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Governors' Wind Energy Coalition

October 11, 2022

Top Story

Haunted by 2010, greens amass record midterm war chest

By Nick Sobczyk, Timothy Cama, Adam Aton, E&E News  •    •  Posted 2022-10-11 16:08:18

The ink had barely dried on the Inflation Reduction Act when the television ads started. “It’s a real holy sh— moment,” the ad’s narrator said, flashing to a picture of Sen. Mark Kelly (D-Ariz.), “in a good way.” The spots in August were part of a $12 million blitz from the League of Conservation Voters Victory Fund and Climate Power Action. Kelly is one of the most vulnerable incumbents in the country, but the ads ignored his midterm opponent. That was the point — to create a positive feedback loop powered by climate action. [ read more … ]

Inflation Reduction Act

Goldman Analysts Say Markets Yet to Grasp Full IRA Impact

By Lisa Pham, Bloomberg  •    •  Posted 2022-10-11 16:06:05

ESG investors are missing an array of opportunities created by President Joe Biden’s climate bill, according to analysts at Goldman Sachs Group Inc. Almost two months after it was passed, the potential of the Inflation Reduction Act to support a number of sectors remains “underappreciated,” according to Brian Singer, an analyst at Goldman in New York. It’s a view he and his colleagues expressed shortly after the bill was enacted, and one that he still holds now.
[ read more … ]

Congress

Inside the environmental justice movement’s big win

By Emma Dumain, E&E News  •    •  Posted 2022-10-11 16:07:42

Environmental justice activists consider their success in stopping passage of a permitting reform bill last month their movement’s highest profile achievement to date. The question now is whether they can do it again. In the coming weeks, they’ll have to stop Democrats from negotiating with Republicans on a revised permitting proposal that could get attached to must-pass legislation. [ read more … ]

Commentary

FERC isn’t acting fast enough to strengthen the grid. Here’s one thing Congress can do.

By Liza Reed and Andrew Xu, Utility Dive  •    •  Posted 2022-10-11 16:06:31

This summer, blazing 100-degree-plus Fahrenheit temperatures pushed energy demands to record heights, prompting warnings to residents in Texas and southern California to prepare for rolling blackouts. This was the latest wake-up call that extreme weather events, exacerbated by climate change, are becoming more common. It also served as a reminder that Texas has been here before; the southern state’s grid cannot handle extreme heat or cold. Texas could keep the lights on if it had more capacity to bring power in from neighboring regions, fostered by a strong and interconnected electricity grid. [ read more … ]

States

Arizona’s clean energy future could swing on governor’s race

By Jason Plautz, E&E News  •    •  Posted 2022-10-11 16:07:21

Arizona no longer has a dedicated state energy office, even as the current Republican governor has worked to encourage manufacturing of renewables and batteries. Only about 16 percent of the state’s power generation came from renewable sources in 2021, according to the U.S. Energy Information Administration. That’s despite EIA also saying the state has the nation’s second-greatest solar potential. [ read more … ]

Markets

Why gas prices are going back up after nearly 100 days of declines

By Rob Wile, NBC  •    •  Posted 2022-10-11 16:05:49

It was the longest losing streak for gasoline prices since the early months of the pandemic: For 98-consecutive days this summer, American drivers experienced declining gas prices thanks in part to a slower worldwide demand for oil. Now, a cut in oil production signaled by the OPEC+ group last week has sent global crude prices higher, pushing prices back up at the pump. According to AAA, the national average price of a gallon of gas climbed to $3.92 on Monday. [ read more … ]

EVs

General Motors launches electric grid division

By David Ferris, E&E News  •    •  Posted 2022-10-11 16:06:57

General Motors Co. declared its intention on Tuesday to parlay the batteries originally meant for its electric cars into a new role as an all-purpose player on the electric grid. The 114-year-old automaker is establishing a new division, GM Energy, to compete with Tesla Inc. and a scrum of other aspirants who see their new batteries as an opportunity to make cars useful to not just car owners but also businesses and electric utilities. [ read more … ]

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