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 25, 2020

Top Story

The Day California Went Dark Was a Crisis Years in the Making

By Mark Chediak and Naureen S. Malik, Bloomberg  •    •  Posted 2020-08-24 15:38:59

Signs of a problem within California’s power system emerged a full day before the blackouts hit. Trader Dov Quint sat in his basement outside Boulder, Colorado, scouring the state’s day-ahead power market for opportunities to profit from California’s heat wave. He saw something strange: Prices for electricity to be delivered the next day – the day of the blackouts – were nearing $1,000 a megawatt-hour, more than 26 times higher than last year’s average. The last time that happened, in July 2018, the forecast for demand had been much higher. Something was amiss — were energy supplies lower than usual? [ read more … ]

Wind Energy

Coalition supporting offshore wind development set to launch

By Associated Press  •    •  Posted 2020-08-24 15:37:39

A regional coalition that supports the development of offshore wind power is set to launch later this month. New England for Offshore Wind, which includes environmental advocacy organizations, educational institutions, justice and health organizations, and business alliances, will hold a press conference Wednesday to announce the launch.
[ read more … ]

States

Ill. governor unveils 100% renewable plan

By Jeffrey Tomich, E&E News reporter  •    •  Posted 2020-08-24 15:36:52

Democratic Illinois Gov. J.B. Pritzker laid out an ambitious energy proposal Friday aimed at tackling climate change while also improving utility affordability and accountability. One pillar of Pritzker’s sweeping plan would put Illinois on a trajectory to power the state with 100% renewable energy by midcentury and phase out polluting power plants by adding a price on carbon emissions. [ read more … ]

Rhode Island: Tax oil for climate adaptation?

By Daniel Cusick, E&E News reporter  •    •  Posted 2020-08-24 15:39:38

Rhode Island is a small state, but legislation before its General Assembly could generate big money to fund municipal climate adaptation and resilience projects. Oil companies would shoulder the cost through a 5-cent tax on each barrel of oil imported by ship through the Port of Providence, according to the bill. Sponsors say the Ocean State Climate Adaptation and Resilience (OSCAR) Fund could generate $1.9 million annually for climate resilience projects as rising seas and severe storms threaten the Rhode Island coast. [ read more … ]

FERC

Biden’s 100% clean electricity plan may hinge on FERC

By Arianna Skibell, E&E News reporter  •    •  Posted 2020-08-24 15:40:31

The former vice president has not spelled out fully how he would reach his clean energy goals, but analysts say FERC would play a critical role in a potential Biden administration because of its regulatory authority over the interstate transmission of electricity and ability to approve projects such as gas pipelines and liquefied natural gas export terminals. “[FERC] is very important, if not critical, for an administration that is looking to set us on a pathway to a net-zero emissions electricity sector by 2035,” said Jeff Dennis, managing director and general counsel for Advanced Energy Economy. [ read more … ]

Pandemic

118K coal, oil, gas jobs wiped out during pandemic — report

By David Iaconangelo, E&E News reporter  •    •  Posted 2020-08-24 15:37:19

Fossil fuel industries have lost more than 15% of their workforce since March, surpassing layoffs in the clean energy sector, according to an analysis published last week. Produced by California-based BW Research, the analysis found that oil, gas and coal industries shed 118,000 positions between March and July, not counting temporary furloughs. That’s roughly 15.5% of those industries’ total. The decline has continued even as the broader energy sector has experienced a tentative stabilization. In July, 1,300 fossil fuel jobs were lost, and additional layoffs would probably continue through this month and “through the near future.” [ read more … ]

Thousands allowed to bypass environmental rules in pandemic

By ELLEN KNICKMEYER, CATHY BUSSEWITZ, JOHN FLESHER, MATTHEW BROWN and MICHAEL CASEY, Associated Press  •    •  Posted 2020-08-24 15:40:03

The result: approval for less environmental monitoring at some Texas refineries and at an army depot dismantling warheads armed with nerve gas in Kentucky, manure piling up and the mass disposal of livestock carcasses at farms in Iowa and Minnesota, and other risks to communities as governments eased enforcement over smokestacks, medical waste shipments, sewage plants, oilfields and chemical plants. [ read more … ]

EVs

Tesla’s Model 3 Is Doing What Other EVs Have Not: Retain Value

By Sophia Cai, Bloomberg  •    •  Posted 2020-08-24 15:36:27

It’s early, but there are signs Tesla Inc.’s Model 3 could be as exceptional in the used market as it has been in the new-car world. The sedan has sold at volumes no other electric vehicle has come close to reaching, turning Tesla into the most valuable auto company in the world. But it takes a while to see how well a car performs on the used market — owners typically hold onto their wheels for at least a few years.
[ read more … ]

Electric Vehicle Makers Find a Back Door to Wall Street

By Neal E. Boudette and Kate Kelly, New York Times  •    •  Posted 2020-08-24 15:38:39

Steve Burns pulled together several pieces of a business venture over the last year: His company, Lordstown Motors, designed an electric pickup truck, acquired a plant and machinery from General Motors, and racked up thousands of orders. Yet Mr. Burns was still struggling to raise enough capital. This month, he nailed down that critical piece by agreeing to merge Lordstown Motors with a special purpose acquisition company, or SPAC, a transaction that will net the truck maker $675 million and a listing on Nasdaq. [ read more … ]

Campaign

With ‘rich talent pool,’ who might lead a Biden EPA?

By Kevin Bogardus, E&E News reporter  •    •  Posted 2020-08-25 04:05:59

If Joe Biden wins the presidential election, he will have to pick an EPA administrator shrewd in science and politics as well as ready to restore the agency, observers say. The 2020 Democratic presidential nominee has a public service career lasting decades. With more than 30 years as a U.S. senator for Delaware and eight years as vice president under President Obama, Biden has deep connections to draw upon for advice on whom to choose to lead EPA. [ read more … ]

Trump platform warns of climate ‘extremism’

By Scott Waldman, E&E News reporter  •    •  Posted 2020-08-24 15:35:56

Expect to hear a whole lot more about fossil fuels than climate change at this week’s Republican National Convention. Not only has President Trump defined himself as an ally of the oil and gas industry, but Trump — the country’s top Republican — has spent much of the past month banging away at energy issues. It’s an approach that fits with Trump’s broad reelection strategy, say political observers. And he appears to be doubling down. [ read more … ]

Changing politics

By Josh Siegel, Washington Examiner  •    •  Posted 2020-08-24 15:38:18

President Trump’s re-election campaign posted a second-term agenda Sunday night that contains no mention of climate change. Meanwhile, Republican National Committee members voted to extend the party’s 2016 platform, which mostly criticizes the Obama administration’s “top-down, command-and-control” climate agenda without offering other ideas. [ read more … ]

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