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Governors' Wind Energy Coalition

April 10, 2014

Dem bill would offer ‘victory bonds’ to cover clean energy credits

Nick Juliano, E&E reporter  •    •  Posted 2014-04-10 07:01:43

House Democrats are reaching for an old financing model to support new sources of energy.Modeled off a successful World War II-era program, a bill introduced yesterday would direct the Treasury Department to issue $50 billion of “clean energy victory bonds,” the proceeds of which would offset the extension of a handful of clean energy tax breaks. California Reps. Zoe Lofgren and Doris Matsui were the lead co-sponsors of the bill, which attracted 16 other Democratic co-sponsors. [ read more … ]

New England power generators oppose Mass. proposed clean energy mandates

Daniel Cusick, E&E reporter  •    •  Posted 2014-04-10 07:02:03

Legislation intended to quickly add muscle into Massachusetts’ greenhouse gas emissions reduction program is drawing fire from both power producers and clean energy advocates because it would lock the state into long-term hydropower contracts with Canadian utilities and hinder the state’s homegrown clean energy sector. Massachusetts’ H. 3968, co-sponsored by Democratic Rep. Mark Cusack and Sen. Barry Finegold, would require that by the end of 2014 all of the commonwealth’s electricity distributors solicit proposals for an estimated 2,400 megawatts of new generation from clean energy resources, including hydropower, solar and wind. [ read more … ]

Harvard takes steps to promote environment

By Marcella Bombardieri, Boston Globe  •    •  Posted 2014-04-10 07:02:18

Six months after announcing that Harvard University would not divest its endowment’s holdings from the fossil fuel industry, its president, Drew Faust, unveiled several new initiatives Monday to strengthen the university’s commitment to environmental sustainability and renewable energy. Harvard says its endowment will be the first of a US university to sign on to a United Nations-supported organization, Principles for Responsible Investment. The principles do not require Harvard to sell specific funds, but rather provide the university’s fund managers with a method for considering environmental and social factors, from water scarcity to human rights. [ read more … ]

FirstEnergy CEO decries mandates driven by ‘social agenda’

Rod Kuckro, E&E reporter  •    •  Posted 2014-04-10 07:02:38

Declaring that “electricity is under attack in our country,” FirstEnergy Corp. President and CEO Anthony Alexander yesterday skewered state and federal energy policies that he described as “designed to achieve a social agenda.” Speaking before the U.S. Chamber of Commerce’s Institute for 21st Century Energy in Washington, D.C., Alexander warned that “energy efficiency, renewable power, distributed generation, microgrids, rooftop solar and demand reduction” are examples of what “sounds good” but really are “untested policies” that will threaten grid reliability and raise electricity prices. [ read more … ]

IPCC explores the ethics and economics of fighting climate change

Lisa Friedman, E&E reporter  •    •  Posted 2014-04-10 07:02:55

Can science tell us how much ethical responsibility different countries bear for combating climate change? It’s going to try. According to a draft of a forthcoming Intergovernmental Panel on Climate Change (IPCC) report, ethics takes a front-and-center role in a forum traditionally reserved for exploring scientific consensus. [ read more … ]

Developer appeals N.J. rejection of Atlantic City project

Colin Sullivan, E&E reporter  •    •  Posted 2014-04-10 07:03:11

The developer of a proposed 25-megawatt wind farm off the coast of New Jersey yesterday appealed a state agency’s decision to reject the project. Cape May, N.J.-based Fishermen’s Energy asked the state’s Board of Public Utilities to revisit what would be the first wind project built in state waters, about 3 miles from Atlantic City. The company in a statement to the board called its decision last month “palpably incorrect” because the agency used a per-unit electricity cost that may have been wrong. [ read more … ]

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