U.S. Energy News

Can clean energy thrive under old utility business models?

UTILITIES: As Colorado’s largest utility pushes for more authority to expand its generation and transmission to meet ambitious new clean energy targets, some critics say it’s time for a new utility model that rewards performance, not assets to be depreciated. (Energy News Network)

OFFSHORE WIND: A new report anticipates 18.6 GW of offshore wind development off the East Coast requiring an investment of more than $68 billion. (Greentech Media)

***SPONSORED LINK: Join solar, clean energy & utility experts at the 6th annual Midwest Solar Expo, May 1-2 in Minneapolis. Two action-packed days of all-star speakers, exhibits, networking, SolarWakeup Live! interviews, startup showcase, receptions & more. Register today!***

SOLAR:
Iowa pork producers emerge as a politically powerful opponent to utility efforts to scale back rooftop solar incentives. (Energy News Network)
A California company becomes the fastest growing solar lender in the nation, financing about 21 percent of all solar loans in the U.S. (Greentech Media)

RENEWABLES:
• New Mexico’s largest utility will produce 100% carbon-free electricity by 2040, five years earlier than what the state’s new clean energy mandate requires. (Albuquerque Journal)
• Nevada’s governor signs a bill into law raising the state’s renewable energy standard to 50 percent by 2030. (Nevada Appeal)
• Salt Lake City leaders and environmental advocates celebrate a new law allowing three Utah cities to work with the state’s largest power provider to achieve net 100% renewable energy by 2030. (Salt Lake Tribune)

ELECTRIC VEHICLES:
• The rise of electric vehicles could bring in $3 billion to $10 billion for utilities through grid upgrades and other programs, analysts say. (E&E News, subscription)
• Charging companies say resolving interconnection concerns with utilities is critical for an adequate build-out of electric vehicle infrastructure. (Utility Dive)

PIPELINES: West Virginia environmental regulators cancel a public hearing for a pipeline because of “security concerns” and then quietly issue a permit for it. (Charleston Gazette-Mail)

OIL & GAS: A federal watchdog office says the Interior Department needs to improve oversight of offshore oil and gas activities. (E&E News)

COAL: The Indiana Chamber of Commerce rejects pleas from former U.S. EPA head Scott Pruitt to support legislation that keeps coal plants open. (Reuters)

BIOFUELS: The oil industry complains that U.S. Agriculture Secretary Sonny Perdue has taken on an outspoken role to support the ethanol industry. (E&E News, subscription)

CARBON:
• Verizon says it will go carbon-neutral by 2035 and hints at “significant” announcements on renewable purchases in the next year. (Greentech Media)
• The National Hockey League says it will purchase carbon credits to offset airline emissions related to its playoffs. (Reuters)
California is paying farmers millions of dollars to grow plants to absorb carbon as part of the state’s climate change efforts. (KQED)

***SPONSORED LINK: GTM’s 12th annual Solar Summit is taking place May 14-15 in Scottsdale, Arizona. With two days of packed networking opportunities and top market intelligence, this conference is the premier event for defining industry needs and creating new business opportunities.***

POLITICS:
• Maine’s AFL-CIO becomes the first state labor group to endorse a Green New Deal-themed piece of legislation. (In These Times)
• Elizabeth Warren vows to make the Green New Deal the centerpiece of her administration’s climate policy if she’s elected president. (HuffPost)
• Bernie Sanders promises a “just transition” and says jobs created under the Green New Deal will pay at least as much as existing fossil fuel jobs. (HuffPost)
• Jay Inslee in a letter to fellow 2020 Democratic presidential candidates asks them to join him in asking the DNC to hold a climate debate. (Grist)

COMMENTARY:
• A public policy institute says the nuclear industry has learned how to game state policies to promote clean energy into massive subsidies for itself. (Politico)
• David Roberts writes that Fox News has united conservatives against the Green New Deal, while the left remains divided on the vision. (Vox)
• A transformation is underway in the U.S. power sector as utilities begin to get serious about climate, a sustainability advocate writes. (Utility Dive)

Comments are closed.