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Governors' Wind Energy Coalition

June 26, 2014

Reid eyes confirmation vote in July as opposition looms

Hannah Northey, E&E reporter  •    •  Posted 2014-06-26 06:56:00

The Senate will vote on President Obama’s pick to lead the Federal Energy Regulatory Commission when the chamber returns following the Fourth of July recess, according to Senate Majority Leader Harry Reid’s (D-Nev.) office. The Senate will also vote on Obama’s nomination of acting Chairwoman Cheryl LaFleur to another five-year term, but a week for that vote has not been set, according to Reid’s office. [ read more … ]

Climate Campaign Can’t Be Deaf to Economic Worries, Obama Warns

By CORAL DAVENPORT, New York Times  •    •  Posted 2014-06-26 06:56:19

President Obama acknowledged Wednesday that his efforts to combat climate change — in particular, Environmental Protection Agency regulations to slash carbon pollution from cars and coal-fired power plants — could raise fuel and electricity prices. And he told environmental advocates that in order to make a credible case for such climate policies, officials would need to acknowledge Americans’ worries about the economic effects. “People don’t like gas prices going up; they are concerned about electricity prices going up,” Mr. Obama said in a speech at an annual dinner for the League of Conservation Voters. “If we’re blithe about saying, ‘This is the crisis of our time,’ but we don’t acknowledge these legitimate concerns — we’ve got to shape our strategies to address the very real and legitimate concerns of working families.” [ read more … ]

NextEra’s renewable assets enable formation of high-yield spinoff

Rod Kuckro, E&E reporter  •    •  Posted 2014-06-26 06:56:40

The latest wrinkle in the transformation of the electric utility business model is playing out on Wall Street this week as investors weigh the initial public offering of NextEra Energy Partners LP, a “yieldco” that is designed like master limited partnerships in the oil and natural gas industry to deliver predictable, long-term income to investors. The new company will be majority owned by Juno Beach, Fla.-based NextEra Energy Inc. and would be the first one — and maybe the only one — to be created by a utility holding company. NextEra launched the IPO on June 19, and the stock is expected to be priced tomorrow. [ read more … ]

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