/PRNewswire/ -- With the signature of Governor Nathan Deal, Georgia's solar energy tax credit is increasing to $5 million annually in 2012, 2013 and 2014 from the current $2.5 million yearly limit. The new law, which the General Assembly approved last month, helps ensure that the vibrant solar energy industry in Georgia continues to thrive, creating jobs and new investment opportunities statewide.
Businesses are eligible to receive up to $500,000 in tax credits to offset the cost of installing solar photovoltaic (PV) electricity generating systems, and homeowners are eligible to receive up to $10,500 in tax credits for residential solar energy systems. The tax credits must be taken over four years. If the $5 million ceiling is reached in any year, eligible taxpayers on a waiting list will have priority over taxpayers that apply for the credits in subsequent years. The Georgia Department of Revenue will determine other administrative details about the tax credits.
Georgia Solar Energy Association (GSEA) Board Member and Advocacy & Education Committee Chairman Greg Chafee, head of the Energy Practice at Morris Manning & Martin, said Governor Deal's leadership made a crucial difference in creating the new solar investment opportunity.
"Thanks to support from Governor Deal, Senate Floor Leader Ronnie Chance (R-Peachtree City), and Representative David Knight, (R-Griffin) Chairman of the Special Committee on Small Business Development and Job Creation, a robust solar energy industry in Georgia will generate employment, improve and diversify our energy infrastructure, and bring the latest in technological innovation to the state," Chafee said.
Anthony Coker, Senior Director for Suniva, Inc., and Vice-Chairman of GSEA, said the increased solar tax credits will help Georgia compete in the economic development market with a meaningful ripple effect on the state's economy.
GSEA board member Sylvia Minton, senior vice president for Mage Solar, a German solar manufacturer with a production facility in Dublin, Ga., Board Member James Marlow, CEO of Radiance Solar, and GSEA State Program Director Joy Kramer attended the signing ceremony at the Georgia State Capitol.
In 2010, clean energy tax credits totaling almost $2 million were awarded to 47 solar PV projects and 90 solar water heating installations in Georgia. The tax credits helped to develop major new solar energy projects including:
* Choate Construction Company Headquarters Building, Atlanta, 74 KW capacity, designed and built by Empower Energy Technology, Atlanta, $575,000 pre-incentive value.
* White Oak Pastures, Bluffton, Ga., beef processing facility, 50,000-watt capacity, $326,000 pre-incentive value, designed and built by Hannah Solar, Atlanta.
* Persimmon Creek Vineyards, sustainable winery in Clayton, GA, solar array designed and built by Radiance Solar, Atlanta.
GSEA Chairman Doug Beebe said he is grateful that Governor Deal and legislative leaders recognize the growing contribution the solar industry is making to Georgia's economy.
"The increased availability of tax credits provides encouragement and support for our hard-working, solar manufacturers, installers, suppliers and consultants to help ensure that they continue to grow and flourish," Beebe said while also noting the upcoming June 24th Solar Summit at Georgia Tech Research Institute Conference Center.
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Showing posts with label energy. Show all posts
Showing posts with label energy. Show all posts
Thursday, May 12, 2011
Tuesday, February 1, 2011
Georgia Power Strikes Solar Power Deal With Dalton Utilities
/PRNewswire/ -- Georgia Power recently acquired a series of solar projects of up to 1 megawatt (MW) in Murray County, Ga., co-developed by United Renewable Energy LLC and Mack Creek Energy LLC.
Georgia Power will sell the output from the facility to Dalton Utilities.
The plant will be constructed on Looper Bridge Road in Dalton by United Renewable Energy and will be owned and operated by Georgia Power.
Under the terms of the deal, Georgia Power will lease property for the solar facility from Dalton Utilities, which will purchase 100 percent of the plant's capacity and energy through a 25-year power purchase agreement.
"Dalton Utilities is excited to be part of this project," said Don Cope, Dalton Utilities President and CEO. "This is a major initiative in expanding green energy in the State of Georgia. Upon the completion of this project, Dalton Utilities and its corporate customers will be able to advertise the fact that we are utilizing 'green' energy which has become increasingly important in today's market. This is one of several sustainable/renewable/green initiatives Dalton Utilities is in the process of developing."
Energy produced from the solar facility will be sold on the wholesale market therefore the cost of the facility will not become part of Georgia Power's retail rate base. All of the renewable energy credits from the facility will be conveyed to Dalton Utilities. The first phase of the facility is expected to begin commercial operations in spring 2011.
"This contract marks the first time Georgia Power has acquired a solar energy production facility to serve the wholesale market," said Jeff Burleson, Georgia Power's director of Resource Policy and Planning. "Not only will it increase the amount of solar resources in the state, but it also strengthens our partnership with Dalton Utilities, a fellow co-owner of the two new nuclear units under construction at Plant Vogtle."
The facility will be developed in phases with each phase comprising approximately 350 kW. Georgia Power has the option to construct two additional 350 kW phases for a total of 1 MW by January 2014. One megawatt is enough energy to supply a Super Target or approximately 400 Georgia residences.
"As a solar EPC company headquartered in Georgia," said William Silva, President of United Renewable Energy, "we applaud Dalton Utilities' vision, and Georgia Power's support of solar energy in the state. Over 100 solar jobs were created in the state of Georgia last year."
With the addition of this contract, Georgia Power's energy portfolio includes contracts with 14 qualified biomass and renewable facilities throughout the state that generate 28 MW of capacity, or enough renewable energy to power more than 11,200 homes. These contracts include electricity generated from wood waste, landfill methane gas, and hydro.
Dalton Utilities provides potable water, electric, natural gas, wastewater, stormwater and telecommunications services to approximately 77,000 customers in Dalton and five surrounding counties. Dalton Utilities is engaged in various sustainable/green energy projects including the use of treated wastewater to cool a merchant power plant, creating biodiesel from its wastewater stream, the composting of biosolids and the reuse of carpet waste to generate electricity.
Georgia Power is the largest subsidiary of Southern Company, one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying utility with rates well below the national average. Georgia Power serves 2.3 million customers in all but four of Georgia's 159 counties. www.georgiapower.com
United Renewable Energy is a solar project developer and multistate electrical contractor specializing in solar photovoltaics. Operating throughout the east coast, United Renewable Energy designs, procures, finances and installs high quality turnkey utility and commercial solar projects. www.u-renew.com
Mack Creek Energy develops innovative, lowest-cost renewable power projects, with a focus on utility customers that have large fleets of baseload coal generation, such as Georgia Power Company.
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Georgia Power will sell the output from the facility to Dalton Utilities.
The plant will be constructed on Looper Bridge Road in Dalton by United Renewable Energy and will be owned and operated by Georgia Power.
Under the terms of the deal, Georgia Power will lease property for the solar facility from Dalton Utilities, which will purchase 100 percent of the plant's capacity and energy through a 25-year power purchase agreement.
"Dalton Utilities is excited to be part of this project," said Don Cope, Dalton Utilities President and CEO. "This is a major initiative in expanding green energy in the State of Georgia. Upon the completion of this project, Dalton Utilities and its corporate customers will be able to advertise the fact that we are utilizing 'green' energy which has become increasingly important in today's market. This is one of several sustainable/renewable/green initiatives Dalton Utilities is in the process of developing."
Energy produced from the solar facility will be sold on the wholesale market therefore the cost of the facility will not become part of Georgia Power's retail rate base. All of the renewable energy credits from the facility will be conveyed to Dalton Utilities. The first phase of the facility is expected to begin commercial operations in spring 2011.
"This contract marks the first time Georgia Power has acquired a solar energy production facility to serve the wholesale market," said Jeff Burleson, Georgia Power's director of Resource Policy and Planning. "Not only will it increase the amount of solar resources in the state, but it also strengthens our partnership with Dalton Utilities, a fellow co-owner of the two new nuclear units under construction at Plant Vogtle."
The facility will be developed in phases with each phase comprising approximately 350 kW. Georgia Power has the option to construct two additional 350 kW phases for a total of 1 MW by January 2014. One megawatt is enough energy to supply a Super Target or approximately 400 Georgia residences.
"As a solar EPC company headquartered in Georgia," said William Silva, President of United Renewable Energy, "we applaud Dalton Utilities' vision, and Georgia Power's support of solar energy in the state. Over 100 solar jobs were created in the state of Georgia last year."
With the addition of this contract, Georgia Power's energy portfolio includes contracts with 14 qualified biomass and renewable facilities throughout the state that generate 28 MW of capacity, or enough renewable energy to power more than 11,200 homes. These contracts include electricity generated from wood waste, landfill methane gas, and hydro.
Dalton Utilities provides potable water, electric, natural gas, wastewater, stormwater and telecommunications services to approximately 77,000 customers in Dalton and five surrounding counties. Dalton Utilities is engaged in various sustainable/green energy projects including the use of treated wastewater to cool a merchant power plant, creating biodiesel from its wastewater stream, the composting of biosolids and the reuse of carpet waste to generate electricity.
Georgia Power is the largest subsidiary of Southern Company, one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying utility with rates well below the national average. Georgia Power serves 2.3 million customers in all but four of Georgia's 159 counties. www.georgiapower.com
United Renewable Energy is a solar project developer and multistate electrical contractor specializing in solar photovoltaics. Operating throughout the east coast, United Renewable Energy designs, procures, finances and installs high quality turnkey utility and commercial solar projects. www.u-renew.com
Mack Creek Energy develops innovative, lowest-cost renewable power projects, with a focus on utility customers that have large fleets of baseload coal generation, such as Georgia Power Company.
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Thursday, October 14, 2010
Prevent vampires from wasting energy in your home
Just like a vampire can steal energy from an unsuspecting victim, an idle home appliance can bleed power from a home and unnecessarily add to its electric bill.
Did you unplug the coffeemaker before you left home this morning? If not, it is still pulling a small amount of electricity. This is called “phantom” or “vampire” energy. Most small appliances do not use a lot of electricity while still plugged in or in standby mode, but there use is being recorded. You will pay for those watts of electricity.
A phone charger, for example, plugged in with no cell phone attached uses phantom energy. Computers, printers, hard drives and monitors all still pull electricity while plugged in and not being used.
The best way to stop this phantom energy waste is to use a power strip or surge protector. By plugging electronics into these, you can turn off the power to the strip or protector and eliminate the flow of electricity.
To reduce the electricity used by a computer, turn it and its monitor off if you’re not going to use it for more than two hours. If you’re not going to use the monitor for more than 20 minutes, turn it off.
There is a surge of electricity when your computer is initially turned on, but overall it’s much less than the electricity used when the computer is in standby mode. Another misconception is that screen savers are energy savers. Many screen savers actually use more energy than if the computer was on without a screen saver in place.
To save energy, purchase Energy Star® computers and other appliances. These appliances and electronics carry the Energy Star logo.
As with all energy-saving tips, apply the ideas that make sense for your household. If you have to reprogram television or cable remotes every time you unplug the television, DVD player or cable box, this may result in too much time or too much of an inconvenience for you.
Working together, families can do simple things like turn off lights when they leave a room or unplug small appliances that are not being used. Replacing light bulbs with compact florescent bulbs can save energy, too. CFL bulbs cost a little more than traditional bulbs, but they last five to seven years.
For more energy-savings tips, contact your local University of Georgia Cooperative Extension office at 1-800-ASK-UGA1, or your local power provider.
By Jackie Dallas
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Did you unplug the coffeemaker before you left home this morning? If not, it is still pulling a small amount of electricity. This is called “phantom” or “vampire” energy. Most small appliances do not use a lot of electricity while still plugged in or in standby mode, but there use is being recorded. You will pay for those watts of electricity.
A phone charger, for example, plugged in with no cell phone attached uses phantom energy. Computers, printers, hard drives and monitors all still pull electricity while plugged in and not being used.
The best way to stop this phantom energy waste is to use a power strip or surge protector. By plugging electronics into these, you can turn off the power to the strip or protector and eliminate the flow of electricity.
To reduce the electricity used by a computer, turn it and its monitor off if you’re not going to use it for more than two hours. If you’re not going to use the monitor for more than 20 minutes, turn it off.
There is a surge of electricity when your computer is initially turned on, but overall it’s much less than the electricity used when the computer is in standby mode. Another misconception is that screen savers are energy savers. Many screen savers actually use more energy than if the computer was on without a screen saver in place.
To save energy, purchase Energy Star® computers and other appliances. These appliances and electronics carry the Energy Star logo.
As with all energy-saving tips, apply the ideas that make sense for your household. If you have to reprogram television or cable remotes every time you unplug the television, DVD player or cable box, this may result in too much time or too much of an inconvenience for you.
Working together, families can do simple things like turn off lights when they leave a room or unplug small appliances that are not being used. Replacing light bulbs with compact florescent bulbs can save energy, too. CFL bulbs cost a little more than traditional bulbs, but they last five to seven years.
For more energy-savings tips, contact your local University of Georgia Cooperative Extension office at 1-800-ASK-UGA1, or your local power provider.
By Jackie Dallas
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Thursday, October 7, 2010
Save Money and Energy; Take the ENERGY STAR® Pledge
/PRNewswire/ -- Georgia Power is encouraging its customers to help the environment by supporting the U.S. Environmental Protection Agency's (EPA) "Change the World, Start with ENERGY STAR" campaign. A key portion of the yearlong campaign focuses on lighting, which kicked off on "Change a Light" day, Oct. 6.
The campaign asks consumers to take the pledge to change at least one standard incandescent light bulb to an ENERGY STAR qualified compact fluorescent light bulb (CFL), switch to ENERGY STAR qualified appliances and products, use a programmable thermostat, ensure their home is well-insulated and make other energy-efficient lifestyle changes.
"We want our customers to understand that the smallest things can add up to a real difference. A small step like pledging to change at least one incandescent bulb in a home or business to a CFL can save money, energy and help the environment," said Angela Strickland, Georgia Power's director of Energy Efficiency. "Energy efficiency is a priority for Georgia Power and we see tremendous value in equipping our customers with information on ENERGY STAR programs and products that can benefit them."
Changing a standard light bulb to an ENERGY STAR qualified CFL can save more than $30 over the life of the bulb. ENERGY STAR qualified CFLs use 75 percent less energy and last up to 10 times longer. Choose ENERGY STAR qualified appliances and products for your home and save. ENERGY STAR appliances not only use 10 percent to 50 percent less energy, they also use less water.
Georgia Power will promote the campaign to its customers beginning Oct. 4, in conjunction with Customer Service Appreciation Week, a national event which recognizes the importance of customer service and honors the frontline workforce that serves customers.
Customers are invited to take the pledge online at www.georgiapower.com or look for the pledge card in their October bills.
"Georgia Power has been an ENERGY STAR partner since 2004. We are proud to have been recognized as EPA's national pledge leader for the past two years and ranked in the top-five national pledge leaders since 2006," Strickland said. "We hope to continue our forward momentum during this year's campaign, which concludes April 2011. We encourage all of our customers to take the pledge and change a light!"
In 2009, Georgia Power distributed more than 120,000 CFLs, and since 2006 more than 450,000 CFLs have been given in exchange for a pledge.
If household customers are looking for a place to recycle used CFLs, there's no need to worry. Georgia Power has partnered with The Home Depot to offer recycling for compact fluorescent light bulbs at the retailer's stores in Georgia.
Georgia Power sponsors in-store bins at all 88 The Home Depot locations in the state, which creates the state's most widespread recycling program for CFLs and brings relatively convenient recycling within reach of most households.
Over 23,000 pounds of CFLs have been recycled through Georgia Power's partnership with The Home Depot. For more information about the CFL recycling program, visit www.homedepot.com/ecooptions.
Georgia Power encourages its customers to practice energy efficiency year-round. For additional money-saving energy efficiency tips, visit www.georgiapower.com. For additional information about ENERGY STAR, visit www.energystar.gov.
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The campaign asks consumers to take the pledge to change at least one standard incandescent light bulb to an ENERGY STAR qualified compact fluorescent light bulb (CFL), switch to ENERGY STAR qualified appliances and products, use a programmable thermostat, ensure their home is well-insulated and make other energy-efficient lifestyle changes.
"We want our customers to understand that the smallest things can add up to a real difference. A small step like pledging to change at least one incandescent bulb in a home or business to a CFL can save money, energy and help the environment," said Angela Strickland, Georgia Power's director of Energy Efficiency. "Energy efficiency is a priority for Georgia Power and we see tremendous value in equipping our customers with information on ENERGY STAR programs and products that can benefit them."
Changing a standard light bulb to an ENERGY STAR qualified CFL can save more than $30 over the life of the bulb. ENERGY STAR qualified CFLs use 75 percent less energy and last up to 10 times longer. Choose ENERGY STAR qualified appliances and products for your home and save. ENERGY STAR appliances not only use 10 percent to 50 percent less energy, they also use less water.
Georgia Power will promote the campaign to its customers beginning Oct. 4, in conjunction with Customer Service Appreciation Week, a national event which recognizes the importance of customer service and honors the frontline workforce that serves customers.
Customers are invited to take the pledge online at www.georgiapower.com or look for the pledge card in their October bills.
"Georgia Power has been an ENERGY STAR partner since 2004. We are proud to have been recognized as EPA's national pledge leader for the past two years and ranked in the top-five national pledge leaders since 2006," Strickland said. "We hope to continue our forward momentum during this year's campaign, which concludes April 2011. We encourage all of our customers to take the pledge and change a light!"
In 2009, Georgia Power distributed more than 120,000 CFLs, and since 2006 more than 450,000 CFLs have been given in exchange for a pledge.
If household customers are looking for a place to recycle used CFLs, there's no need to worry. Georgia Power has partnered with The Home Depot to offer recycling for compact fluorescent light bulbs at the retailer's stores in Georgia.
Georgia Power sponsors in-store bins at all 88 The Home Depot locations in the state, which creates the state's most widespread recycling program for CFLs and brings relatively convenient recycling within reach of most households.
Over 23,000 pounds of CFLs have been recycled through Georgia Power's partnership with The Home Depot. For more information about the CFL recycling program, visit www.homedepot.com/ecooptions.
Georgia Power encourages its customers to practice energy efficiency year-round. For additional money-saving energy efficiency tips, visit www.georgiapower.com. For additional information about ENERGY STAR, visit www.energystar.gov.
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Tuesday, September 21, 2010
HHS releases $101 million in emergency funding to states for energy assistance
Georgia to receive $1,081,787 for energy assistance
U.S. Department of Health and Human Services Secretary Kathleen Sebelius today (September 20) announced the release of $101 million in emergency contingency funding to help eligible low-income homeowners and renters meet their home energy needs. These Low-Income Home Energy Assistance Program (LIHEAP) contingency funds will provide states, territories, tribes and the District of Columbia with additional assistance to pay heating and cooling costs. Funds will be allocated to all states based on their regular (old) block grant allocations.
"During these times of economic uncertainty, far too many Americans face difficulties affording the basics, such as utilities" said HHS Secretary Sebelius. "The release of these funds will help ease those worries, and assure individuals, particularly those with the lowest incomes that pay a high proportion of household income for home energy, that they will not be left behind during the cold winter months ahead."
LIHEAP helps eligible families pay for home heating and cooling costs, as well as helping weatherize eligible families' homes. In recent years, more than eight million low-income households across the country receive assistance under LIHEAP.
As part of this Administration's effort to maximize federal funds, the department has focused on strengthening the program's operations and ensuring integrity at every level. Earlier this year, HHS requested strategic plans from each state to outline their tactics for improving efficiency and integrity in LIHEAP programs. Those plans, having all now been received, are being reviewed to make sure states are using effective program management and improper-payment-prevention strategies to ensure these funds are reaching the families who need them most.
The contingency funds released today are in addition to the $4.5 billion in LIHEAP block grant funding and the $490 million in emergency contingency funds received by states earlier this year. Funds released today are the remaining from FY 2010 LIHEAP contingency fund available for this fiscal year.
In total, Congress appropriated $5.1 billion for LIHEAP in Fiscal Year 2010. "We are releasing these funds at a time when many Americans are struggling to find jobs and make ends meet as our economy begins to recover. These funds will help many families and seniors heat their homes in the coming winter," said David A. Hansell, HHS acting assistant secretary for children and families.
Individuals interested in applying for energy assistance should contact their local/state LIHEAP agency. For more information go to http://www.acf.hhs.gov/programs/ocs/liheap/ or http://www.acf.hhs.gov/programs/ocs/liheap/brochure/brochure.html.
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U.S. Department of Health and Human Services Secretary Kathleen Sebelius today (September 20) announced the release of $101 million in emergency contingency funding to help eligible low-income homeowners and renters meet their home energy needs. These Low-Income Home Energy Assistance Program (LIHEAP) contingency funds will provide states, territories, tribes and the District of Columbia with additional assistance to pay heating and cooling costs. Funds will be allocated to all states based on their regular (old) block grant allocations.
"During these times of economic uncertainty, far too many Americans face difficulties affording the basics, such as utilities" said HHS Secretary Sebelius. "The release of these funds will help ease those worries, and assure individuals, particularly those with the lowest incomes that pay a high proportion of household income for home energy, that they will not be left behind during the cold winter months ahead."
LIHEAP helps eligible families pay for home heating and cooling costs, as well as helping weatherize eligible families' homes. In recent years, more than eight million low-income households across the country receive assistance under LIHEAP.
As part of this Administration's effort to maximize federal funds, the department has focused on strengthening the program's operations and ensuring integrity at every level. Earlier this year, HHS requested strategic plans from each state to outline their tactics for improving efficiency and integrity in LIHEAP programs. Those plans, having all now been received, are being reviewed to make sure states are using effective program management and improper-payment-prevention strategies to ensure these funds are reaching the families who need them most.
The contingency funds released today are in addition to the $4.5 billion in LIHEAP block grant funding and the $490 million in emergency contingency funds received by states earlier this year. Funds released today are the remaining from FY 2010 LIHEAP contingency fund available for this fiscal year.
In total, Congress appropriated $5.1 billion for LIHEAP in Fiscal Year 2010. "We are releasing these funds at a time when many Americans are struggling to find jobs and make ends meet as our economy begins to recover. These funds will help many families and seniors heat their homes in the coming winter," said David A. Hansell, HHS acting assistant secretary for children and families.
Individuals interested in applying for energy assistance should contact their local/state LIHEAP agency. For more information go to http://www.acf.hhs.gov/programs/ocs/liheap/ or http://www.acf.hhs.gov/programs/ocs/liheap/brochure/brochure.html.
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Tuesday, September 14, 2010
Georgia Power Now Offering Free Online Energy Audit
PRNewswire/ -- In less than 10 minutes, Georgia Power customers can take the guesswork out of determining where their electricity dollars go each month.
An online energy-audit tool, or "Home Energy Calculator," was developed by Atlanta-based APOGEE Interactive to provide residential customers a way to determine where the most energy is consumed in their homes - from air conditioners to refrigerators - and what they can do to reduce their energy consumption.
The customized calculator was developed for Georgia, and reflects the state's most common home construction, weather patterns and typical home appliances used by most residents.
"Energy costs are rising for various reasons and our customers are looking to us for help on ways to save money and energy," said Efficiency and Conservation Director Angela Strickland. "Georgia Power's portfolio of programs and tools puts our customers in the driver's seat to transform the way they use electricity in their homes and businesses."
For more information about all of the company's energy-efficiency programs and to access the free online energy audit tool, visit www.georgiapower.com.
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An online energy-audit tool, or "Home Energy Calculator," was developed by Atlanta-based APOGEE Interactive to provide residential customers a way to determine where the most energy is consumed in their homes - from air conditioners to refrigerators - and what they can do to reduce their energy consumption.
The customized calculator was developed for Georgia, and reflects the state's most common home construction, weather patterns and typical home appliances used by most residents.
"Energy costs are rising for various reasons and our customers are looking to us for help on ways to save money and energy," said Efficiency and Conservation Director Angela Strickland. "Georgia Power's portfolio of programs and tools puts our customers in the driver's seat to transform the way they use electricity in their homes and businesses."
For more information about all of the company's energy-efficiency programs and to access the free online energy audit tool, visit www.georgiapower.com.
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UGA researchers win $1.34 million USDA-DOE biofuels grant
Researchers at the University of Georgia have won a $1.34 million grant from the U.S. Department of Energy to attempt to increase the productivity of trees by genetically modifying certain proteins critical to wood formation. The study could have important implications in using trees as biofuel.
The research will be conducted by Scott Harding and Chung-Jui Tsai, who are both faculty members at UGA’s Warnell School of Forestry and Natural Resources.
They became interested in the possibility that manipulating sucrose transporter proteins—which shuttle food from leaves throughout the rest of the tree—during a separate, unrelated project conducted by Raja Payyavula, a graduate student working for the pair. The student’s research led to the discovery of a connection between sucrose transporter genes and certain stimuli.
Sucrose transporter genes have been known about for a long time because they enable leaves to send the sugars they produce during photosynthesis to other parts of the growing plant that do not carry out photosynthesis. This would include grain or tubers in food crops. In a key, and somewhat surprising finding by Harding and Tsai, sucrose transporter genes were found to be very abundant in developing the wood of young trees. They now want to know how a tree will react—positively or negatively—to further modification of those proteins.
They hope that tweaking the proteins will modify the way trees divide their photosynthate (sucrose and other sugars) between wood-forming and other organs like roots and bark. Wood is the raw feedstock for biofuels, and the research is being funded to learn about the potential of this gene for affecting wood growth, and thus tree growth, under a variety of environmental conditions.
“We know there’s a connection,” said Harding. “We just don’t know much about that connection right now.”
The research team already has begun its experiments with the award from the joint Plant Feedstock Genomics 2010 program from the U.S. Department of Agriculture and DOE. This program funds projects that accelerate plant breeding and improve biomass feedstocks to lay the groundwork for a new class of biofuels that are low-cost, high-quality and maximize the amount produced per acre.
More information about the Plant Feedstock Genomics for Bioenergy program can be found at http://genomicscience.energy.gov/.
In announcing the award—which is part of the Obama administration’s efforts to diversify the nation’s energy portfolio and accelerate the development of new energy technologies—leaders of the two funding federal agencies commented on their hopes that such research will help reduce the U.S.’s dependence on foreign oil.
“Cost-effective, sustainable biofuels are crucial to building a clean energy economy,” said Secretary of Energy Steven Chu. “By harnessing the power of science and technology, this joint effort between DOE and USDA will help accelerate research in the critical area of plant feedstocks, spurring the creation of the domestic bio-industry while creating jobs and reducing our dependence on foreign oil.”
“Developing a domestic source of renewable energy will create jobs and wealth in rural America, combat global warming, replace our dependence on foreign oil and build a stronger foundation for the 21st century economy,” said Secretary of Agriculture Tom Vilsack. “This scientific investment will lay the foundation for a source of fuel made from renewable sources.”
The $1.34 million grant is part of a larger, $9 million grant package awarded to multiple agencies and universities across the U.S.
Harding, senior research scientist, and Tsai, a professor Georgia Research Alliance Eminent Scholar who also has a joint appointment in the department of genetics, joined the Warnell School in 2008. Their work focuses on forest biotechnology with an emphasis on creating high-energy trees for use in biofuel.
Tsai’s interests also include determining how trees defend themselves by using chemical compounds to ward off bugs and grazing animals. Harding also has led a DOE-research project on carbon sequestration, where carbon dioxide emissions from facilities such as power plants are captured by trees rather than released into the atmosphere.
If they are successful in genetically modifying the sucrose transporter genes to create faster-growing trees, it could have tremendous implications for using trees as biofuels.
“We know the sucrose transporter genes are connected to tree growth, and we also know that there are three different such proteins present in the tree stems,” Harding explained. The team plans to manipulate those proteins to learn about their division of labor and to see how the manipulations affect tree growth, especially the competition between leaves, stems and roots for photosynthate. The project will involve an assistant research scientist, a postdoctoral scientist, two graduate students and several undergraduate students.
This investigation is just beginning, Tsai said, and findings during the course of this three-year project will add immensely to the understanding of how tree biomass is produced.
-----
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The research will be conducted by Scott Harding and Chung-Jui Tsai, who are both faculty members at UGA’s Warnell School of Forestry and Natural Resources.
They became interested in the possibility that manipulating sucrose transporter proteins—which shuttle food from leaves throughout the rest of the tree—during a separate, unrelated project conducted by Raja Payyavula, a graduate student working for the pair. The student’s research led to the discovery of a connection between sucrose transporter genes and certain stimuli.
Sucrose transporter genes have been known about for a long time because they enable leaves to send the sugars they produce during photosynthesis to other parts of the growing plant that do not carry out photosynthesis. This would include grain or tubers in food crops. In a key, and somewhat surprising finding by Harding and Tsai, sucrose transporter genes were found to be very abundant in developing the wood of young trees. They now want to know how a tree will react—positively or negatively—to further modification of those proteins.
They hope that tweaking the proteins will modify the way trees divide their photosynthate (sucrose and other sugars) between wood-forming and other organs like roots and bark. Wood is the raw feedstock for biofuels, and the research is being funded to learn about the potential of this gene for affecting wood growth, and thus tree growth, under a variety of environmental conditions.
“We know there’s a connection,” said Harding. “We just don’t know much about that connection right now.”
The research team already has begun its experiments with the award from the joint Plant Feedstock Genomics 2010 program from the U.S. Department of Agriculture and DOE. This program funds projects that accelerate plant breeding and improve biomass feedstocks to lay the groundwork for a new class of biofuels that are low-cost, high-quality and maximize the amount produced per acre.
More information about the Plant Feedstock Genomics for Bioenergy program can be found at http://genomicscience.energy.gov/.
In announcing the award—which is part of the Obama administration’s efforts to diversify the nation’s energy portfolio and accelerate the development of new energy technologies—leaders of the two funding federal agencies commented on their hopes that such research will help reduce the U.S.’s dependence on foreign oil.
“Cost-effective, sustainable biofuels are crucial to building a clean energy economy,” said Secretary of Energy Steven Chu. “By harnessing the power of science and technology, this joint effort between DOE and USDA will help accelerate research in the critical area of plant feedstocks, spurring the creation of the domestic bio-industry while creating jobs and reducing our dependence on foreign oil.”
“Developing a domestic source of renewable energy will create jobs and wealth in rural America, combat global warming, replace our dependence on foreign oil and build a stronger foundation for the 21st century economy,” said Secretary of Agriculture Tom Vilsack. “This scientific investment will lay the foundation for a source of fuel made from renewable sources.”
The $1.34 million grant is part of a larger, $9 million grant package awarded to multiple agencies and universities across the U.S.
Harding, senior research scientist, and Tsai, a professor Georgia Research Alliance Eminent Scholar who also has a joint appointment in the department of genetics, joined the Warnell School in 2008. Their work focuses on forest biotechnology with an emphasis on creating high-energy trees for use in biofuel.
Tsai’s interests also include determining how trees defend themselves by using chemical compounds to ward off bugs and grazing animals. Harding also has led a DOE-research project on carbon sequestration, where carbon dioxide emissions from facilities such as power plants are captured by trees rather than released into the atmosphere.
If they are successful in genetically modifying the sucrose transporter genes to create faster-growing trees, it could have tremendous implications for using trees as biofuels.
“We know the sucrose transporter genes are connected to tree growth, and we also know that there are three different such proteins present in the tree stems,” Harding explained. The team plans to manipulate those proteins to learn about their division of labor and to see how the manipulations affect tree growth, especially the competition between leaves, stems and roots for photosynthate. The project will involve an assistant research scientist, a postdoctoral scientist, two graduate students and several undergraduate students.
This investigation is just beginning, Tsai said, and findings during the course of this three-year project will add immensely to the understanding of how tree biomass is produced.
-----
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Wednesday, August 4, 2010
Gulf Area Energy Workers to Policymakers: My Job Matters
/PRNewswir/ -- Fifty independent energy industry representatives joined U.S. Senator John Cornyn (TX) and former Congressman John Peterson at a Capitol Hill press conference to urge the Obama Administration and Members of Congress to lift the moratorium on energy exploration in the Gulf of Mexico and resist efforts to raise taxes on U.S. energy companies. The event, which took place this morning, was organized by Save U.S. Energy Jobs, a project of the American Energy Alliance.
"My job matters," Thomas Clements a small business owner from Broussard, Louisiana, said. "So I've come to Washington to find somebody to hear me, to see my hopelessness, my no-man's-land that I'm in because of these proposed tax changes to the energy industry and the moratorium. I hope that Congress listens to us and protects American jobs."
Thomas and his wife, Melissa, are co-owners of Oilfield CNC Machining. They opened their business at the end of 2008 with a focus on producing quality metal parts for oilfield equipment used on offshore drilling rigs. With a year under their belts, the Clements were hoping that 2010 would be a breakout year for their new company. They were looking to hire more workers and expand their facility workspace. Although the oil spill in April 2010 and the initial 30-day moratorium put a damper on things, they weren't going to let that keep them down. But when the six month moratorium was issued their business came to a complete halt. Every order was cancelled. Now they are worried that taxes on American energy companies could harm the entire U.S. energy industry.
The Clements are just one tragic story.
Today more than fifty Gulf area residents came to Washington to share their perspectives. They're here to tell their representatives, "My Job Matters" and to ask their elected officials to lift the moratorium on energy exploration in the Gulf of Mexico and to not support changes to the tax code that would unfairly harm American energy companies.
According to a recent study released by Louisiana State University professor Dr. Joseph Mason, the six month moratorium will cost the Gulf region more than 8,000 jobs and more than $2.1 billion in economic activity. And if the moratorium is extended - the consequences could be much, much worse.
In addition to the current moratorium, President Obama and Members of Congress have not ruled out extending the moratorium and have also suggested repealing two provisions of the tax code that would raise taxes on U.S. based energy companies. One of these taxes would amount to a double taxation on American energy companies, hurting U.S. companies and acting as a de-facto bailout to foreign owned ones. Policymakers are also considering raising the cap on liabilities for energy companies - making their work unsustainable. Any of these new laws would do irreparable harm to American energy companies, raise the price of energy for consumers, weaken our nation's energy security, and kill U.S. jobs.
"In an economy like this, the President and Congress should be looking for ways to strengthen U.S. businesses, not weaken them," Thomas J. Pyle, president of the American Energy Alliance, said. "I'm proud that these hardworking small business owners are fighting for American energy jobs."
Following the press conference, the Gulf Coast residents fanned out across Capitol Hill to meet with their representatives in Congress and staffs.
-----
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"My job matters," Thomas Clements a small business owner from Broussard, Louisiana, said. "So I've come to Washington to find somebody to hear me, to see my hopelessness, my no-man's-land that I'm in because of these proposed tax changes to the energy industry and the moratorium. I hope that Congress listens to us and protects American jobs."
Thomas and his wife, Melissa, are co-owners of Oilfield CNC Machining. They opened their business at the end of 2008 with a focus on producing quality metal parts for oilfield equipment used on offshore drilling rigs. With a year under their belts, the Clements were hoping that 2010 would be a breakout year for their new company. They were looking to hire more workers and expand their facility workspace. Although the oil spill in April 2010 and the initial 30-day moratorium put a damper on things, they weren't going to let that keep them down. But when the six month moratorium was issued their business came to a complete halt. Every order was cancelled. Now they are worried that taxes on American energy companies could harm the entire U.S. energy industry.
The Clements are just one tragic story.
Today more than fifty Gulf area residents came to Washington to share their perspectives. They're here to tell their representatives, "My Job Matters" and to ask their elected officials to lift the moratorium on energy exploration in the Gulf of Mexico and to not support changes to the tax code that would unfairly harm American energy companies.
According to a recent study released by Louisiana State University professor Dr. Joseph Mason, the six month moratorium will cost the Gulf region more than 8,000 jobs and more than $2.1 billion in economic activity. And if the moratorium is extended - the consequences could be much, much worse.
In addition to the current moratorium, President Obama and Members of Congress have not ruled out extending the moratorium and have also suggested repealing two provisions of the tax code that would raise taxes on U.S. based energy companies. One of these taxes would amount to a double taxation on American energy companies, hurting U.S. companies and acting as a de-facto bailout to foreign owned ones. Policymakers are also considering raising the cap on liabilities for energy companies - making their work unsustainable. Any of these new laws would do irreparable harm to American energy companies, raise the price of energy for consumers, weaken our nation's energy security, and kill U.S. jobs.
"In an economy like this, the President and Congress should be looking for ways to strengthen U.S. businesses, not weaken them," Thomas J. Pyle, president of the American Energy Alliance, said. "I'm proud that these hardworking small business owners are fighting for American energy jobs."
Following the press conference, the Gulf Coast residents fanned out across Capitol Hill to meet with their representatives in Congress and staffs.
-----
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Tuesday, August 3, 2010
Nationwide Low-Carbon Fuel Standard Would Increase Global Greenhouse Gas Emissions, Study Finds
/PRNewswire/ -- The implementation of a nationwide low-carbon fuel standard (LCFS) in the United States would increase global greenhouse gas emissions by up to 19 million metric tons each year - contradicting the claim of LCFS advocates that the standard would reduce such emissions - according to a study issued today.
The study assumes that because an LCFS would prevent American refineries from importing petroleum obtained from oil sands in neighboring Western Canada, the United States would instead have to import more oil in tankers from the Middle East and elsewhere. At the same time, the Canadian oil would be shipped in tankers across the Pacific to China and other Asian locations.
The study calls this long-distance movement of oil thousands of miles around the world in tankers a "shuffle" that would result in higher carbon dioxide emissions than simply extracting the Canadian petroleum from the oil sands for U.S. consumption, due to emissions created by shipping the oil such great distances.
Barr Engineering Company of Minneapolis conducted the study for members of NPRA, the National Petrochemical & Refiners Association.
"In conducting this technical study, we looked at the most accurate data publicly available, and the conclusion was clear," said Joel Trinkle, senior air quality consultant at Barr and one of the authors of the study. "Crude shuffling under a nationwide LCFS would substantially raise overall greenhouse gas emissions."
The study found that:
-- "A LCFS implemented in the U.S. results in a notable increase in
greenhouse gas emissions due to the displacement of Canadian crude
imports to the U.S. and re-routing of crude imports and exports to
accommodate this displacement. ... Nearby Canadian crude sources
would be diverted to regions not affected by LCFS and replaced with
supplies from distant parts of the world." (Page 2)
-- "While it is likely that LCFS would change the mix of crude imports to
the United States, LCFS implemented in the United States is not
expected to change overall trends in energy use and demand for crude
resources throughout the rest of the world. A shift in U.S.
crude-supply preferences will simply cause redirection of crude
supplies elsewhere." (Page 4-5)
-- "This analysis of the change in crude-transport-related emissions
accompanying implementation of a LCFS indicates that the net effect
will be a doubling of GHG [greenhouse gas] emissions associated with
changes in crude-transport patterns. It indicates an increase in
global GHG emissions by 7.1 to 19.0 million metric tons per year,
depending on the extent of resulting Canadian crude displacement."
(Page 3)
Canada is currently the largest supplier of petroleum imported into the United States, but other nations are looking to the Canadian oil sands as a potential energy source. China alone has already invested more than $6 billion in Canadian oil sands projects as it continues to rapidly increase its presence in overseas energy production.
"By denying the American people access to oil from our friendly neighbor Canada, a low-carbon fuel standard would raise fuel costs and wipe out millions of American jobs," said NPRA President Charles T. Drevna. "Now this latest study shows that a nationwide LCFS won't reduce overall global greenhouse gas emissions - it will actually raise them. These findings simply reinforce NPRA's long-held belief that a federal low-carbon fuel standard is a policy of all pain and no gain."
Additional concerns regarding American access to Canadian oil sands resources have surfaced following a recent U.S. State Department decision regarding a proposed pipeline to transport Canadian crude to refineries in the Gulf Coast region. The decision will allow federal agencies an additional 90 days to comment on TransCanada's proposed Keystone XL project, pending the State Department's release of a final environmental impact statement. The proposed pipeline expansion would more than double the amount of Canadian crude imported to the United States.
Several regional and state LCFS initiatives are currently underway, including a statewide LCFS program in California established as part of the state's AB 32 climate law, and proponents of a federal LCFS continue to seek its enactment.
A federal LCFS provision was included in the 2008 Lieberman-Warner climate change bill that was defeated in the Senate. The 2009 Waxman-Markey climate change bill also contained an LCFS provision, although it was removed before the bill was passed by the House.
Two other recent studies cast additional doubt on the efficacy of low-carbon fuel standards:
-- A June 2010 report by Charles River Associates found that a nationwide
LCFS implemented in 2015 would result by 2025 in: the loss of between
2.3 million and 4.5 million American jobs; an increase of up to 170
percent in the price of gasoline and diesel fuel; and a 2 to 3 percent
decrease in the U.S. Gross Domestic Product (totaling between $410
billion and $750 billion).
-- A report by the Canadian Energy Research Institute issued in October
2009 examined the impacts of developing Canadian oil sands on the U.S.
economy. It found that such development - which would be threatened by
the implementation of a nationwide LCFS in the United States - would
result in an estimated 343,000 new U.S. jobs between 2011 and 2015,
and that U.S. output of goods and services would increase by an
average of $62 billion per year from 2009 through 2025.
-----
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Fayette Front Page
www.georgiafrontpage.com
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The study assumes that because an LCFS would prevent American refineries from importing petroleum obtained from oil sands in neighboring Western Canada, the United States would instead have to import more oil in tankers from the Middle East and elsewhere. At the same time, the Canadian oil would be shipped in tankers across the Pacific to China and other Asian locations.
The study calls this long-distance movement of oil thousands of miles around the world in tankers a "shuffle" that would result in higher carbon dioxide emissions than simply extracting the Canadian petroleum from the oil sands for U.S. consumption, due to emissions created by shipping the oil such great distances.
Barr Engineering Company of Minneapolis conducted the study for members of NPRA, the National Petrochemical & Refiners Association.
"In conducting this technical study, we looked at the most accurate data publicly available, and the conclusion was clear," said Joel Trinkle, senior air quality consultant at Barr and one of the authors of the study. "Crude shuffling under a nationwide LCFS would substantially raise overall greenhouse gas emissions."
The study found that:
-- "A LCFS implemented in the U.S. results in a notable increase in
greenhouse gas emissions due to the displacement of Canadian crude
imports to the U.S. and re-routing of crude imports and exports to
accommodate this displacement. ... Nearby Canadian crude sources
would be diverted to regions not affected by LCFS and replaced with
supplies from distant parts of the world." (Page 2)
-- "While it is likely that LCFS would change the mix of crude imports to
the United States, LCFS implemented in the United States is not
expected to change overall trends in energy use and demand for crude
resources throughout the rest of the world. A shift in U.S.
crude-supply preferences will simply cause redirection of crude
supplies elsewhere." (Page 4-5)
-- "This analysis of the change in crude-transport-related emissions
accompanying implementation of a LCFS indicates that the net effect
will be a doubling of GHG [greenhouse gas] emissions associated with
changes in crude-transport patterns. It indicates an increase in
global GHG emissions by 7.1 to 19.0 million metric tons per year,
depending on the extent of resulting Canadian crude displacement."
(Page 3)
Canada is currently the largest supplier of petroleum imported into the United States, but other nations are looking to the Canadian oil sands as a potential energy source. China alone has already invested more than $6 billion in Canadian oil sands projects as it continues to rapidly increase its presence in overseas energy production.
"By denying the American people access to oil from our friendly neighbor Canada, a low-carbon fuel standard would raise fuel costs and wipe out millions of American jobs," said NPRA President Charles T. Drevna. "Now this latest study shows that a nationwide LCFS won't reduce overall global greenhouse gas emissions - it will actually raise them. These findings simply reinforce NPRA's long-held belief that a federal low-carbon fuel standard is a policy of all pain and no gain."
Additional concerns regarding American access to Canadian oil sands resources have surfaced following a recent U.S. State Department decision regarding a proposed pipeline to transport Canadian crude to refineries in the Gulf Coast region. The decision will allow federal agencies an additional 90 days to comment on TransCanada's proposed Keystone XL project, pending the State Department's release of a final environmental impact statement. The proposed pipeline expansion would more than double the amount of Canadian crude imported to the United States.
Several regional and state LCFS initiatives are currently underway, including a statewide LCFS program in California established as part of the state's AB 32 climate law, and proponents of a federal LCFS continue to seek its enactment.
A federal LCFS provision was included in the 2008 Lieberman-Warner climate change bill that was defeated in the Senate. The 2009 Waxman-Markey climate change bill also contained an LCFS provision, although it was removed before the bill was passed by the House.
Two other recent studies cast additional doubt on the efficacy of low-carbon fuel standards:
-- A June 2010 report by Charles River Associates found that a nationwide
LCFS implemented in 2015 would result by 2025 in: the loss of between
2.3 million and 4.5 million American jobs; an increase of up to 170
percent in the price of gasoline and diesel fuel; and a 2 to 3 percent
decrease in the U.S. Gross Domestic Product (totaling between $410
billion and $750 billion).
-- A report by the Canadian Energy Research Institute issued in October
2009 examined the impacts of developing Canadian oil sands on the U.S.
economy. It found that such development - which would be threatened by
the implementation of a nationwide LCFS in the United States - would
result in an estimated 343,000 new U.S. jobs between 2011 and 2015,
and that U.S. output of goods and services would increase by an
average of $62 billion per year from 2009 through 2025.
-----
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www.fayettefrontpage.com
Fayette Front Page
www.georgiafrontpage.com
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Friday, July 30, 2010
New Poll: Americans Support Energy Production, Oppose Unfair Taxes by a 3-1 Margin
/PRNewswire/ -- A new survey released today by the American Energy Alliance (AEA) found that 77 percent of registered voters oppose efforts in Congress to tax American companies twice on income earned abroad. The poll also found that 3 out of 4 Americans agree that our energy companies should be allowed to continue offshore exploration for energy and, separately, that we should increase U.S. oil production.
"These results may not be what the leaders on Capitol Hill want to hear, but it is no surprise that even with the tragic events unfolding in the Gulf, Americans recognize the realities of our nation's economy, the abundance of energy still available here in the U.S., and the overall exemplary safety record of our nation's drillers," AEA president Thomas Pyle said.
"AEA recently commissioned a study that showed 12,000 jobs would be lost and $2.8 billion in economic activity with it, because of the Administration's six-month moratorium in the Gulf. This unpopular and unnecessary ban is costing more jobs every day and will cost every American in terms of higher energy prices and increased reliance on energy from unstable foreign regimes. Again, we urge the Administration to listen to the American people and reopen the Gulf to responsible energy development."
The survey, conducted by Jan R van Lohuizen from Voter/Consumer Outreach, comes at a time when the President and Congress are attempting to pay for environmental and other pet projects on the backs of American oil and gas companies. Two specific changes to the tax code included in the President's 2011 budget and under discussion on Capitol Hill would have the impact of increasing the cost of energy in the U.S. and could lead to even more job losses in the energy sector. The U.S. currently taxes the global income of its international companies, but provides a credit against domestic tax liability on that income in hopes of keeping American companies from being "double-taxed" on their overseas earnings. Targeting our own energy producers with this double-tax will weaken American energy companies' ability to compete with foreign energy companies.
Additionally, policymakers are looking to repeal Section 199 tax provisions which gives all businesses that manufacture goods within the U.S. an incentive to grow their U.S. operations and hire more U.S. workers. Some in Washington are attempting to repeal these provisions just on the oil industry, essentially discriminating against energy jobs. Today, the energy industry employs some 9 million workers. However, many of these jobs could be in jeopardy if the Administration and Congress continue the drilling moratorium and impose new and onerous taxes on these companies.
The survey also found that Americans overwhelmingly oppose new regulations on the energy industry and, instead, support efforts to better enforce existing laws (16%-75%).
The poll was commissioned by Save U.S. Energy Jobs, a project of the American Energy Alliance - a free market energy advocacy organization. To learn more and get exclusive information on upcoming projects, follow Save U.S. Energy Jobs on Twitter and Facebook.
-----
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www.fayettefrontpage.com
Fayette Front Page
www.georgiafrontpage.com
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"These results may not be what the leaders on Capitol Hill want to hear, but it is no surprise that even with the tragic events unfolding in the Gulf, Americans recognize the realities of our nation's economy, the abundance of energy still available here in the U.S., and the overall exemplary safety record of our nation's drillers," AEA president Thomas Pyle said.
"AEA recently commissioned a study that showed 12,000 jobs would be lost and $2.8 billion in economic activity with it, because of the Administration's six-month moratorium in the Gulf. This unpopular and unnecessary ban is costing more jobs every day and will cost every American in terms of higher energy prices and increased reliance on energy from unstable foreign regimes. Again, we urge the Administration to listen to the American people and reopen the Gulf to responsible energy development."
The survey, conducted by Jan R van Lohuizen from Voter/Consumer Outreach, comes at a time when the President and Congress are attempting to pay for environmental and other pet projects on the backs of American oil and gas companies. Two specific changes to the tax code included in the President's 2011 budget and under discussion on Capitol Hill would have the impact of increasing the cost of energy in the U.S. and could lead to even more job losses in the energy sector. The U.S. currently taxes the global income of its international companies, but provides a credit against domestic tax liability on that income in hopes of keeping American companies from being "double-taxed" on their overseas earnings. Targeting our own energy producers with this double-tax will weaken American energy companies' ability to compete with foreign energy companies.
Additionally, policymakers are looking to repeal Section 199 tax provisions which gives all businesses that manufacture goods within the U.S. an incentive to grow their U.S. operations and hire more U.S. workers. Some in Washington are attempting to repeal these provisions just on the oil industry, essentially discriminating against energy jobs. Today, the energy industry employs some 9 million workers. However, many of these jobs could be in jeopardy if the Administration and Congress continue the drilling moratorium and impose new and onerous taxes on these companies.
The survey also found that Americans overwhelmingly oppose new regulations on the energy industry and, instead, support efforts to better enforce existing laws (16%-75%).
The poll was commissioned by Save U.S. Energy Jobs, a project of the American Energy Alliance - a free market energy advocacy organization. To learn more and get exclusive information on upcoming projects, follow Save U.S. Energy Jobs on Twitter and Facebook.
-----
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www.fayettefrontpage.com
Fayette Front Page
www.georgiafrontpage.com
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Wednesday, July 28, 2010
New Report Shows Significant Potential for Renewable Energy in South
The South could generate 20-30 percent of its electricity from renewable energy sources within the next 20 years – up from less than 4 percent today -- if strong federal policies are enacted, according to a report released July 27 by researchers at the Georgia Institute of Technology and Duke University. The analysis, “Renewable Energy in the South,” finds that conventional wisdom has underestimated the available renewable resources in the region and that a federal renewable electricity standard (RES) would enable the South to capitalize on this untapped renewable energy potential.
Read the Full Report Here: http://www.spp.gatech.edu/aboutus/workingpapers/renewable-energy-in-the-south
The South lags behind all other regions in renewable electricity, obtaining 3.7 percent of its power from renewable sources, compared to 9.5 percent for the country as a whole. Only four states (Delaware, Maryland, North Carolina, and Texas) have a state-level renewable portfolio standard, while three others have voluntary renewable energy goals. The fate of renewables in the South is not only important for the region, but for the nation as a whole since, in 2008, the region accounted for 44 percent of the country’s energy consumption.
Opponents of renewable energy production claim that the South lacks the renewable energy resources to capitalize on the growing demand for clean energy. However, the report finds that there are abundant renewable energy resources available that can be tapped if supportive policies are put in place. The report shows that if a 25 percent (by 2025) federal RES is enacted, the amount of electricity supplied by power companies from renewable sources could increase more than 250 percent above the level expected in 2030 if no new federal renewables policies were enacted.
A number of other studies have shown a large potential for renewable energy in the South,” said Etan Gumerman of Duke University’s Nicholas Institute and co-lead researcher of the study. “Our study shows that significant increases can actually be achieved, particularly through supportive local or federal policies.”
The report, using a customized version of the economic modeling system used by the U.S. Energy Information Administration, finds that a federal renewable electricity standard and carbon pricing system would increase the proportion of electricity derived from renewable sources by power companies in every state, particularly in wind and biomass. By 2030, the report shows, federal carbon pricing policy would increase renewable electricity production in the South by 390 percent.
“Countries around the world are already tapping into the potential of renewable energy, and are capturing export markets and generating jobs in the process,” said Dr. Marilyn Brown of the Georgia Institute of Technology and co-lead researcher of the study. “The report demonstrates that although many states in the South are off to a slow start, renewable initiatives are now underway across the region, and the potential for expansion is promising.”
In addition, the report finds that electricity produced by end-users, such as households and businesses using small-scale solar electric and heating facilities, would also benefit from federal policies and could supply a substantial portion of the region’s renewable electricity. Under a 25 percent RES, for example, renewable electricity supplied by utilities and end-users could increase by 154 percent. Carbon pricing policy could lead to a 266 percent increase above the total level of renewable electricity expected in the absence of federal policy changes.
“In the future, households and businesses have the potential to become major suppliers of clean, renewable electricity,” added Dr. Brown. “This changes the way we need to think about the South’s renewable energy potential.”
-----
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Read the Full Report Here: http://www.spp.gatech.edu/aboutus/workingpapers/renewable-energy-in-the-south
The South lags behind all other regions in renewable electricity, obtaining 3.7 percent of its power from renewable sources, compared to 9.5 percent for the country as a whole. Only four states (Delaware, Maryland, North Carolina, and Texas) have a state-level renewable portfolio standard, while three others have voluntary renewable energy goals. The fate of renewables in the South is not only important for the region, but for the nation as a whole since, in 2008, the region accounted for 44 percent of the country’s energy consumption.
Opponents of renewable energy production claim that the South lacks the renewable energy resources to capitalize on the growing demand for clean energy. However, the report finds that there are abundant renewable energy resources available that can be tapped if supportive policies are put in place. The report shows that if a 25 percent (by 2025) federal RES is enacted, the amount of electricity supplied by power companies from renewable sources could increase more than 250 percent above the level expected in 2030 if no new federal renewables policies were enacted.
A number of other studies have shown a large potential for renewable energy in the South,” said Etan Gumerman of Duke University’s Nicholas Institute and co-lead researcher of the study. “Our study shows that significant increases can actually be achieved, particularly through supportive local or federal policies.”
The report, using a customized version of the economic modeling system used by the U.S. Energy Information Administration, finds that a federal renewable electricity standard and carbon pricing system would increase the proportion of electricity derived from renewable sources by power companies in every state, particularly in wind and biomass. By 2030, the report shows, federal carbon pricing policy would increase renewable electricity production in the South by 390 percent.
“Countries around the world are already tapping into the potential of renewable energy, and are capturing export markets and generating jobs in the process,” said Dr. Marilyn Brown of the Georgia Institute of Technology and co-lead researcher of the study. “The report demonstrates that although many states in the South are off to a slow start, renewable initiatives are now underway across the region, and the potential for expansion is promising.”
In addition, the report finds that electricity produced by end-users, such as households and businesses using small-scale solar electric and heating facilities, would also benefit from federal policies and could supply a substantial portion of the region’s renewable electricity. Under a 25 percent RES, for example, renewable electricity supplied by utilities and end-users could increase by 154 percent. Carbon pricing policy could lead to a 266 percent increase above the total level of renewable electricity expected in the absence of federal policy changes.
“In the future, households and businesses have the potential to become major suppliers of clean, renewable electricity,” added Dr. Brown. “This changes the way we need to think about the South’s renewable energy potential.”
-----
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Friday, July 23, 2010
Coalition of Consumers Urges Senate Not to Legislate Natural Gas Demand in Energy/Climate Bill
/PRNewswire/ -- A coalition of major manufacturers, agricultural organizations and other industrial energy consumers today cautioned the Senate to avoid legislating new natural gas demand in any energy or climate change bill, saying such an approach would be "misguided" given existing strong demand growth and looming regulatory and political uncertainty surrounding access to major supply sources.
In a letter to Senate Majority Leader Harry Reid, 67 industrial and agriculture energy consumers -- representing farm and food concerns and makers of chemicals, fertilizer, glass, paper and steel -- expressed concern about artificially creating power and transportation sector demand for natural gas through legislative incentives. Doing so, they said, would cause the type of fuel switching that has ripple effects through the economy.
Paul Cicio, president of the Industrial Energy Consumers of America (IECA), said legislating new demand would prompt increased price volatility and higher prices. Higher natural gas prices also mean higher electricity costs.
"The impact will be felt by all consumers, not just industrial users," Cicio said. "Farmers will pay more for fertilizer, natural gas to dry their crops and electricity to run their irrigation systems; homeowners will pay more to heat and cool their homes; and manufacturers would be confronted with greater competitiveness challenges which threaten jobs at home."
The coalition said gas demand has been steadily rising in the past decade without the incentives being contemplated in the Senate and in the absence of carbon caps, which will increasingly shift more power generators from coal to natural gas. The power sector's natural gas demand has grown by nearly 30% since 2001.
"The economic recovery and our energy security will be better served if U.S. energy policy ensures American manufacturing can continue to compete globally and keep its jobs here," said Peter Molinaro, Dow Chemical's vice president of federal and state government affairs. "Our economy needs a diverse base of price-sensitive natural gas consumers -- and a diverse energy supply -- in order to reduce price volatility in all energy sectors."
The letter urges the Senate to allow the market to set supply and demand for natural gas instead of picking 'winners' and 'losers' through legislation.
The coalition acknowledged there is great hope that the large shale gas reserves will materialize as recoverable supplies. "However, history has shown that unforeseen circumstances, including the potential for both federal and state regulations to be placed on shale drilling, can either slow its production, increase its costs or otherwise dramatically alter these types of future projections."
The industrial and agriculture consumers called for a coherent energy policy that balances gas demand with the economy's need for affordable supplies.
Signatories to the letter include: American Forest &Paper Association, Dow Chemical Company, Kimberly-Clark Corporation, Land O' Lakes, Steel Manufacturers Association and The Fertilizer Institute.
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In a letter to Senate Majority Leader Harry Reid, 67 industrial and agriculture energy consumers -- representing farm and food concerns and makers of chemicals, fertilizer, glass, paper and steel -- expressed concern about artificially creating power and transportation sector demand for natural gas through legislative incentives. Doing so, they said, would cause the type of fuel switching that has ripple effects through the economy.
Paul Cicio, president of the Industrial Energy Consumers of America (IECA), said legislating new demand would prompt increased price volatility and higher prices. Higher natural gas prices also mean higher electricity costs.
"The impact will be felt by all consumers, not just industrial users," Cicio said. "Farmers will pay more for fertilizer, natural gas to dry their crops and electricity to run their irrigation systems; homeowners will pay more to heat and cool their homes; and manufacturers would be confronted with greater competitiveness challenges which threaten jobs at home."
The coalition said gas demand has been steadily rising in the past decade without the incentives being contemplated in the Senate and in the absence of carbon caps, which will increasingly shift more power generators from coal to natural gas. The power sector's natural gas demand has grown by nearly 30% since 2001.
"The economic recovery and our energy security will be better served if U.S. energy policy ensures American manufacturing can continue to compete globally and keep its jobs here," said Peter Molinaro, Dow Chemical's vice president of federal and state government affairs. "Our economy needs a diverse base of price-sensitive natural gas consumers -- and a diverse energy supply -- in order to reduce price volatility in all energy sectors."
The letter urges the Senate to allow the market to set supply and demand for natural gas instead of picking 'winners' and 'losers' through legislation.
The coalition acknowledged there is great hope that the large shale gas reserves will materialize as recoverable supplies. "However, history has shown that unforeseen circumstances, including the potential for both federal and state regulations to be placed on shale drilling, can either slow its production, increase its costs or otherwise dramatically alter these types of future projections."
The industrial and agriculture consumers called for a coherent energy policy that balances gas demand with the economy's need for affordable supplies.
Signatories to the letter include: American Forest &Paper Association, Dow Chemical Company, Kimberly-Clark Corporation, Land O' Lakes, Steel Manufacturers Association and The Fertilizer Institute.
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GM First to Market Greenhouse Gas-Friendly Air Conditioning Refrigerant in U.S.
/PRNewswire/ -- General Motors Co. will introduce a new greenhouse gas-friendly air-conditioning refrigerant in 2013 Chevrolet, Buick, GMC and Cadillac models in the U.S. that keeps vehicle interiors as cool as today while reducing heat-trapping gases in the atmosphere by more than 99 percent.
The biggest benefit of the new refrigerant, (HFO-1234yf) supplied by Honeywell, is that it breaks down faster in the atmosphere than the refrigerant currently used (R-134a), On average, R-134a refrigerant has an atmospheric life of more than 13 years, giving it a global warming potential (GWP) of over 1,400.
By comparison, the new refrigerant lingers in the atmosphere for just 11 days and has a GWP of only 4, a 99.7 percent improvement. GWP is a value used to compare different greenhouse gases that trap heat in the atmosphere. The base measurement for GWP is relative to that of carbon dioxide (CO2).
The U.S. Environmental Protection Agency awards regulatory credit for the improved environmental performance of the new refrigerant, which helps GM meet the overall requirements of the EPA's new motor vehicle greenhouse gas regulations. The new regulation requires an overall 40 percent improvement in overall U.S. fleet average vehicle fuel economy by 2016. The use of HFO-1234yf will help GM vehicles significantly exceed its targets under the new regulations.
"GM's decision to adopt this new refrigerant is additional proof of our commitment to be on the forefront of green technologies that will keep our planet healthy for our children and grand-children," said Mike Robinson, GM vice president of Environment, Energy and Safety Policy. "It's not just about meeting regulatory requirements; it's about environmental leadership and GM plans to lead in developing new technologies that will take the vehicle out of the environmental debate."
Said Terrence Hahn, vice president and general manager for Honeywell Fluorine Products: "We're pleased that GM is taking the lead in choosing HFO-1234yf, a refrigerant that has a lower impact on global warming. This is another example of how Honeywell is developing innovative new environmental and energy-efficient solutions to meet our customers' current and future needs."
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The biggest benefit of the new refrigerant, (HFO-1234yf) supplied by Honeywell, is that it breaks down faster in the atmosphere than the refrigerant currently used (R-134a), On average, R-134a refrigerant has an atmospheric life of more than 13 years, giving it a global warming potential (GWP) of over 1,400.
By comparison, the new refrigerant lingers in the atmosphere for just 11 days and has a GWP of only 4, a 99.7 percent improvement. GWP is a value used to compare different greenhouse gases that trap heat in the atmosphere. The base measurement for GWP is relative to that of carbon dioxide (CO2).
The U.S. Environmental Protection Agency awards regulatory credit for the improved environmental performance of the new refrigerant, which helps GM meet the overall requirements of the EPA's new motor vehicle greenhouse gas regulations. The new regulation requires an overall 40 percent improvement in overall U.S. fleet average vehicle fuel economy by 2016. The use of HFO-1234yf will help GM vehicles significantly exceed its targets under the new regulations.
"GM's decision to adopt this new refrigerant is additional proof of our commitment to be on the forefront of green technologies that will keep our planet healthy for our children and grand-children," said Mike Robinson, GM vice president of Environment, Energy and Safety Policy. "It's not just about meeting regulatory requirements; it's about environmental leadership and GM plans to lead in developing new technologies that will take the vehicle out of the environmental debate."
Said Terrence Hahn, vice president and general manager for Honeywell Fluorine Products: "We're pleased that GM is taking the lead in choosing HFO-1234yf, a refrigerant that has a lower impact on global warming. This is another example of how Honeywell is developing innovative new environmental and energy-efficient solutions to meet our customers' current and future needs."
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Friday, July 16, 2010
Congress Passes Law to End Secrecy in Oil, Gas, and Mining Industry
/PRNewswire/ -- International humanitarian organization Oxfam America commends the U.S. Congress for making disclosure of payments from oil and mining companies to governments around the world a legal requirement. Included as part of the Dodd-Frank financial reform legislation passed by the House and Senate, this historic measure will increase financial transparency in the oil, gas, and mining industry and help reduce the corruption, mismanagement, and conflict that are too often associated with natural resource extraction booms.
"Congress has made an unprecedented commitment to financial transparency and good governance in a sector that not only affects American wallets, but also some of the most vulnerable communities around the world," said Raymond C. Offenheiser, president of Oxfam America. "Secrecy of oil, gas and mining company payments to governments fosters government corruption and violent conflict in resource-rich countries that are home to more than half of the world's poorest people. Instability in these regions poses a long-term threat to national security, foreign policy, and economic interests in the United States."
The language included in the financial services reform measure was based on the Energy Security through Transparency Act (S. 1700), a bipartisan Senate bill championed by Senators Lugar (R-IN) and Cardin (D-MD). The new law creates a low-cost, uniform transparency method for oil, gas, and mining companies registered with the US Securities and Exchange Commission (SEC) and covers more than 90 percent of internationally operating oil companies and many of the top international mining companies. Companies will be required to publicly disclose payments for the extraction of oil, gas, and minerals on a country-by-country and project basis as part of financial statements that are already required by the SEC. This not only includes American companies but also many foreign companies, such as Shell and BP, as well as companies from emerging markets such as China, India, Brazil, and Russia.
"This provision is a critical part of the increased transparency and corporate responsibility that we are striving to achieve in the financial industry. Given the catastrophic events in the Gulf of Mexico, oil companies, in particular, should well understand that secrecy fosters instability, corruption and greater risk," said Senator Cardin. "We now have the tools to help people in resource-rich countries hold their leaders accountable for the money made from their oil, gas and minerals."
"Too often, oil money intended for a nation's poor ends up lining the pockets of the rich or is squandered on showcase projects instead of productive investments," said Senator Lugar when he spoke in favor of the measure when it was offered as an amendment to the Senate financial reform bill in late May. (The Cardin-Lugar amendment was co-sponsored by Senators Durbin (D-IL), Schumer (D-NY), Feingold (D-WI), Merkley (D-OR), and Johnson (D-SD).) He added: "This 'resource curse' affects us as well as producing countries. It exacerbates global poverty which can be a seedbed for terrorism, it empowers autocrats and dictators, and it can crimp world petroleum supplies by breeding instability."
"We applaud Senators Cardin and Lugar for spearheading this effort in the Senate that will both level the playing field for oil, gas, and mining companies and help citizens hold their governments accountable for using revenues for economic development and poverty reduction. We also thank Senator Leahy for offering the measure during the House-Senate conference process and House Financial Services Chairman Barney Frank for his early leadership on transparency in the oil and mining industries and for his support for this measure that demonstrates U.S. commitment to transparent business practices and accountable governance," said Offenheiser.
"Passing this law sets up an international standard for the public disclosure of natural resource revenue information, but its effectiveness will be determined by strict implementation by lawmakers and development of effective implementing regulations by the SEC. Companies should heed the call for transparency so citizens of resource-rich countries can begin to use this information to hold their governments accountable for using revenues to address essential services like healthcare, education, and job creation."
Oxfam America calls on the SEC to quickly undertake its rule-making process to implement this important measure as Congress intended. "Oxfam America and its allies in the Publish What You Pay campaign will be closely following the rule-making process to ensure this groundbreaking disclosure measure is quickly put in place," said Offenheiser.
Oxfam America is an international relief and development organization that creates lasting solutions to poverty, hunger, and injustice. Together with individuals and local groups in more than 100 countries, Oxfam saves lives, helps people overcome poverty, and fights for social justice. Oxfam America is an affiliate of the international confederation Oxfam.
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"Congress has made an unprecedented commitment to financial transparency and good governance in a sector that not only affects American wallets, but also some of the most vulnerable communities around the world," said Raymond C. Offenheiser, president of Oxfam America. "Secrecy of oil, gas and mining company payments to governments fosters government corruption and violent conflict in resource-rich countries that are home to more than half of the world's poorest people. Instability in these regions poses a long-term threat to national security, foreign policy, and economic interests in the United States."
The language included in the financial services reform measure was based on the Energy Security through Transparency Act (S. 1700), a bipartisan Senate bill championed by Senators Lugar (R-IN) and Cardin (D-MD). The new law creates a low-cost, uniform transparency method for oil, gas, and mining companies registered with the US Securities and Exchange Commission (SEC) and covers more than 90 percent of internationally operating oil companies and many of the top international mining companies. Companies will be required to publicly disclose payments for the extraction of oil, gas, and minerals on a country-by-country and project basis as part of financial statements that are already required by the SEC. This not only includes American companies but also many foreign companies, such as Shell and BP, as well as companies from emerging markets such as China, India, Brazil, and Russia.
"This provision is a critical part of the increased transparency and corporate responsibility that we are striving to achieve in the financial industry. Given the catastrophic events in the Gulf of Mexico, oil companies, in particular, should well understand that secrecy fosters instability, corruption and greater risk," said Senator Cardin. "We now have the tools to help people in resource-rich countries hold their leaders accountable for the money made from their oil, gas and minerals."
"Too often, oil money intended for a nation's poor ends up lining the pockets of the rich or is squandered on showcase projects instead of productive investments," said Senator Lugar when he spoke in favor of the measure when it was offered as an amendment to the Senate financial reform bill in late May. (The Cardin-Lugar amendment was co-sponsored by Senators Durbin (D-IL), Schumer (D-NY), Feingold (D-WI), Merkley (D-OR), and Johnson (D-SD).) He added: "This 'resource curse' affects us as well as producing countries. It exacerbates global poverty which can be a seedbed for terrorism, it empowers autocrats and dictators, and it can crimp world petroleum supplies by breeding instability."
"We applaud Senators Cardin and Lugar for spearheading this effort in the Senate that will both level the playing field for oil, gas, and mining companies and help citizens hold their governments accountable for using revenues for economic development and poverty reduction. We also thank Senator Leahy for offering the measure during the House-Senate conference process and House Financial Services Chairman Barney Frank for his early leadership on transparency in the oil and mining industries and for his support for this measure that demonstrates U.S. commitment to transparent business practices and accountable governance," said Offenheiser.
"Passing this law sets up an international standard for the public disclosure of natural resource revenue information, but its effectiveness will be determined by strict implementation by lawmakers and development of effective implementing regulations by the SEC. Companies should heed the call for transparency so citizens of resource-rich countries can begin to use this information to hold their governments accountable for using revenues to address essential services like healthcare, education, and job creation."
Oxfam America calls on the SEC to quickly undertake its rule-making process to implement this important measure as Congress intended. "Oxfam America and its allies in the Publish What You Pay campaign will be closely following the rule-making process to ensure this groundbreaking disclosure measure is quickly put in place," said Offenheiser.
Oxfam America is an international relief and development organization that creates lasting solutions to poverty, hunger, and injustice. Together with individuals and local groups in more than 100 countries, Oxfam saves lives, helps people overcome poverty, and fights for social justice. Oxfam America is an affiliate of the international confederation Oxfam.
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Tuesday, July 13, 2010
ArcLight Acquires 640-MW Georgia Power Plant with $98 Million in Financing Led by GE Energy Financial Services
-(BUSINESS WIRE)--ArcLight Capital Partners, LLC, through its wholly-owned affiliate AL Sandersville Holdings, LLC, has acquired a 640-megawatt generation facility located in Sandersville, Georgia from KGen Power Corporation for $130 million. GE Energy Financial Services, a unit of GE (NYSE: GE), closed financing as the lead lender of the $98 million in senior secured credit facilities partially financing the acquisition.
Built in 2002, using eight 80-megawatt GE simple-cycle gas turbines, the Sandersville plant supplies power into the southeastern power market, particularly Georgia, during periods of peak demand or supply volatility. Sandersville is strategically located near four other facilities in Georgia owned by ArcLight through its affiliate Mackinaw Power, LLC, which have an aggregate capacity of 1,887 megawatts. Combined with Sandersville, this portfolio represents a more than 2,500-megawatt strategic platform making it the second largest independent power producer in the state, with the capacity to meet the peak demand of a city with a population of 450,000.
“This asset is an important addition to our southeast gas power generation facility portfolio that is well positioned to benefit from the current macroeconomic recovery and pending energy and carbon legislation, as well as the unconventional gas boom in the US," said Dan Revers, Managing Partner of ArcLight.
GE Energy Financial Services’ affiliate, GE Capital Markets, Inc., acted as sole lead arranger. Siemens Financial Services, Inc. joined GE Energy Financial Services in providing the $98 million in credit facilities comprised of a $78 million term loan and a $20 million letter of credit. Additional financial details of the transaction were not disclosed.
“This transaction demonstrates GE Energy Financial Services’ deep expertise in power markets across the United States to provide debt financing for customers throughout the energy sector,” said Matt O’Connor, Managing Director, Financial Institutions Group at GE Energy Financial Services. “We applied our energy expertise to assess the southeastern power market which allowed us to structure and lead arrange this financing in a way that helps ArcLight grow and continue meeting power demand in the region.”
With approximately 50 dedicated professionals focused on debt products and services, GE Energy Financial Services provides structured, project and acquisition debt, revolving credit facilities, and corporate loans. The GE unit has a debt portfolio of nearly $7 billion, spanning power, oilfield services, pipelines, gas storage, refining, exploration and production, mining and fuel distribution. GE Capital Markets, Inc. provides arranging and syndication for many of these facilities.
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Built in 2002, using eight 80-megawatt GE simple-cycle gas turbines, the Sandersville plant supplies power into the southeastern power market, particularly Georgia, during periods of peak demand or supply volatility. Sandersville is strategically located near four other facilities in Georgia owned by ArcLight through its affiliate Mackinaw Power, LLC, which have an aggregate capacity of 1,887 megawatts. Combined with Sandersville, this portfolio represents a more than 2,500-megawatt strategic platform making it the second largest independent power producer in the state, with the capacity to meet the peak demand of a city with a population of 450,000.
“This asset is an important addition to our southeast gas power generation facility portfolio that is well positioned to benefit from the current macroeconomic recovery and pending energy and carbon legislation, as well as the unconventional gas boom in the US," said Dan Revers, Managing Partner of ArcLight.
GE Energy Financial Services’ affiliate, GE Capital Markets, Inc., acted as sole lead arranger. Siemens Financial Services, Inc. joined GE Energy Financial Services in providing the $98 million in credit facilities comprised of a $78 million term loan and a $20 million letter of credit. Additional financial details of the transaction were not disclosed.
“This transaction demonstrates GE Energy Financial Services’ deep expertise in power markets across the United States to provide debt financing for customers throughout the energy sector,” said Matt O’Connor, Managing Director, Financial Institutions Group at GE Energy Financial Services. “We applied our energy expertise to assess the southeastern power market which allowed us to structure and lead arrange this financing in a way that helps ArcLight grow and continue meeting power demand in the region.”
With approximately 50 dedicated professionals focused on debt products and services, GE Energy Financial Services provides structured, project and acquisition debt, revolving credit facilities, and corporate loans. The GE unit has a debt portfolio of nearly $7 billion, spanning power, oilfield services, pipelines, gas storage, refining, exploration and production, mining and fuel distribution. GE Capital Markets, Inc. provides arranging and syndication for many of these facilities.
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Sunday, July 4, 2010
Georgia Power Seeks Cost Recovery of Investments in Cleaner Generation, Smart Grid and Environmental Controls
PRNewswire -- Georgia Power on July 1 asked the Georgia Public Service Commission (PSC) for permission to increase its base rates approximately $615 million, or 8.2 percent of the company's retail rates, to recover the costs of investments in cleaner generation sources, power lines, smart grid technologies, environmental controls and energy efficiency programs to meet current and future customer demand.
The proposed change in rates would be effective Jan. 1, 2011.
"Georgia is the fourth-fastest growing state in the nation, and we have invested billions of dollars to serve that growth," said Ann Daiss, Georgia Power vice president, comptroller and chief accounting officer. "We must continue to invest in our infrastructure to maintain the reliable, affordable electricity and high level of customer satisfaction that our customers deserve and expect."
If the request is approved, the typical residential customer using 1,000 kilowatt-hours per month would see an increase of about 10.1 percent, or $10.88. For business customers, the average increase would range from about 7.7 percent to 10.3 percent.
Additional increases, if approved, would become effective in subsequent years through existing and newly proposed cost-recovery mechanisms outlined in the filing. The company currently estimates increases for new generation, environmental controls and demand-side management programs are expected to increase the typical residential customer bill per month by about $5.38 in 2012 and $1.42 in 2013, respectively. These estimates will be updated through future filings with the PSC.
As of December 2009, the company's rates were approximately 14 percent below the national average and 7 percent below the Southeast average. Even with this proposed increase, Georgia Power's rates should remain below the national average, and its customers will be paying lower base rates today than they were in 1991 on an inflation-adjusted basis.
Since the last base-rate case in 2007, Georgia Power has invested almost $5 billion:
-- In reliability and Smart Grid - To ensure a stable and efficient grid,
and reliable service for customers.
-- In cleaner natural gas generation - To ensure adequate and cleaner
energy when customers need it. Plant McDonough Units 4, 5 and 6 are
scheduled to begin serving customers in January 2012, May 2012 and
January 2013.
-- For a cleaner environment - To continue to reduce emissions and meet
federal and state environmental standards. By 2015, the company
anticipates reducing nitrogen oxide emissions by 85 percent and sulfur
dioxide emissions by 95 percent from 1990 levels, and achieving
significant reductions in other emissions.
Georgia Power also is proposing changes to its current accounting order with the PSC that would:
-- Replace large rate changes with smaller, periodic adjustments.
-- Allow customers to benefit from cost controls and proactive management
on a timelier basis.
-- Allow customers to share in unexpected economic and/or weather
impacts.
-- Support a more timely process for review of both past and projected
costs than the current lengthy and complex filings.
-- Help maintain the financial stability of the company and keep
financing costs low.
In addition, the company's plan features new energy-efficiency programs that will help customers control their energy use and save money. It also includes a new electric vehicle rate that encourages customers to charge at lower-cost, off-peak times and pay less for electricity.
The PSC will hold public hearings October through December. A final decision is expected Dec. 21, 2010, with new rates going into effect Jan. 1, 2011.
Georgia Power is the largest subsidiary of Southern Company, one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying utility that serves 2.3 million customers and has operations in all but four of Georgia's 159 counties.
Cautionary Notice Regarding Forward-Looking Statements
This press release includes forward-looking statements regarding Georgia Power's filing with the Georgia PSC to increase retail base rates, implement new base rate tariffs, and modify existing base rate tariffs. There are various factors that could cause actual results to differ materially from those suggested by the forward-looking statements; accordingly, there can be no assurance that such indicated results will be realized. These factors include: state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery and the Georgia PSC's review of Georgia Power's 2010 base rate case filing (the final outcome of which may differ materially from Georgia Power's proposal); the impact of recent and future federal and state regulatory change, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, implementation of the Energy Policy Act of 2005, environmental laws including regulation of water quality, coal combustion byproducts, and emissions of sulfur, nitrogen, carbon, soot, particulate matter, hazardous air pollutants, including mercury, and other substances, and also changes in tax and other laws and regulations to which Georgia Power is subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings or inquiries, including the pending Environmental Protection Agency civil actions against Georgia Power, Federal Energy Regulatory Commission matters, and Internal Revenue Service audits; the effects, extent and timing of the entry of additional competition in the markets in which Georgia Power operates; variations in the demand for electricity, including those related to weather, the general economy and recovery from the recent recession, population and business growth (and declines), and the effect of energy conservation measures; available sources and costs of fuel; effects of inflation; ability to control costs and avoid cost overruns during the development and construction of facilities; investment performance of Georgia Power's employee benefit plans and nuclear decommissioning trusts; advances in technology; potential Department of Energy loan guarantees related to the potential Plant Vogtle expansion; internal restructuring or other restructuring options that may be pursued; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the business of Georgia Power resulting from terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts, and the credit ratings of Georgia Power; the ability of Georgia Power to obtain additional generating capacity at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes, pandemic health events, such as influenzas, or other similar occurrences; the direct or indirect effects on the business of Georgia Power resulting from incidents affecting the U.S. electric grid or operation of generating resources; the effect of accounting pronouncements issued periodically by standard setting bodies; and other factors discussed in reports filed by Georgia Power from time to time with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended Dec. 31, 2009. Georgia Power expressly disclaims any obligation to update these forward looking statements.
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The proposed change in rates would be effective Jan. 1, 2011.
"Georgia is the fourth-fastest growing state in the nation, and we have invested billions of dollars to serve that growth," said Ann Daiss, Georgia Power vice president, comptroller and chief accounting officer. "We must continue to invest in our infrastructure to maintain the reliable, affordable electricity and high level of customer satisfaction that our customers deserve and expect."
If the request is approved, the typical residential customer using 1,000 kilowatt-hours per month would see an increase of about 10.1 percent, or $10.88. For business customers, the average increase would range from about 7.7 percent to 10.3 percent.
Additional increases, if approved, would become effective in subsequent years through existing and newly proposed cost-recovery mechanisms outlined in the filing. The company currently estimates increases for new generation, environmental controls and demand-side management programs are expected to increase the typical residential customer bill per month by about $5.38 in 2012 and $1.42 in 2013, respectively. These estimates will be updated through future filings with the PSC.
As of December 2009, the company's rates were approximately 14 percent below the national average and 7 percent below the Southeast average. Even with this proposed increase, Georgia Power's rates should remain below the national average, and its customers will be paying lower base rates today than they were in 1991 on an inflation-adjusted basis.
Since the last base-rate case in 2007, Georgia Power has invested almost $5 billion:
-- In reliability and Smart Grid - To ensure a stable and efficient grid,
and reliable service for customers.
-- In cleaner natural gas generation - To ensure adequate and cleaner
energy when customers need it. Plant McDonough Units 4, 5 and 6 are
scheduled to begin serving customers in January 2012, May 2012 and
January 2013.
-- For a cleaner environment - To continue to reduce emissions and meet
federal and state environmental standards. By 2015, the company
anticipates reducing nitrogen oxide emissions by 85 percent and sulfur
dioxide emissions by 95 percent from 1990 levels, and achieving
significant reductions in other emissions.
Georgia Power also is proposing changes to its current accounting order with the PSC that would:
-- Replace large rate changes with smaller, periodic adjustments.
-- Allow customers to benefit from cost controls and proactive management
on a timelier basis.
-- Allow customers to share in unexpected economic and/or weather
impacts.
-- Support a more timely process for review of both past and projected
costs than the current lengthy and complex filings.
-- Help maintain the financial stability of the company and keep
financing costs low.
In addition, the company's plan features new energy-efficiency programs that will help customers control their energy use and save money. It also includes a new electric vehicle rate that encourages customers to charge at lower-cost, off-peak times and pay less for electricity.
The PSC will hold public hearings October through December. A final decision is expected Dec. 21, 2010, with new rates going into effect Jan. 1, 2011.
Georgia Power is the largest subsidiary of Southern Company, one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying utility that serves 2.3 million customers and has operations in all but four of Georgia's 159 counties.
Cautionary Notice Regarding Forward-Looking Statements
This press release includes forward-looking statements regarding Georgia Power's filing with the Georgia PSC to increase retail base rates, implement new base rate tariffs, and modify existing base rate tariffs. There are various factors that could cause actual results to differ materially from those suggested by the forward-looking statements; accordingly, there can be no assurance that such indicated results will be realized. These factors include: state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery and the Georgia PSC's review of Georgia Power's 2010 base rate case filing (the final outcome of which may differ materially from Georgia Power's proposal); the impact of recent and future federal and state regulatory change, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, implementation of the Energy Policy Act of 2005, environmental laws including regulation of water quality, coal combustion byproducts, and emissions of sulfur, nitrogen, carbon, soot, particulate matter, hazardous air pollutants, including mercury, and other substances, and also changes in tax and other laws and regulations to which Georgia Power is subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings or inquiries, including the pending Environmental Protection Agency civil actions against Georgia Power, Federal Energy Regulatory Commission matters, and Internal Revenue Service audits; the effects, extent and timing of the entry of additional competition in the markets in which Georgia Power operates; variations in the demand for electricity, including those related to weather, the general economy and recovery from the recent recession, population and business growth (and declines), and the effect of energy conservation measures; available sources and costs of fuel; effects of inflation; ability to control costs and avoid cost overruns during the development and construction of facilities; investment performance of Georgia Power's employee benefit plans and nuclear decommissioning trusts; advances in technology; potential Department of Energy loan guarantees related to the potential Plant Vogtle expansion; internal restructuring or other restructuring options that may be pursued; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the business of Georgia Power resulting from terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts, and the credit ratings of Georgia Power; the ability of Georgia Power to obtain additional generating capacity at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes, pandemic health events, such as influenzas, or other similar occurrences; the direct or indirect effects on the business of Georgia Power resulting from incidents affecting the U.S. electric grid or operation of generating resources; the effect of accounting pronouncements issued periodically by standard setting bodies; and other factors discussed in reports filed by Georgia Power from time to time with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended Dec. 31, 2009. Georgia Power expressly disclaims any obligation to update these forward looking statements.
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Tuesday, May 25, 2010
Waste Management Debuts New Landfill-Gas-to-Energy Facility at Superior Landfill in Savannah, Ga.
PRNewswire -- Waste Management today debuted a landfill-gas-to-energy facility at its Superior Landfill and Recycling Center, which uses methane gas to power up to 3,400 homes in the surrounding area. More than 100 state and local officials, business and community leaders gathered for an opening event and tours showcasing the new facility.
The facility is among the largest of its kind in Georgia and the Southeast, according to U.S. Environmental Protection Agency (EPA) data. It represents a new source of green energy entering the power grid, lessening our dependence on fossil fuels. Methane gas -- created from the natural decomposition of waste -- is taken from the landfill through a series of wells placed around the site. From there, gas is used to power eight large engines to generate electricity, creating approximately 6.4 megawatts of power.
"The opening of this facility represents a new source of clean, renewable energy for our community," said Robby White, district manager for Waste Management in Savannah. "It is an environmentally responsible way to harness the energy from the waste we all generate."
Georgia Power and Waste Management Renewable Energy LLC entered into a 10-year deal for electricity, which was approved by the Georgia Public Service Commission in April. Georgia Power selected Waste Management from a number of independent renewable generators that submitted bids through the company's green request for proposals issued in April 2009. The energy from Superior is helping grow Georgia Power's Green Energy program.
"Landfill gas is a clean energy resource that has been endorsed by the U.S. EPA as an environmentally wise alternative that reduces our reliance on fossil fuels," said Paul Pabor, vice president of Renewable Energy for Waste Management. "Over the years, Waste Management has worked closely with businesses, industries and public utilities to develop many beneficial-use projects. We currently have more than 115 projects across North America, including three other sites in Georgia."
Waste Management tailors its services to meet the needs of each customer group and to ensure consistent, superior service at the local level. Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Its subsidiaries provide collection, transfer, recycling and resource recovery, and disposal services. It is also a leading developer, operator and owner of landfill gas-to-energy and waste-to-energy facilities in the United States. With nearly 800 employees in Georgia, the company serves residential, commercial, industrial and municipal customers throughout North America.
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The facility is among the largest of its kind in Georgia and the Southeast, according to U.S. Environmental Protection Agency (EPA) data. It represents a new source of green energy entering the power grid, lessening our dependence on fossil fuels. Methane gas -- created from the natural decomposition of waste -- is taken from the landfill through a series of wells placed around the site. From there, gas is used to power eight large engines to generate electricity, creating approximately 6.4 megawatts of power.
"The opening of this facility represents a new source of clean, renewable energy for our community," said Robby White, district manager for Waste Management in Savannah. "It is an environmentally responsible way to harness the energy from the waste we all generate."
Georgia Power and Waste Management Renewable Energy LLC entered into a 10-year deal for electricity, which was approved by the Georgia Public Service Commission in April. Georgia Power selected Waste Management from a number of independent renewable generators that submitted bids through the company's green request for proposals issued in April 2009. The energy from Superior is helping grow Georgia Power's Green Energy program.
"Landfill gas is a clean energy resource that has been endorsed by the U.S. EPA as an environmentally wise alternative that reduces our reliance on fossil fuels," said Paul Pabor, vice president of Renewable Energy for Waste Management. "Over the years, Waste Management has worked closely with businesses, industries and public utilities to develop many beneficial-use projects. We currently have more than 115 projects across North America, including three other sites in Georgia."
Waste Management tailors its services to meet the needs of each customer group and to ensure consistent, superior service at the local level. Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Its subsidiaries provide collection, transfer, recycling and resource recovery, and disposal services. It is also a leading developer, operator and owner of landfill gas-to-energy and waste-to-energy facilities in the United States. With nearly 800 employees in Georgia, the company serves residential, commercial, industrial and municipal customers throughout North America.
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Wednesday, May 12, 2010
Price Carbon Campaign: Kerry-Lieberman Bill Is No Match for Climate Challenge
/PRNewswire/ -- While senators John Kerry (D-MA) and Joe Lieberman (I-CT) should be commended for their tireless efforts on climate and energy legislation, several flaws in their proposal will prevent it from reducing carbon dioxide to levels that are safe and sustainable, the Price Carbon Campaign said in a statement today.
"The Kerry-Lieberman bill fails the acid test of climate legislation, which is to provide clear signals on emission prices. Investors, entrepreneurs and households all need certainty in future fuel and energy prices, but Kerry-Lieberman hides these crucial price signals behind a curtain of cap-and-trade," said economist Charles Komanoff, co-founder of the Carbon Tax Center, one of the campaign members.
The Kerry-Lieberman bill also allows polluters to purchase carbon offsets, which will delay by precious decades America's transition to clean energy, the campaign said.
"Instead of making needed investments in renewable energy, utilities will have the much cheaper option of investing in third-world projects aimed at cutting carbon," said Tom Stokes, Coordinator of the Climate Crisis Coalition. "Most of these offsets do nothing to reduce current emissions, and they allow polluters in the U.S. to keep burning coal and other dirty fuels."
The campaign also said the Kerry-Lieberman bill fails to adequately protect American households from rising energy costs.
"We need to cut CO2, but we shouldn't stick hard-working families with the bill," said Marshall Saunders, Founder and President of Citizens Climate Lobby, another campaign member. "We believe all the revenue derived from pricing carbon should be returned to everyone, either through direct payment or payroll tax reductions."
The Price Carbon Campaign supports the "People's Climate Stewardship Act," introduced by Dr. James Hansen at the Climate Rally in Washington, DC, on April 25. Rep. John Larson (D-CT) and Bob Inglis (R-SC) have each introduced bills based on the same paramount principles: steadily-increasing carbon fees and recycling the revenue back to the American people.
The Price Carbon Campaign includes Climate Crisis Coalition, Carbon Tax Center and Citizens Climate Lobby.
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"The Kerry-Lieberman bill fails the acid test of climate legislation, which is to provide clear signals on emission prices. Investors, entrepreneurs and households all need certainty in future fuel and energy prices, but Kerry-Lieberman hides these crucial price signals behind a curtain of cap-and-trade," said economist Charles Komanoff, co-founder of the Carbon Tax Center, one of the campaign members.
The Kerry-Lieberman bill also allows polluters to purchase carbon offsets, which will delay by precious decades America's transition to clean energy, the campaign said.
"Instead of making needed investments in renewable energy, utilities will have the much cheaper option of investing in third-world projects aimed at cutting carbon," said Tom Stokes, Coordinator of the Climate Crisis Coalition. "Most of these offsets do nothing to reduce current emissions, and they allow polluters in the U.S. to keep burning coal and other dirty fuels."
The campaign also said the Kerry-Lieberman bill fails to adequately protect American households from rising energy costs.
"We need to cut CO2, but we shouldn't stick hard-working families with the bill," said Marshall Saunders, Founder and President of Citizens Climate Lobby, another campaign member. "We believe all the revenue derived from pricing carbon should be returned to everyone, either through direct payment or payroll tax reductions."
The Price Carbon Campaign supports the "People's Climate Stewardship Act," introduced by Dr. James Hansen at the Climate Rally in Washington, DC, on April 25. Rep. John Larson (D-CT) and Bob Inglis (R-SC) have each introduced bills based on the same paramount principles: steadily-increasing carbon fees and recycling the revenue back to the American people.
The Price Carbon Campaign includes Climate Crisis Coalition, Carbon Tax Center and Citizens Climate Lobby.
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Wednesday, April 28, 2010
America's Anemic '13 Percent Economy': Experts Warn U.S. Risks Long-Term Growth by Focusing on New Energy at Expense of More Energy Efficiency
/PRNewswire/ -- What will play the biggest role in future U.S. economic growth: the new energy that we find ... or the energy that we avoid using?
Even as Congress and the news media focus almost completely on the question of where America will find new sources of traditional and emerging energy sources, the little-understood fact is that new energy sources are likely to play a much smaller role in the current U.S. economic recovery and future growth than are new advances in energy efficiency, according to leading experts. Even worse, the overwhelming emphasis today on new energy is "crowding out" meaningful national dialogue and progress on achieving greater energy efficiency in an economy that is struggling today at a level of just 13 percent efficiency in terms of energy use, meaning that 87% of the energy we use is wasted.
In a phone-based news conference today - John A. "Skip" Laitner, director, Economic and Social Analysis, American Council for an Energy-Efficient Economy and Robert U. Ayres, emeritus professor, Economics and Political Science and Technology Management, European Institute of Business Administration (INSEAD), and co-author of "Crossing the Energy Divide: Moving from Fossil Fuel Dependence to a Clean-Energy Future" (2010) - summarized the thinking at a symposium session held Tuesday to mark the 30th anniversary year of the American Council for an Energy-Efficient Economy (ACEEE). See http://www.aceee.org/conf/30th/april26.htm for more information.
Among the key facts highlighted during the symposium:
-- America's economy has tripled in size since 1970 and three-quarters of
the energy needed to fuel that growth came from efficiency advances -
not net new energy. Going forward, the current economic recovery and
future economic growth are likely to be even more dependent on new
energy efficiency advances than was the period of 1970-date.
-- Americans may have an overly optimistic impression of how energy
efficient the United States is. Despite the enormous strides achieved
in the last four decades, the U.S. economy remains only about 13
percent energy efficient. That still unacceptably high level of
inefficiency either will be allowed to remain in place and therefore
leave the U.S. mired in lackluster economic activity ... or it will be
tackled head-on, leading to new efficiency advances and unleashing
robust future economic growth in the U.S. For example, Japan and
several European countries are about 20% efficient, a factor of 1.5
higher than the U.S.
-- How big might the next round of potential energy efficiency be? If we
invested in more energy productive technologies, energy efficiency
investments can provide up to one-half of the needed greenhouses gas
emissions reductions most scientists say are needed between now and
the year 2050. And that gain in energy efficiency would not only mean
reduced greenhouse gas emissions, it would result in lower energy bill
for consumers.
ACEEE's Laitner said: "The dirty little secret today is that most economic assessments of the current climate change policies either ignore or greatly understate the potential advances in energy efficiency, even though it is clearly the largest and most cost-effective form of greenhouse gas mitigation. There is no mistaking the fact the cheapest, least polluting and most economically productive energy is the energy that never gets used. Cost-effective investment that can reduce the amount of energy necessary to support a dollar of economic activity is the single most important driver of economic productivity within the United States and around the world. And this makes sense once we stop paying attention to outdated economic policy models and think about what is it that actually powers our economy. Is it expensive and conventional energy resources, or the increased use of more energy productive technologies? The evidence suggests that it is the latter. We ignore that at our considerable peril."
Ayres said: "The greatest barrier of all to more energy efficiency is the mentality of the growth imperative: the deep-seated conviction that growth assures survival in the competitive global race. The focus is on growth, with profits secondary. But we have to ask: The race is to where? Growth that consumes limited resources is itself unsustainable. A new paradigm is urgently needed. The new paradigm must focus on the cost-effective re-use, renovation, remanufacturing and recycling. The energy firms of the future will need to sell efficiency, and energy security, not fuel."
-----
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Even as Congress and the news media focus almost completely on the question of where America will find new sources of traditional and emerging energy sources, the little-understood fact is that new energy sources are likely to play a much smaller role in the current U.S. economic recovery and future growth than are new advances in energy efficiency, according to leading experts. Even worse, the overwhelming emphasis today on new energy is "crowding out" meaningful national dialogue and progress on achieving greater energy efficiency in an economy that is struggling today at a level of just 13 percent efficiency in terms of energy use, meaning that 87% of the energy we use is wasted.
In a phone-based news conference today - John A. "Skip" Laitner, director, Economic and Social Analysis, American Council for an Energy-Efficient Economy and Robert U. Ayres, emeritus professor, Economics and Political Science and Technology Management, European Institute of Business Administration (INSEAD), and co-author of "Crossing the Energy Divide: Moving from Fossil Fuel Dependence to a Clean-Energy Future" (2010) - summarized the thinking at a symposium session held Tuesday to mark the 30th anniversary year of the American Council for an Energy-Efficient Economy (ACEEE). See http://www.aceee.org/conf/30th/april26.htm for more information.
Among the key facts highlighted during the symposium:
-- America's economy has tripled in size since 1970 and three-quarters of
the energy needed to fuel that growth came from efficiency advances -
not net new energy. Going forward, the current economic recovery and
future economic growth are likely to be even more dependent on new
energy efficiency advances than was the period of 1970-date.
-- Americans may have an overly optimistic impression of how energy
efficient the United States is. Despite the enormous strides achieved
in the last four decades, the U.S. economy remains only about 13
percent energy efficient. That still unacceptably high level of
inefficiency either will be allowed to remain in place and therefore
leave the U.S. mired in lackluster economic activity ... or it will be
tackled head-on, leading to new efficiency advances and unleashing
robust future economic growth in the U.S. For example, Japan and
several European countries are about 20% efficient, a factor of 1.5
higher than the U.S.
-- How big might the next round of potential energy efficiency be? If we
invested in more energy productive technologies, energy efficiency
investments can provide up to one-half of the needed greenhouses gas
emissions reductions most scientists say are needed between now and
the year 2050. And that gain in energy efficiency would not only mean
reduced greenhouse gas emissions, it would result in lower energy bill
for consumers.
ACEEE's Laitner said: "The dirty little secret today is that most economic assessments of the current climate change policies either ignore or greatly understate the potential advances in energy efficiency, even though it is clearly the largest and most cost-effective form of greenhouse gas mitigation. There is no mistaking the fact the cheapest, least polluting and most economically productive energy is the energy that never gets used. Cost-effective investment that can reduce the amount of energy necessary to support a dollar of economic activity is the single most important driver of economic productivity within the United States and around the world. And this makes sense once we stop paying attention to outdated economic policy models and think about what is it that actually powers our economy. Is it expensive and conventional energy resources, or the increased use of more energy productive technologies? The evidence suggests that it is the latter. We ignore that at our considerable peril."
Ayres said: "The greatest barrier of all to more energy efficiency is the mentality of the growth imperative: the deep-seated conviction that growth assures survival in the competitive global race. The focus is on growth, with profits secondary. But we have to ask: The race is to where? Growth that consumes limited resources is itself unsustainable. A new paradigm is urgently needed. The new paradigm must focus on the cost-effective re-use, renovation, remanufacturing and recycling. The energy firms of the future will need to sell efficiency, and energy security, not fuel."
-----
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Georgia Power's Green Energy Program Redesigned to Include More Solar Power
/PRNewswire/ -- Georgia Power received approval April 20 from the Georgia Public Service Commission (PSC) to modify its Green Energy program, giving customers more solar options.
At the request of PSC Commission Chair Lauren "Bubba" McDonald, the program has been redesigned to include the following:
Premium Green Energy - This option will now contain 50 percent solar energy at a cost of $5 per 100-kilowatt-hour (kWh) block. The option previously cost $4.50 per 100 kWh block and contained 10 percent solar energy.
Under the revised program, the Standard Green Energy, Large Volume Purchase and Special Events Purchase options remain unchanged.
In addition to these changes, the PSC also approved Georgia Power raising the solar capacity cap under its Renewable Non Renewable (RNR) tariff from 1.5 megawatts (MW) to 2.5 MW. The company will now purchase solar energy from customers through this tariff at a new price of 17 cents per kWh.
Georgia Power and the Commission worked together to develop a new mechanism that will automatically raise the solar capacity cap as participation in the Green Energy program grows. Under this mechanism, for every 219 blocks of Premium Green Energy that are purchased by customers, Georgia Power will purchase an additional 100 kW of solar energy through the RNR tariff.
"With the latest changes in our Green Energy program we hope to make solar energy more attractive to our customers," said Angela Strickland, Georgia Power's director of Energy Efficiency and Conservation. "The new mechanism we've developed will ensure that we're keeping pace with customer demand for solar in a cost-effective manner."
Electricity generated for the Green Energy program helps grow the renewable resource base in Georgia and the Southeast and expand the market for renewable energy credits (RECs). RECs are created when a renewable energy facility generates electricity or uses renewable fuel. Customers who purchase RECs through the Green Energy program are paying for the benefit of displacing other non-renewable sources from the electric grid.
Changes to Georgia Power's redesigned Green Energy program and RNR tariff will go into effect June 1, 2010.
For more information or to sign up for Green Energy, visit www.georgiapower.com/green.
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At the request of PSC Commission Chair Lauren "Bubba" McDonald, the program has been redesigned to include the following:
Premium Green Energy - This option will now contain 50 percent solar energy at a cost of $5 per 100-kilowatt-hour (kWh) block. The option previously cost $4.50 per 100 kWh block and contained 10 percent solar energy.
Under the revised program, the Standard Green Energy, Large Volume Purchase and Special Events Purchase options remain unchanged.
In addition to these changes, the PSC also approved Georgia Power raising the solar capacity cap under its Renewable Non Renewable (RNR) tariff from 1.5 megawatts (MW) to 2.5 MW. The company will now purchase solar energy from customers through this tariff at a new price of 17 cents per kWh.
Georgia Power and the Commission worked together to develop a new mechanism that will automatically raise the solar capacity cap as participation in the Green Energy program grows. Under this mechanism, for every 219 blocks of Premium Green Energy that are purchased by customers, Georgia Power will purchase an additional 100 kW of solar energy through the RNR tariff.
"With the latest changes in our Green Energy program we hope to make solar energy more attractive to our customers," said Angela Strickland, Georgia Power's director of Energy Efficiency and Conservation. "The new mechanism we've developed will ensure that we're keeping pace with customer demand for solar in a cost-effective manner."
Electricity generated for the Green Energy program helps grow the renewable resource base in Georgia and the Southeast and expand the market for renewable energy credits (RECs). RECs are created when a renewable energy facility generates electricity or uses renewable fuel. Customers who purchase RECs through the Green Energy program are paying for the benefit of displacing other non-renewable sources from the electric grid.
Changes to Georgia Power's redesigned Green Energy program and RNR tariff will go into effect June 1, 2010.
For more information or to sign up for Green Energy, visit www.georgiapower.com/green.
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