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Governors' Wind Energy Coalition

October 4, 2022

Top Story

Is nuclear energy poised for an ESG-fueled comeback?

By Nico Portuondo, E&E News  •    •  Posted 2022-10-04 15:28:12

In a world of energy insecurity, climate change and skyrocketing energy prices, nuclear energy might be one of the only sectors feeling more bullish than ever. Once seen as an energy option on its last legs, the nuclear industry has had several victories lately. California Gov. Gavin Newsom (D) signed a bill intended to keep the Diablo Canyon plant running past its expected retirement date, and Germany plans to keep two aging nuclear plants available until at least April. [ read more … ]

Solar Energy

Solar Is Now 33% Cheaper Than Gas Power in US, Guggenheim Says

By Angel Adegbesan, Bloomberg  •    •  Posted 2022-10-04 15:26:27

Natural gas’s dominance as power-plant fuel in the US is fading fast as the cost of electricity generated by wind farms and solar projects tumbles, according to Guggenheim Securities. Utility-scale solar is now about a third cheaper than gas-fired power, while onshore wind is about 44% less expensive, Guggenheim analysts led by Shahriar Pourreza said Monday in a note to clients.  [ read more … ]

States

Virginia governor calls for easing clean energy goals, injecting competition into utility sector

By Ethan Howland, Utility Dive  •    •  Posted 2022-10-04 15:26:09

Virginia should revisit its renewable energy requirements and utility regulators should have increased leeway in deferring those mandates, according to recommendations in an energy plan released Monday by Gov. Glenn Youngkin, R. Virginia should also open its electric utility sector to competition, partly by removing barriers that prevent industrial and commercial customers from aggregating their loads and buying power from competitive service providers, the plan said. [ read more … ]

Markets

California nears record gas prices. What’s causing the spike and will costs stabilize?

By Jacqueline Pinedo, Sacramento Bee  •    •  Posted 2022-10-04 15:26:44

A big reason for the disparity between California and much of the rest of the country is that at least six state refineries are undergoing maintenance, and moving supplies from the East to the state is difficult, according to AAA. “This is really a regional thing and it really centers around maintenance,” said John Treanor, a AAA spokesman. “Globally the price of a barrel of oil is below 80 dollars a barrel, that’s lower than it’s been since January. So when you look at these things overall the recipe is out there for cheap gas, this really has to do with that maintenance.” [ read more … ]

EVs

The American EV boom is about to begin. Does the US have the power to charge it?

By John Surico, The Guardian  •    •  Posted 2022-10-04 15:27:08

Most vehicles on the road are still gas guzzlers, but Washington is betting big on change, hoping that major federal investment will help reach a target set by the White House for 50% of new cars to be electric by 2030. But there are roadblocks – specifically when it comes to charging them all. “Range anxiety,” or how far one can travel before needing to charge, is still cited as a major deterrentfor potential EV buyers. [ read more … ]

Biden pledge to make federal fleet electric faces slow start

By HOPE YEN, MATTHEW DALY and DAVID SHARP, Associated Press  •    •  Posted 2022-10-04 15:27:30

President Joe Biden, a self-described “car guy,″ often promises to lead by example on climate change by moving swiftly to convert the sprawling U.S. government fleet to zero-emission electric vehicles. But efforts to eliminate gas-powered vehicles from the fleet have lagged. Biden last year directed the U.S. government to purchase only American-made, zero-emission passenger cars by 2027 and electric versions of other vehicles by 2035. [ read more … ]

EVs Add to Electricity Demand, But Not as Much as You Might Think

By Colin McKerracher, Bloomberg  •    •  Posted 2022-10-04 15:27:50

California recently asked homeowners to reduce electricity consumption to help avoid blackouts as temperatures soared and the power system struggled to keep up. The plea was effective, with consumers temporarily dialing back demand enough to keep the lights on across the state. But these sorts of close calls are the stuff of nightmares for system operators, and this specific brush with near-disaster had a new element that caught a lot of attention: a call to electric vehicle owners to avoid charging during peak demand hours. [ read more … ]

 

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