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Governors' Wind Energy Coalition

July 22, 2015

House in no rush to take up extenders package

Daniel Bush and Geof Koss, E&E reporters  •    •  Posted 2015-07-22 06:37:38

The Senate panel’s markup yesterday of a two-year extenders package for 52 tax breaks came months earlier than the usual, end-of-year debate over expiring subsidies. Last year, Congress waited until December to pass retroactive extensions of wind and solar tax credits that expired at the end of 2013, passing a retroactive one year extension that expired a few weeks later with the start of the new year. But, House Ways and Means Chairman Paul Ryan (R-Wis.) signaled yesterday that the lower chamber is no hurry to roll out similar legislation, citing the House Republican caucus’ desire to advance a bill that includes permanent tax extensions. [ read more … ]

Extenders advance after PTC foes retreat

Geof Koss, E&E reporter  •    •  Posted 2015-07-22 06:38:14

The Senate Finance Committee voted today to grant a reprieve to an assortment of expired energy tax credits, after wind opponents withdrew amendments targeting the renewable production tax credit. On a 23-3 vote, senators approved the extenders package, which revives 52 on-again, off-again tax breaks for two years. Sens. Dan Coats (R-Ind.), Mike Enzi (R-Wyo.) and Pat Toomey (R-Pa.) were the lone votes in opposition. Finance Chairman Orrin Hatch (R-Utah) opened the markup by urging his colleagues to focus on “relatively noncontroversial changes to recently expired tax provisions and the offsets needed for these changes.” [ read more … ]

Dozens of Expired Tax Breaks Would Get Renewed Under Bill

By The Associated Press  •    •  Posted 2015-07-22 06:38:47

Businesses big and small would get to keep claiming dozens of tax breaks that expired at the start of the year under a bill that overwhelmingly passed the Senate Finance Committee Tuesday. Struggling homeowners and people who live in states without a state income tax would get to keep their tax breaks, too. The bill would extend more than 50 tax credits, exemptions and deductions through 2016, beyond the upcoming presidential election. It would add $95 billion to the budget deficit over the next decade, according to the nonpartisan Joint Committee on Taxation, which provides official estimates for Congress. [ read more … ]

HP to Power Texas Data Centers With Wind Energy

By DIANE CARDWELL, New York Times  •    •  Posted 2015-07-22 06:39:15

For years, clean energy developers could look to only a small handful of corporations as project partners or customers for their power. Mostly, there was Google, and a few other high-tech companies that worked directly with wind and solar developers to help green their energy use. Now, that appears to be changing. On Tuesday, Hewlett-Packard announced a 12-year contract to buy 112 megawatts from a wind farm that SunEdison is expanding in Texas. That is enough, HP said, to operate its data centers there, the equivalent of powering 42,600 homes each year. [ read more … ]

Continuing slump in oil prices will slow electric vehicle market and biofuel use, experts say

Lisa Friedman, E&E reporter  •    •  Posted 2015-07-22 06:39:34

But when it comes to low-carbon energy, Levi said, “The oil price drop is not nearly as bad for renewable energy as people imagine at first glance. But that doesn’t mean it’s totally disconnected.” He said the big wild card is if renewable energy policies weaken in the face of dipping prices. “Even if it is unjustified, lower oil prices tend to make people less interested in energy policy in general, and that includes climate policy,” he said. [ read more … ]

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