Just half of Cape Wind's electric is contracted for by Massachusetts' National Grid. 468MW project with estimated cost $2B. Nat Grid to pay 18.7 cents/kwh for 15 yrs with 3.5%/yr increase, twice what they pay for fossil. Will add ~1.7% to residential bills. Mass. requires 15% clean E by '20.
Menchen: democracy is "the pathetic belief in the collective wisdom of individual ignorance".
Energy Info Agency (EIA): unproven shale gas reserves (Marcellus) jumped to 827 tcf (trillion cubic feet). 134% increase. Though Baker Hughes reported a drop of 13 rigs week to week (NY moratorium?).
Corn ethanol producers got their extension of tax credit in the tax bill last week. $6B. The bill also extended the tariff on imported eth. Both extended thru end of '11. Also reinstated was tax credit of $1/gal for biodiesel that had lapsed at end of '09. Also transit benefits of up to $230/mo by employers or employees to drive, take the train, bus or carpool to work.
Diesel Emissions Reduction Act still to expire end of this month. Money for cleaning up over 14k old diesel engines in trucks, buses, trains, other. Senate approved. Waiting on House.
New loan guarantee for nukes approved by House. $7B. Waiting on Senate.
Calif last week approved their cap and trade plan to reduce emissions to '90 levels by '20.
DOI identified ~2 dozen potential sites for large-scale solar on public lands in 6 western states. About 22M acres qualify but possibly only 214k acres will be considered.
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