Wednesday, February 10, 2016

US SUPREME COURT HALTED CLEAN POWER PLAN WITH PARTY VOTE

SCOTUS set new precedent for Fed regs. Stays Clean Power Plan until Fed appeals court review. Those arguments scheduled for June. But, even with finding for CPP, stay would continue until Supreme Court decision. Appeals court rejected stay bid in Jan. EPA Sept deadline for states' plans moot. Could be climate change watershed decision. World may react with similar clean power cutbacks of policy. Great for coal. But may see another challenge after elections with SCOTUS review of appeals court decision. Nothing like having US power industry future turned on a political vote (or, previously, an executive action). (The market may make the Republican Supreme Court law moot.)

Bloomberg urging comps to disclose climate risks. (Maybe Mike IS running.)

Residential solar now at grid parity with coal/NG in 19 states.

TVA completed project to cut SO2 emissions at coal plant.

Climate change linked to fate of empires: study.

US crude inventories at Depression levels, growing: EIA.

New, renewable, drop-in, cellulosic fuel in development by German, Portuguese interests. Competes with $30 oil.

Global clean energy investment record $329B in '15, up 4% v. '14.
$207B in '09, $62B in '04.

Abu Dhabi fund $15M loan for geothermal power project on St Vincent, Grenadines. 15Mw at 3 sites + power lines.

Belgium OK'd E8 starting in '17. E4.5 now. E10 by '20 to comply with EU.

$525M raised toward AES' new 330Mw coal power plant in Philippines.

Tucson utility amping up energy efficiency programs to $23M this year. Includes schools.

Nissum to build innovative 28Mw wind farm offshore Denmark.

Algae biofuel still in play despite oil prices: NREL.

Global solar project pipeline now over 200Gw: IHS.

Calif water district to save $9.5M over 20 yrs with Sun Edison (SUNE) 2.2Mw.

Europe solar market up 15% in '15. Connected 8Gw v. 7Gw in '14. Wind connections 12.8Gw, up 6.3%.

California drought raised power prices $2B.

N Carolina fined Duke Energy $6.6M  for '14 coal ash spill.

Michigan governor plans $195M for Flint.

Solar incentives ran out in Massachusetts.

Abengoa (ABGB) asking for 750M euro loan to keep from bankruptcy.

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