Monday, 29 May, 2017

Grassley rakes Perry over wind study

Iowa senator slams energy chief for grid study undermining wind energy Amid India's renewable push, China shifts its investments from coal to solar
Ben Pena | 19 May, 2017, 20:47

But Perry has also been a strong advocate of the fossil fuel industry. Under such circumstances, it can be easy to forget that renewable energy is not a partisan issue.

In the United States, the election of Trump has added huge uncertainty about the future for renewables, in Germany recent auctions found offshore wind could be built without any subsidies, while in Chile, the first carbon price in South America came into force from January 1, adding $US5/MWh to each tonne of fossil fuel emissions.

Senator Grassley's letter expresses several concerns.

"I'm concerned that a hastily developed study, which appears to pre-determine that variable, renewable sources such as wind have undermined grid reliability, will not be viewed as credible, relevant or worthy of valuable taxpayer resources", Grassley wrote in the letter, dated yesterday.

"After a year of record investment in renewables, with coal on the decline, the country is gearing up to maintain its renewables target but also ensure grid stability through increased storage", the EY report notes, adding in further detail how the "billionaire tweets" and the plunging cost of battery storage has generated huge interest in the technology.

But he did not stop there. Grassley, R-Iowa, asked the department to provide answers about the methodology and cost of the grid review, which DOE said is meant to look at how renewable energy sources like wind make the grid less reliable.

Appointment of Mueller could complicate other probes into alleged Russian meddling
The appointment won Rosenstein wide praise from Republicans and Democrats. Democratic Senator Amy Klobuchar responded, "This is a truth hunt".

Four business groups in the US, including wind and solar organisations AWEA and SEIA, are anxious that the energy market study initiated by the US Energy Secretary could be based on "a faulty premise" that renewables have a negative impact on grid reliability.

Grassley has been a leading proponent in Congress for the continuation of a wind energy production tax credit.

And while Donald Trump's statements on energy policy have been mostly pro-fossil fuel mythology, during the presidential election Grassley said that Trump would eliminate the PTC "over my dead body".

"So we need complimentary with other sources of renewable energy like hydro and that is the reason why we are at the same time also developing a hydro corridor for the region".

Grassley said Iowa gets 36 percent of its electricity from wind and that its largest utility, MidAmerican Energy Co, is on track to generate 90 percent of its electricity from wind in a few years.

Perry served as governor of Texas, a leading oil-producing state, from 2000 when he succeeded President George W. Bush until 2015.

Recommended

  • 70th Cannes Int'l Film Festival kicks off

    70th Cannes Int'l Film Festival kicks off

    With Netflix they get the benefit to watch what they never would have seen, it brings great connectivity to them to the world. The Cannes Film Festival is famous for its spirited arguments. (They) watch films they otherwise wouldn't have seen.
    Cyberattack's impact could worsen in 'second wave' of ransomware

    Cyberattack's impact could worsen in 'second wave' of ransomware

    Companies including Hitachi and Nissan Motor Co. reported problems but said they had not seriously affected their operations. It said less than 1% of computers were affected, and that the virus was now "localized" and being destroyed.

    Callon Petroleum Company (CPE) Raised to Buy at EuroPacific Canada

    The company's consensus rating is now Strong Buy, with 19 analysts rating it a Strong Buy, and 1 analysts rating it with a Hold. The company reported EPS of $0.10, above the consensus estimate calling for EPS of $0.10 - a positive surprise of 2.25%.
  • More killed, hundreds injured in Venezuela protests

    More killed, hundreds injured in Venezuela protests

    Polls show the majority of Venezuelans want Maduro gone as violent crime soars and the country falls into economic ruin. Authorities were also investigating a shooting in Carabobo that left two officers injured, one critically.
    American Airlines Group Target of Unusually Large Options Trading (AAL)

    American Airlines Group Target of Unusually Large Options Trading (AAL)

    Norges Bank purchased a new position in American Airlines Group during the fourth quarter valued at approximately $98,140,000. The airline reported $0.61 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.57 by $0.04.
    Two killed in United States  tornadoes

    Two killed in United States tornadoes

    The Wisconsin tornado was part of a huge swath of the Plains and Upper Midwest threatened with severe weather. A tornado also hit Elk City, Oklahoma , damaging numerous homes and structures, according to the NWS.
  • U.S. imposes sanctions in joint action with Saudi Arabia

    U.S. imposes sanctions in joint action with Saudi Arabia

    The Saudis also accuse Iran and Hezbollah of fanning the war in Yemen by supporting the Houthi rebels. Embassy and Marine barracks in Beirut that killed 17 American civilians and 241 U.S. troops.
    Attorneys Blast Fox for Not Giving Whole Story Behind Bob Beckel Firing

    Attorneys Blast Fox for Not Giving Whole Story Behind Bob Beckel Firing

    Executives conducted an internal investigation, this person said, and made a decision to part ways with Beckel Friday morning. Fox News on Friday announced that it had fired "The Five" co-host Bob Beckel for a remark he made to an employee of color.

    FY2018 EPS Estimates for Occidental Petroleum Co. Cut by Analyst (OXY)

    The rating was downgraded by Morgan Stanley to "Equal-Weight" on Monday, June 13. (NASDAQ:CPRT) on Tuesday, December 20. Wellington Grp Incorporated Limited Liability Partnership owns 13.85M shares or 0.25% of their United States portfolio.
  • Foreign trip comes at crucial time, but Trump is a reluctant traveler

    He says it's hard to overstate the importance of chemistry - or the lack of it - between a USA president and a Saudi king. KEITH: Well, President Trump had previously said that he thought North Atlantic Treaty Organisation was obsolete.
    Twitter experiencing worldwide outage

    Twitter experiencing worldwide outage

    Twitter has posted on its support page:"Some users are now experiencing problems accessing Twitter & Tweeting ". Some Twitter users were having trouble with the social media service Friday morning, as the company noted.
    1 firefighter killed, 2 seriously hurt in San Antonio fire

    1 firefighter killed, 2 seriously hurt in San Antonio fire

    The San Antonio Professional Fire Fighters Association released a statement on Facebook , asking the public for prayers. They'll be going home for the reminder of the night to a loved one", Hood said. "Continue to keep us in your prayers".

Manchester United to land Oblak if De Gea leaves for Real Madrid Manchester United to land Oblak if De Gea leaves for Real Madrid Romero joined United on a free transfer from Sampdoria in the summer of 2015 after his contract ran out with the Italian club. But Romero has already solved a problem about De Gea's successor should all attempts to keep the Spaniard fail.

Trump decries 'witch-hunt' after special counsel picked for probe His advice to the president: "Stay disciplined, stay focused and deliver on the world stage". Warner of Virginia said Comey's testimony should come "sooner rather than later".

Sizzling Stock Touches New Recent High: NVIDIA Corporation (NASDAQ:NVDA) Following the transaction, the executive vice president now directly owns 601,367 shares in the company, valued at $65,266,360.51. On average, equities research analysts forecast that NVIDIA Co. will post $3.08 earnings per share for the current fiscal year.

Trump claims 'witch hunt'; GOP puts hope in special counsel Trump claims 'witch hunt'; GOP puts hope in special counsel In a series of early morning tweets, Trump complained that he was being singled out in a way Democrats had not been. The White House, however, said initially that it was Rosenstein's memo on May 9 that led to Mr.

Aussie Woman Stripped, Jailed In US After Her Diary Triggers Visa Nightmare Aussie Woman Stripped, Jailed In US After Her Diary Triggers Visa Nightmare News.com.au has contacted US Customs and Border Protection for comment. "They added: "(There's been no) wrongdoing of any kind". She meant to stay for 88 days, and had quit her job prior to flying, but had a tourist visa, as well as a return flight.

Powers and limits of the Trump-Russia special counsel Trump is correct and there is nothing to the suspicions that members of his campaign collaborated with the Russians. "A special prosecutor can not take the place of a truly independent outside commission", Pelosi told reporters.

Moto Z2 Force Leaked In Press Render Moto Z2 Force Leaked In Press Render The smartphone manufacturer is working on a few more devices, which are reportedly going to be Moto Z2, Z2 Play, and Z2 Force. With no official confirmation, however, it's highly advisable to take all leaks and rumors with a grain of salt for now.

Swansea: Clement planning to bring back striker Swansea: Clement planning to bring back striker And Clement reckons their newly confirmed Premier League status could lure him back to South Wales. Gomis has had a stellar season for Marcelo Bielsa's side since arriving last summer.

No substantial impact of WannaCry on Indian IT system: Aruna Sundararajan No substantial impact of WannaCry on Indian IT system: Aruna Sundararajan Named WannaCry (also known as WannaCrypt), the ransomware has infected computers in hospitals, businesses, and homes. Until Friday, Microsoft had not released a security update for Windows XP in over three years.

Former West Allis law enforcement officer charged with shooting Amtrak conductor Former West Allis law enforcement officer charged with shooting Amtrak conductor They also said he admitted that he pulled a gun on people twice before during earlier confrontations. When asked if he wanted a public defender, he said, "I really don't need one if I'm leaving".

Michael Owen states his prediction for Leicester v Tottenham Kane opened the scoring in the 25th minute from close range before Son made it 2-0 by volleying in Dele Alli's pass. Do you something awesome to share with the world? "His performances show that we are right".

Centre wants peaceful life in Kashmir: Jaitley Centre wants peaceful life in Kashmir: Jaitley You can't have the energy of the state involved in just combating violence at various places. He later said that all security agencies were on high alert to deal with militants.

Venezuela leader: Officials treated like Jews under Nazis Venezuela leader: Officials treated like Jews under Nazis Security forces fire tear gas at anti-government protesters in Caracas, Venezuela , Thursday, May 18, 2017. But some opposition sympathizers say such mob-like harassment is the wrong way to confront the government.

Bucs sign Ryan Fitzpatrick as National Football League teams continue to avoid Colin Kaepernick Bucs sign Ryan Fitzpatrick as National Football League  teams continue to avoid Colin Kaepernick Howard for third-year quarterback Jameis Winston , this Buccaneers offense has the potential to set off some fireworks in 2017. Fitzpatrick, now in his 13th season, has 25,888 passing yards, 166 touchdown passes and 133 interceptions in his career.

Trump denies urging former Federal Bureau of Investigation chief to drop Flynn inquiry Comey, who would not let go of an investigation that Trump insisted was a baseless attempt to delegitimize his presidency. Trump has long bristled at the notion that Russian Federation played any role in his November election victory.