HYDROPOWER
On September 17, 2014, the Senate Committee on Finance held a hearing titled “Reforming America’s Outdated Energy Tax Code” to discuss possible reforms to the U.S. energy tax policy. Senate Finance Committee Chairman Sen. Ron Wyden (D-OR) underscored the need for predictable, level playing-field tax policy that puts renewables on the same footing as other…...
A new 14 MW hydroelectric facility at New York’s Cannonsville Reservoir will advance New York City’s PlaNYC goals, reducing upstate electric costs and emissions. On September 16, 2014, the New York City Department of Environmental Protection (DEP) announced that it will build a 14 MW hydroelectric facility at the Cannonsville Reservoir in Delaware County. The…...
The New York Department of Public Service (DPS) staff has issued a Straw Proposal on achieving the Reforming the Energy Vision (REV) Track One goals. The straw proposal reaffirms the initial April 24 proceeding which identified utilities’ role in managing a distributed system platform (DSP) and growing the state’s existing Distributed Energy Resource (DER) assets. Despite…...
On August 7, 2014, California and Quebec held a successful practice joint carbon emissions allowance auction in preparation for the first ever cross-border auction on November 2014. Despite varied participation levels in Quebec’s first four auctions, activity is expected to increase with program maturity and the upcoming 2015 compliance deadline.The programs – under the Western…...
Hawaiian Electric Companies have proposed comprehensive electric energy plans with a goal to achieve more than 65 percent renewable energy by 2030. On August 26, 2014, the Hawaiian Electric Companies – Hawaiian Electric, Maui Electric, and Hawaii Electric Light Company – proposed electric energy plans in response to the Hawaii Public Utilities Commission’s (PUC)…...
Summer and winter peak electricity demand records of 33,956 MW and 25,738 MW were set in 2013 and 2014, highlighting the need for a diverse and reliable generation mix. Increased wind and solar energy installations will help meet RPS goals, with increases in imported Canadian hydropower to address future goals and EPA-proposed emissions standards. In…...
IRS Notice 2014-46 provides additional eligibility clarification for renewable energy tax credits and lowers the Safe Harbor requirement from 5 percent to 3 percent. On August 8, 2014, the Treasury Department and the Internal Revenue Service (IRS) released guidance (Notice 2014-26) providing additional clarification regarding eligibility requirements for the renewable electricity production tax credit (PTC)…...
The Clean Energy Resources Bill would require minimum annual clean energy contracts of 18.9 million megawatt-hours of electricity for 20-25 years. Massachusetts’ H.3968, An Act Relative to Clean Energy Resources, introduced by Rep. Mark J. Cusack (D-MA) and Sen. Barry R. Finegold (D-MA) on June 18, would require electricity distribution companies to solicit proposals for…...
The House has approved a $34B energy and water spending bill for FY 2015 to provide funding for nuclear security efforts, energy security, and infrastructure projects. On July 10, 2014, the House of Representatives passed the 2015 Energy and Water Development and Related Agencies Appropriations Act (H.R. 4923) by a vote of 253-170. The bill,…...
DOE has issued a $4B loan guarantee solicitation to support innovative renewable energy and energy efficiency projects that mitigate greenhouse gas emissions. On July 3, 2014, the Department of Energy (DOE) issued a loan guarantee solicitation of up to $4B for innovative renewable energy and energy efficiency projects aimed to prevent, reduce, or sequester greenhouse…...
Revisions to New York’s Main Tier RPS will increase contract lengths for large-scale renewable projects from 10 years to 20 years, providing greater investor certainty. On July 2, 2014, the New York State Public Service Commission (PSC) announced major changes to the state’s Main Tier Renewable Portfolio Standard (RPS) program to promote large-scale renewable projects…....
The New York State Reforming the Energy Vision (REV) initiative aims to answer the question of how to proceed with New York’s energy future in the face of aging electric generating plants and the need for a more resilient energy infrastructure. Overview The initiative – announced by Governor Cuomo in April 2014 – tasks the…...