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Governors' Wind Energy Coalition

August 4, 2014

White House hands gavel to LaFleur, as Bay stands by

Katherine Ling, E&E reporter  •    •  Posted 2014-08-04 06:57:42

President Obama officially named Cheryl LaFleur today to lead the Federal Energy Regulatory Commission until next April. The White House has designated Norman Bay to take over the chairmanship on April 15, 2015. LaFleur had been FERC’s acting chairwoman since the resignation of former Chairman Jon Wellinghoff last November. The unusual measure of having a chairman-in-waiting is the result of a tumultuous confirmation process for Bay, currently the head of FERC’s Office of Enforcement, and for LaFleur for a second term. LaFleur was officially sworn in this week. Bay still hasn’t been sworn in, according to FERC. [ read more … ]

How to fit a wind farm into your portfolio

By Associated Press  •    •  Posted 2014-08-04 06:58:05

Analysts say they are a relatively safe way to invest in renewable energy — much safer, for example, than buying shares in notoriously volatile solar panel makers. Warren Buffet agrees. He’s invested $15 billion in the same type of wind and solar projects that yieldcos own, and he plans to double that amount. [ read more … ]

Exelon CEO says company is not interested in forming yieldco

Jeffrey Tomich, E&E reporter  •    •  Posted 2014-08-04 06:58:25

Exelon Corp. owns one of the nation’s largest electric generating fleets, competing with the likes of NRG Energy Inc. and NextEra Energy Inc. But unlike those rivals, Chicago-based Exelon has no plans to pursue a “yieldco” to house its renewable assets, executives told analysts and investors during a conference call yesterday morning. “We’ve leaned more toward project financing, and we think that fits our needs better than a yieldco in the long term,” Chris Crane, Exelon’s chief executive, said on the call. “So we’re not heading toward a yieldco.” Yieldcos are just one method of equity financing for energy projects, but one gaining more traction in recent months [ read more … ]

Tesla chief predicts price parity with gasoline-powered cars within 10 years

Julia Pyper, E&E reporter  •    •  Posted 2014-08-04 06:58:44

Tesla Motors Inc. took concrete steps this week toward launching a first-of-its-kind, large-scale battery production facility. CEO Elon Musk told investors yesterday he’s confident electric vehicles will match or beat the price of comparable internal-combustion-engine vehicles within the next 10 years. Auto industry experts believe that battery costs would have to drop to $100 per kilowatt-hour in order for electric vehicles (EVs) to have a distinct cost advantage over gasoline-powered cars. Tesla currently produces batteries for its 300-mile-range Model S all-electric sedan at roughly $250 per kWh. [ read more … ]

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