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Governors' Wind Energy Coalition

June 11, 2014

Buffett to Expand Energy Wager ‘As Far as the Eye Can See’

By Noah Buhayar and Jim Polson  •    •  Posted 2014-06-11 06:56:58

Berkshire Hathaway Inc., (BRK/A)which has struck deals to expand its utility business in Nevada and Western Canada, plans more investment in the industry, in part by betting on renewable power, ChairmanWarren Buffett said. “We’ve poured billions and billions and billions of dollars in retained earnings, and several billion of additional equity,” into the energy business, Buffett, 83, said today at the Edison Electric Institute’s annual convention in Las Vegas. “And we’re going to keep doing that as far as the eye can see.” [ read more … ]

Buffett Ready to Double $15 Billion Solar, Wind Bet

By Noah Buhayar and Jim Polson, Bloomberg  •    •  Posted 2014-06-11 06:57:26

Describing the company’s increasing investment in renewable energy at the Edison Electric Institute’s annual convention in Las Vegasyesterday, Buffett had to rely on a deputy, Greg Abel, to remind him just how much they’d committed: $15 billion. Without missing a beat, Buffett responded: “There’s another $15 billion ready to go, as far as I’m concerned.” [ read more … ]

Warren Buffett plans to double wind, solar investment

Donnelle Eller, Des Moines Register  •    •  Posted 2014-06-11 06:57:45

Warren Buffett plans to double Berkshire Hathaway’s investment in wind and solar power in the U.S. to $30 billion, Bloomberg reports from Edison Electric Institute’s annual convention in Las Vegas. Buffett said Berkshire Hathaway has another $15 billion “ready to go” for renewable energy. That could have big implications in Iowa, where Berkshire Hathaway Energy subsidiary, MidAmerican Energy, will have pumped about $5.8 billion into wind energy after completing a nearly $2 billion expansion next year. [ read more … ]

Buffett bullish on utilities, warns against exports of ‘finite’ gas

Rod Kuckro, E&E reporter  •    •  Posted 2014-06-11 06:58:12

As for renewables and especially distributed generation, for Buffett the debate is over. He cited President Obama’s paraphrasing of President Lincoln when he says, “‘With public opinion, I can do anything; without it, I can do nothing.’ You’ve got to be there when it’s getting formed; you’re not going to change it later on,” Buffett asserted. “So it’s enormously important for the industry to address public opinion,” which is strongly in favor of distributed generation, he said. Renewables are challenging the utility industry’s business model, Buffett said, noting his early decision to invest $15 billion in renewable assets. “And there’s another $15 billion ready to go, as far I’m concerned. It’s where the country is going; we’ve got to move in an intelligent way,” he said. [ read more … ]

Despite Reid’s stated preference, senators float plan to make LaFleur chairwoman

Nick Juliano and Hannah Northey, E&E reporters  •    •  Posted 2014-06-11 06:58:38

In an interview published in The Wall Street Journal on Sunday, Reid said, “I don’t want her as chair.” Meanwhile, Bay has faced bipartisan criticism over his lack of energy chops, keeping his nomination in limbo. A vote in the Energy and Natural Resources Committee had been expected this week but was delayed amid the ongoing negotiations, senators said yesterday. Committee aides did not respond to requests for comment. [ read more … ]

AWEA To Ohio Governor: Veto ‘Wind Energy Killing’ Provision

by NAW Staff, Tuesday June 10 2014  •    •  Posted 2014-06-11 06:58:59

The American Wind Energy Association (AWEA) has called on Gov. John Kasich, R-Ohio, to use his line item veto to strike a provision in H.B.483 that places restrictive setbacks on new Ohio wind farms. According to the group, the provision jeopardizes billions of dollars in potential wind investments. “This would kill further wind energy development in Ohio unless the governor vetoes it,” says Rob Gramlich, AWEA’s senior vice president of public policy. [ read more … ]

AWEA’s Gramlich discusses impact of existing source rule on wind energy growth

Monica Trauzzi, E&E  •    •  Posted 2014-06-11 06:59:21

How will U.S. EPA’s proposed standards for existing power plants impact the wind energy industry’s growth? During today’s OnPoint, Rob Gramlich, senior vice president of public policy at the American Wind Energy Association, discusses which states could benefit most from incorporating wind energy as part of their compliance mechanisms and talks about lobbying efforts to derail state renewable portfolio standards. Gramlich also explains why he believes the wind industry still needs the production tax credit, despite an expected boost from the existing source regulations.
[ read more … ]

Early movers fret EPA climate rule won’t fully credit early investments

Jean Chemnick and Hannah Northey, E&E reporters  •    •  Posted 2014-06-11 06:59:43

Utilities that led the march to clean energy sources and efficiency are assessing whether they’ll get full credit for their efforts under U.S. EPA’s proposed climate change rule for existing power plants. At issue is EPA’s apparent use of 2012 as the cutoff year for states to claim credit for early emission-reduction measures. EPA’s proposal would allow states to take credit for projects, measures and policies that will lower carbon dioxide emissions for the life of the rule — through 2030. Spokeswoman Liz Purchia said that provision ensures that states with renewable energy standards and existing clean power infrastructure will be better-positioned to meet emission goals. [ read more … ]

Commentary: Nothing partisan about renewing American wind power incentives

By New Bedford, Mass. Mayor Jon Mitchell (D) and Virginia Beach, Va. Mayor Will Sessoms, The  •    •  Posted 2014-06-11 07:00:04

As mayors of New Bedford, Massachusetts and Virginia Beach, Virginia, a Democrat and a Republican, we are not interested in partisan politics. We believe that effective job-creation strategies are critical for our cities to remain good places to work, live and raise families. We also believe that our local economies, and those of other communities from coast to coast, are primed to become the beneficiaries of thousands of new jobs from a new national renewable energy industry that has the capacity to power millions of homes – offshore wind. Simply put, the offshore wind opportunity is real and we cannot afford to miss it. [ read more … ]

Zichal joins lighting tech advisory board

Robin Bravender, E&E reporter  •    •  Posted 2014-06-11 07:00:23

Former White House energy and climate adviser Heather Zichal is getting back in the game. Zichal, who left the administration late last year, has joined an advisory board of Sensity Systems, a Sunnyvale, Calif.-based lighting technology company, the company announced today. [ read more … ]

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