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Governors' Wind Energy Coalition

April 14, 2021

Top Story

A Green Grid by 2035? New Report Says We’re Halfway There

By David R Baker, Bloomberg  •    •  Posted 2021-04-14 14:58:25

For those skeptical of President Joe Biden’s goal of achieveing a zero-carbon electricity grid by 2035, Ryan Wiser has a word of optimism: We’re already halfway there. Wiser, a senior scientist at Lawrence Berkeley National Laboratory, looked at greenhouse-gas emissions from the electricity sector last year and compared them with projections from 15 years earlier. Emissions were 52% lower in 2020 than the U.S. Energy Information Administration predicted they would be back in 2005, Wiser wrote in a new report. [ read more … ]

Wind Energy

Chevron Invests in Offshore Wind Energy for First Time

By Josh Saul and Kevin Crowley, Bloomberg  •    •  Posted 2021-04-14 14:56:47

Chevron Corp.’s venture capital arm and Moreld Ocean Wind agreed to invest in Ocergy Inc.’s development and commercialization of floating offshore wind turbines. The investment by Chevron Technology Ventures is its first in offshore wind. The size of the investments weren’t disclosed. Floating turbines would be useful in ocean areas that are too deep for fixed turbines. [ read more … ]

Clean Energy Standard

Granholm open to filibuster-proof clean power mandate

By Ben Geman, Axios  •    •  Posted 2021-04-14 14:55:30

Energy Secretary Jennifer Granholm said the use of the filibuster-proof budget reconciliation process is an option for trying to pass a mandate that would greatly escalate zero-carbon power generation. One of President Biden’s most aggressive targets is achieving 100% carbon-free electricity generation by 2035, and a “clean electricity standard” could be a key tool to get there. [ read more … ]

Biden Administration

Big Oil’s Influence Shrinks as Tax Perks Face Axe in Biden Plan

By Jinjoo Lee, Wall Street Journal  •    •  Posted 2021-04-14 14:57:23

It doesn’t take long before a typical conversation with a U.S. energy executive turns to subsidies—those enjoyed by others. The fossil-fuel industry often brings up green energy’s explicit tax incentives, while the latter will point to the longevity of special tax preferences for oil and gas. President Biden’s tax plan proposes to extend tax credits for renewable energy while ending tax benefits for fossil fuels. Oil-and-gas lobbyists could soon find themselves in the awkward position of denying that any special treatment for those companies exists, while digging in their heels to protect that treatment. And while the impact on actual hydrocarbon production could be limited, such a move would mark the end of an era for an industry that has held much influence over the past century. [ read more … ]

US power sector is halfway to zero carbon emissions

By Julie Chao, Lawrence Berkeley National Laboratory  •    •  Posted 2021-04-14 14:58:45

Concerns about climate change are driving a growing number of states, utilities, and corporations to set the goal of zeroing out power-sector carbon emissions. To date 17 states plus Washington, D.C. and Puerto Rico have adopted laws or executive orders to achieve 100% carbon-free electricity in the next couple of decades. Additionally, 46 U.S. utilities have pledged to go carbon free no later than 2050. Altogether, these goals cover about half of the U.S. population and economy. [ read more … ]

Texas Blackouts

Power Scare Shows Texas Grid Still at Risk After Blackouts

By Mark Chediak and Naureen S Malik, Bloomberg  •    •  Posted 2021-04-14 14:56:12

Texas faced a brief power-grid scare Tuesday night, less than 60 days after widespread blackouts left millions without light and heat for days during a deep winter freeze. The grid operator, the Electric Reliability Council of Texas, asked for conservation for nearly four hours with a quarter of generators down for repairs and a mild cold front failing to reduce electricity demand as much as had been anticipated, leaving supply tight. Wholesale electricity prices jumped as high as 10,000% in some parts of the state. [ read more … ]

The fight over who will pay for Texas blackouts gears up

By Will Englund, Washington Post  •    •  Posted 2021-04-14 14:55:52

The fight over who will pay, and how much, is gearing up. The action is taking place in federal bankruptcy courts, in state courts and in the Texas legislature. The state’s attorney general has ruled that customers of one company needn’t pay their bills. And more than 200 Texans have joined what is expected to be a flood of liability suits, a Washington Post review of court records found. In Austin, Sepeda, Limuel and Cahill are all consulting with lawyers. They understand that this is just the beginning of the legal wrangling, as the cases could take years to be decided. That’s true, too, for the energy companies and financial firms squaring off against each other. [ read more … ]

Texas Froze and California Burned. To Insurers, They Look Similar.

By Mary Williams Walsh, New York Times  •    •  Posted 2021-04-14 14:55:03

A deep freeze in February left Texas with billions of dollars in damage from cascading power failures that stranded residents in their dark and flooded homes. And insurance companies are hoping they can pass the bill on — just as they did when wildfires engulfed California. Two months after the storm crippled large swaths of Texas, insurers are sketching out a legal strategy to pin the costs on utilities and power companies that they say failed to adequately prepare for bitterly cold weather. [ read more … ]

EVs

Audi Takes On Tesla’s Model Y With Entry-Priced Electric SUV

By Christoph Rauwald, Bloomberg  •    •  Posted 2021-04-14 14:57:42

Audi’s new Q4 e-tron will go head-to-head with Tesla Inc. in the fast-growing market of compact crossover SUVs to help parent Volkswagen AG narrow its electric-car sales gap with the world leader. The model Audi will unveil Wednesday evening European time is among a dozen models including VW’s ID.4 and an electric version of the Porsche Macan that should enable the VW group exceed Tesla’s deliveries by 2023. [ read more … ]

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