Please add the Governors' Wind Energy Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Wind Energy Coalition

November 26, 2014

Obama Threatens to Veto $440 Billion Tax Deal

By JONATHAN WEISMAN, New York Times  •    •  Posted 2014-11-26 07:01:45

With negotiators nearing an accord on permanent tax breaks for businesses worth $440 billion over 10 years, President Obama rallied Democratic opposition on Tuesday and promised a veto. The president would veto the proposed deal because it would provide permanent tax breaks to help well-connected corporations while neglecting working families,” said Jennifer Friedman, a White House spokeswoman.The deal, negotiated by House Republicans and aides to Senator Harry Reid of Nevada, the outgoing majority leader, showed how much power has shifted since the Republican election victories this month. The negotiations fractured Democrats, and separated the Obama administration from Mr. Reid. [ read more … ]

Negotiators near ‘extenders’ deal to preserve PTC through 2017

Nick Juliano, E&E reporter  •    •  Posted 2014-11-26 07:02:13

In general, the package will temporarily extend through the end of next year the more than 50 tax breaks collectively known as extenders that were included in a Finance Committee package, S. 2260, earlier this year. About 10 of the tax breaks that had been temporary will become permanent, including the research and development tax credit, and the PTC will be phased out, sources tracking the process said. A tax break for transit riders also could become permanent in the package, while several other energy-related breaks are likely to get temporary extensions. However, the White House signaled its strong opposition to the reported $450 billion package soon after details began emerging this afternoon. [ read more … ]

Wind lobby cites new poll in calling for PTC extension

Nick Juliano, E&E reporter  •    •  Posted 2014-11-26 07:02:45

The wind industry is citing results from a poll it commissioned to argue voters want Congress to extend the production tax credit before the end of this year as opponents continue to argue the incentive is too costly. The American Wind Energy Association-commissioned poll found 73 percent of registered voters, including 63 percent of Republicans, said they would support “keeping the Production Tax Credit in place so that investment in wind energy can continue.” It also found that 79 percent of registered voters agreed with the statement “incentives for investment in wind energy help American workers make more of our own energy right here in America.” [ read more … ]

Senate committee to weigh FERC pick Dec. 4

Hannah Northey, E&E reporter  •    •  Posted 2014-11-26 07:03:18

The Senate Energy and Natural Resources Committee will hold a confirmation hearing for Colette Honorable, President Obama’s nominee to join the Federal Energy Regulatory Commission, on Dec. 4. Honorable’s confirmation was put on hold in September because of the sudden death of her husband, but Sen. Mary Landrieu (D-La.), the panel’s chairwoman, said she wanted to push forward with a confirmation hearing. [ read more … ]

Despite winning federal grant, offshore wind project in N.J. is rejected again

Elizabeth Harball, E&E reporter  •    •  Posted 2014-11-26 07:03:37

The New Jersey Board of Utilities again opted to oppose construction of a pilot offshore wind project in waters near Atlantic City on Friday, saying the electricity produced will be too expensive, despite the millions in federal funding the project was awarded this spring. “The project does not provide a net economic and environmental benefit to New Jersey ratepayers,” the BPU wrote in a document outlining its decision. [ read more … ]

China needs $145B annual investment to meet 2030 targets — report

Katherine Ling, E&E reporter  •    •  Posted 2014-11-26 07:03:55

China must invest $145 billion per year in technologies to increase its use of renewable energy to meet the goals laid out in the recent U.S.-China climate deal, according to a new report from the International Renewable Energy Agency. An annual additional injection of $54 billion above business as usual would enable the share of renewable energy in China’s energy mix to hit 26 percent, according to the report from IRENA with support from the China National Renewable Energy Centre. The report is part of IRENA’s goal to double the share of renewable energy in the world’s energy mix by 2030. [ read more … ]

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