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Governors' Wind Energy Coalition

October 30, 2022

Top Story

Some good news on energy

By Ivan Penn, New York Times  •    •  Posted 2022-10-30 15:15:33

A new report from the International Renewable Energy Agency, which helps governments to move away from fossil fuels, shows renewable energy dominating new power production worldwide. And solar power is leading the way, despite its critics. In 2021, renewables made up 81 percent of new electricity capacity (all the new plants and other infrastructure that generate power), according to the agency’s report. That compares with 79 percent in 2020. Over the same period, renewables increased to more than 38 percent of total capacity (all the infrastructure, new and old) from just under 37 percent. [ read more … ]

Wind Energy

NJ Clears $1.1 Billion in Ocean Wind-Power Line Projects

By Josh Saul, E&E News  •    •  Posted 2022-10-30 15:11:28

New Jersey regulators approved $1.1 billion in projects proposed by a group of companies to build and upgrade transmission lines to bring power ashore from a fleet of wind farms planned in the Atlantic Ocean. Jersey Central Power & Light, a subsidiary of FirstEnergy Corp., and Mid Atlantic Offshore Development —a joint venture between Shell Energy and EDF Renewables — will develop the bulk of the lines, according to a unanimous decision on Wednesday by the New Jersey Board of Public Utilities. [ read more … ]

Biden Administration

A ‘lean’ team is making sure the climate law doesn’t fail

By Jean Chemnick, E&E News  •    •  Posted 2022-10-30 15:13:39

The sprawling Democratic spending package that became law in August was billed as a turning point for U.S. climate policy. It provides an unprecedented war chest, but the law doesn’t cap carbon emissions as a way to meet President Joe Biden’s pledge to halve greenhouse gases by 2030. It will fall to officials at agencies and the White House to make sure the law meets its full potential. [ read more … ]

Utility CEOs expect climate law to boost profits, lower rates

By Jeffrey Tomich, Kristi E. Swartz, E&E News  •    •  Posted 2022-10-30 15:17:01

Some of the nation’s largest utilities are firming up plans to leverage the climate law’s clean energy tax credits to bolster investments in renewable energy and battery storage. CEOs of companies such as DTE Energy Co., Xcel Energy Inc. and CMS Energy Corp. briefed analysts and investors Thursday on how the Inflation Reduction Act will boost profitability. The new law’s provisions, they said, will reduce the cost of new energy projects, resulting in savings that will hold down electric rates and enable even greater investments. [ read more … ]

FERC

Senate panel eyes Nov. hearing for FERC chair renomination

By Jeremy Dillon, E&E News  •    •  Posted 2022-10-30 15:13:17

The Senate Energy and Natural Resources Committee is eyeing Nov. 15 for Federal Energy Regulatory Commission Chair Richard Glick’s confirmation hearing, two people familiar with the timing told E&E News. Those people were granted anonymity to speak candidly. Glick’s tenure at FERC is set to expire by the end of the year. President Joe Biden renominated him for another five-year term in May, but committee Chair Joe Manchin (D-W.Va.) has held off on scheduling a hearing. [ read more … ]

Climate

The Climate’s Improved Future

By German Lopez, New York Times  •    •  Posted 2022-10-30 15:12:32

Five years ago, the journalist David Wallace-Wells explored a worst-case scenario for climate change: one in which the planet warmed by as much as 5 degrees Celsius by 2100 — causing widespread extreme weather, economic collapse, famine and war. Now, David sees that level of doom as much less likely, he writes in an essay for this Sunday’s climate issue of The New York Times Magazine, where he is a columnist. While 5 degrees of warming once seemed possible, scientists now estimate that the Earth is on track to warm by 2 to 3 degrees. That difference might not seem huge, but it translates to fewer record-breaking floods, storms, droughts and heat waves and potentially thousands or millions of lives saved in the coming decades.
[ read more … ]

States

15 state AG races to watch on the environment

By Ellie Borst, Pamela King, Lesley Clark, E&E News  •    •  Posted 2022-10-30 15:12:57

The midterm elections could bring a new class of environmentally focused state attorneys general. This year 30 states and Washington, D.C., are holding elections for their chief legal officers, out of 43 states and the district that hold elections for the position. In 10 of the 31 races, the seats are open. Republican attorneys general currently hold 14 of the seats up for election, while Democrats occupy 16. All of those races will have an impact on climate and energy policy in those contested states — and at the federal level. [ read more … ]

Markets

Gasoline Prices Are Falling Ahead of Midterm Elections

By Ari Natter, Bloomberg  •    •  Posted 2022-10-30 15:14:27

Gasoline prices are falling ahead of the midterm US elections, easing the pressure on Democrats grappling with high fuel prices in key swing states and elsewhere across the country.  The national average price for a gallon of gasoline is now in its third week of declines and has fallen by $1.25 since the June peak of more than $5, leading administration officials like White House Chief of Staff Ron Klain to highlight the declines.  [ read more … ]

EVs

Will electric vehicles kill the gas station?

By David Ferris, E&E News  •    •  Posted 2022-10-30 15:12:05

The collision between electricity and gasoline is in sharp relief at Kum & Go, a chain of almost 400 filling stations and convenience marts in 11 states that has invited the electric vehicle to disrupt its business model. Wellington is the final settlement of metro Denver before the plains spread north toward Wyoming. Alongside the grind of I-25, next to a McDonald’s, stands the Kum & Go with its sign advertising the latest price for unleaded. It’s one of six Kum & Go stations in the state that have embraced electric vehicle charging. Other gas station chains sometimes host charging stations owned by someone else, often Tesla. But Kum & Go has branded these stations in its red-and-white color scheme. [ read more … ]

Climate law prods Postal Service as EV feud continues

By Robin Bravender, E&E News  •    •  Posted 2022-10-30 15:11:49

“We’re just not clear on what they’re going to do,” said Adrian Martinez, an attorney at Earthjustice who is representing environmentalists suing USPS over its electric vehicle plans. Martinez said he’s concerned that the agency, led by Postmaster General Louis DeJoy, might try to use those funds to meet electric vehicle commitments the agency had already made before the extra $3 billion was approved. [ read more … ]

EU approves ban on new combustion-engine cars from 2035

By Associated Press  •    •  Posted 2022-10-30 15:14:02

European Union lawmakers and member countries reached a deal to ban the sale of new gasoline and diesel cars and vans by 2035. The deal EU negotiators sealed Thursday night is the first agreement of the bloc’s “Fit for 55” package, which the bloc’s executive commission set up to achieve the goal of cutting greenhouse gas emissions by 55% over this decade. [ read more … ]

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