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Energy Update, September 9, 2011

In the States

GA – Governor Nathan Deal has written a letter to the U.S. Nuclear Regulatory Commission in support of a $14 billion nuclear power plant planned for his State.  The Commission will meet on September 27th to decide whether to approve the project, which would be the first new U.S. nuclear power plant in a generation.  Governor Deal said that the plant would create jobs and increase and diversify the State’s energy supply to meet the needs of a growing population.  Ga. Gov. Deal supports new nuclear plant – Spartanburg Herald Journal

NH – New Hampshire’s Senate failed to override Governor John Lynch’s veto of a withdrawal from the Regional Greenhouse Gas Initiative (RGGI), the Northeast’s regional cap-and-trade program.  The repeal passed the legislature and was vetoed by Governor Lynch, but it fell just one vote short of the two-thirds majority required to override the veto. Earlier in the year, the Senate proposed a reform bill that the House rejected in favor of an outright repeal bill.  RGGI supporters claimed that maintaining membership in the program is a national security issue because of the large sums of money being sent to hostile foreign countries for energy imports and political instability caused by global warming.   They also argued that a withdrawal would only eliminate the State’s income from the sale of tax credits, not the higher electricity rates resulting from the initiative.  Those favoring a veto described the cap and trade program as an “income redistribution ploy” and the House leadership pledged to bring back a new repeal bill next year.  State upholds Lynch veto blocking RGGI repeal – New Hampshire Union Leader

Federal News

The U.S. Energy Department has announced that it will guarantee, in part, a $344 million loan to SolarCity, which will use the funds to double the amount of rooftop solar energy in the United States.  As many as 160,000 rooftops of military housing developments in 33 states will be fitted with solar panels that will be installed, owned, and operated by SolarCity, generating as much as 371 megawatts of electricity.  The guarantee is expected to significantly lower capital costs.  DOE to offer loan guarantee for solar rooftop project – Washington Post

According to an audit by the U.S. Energy Department, nearly one in three dollars authorized by federal stimulus legislation for Energy Efficiency and Conservation Block Grants (EECBG) has not been spent.  As of last month, $879 million of those funds remained unspent and another $500 million had been committed by state and local governments, but had not been fully expended.  The Energy Department acknowledged that the money was slow to get to projects, but that they had made significant progress in the past year: just $270 million was spent at this time in 2010 compared to $1.4 billion this year.  The Department also says that the grants have created 5,400 jobs.  But the Inspector General for the Department, who released the report, said that the slow pace of spending is counter to the purpose of the stimulus funding, and that if the money is not spent soon, it should be returned to the Treasury.  Energy Department audit says nearly $900M for efficiency grants to states, cities, goes unspent – Washington Post

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