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Governors' Wind Energy Coalition

August 15, 2014

Traders Profit as Power Grid Is Overworked

By JULIE CRESWELL and ROBERT GEBELOFF, New York Times  •    •  Posted 2014-08-15 06:58:37

Across the nation, investment funds and major banks are wagering billions on similar trades using computer algorithms and teams of Ph.D.s, as they chase profits in an arcane arena that rarely attracts attention. Congestion occurs when demand for electricity outstrips the immediate supply, sending prices higher as the grid strains to deliver power from distant and often more expensive locations to meet the demand. To help power companies and others offset the higher costs, regional grid operators, which manage the nation’s transmission lines and wholesale power markets, auction off congestion contracts, derivatives linked to thousands of locations on the grid. When electricity prices spike, contract holders collect the difference in prices between points from the grid operators. If the congestion moves in the opposite direction, holders pay the operators. [ read more … ]

Developers look to share Wyo.’s bounty of wind

Nathanael Massey, E&E reporter  •    •  Posted 2014-08-15 06:59:02

In a unanimous vote this week, the Wyoming Industrial Siting Council approved construction of a massive wind farm to be sited in a 320,000-acre swath of Carbon County, just south of the towns of Rawlins and Sinclair. Once completed, the Chokecherry & Sierra Madre Wind Project will house 1,000 3-megawatt wind turbines, scattered over a checkerboard of private and federal land. It will be the largest wind farm in the United States. [ read more … ]

FERC chief insists agency is ‘on the job’ as EPA’s carbon rule takes hold

Hannah Northey, E&E reporter  •    •  Posted 2014-08-15 06:59:22

The country’s top electricity regulator today said that the current process for ensuring the U.S. grid remains reliable as newly proposed carbon rules take effect is working and that the Federal Energy Regulatory Commission doesn’t need a more active role in advising U.S. EPA.FERC Chairwoman Cheryl LaFleur also said the commission, a key agency overseeing the grid and energy markets, may issue a white paper outlining its advisory role as EPA implements its proposed Clean Air Act rule. [ read more … ]

Iowa’s Corn Farmers Learn To Adapt To Weather Extremes

by JOHN YDSTIE, NPR  •    •  Posted 2014-08-15 06:59:41

Climate change is creating all kinds of challenges and opportunities for business. One of the sectors that feels the effects most immediately is agriculture. Already, weather patterns are making it more challenging to raise corn — even in Iowa — in the middle of the Corn Belt. [ read more … ]

Shifting Climate Has North Dakota Farmers Swapping Wheat For Corn

by JOHN YDSTIE, NPR  •    •  Posted 2014-08-15 06:59:57

Overall, climate change is predicted to hurt agriculture around the world. It could even threaten corn production in the Corn Belt. But in North Dakota conditions are now better for raising corn, and that’s a big benefit for farmers. When I was growing up in Wolford, N.D., up near the Canadian border, wheat was king. It had been the dominant crop since the prairie was first plowed in the late 1800s. So it was kind of strange to go back this summer and find Larry Slaubaugh, a local farmer, filling his 18-wheeler with corn from a huge steel grain bin. [ read more … ]

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