31 Jul 2012

Obama official: Ending wind credit could have ‘devastating effect’

Letting the wind production tax credit (PTC) expire at the end of this year “could have a devastating effect” on the wind energy industry, Federal Energy Regulatory Commission Chairman Jon Wellinghoff said Tuesday. Wind, or any other energy industry, needs “some level of...
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31 Jul 2012

Obama announces new sanctions on Iran

President Obama announced new sanctions on Iran on Tuesday just as lawmakers of both parties in the House and Senate ran out of patience and introduced their own legislation. In his first action, Obama signed an executive order that imposes new sanctions on the Iranian energy and...
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31 Jul 2012

Deal clears path for anti-EU emission trading bill in Senate

The Senate Commerce, Science and Transportation Committee voted Tuesday to approve a bill to block the European Union from requiring U.S. airlines to trade carbon emissions emitted from flights to European countries. The bill, which has been dubbed the European Union Emissions...
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31 Jul 2012

Grassley wants answers from Romney camp on extending wind tax credit

Sen. Chuck Grassley (R-Iowa) isn’t yet convinced that Mitt Romney really wants to kill production tax credits for wind energy projects, incentives that have helped fuel a wind boom in the Hawkeye State, a battleground in this year’s presidential election. But the campaign...
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31 Jul 2012

Obama official: Feds need more cybersecurity oversight for electric grid

The chairman of the Federal Energy Regulatory Commission said Tuesday that cybersecurity legislation being considered by Congress must give a federal entity more authority over the nation’s electric grid to ensure its protection from malicious attacks.  FERC chairman Jon...
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31 Jul 2012

Obama campaign hits Romney over wind energy tax credit

President Obama’s campaign is bashing Mitt Romney for the presumptive GOP nominee’s view that tax incentives for wind power projects should lapse at the end of the year. Romney’s position, announced Monday, sets up a sharp contrast with Obama, who is pressing Congress to approve...
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31 Jul 2012

News bites: BP posts big loss, feds test spill containment, and more

Oil giant BP posted a big quarterly loss Tuesday, The New York Times reports. The Wall Street Journal reports that Saudi Arabia is on track to surpass its record for oil production this year. The Houston Chronicle reports on efforts to test oil spill containment systems. From its...
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31 Jul 2012

ClearView nabs well-known analyst Tezak for senior role

The research and consulting firm ClearView Energy Partners, LLC is adding muscle with the addition of Christine Tezak as a managing director. Tezak, a well-known analyst of the Washington energy landscape, will lead the firm’s coverage of electricity markets, interstate...
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31 Jul 2012

OVERNIGHT ENERGY: Romney’s wind stance blows through Capitol

STATE OF PLAY: The news of Mitt Romney’s support for allowing wind energy tax credits to lapse at year’s end blew through Capitol Hill Monday, revealing a divide with some heartland Republicans. Romney’s campaign confirmed Monday that the presumptive GOP White House nominee does...
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31 Jul 2012

Congress to pass bipartisan, tougher Iran sanctions this week

House and Senate negotiators announced an agreement late Monday on a bill that would significantly tighten sanctions against Iran and companies that help Iran develop its energy resources or advance its nuclear program. The new Iran Threat Reduction and Syria Human Rights Act was...
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