmaker who became speaker of the Ohio House in 2019. [ read more … ]

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