CARSON CITY, Nev. (AP) — The first two bills designed to seal a deal to bring Tesla Motors' $5 billion battery factory to Nevada sailed through the Assembly unanimously Thursday as one lawmaker called the project the biggest thing to hit the state since the Hoover Dam.
After just two minutes of debate, the Assembly voted 39-0 and sent to the Senate a bill that would help finance Tesla's tax breaks by ending a $125 million subsidy to insurance companies that locate their home offices in Nevada.
On another 39-0 vote about eight minutes later, they approved discounted electricity rates for the electric-car maker's "gigafactory" expected to help create more than 20,000 jobs and inject up to $100 billion into the state's economy over the next 20 years.
CARSON CITY, Nev. (AP) — Critics say Nevada lawmakers are gambling with taxpayers' money, but they clearly were in the minority Wednesday night as legislators moved forward with an unprecedented package of up to $1.3 billion in incentives they hope to approve in the days ahead to bring Tesla Motors' $5 billion battery factory to the state.
Republican Gov. Brian Sandoval urged legislators in the two Democrat-controlled houses to seize an "extraordinary opportunity" to land the electric car maker's "gigafactory" and the tens of thousands of jobs he said would help pull Nevada from the worst economic crisis in state history.
CARSON CITY, Nev. (AP) — Opposition emerged Wednesday as Nevada lawmakers began negotiating over whether to approve a complex package of up to $1.3 billion in incentives for Tesla Motors in a special session ordered by Gov. Brian Sandoval to seal the deal to bring the electric car-maker's $5 billion battery factory to the state.
The Republican governor urged legislators in the two Democrat-controlled houses to seize an "extraordinary opportunity" to land the $5 billion "gigafactory" and tens of thousands of jobs he says would help pull Nevada from its worst economic crisis in state history.
As Chevron continues to shed its renewable portfolio, it has sold off the Hawaii office of Chevron Energy Solutions to Opterra Energy Services, owned by Oaktree Capital Management LP, Pacific Business News reports.
RENO, Nev. (AP) — Gov. Brian Sandoval has ordered the Nevada Legislature into a special session to consider $1.3 billion in tax breaks and other incentives for electric car-maker Tesla Motors as part of "an extraordinary opportunity" to seal the deal for its $5 billion battery factory and tens of thousands of jobs he says are needed to recover from the worst economic crisis in state history.
Majority Democrats in the Senate and Assembly intended to open the session Wednesday to begin work on the package the Republican governor says would help further diversify Nevada's hard-hit, tourism-based economy through new and innovative technology.
A debate is heating up in Washington over the best way to encourage the generation of more solar power, in particular whether to open the door to leasing, a move opposed by solar installation companies currently operating in the state, The Seattle Times reports.
Questions surrounding how developers of renewable power projects would get subsidies if Scotland votes for independence are just a few of the issues of concern in the energy sector, given that Scotland exports electricity and generates more than 40 percent of Britain’s wind power capacity, Bloomberg reports.
LAS VEGAS (AP) — Construction has begun on a $1 billion solar power generating station in the Mohave Desert that officials say will produce enough electricity to power about 80,000 California homes when it is completed in 2016.
The 250-megawatt project, dubbed Silver State South, will capture solar energy with panels spread across almost 4 square miles of federal land south of Las Vegas, according to a fact sheet obtained Friday from a First Solar Inc. representative.
Cellular and broadband provider Verizon’s move to expand its renewable energy portfolio by doubling its generation of solar power should boost the company’s bottom line, sustainability officer James Gowen said in a post on the company's website, E&E reports.
The Interior Department rule governing drilling on federal lands should contain “the strongest possible safeguards,” according to a letter sent to the Office of Management and Budget by Massachusetts Sen. Ed Markey and 11 of his Democratic colleagues, FuelFix reports.
Agreements reached between President Barack Obama and Prime Minister Narendra Modi during the Indian leader’s visit to the White House include a strategic partnership to improve energy security, clean energy and climate change resilience, The Hill reports.
Ahead of the weekly stockpile report issued Wednesday, oil was trading slightly higher the day after a big plunge. West Texas Intermediate crude for November delivery was up 43 cents to $91.59 in electronic trading on the Nymex, while in London Brent climbed 19 cents to $94.86, Bloomberg reports.
Shares in oilfield equipment maker National Oilwell Varco have dropped some 2.6 percent since the company announced it would buy back $3 billion worth from investors, the repurchase a sign that the firm may be running out of acquisition targets, FuelFix reports.
Seven Western states are starting up an energy imbalance market this week, which offers up electricity to buyers in five-minute increments, giving them a chance to smooth out the impact of more variable renewable energy into the grid, E&E reports.
The retirement of coal plants over the next six years – pushed by tougher federal emissions regulations – should cause an increase of up to 5 billion cubic feet a day in demand for natural gas, according to Standard & Poor’s Ratings Direct, Platts reports.
Claiming in a report that African-Americans bear a greater brunt of the health impacts from the use of coal as an energy source, the NAACP is calling for a more just energy policy in Utah and across the rest of the country, which would encourage developing alternative energy and clean energy, according to the Deseret News.
As technology advances -- with the availability of cheap sensors and a proliferation of software to help collect and analyze the data they gather -- the drive toward more energy efficiency in buildings is getting a big boost, The Wall Street Journal reports.
A special fund launched in Mexico Tuesday will handle income from the country’s oil and gas sector -– which has been newly opened to private investment –- giving some of it to the federal government and directing some to long-term savings, The Wall Street Journal reports.