Wind energy is expected to grow in the U.S. over the next two years, but the expiration of the wind Production Tax Credit has cast doubt on the future beyond 2015 despite declines in cost and prices, says the Department of Energy’s annual report on the sector, according to Platts.
The New Jersey Board of Public Utilities has to look again at the wind farm proposed by Fishermen’s Energy that it rejected in March, in part because of a $47 million grant the Department of Energy awarded to the project in May, according to a ruling from a state appeals court, The Record reports.
The Interior Department is set to hold its third competitive Atlantic Ocean offshore wind energy lease sale on Tuesday, one that has attracted the interest of more than a dozen companies who could tap into Maryland's new subsidy program.
The lease sale makes available nearly 80,000 acres extending to the east and south from about 10 miles off Ocean City, Md., with 16 companies signed up to bid, the department's Bureau of Ocean Energy Management said.
Energy Secretary Ernest Moniz wants the public -- and Congress -- to know that the average cost of wind power has reached a new low, but future growth of the industry depends on renewal of the wind Production Tax Credit.
The credit expired at the end of last year, but because it applied to projects that had gotten underway, the industry has had time to lobby lawmakers for a renewal before construction falls off after those projects are completed.
Bill Miller, CEO of Power Company of Wyoming LLC, says his firm’s Chokecherry and Sierra Madre 3,000-megawatt wind farm would benefit if Congress restored the wind production tax credit, but the project will go ahead regardless, the Casper Star-Tribune reports.
The U.S. Court of Appeals for the District of Columbia Circuit on Thursday lifted a stay on the Environmental Protection Agency’s implementation of its Cross-State Air Pollution Rule, although legal arguments on challenges to some aspects of the regulation are set to take place next March, E&E reports.
Producers for American Crude Exports, or PACE, for short, is made up of more than a dozen independent oil companies who would like to see the decades-old U.S. ban on crude exports overturned, Reuters reports.
The Federal Energy Regulatory Commission staff has cleared the Constitution pipeline on its environmental impact, leaving Commissioners to make the final decision on the project, which is intended to add some 650 million cubic feet of natural gas capacity in New York and New England, FuelFix reports.
If the Federal Energy Regulatory Commission approves changes that PJM Interconnection will suggest to the rules, it’s possible the wholesale electricity market manager might find a way to keep a demand response program going despite legal challenges, E&E reports.
Rising global supply and sluggish demand were continuing to weigh on oil prices. U.S. benchmark crude for December delivery dropped $1.08 to settle at $81.01 a barrel on the Nymex, $1.74 lower than the price a week ago, while Brent finished at $86.13, a loss of 70 cents on the day and 3 cents less than last Friday’s settlement price, Reuters reports.
ConocoPhillips, alongside partners including BP and Exxon Mobil, has announced what it says is the first new drilling in the North Slope’s Kuparuk River Field in nearly a dozen years, a well to come on line in 2016 that will add 8,000 barrels a day of production, Platts reports.
In one of the most hotly contested and expensive House races in the country, Rep. Nick Rahall, D-W.Va., is battling against Republican candidate Evan Jenkins and powerful conservative groups backed by the Koch brothers, The New York Times reports.
Kristin Jacobs – who has turned in a strong performance in her campaign to be elected to the Florida House of Representatives in a flood-prone Miami district – is one of a number of candidates who are successfully pressing climate change as an issue even when polls say it’s not a top voter concern, The New York Times reports.
Opower says pilot programs run in Vermont and Southern California over the summer, which involved contacting customers to ask them to go easier on their air conditioning and then reporting back to them on how much electricity they saved compared to their neighbors, cut usage by nearly 3 percent on a number of hot days, The Washington Post reports.