Library filed under Energy Policy from New York
Wind development in New York has hit a bit of turbulence. The nationwide financial crisis has put the brakes on a wind farm under construction in northern New York and another developer has aborted possible projects in eastern and central New York after trouble securing land. And wind energy companies are now being asked to abide by a code of ethics by Attorney General Andrew Cuomo.
The guidelines included in State Attorney General Andrew Cuomo's Wind Industry Ethics Code provide vital oversight into the wind energy industry. The proposed ethics code establishes public disclosure requirements that will allow residents to know the full extent of any involvement between public officials and wind energy companies. ...Three wind energy companies have already signed on to the Attorney General's Wind Industry Ethics Code. We hope Babcock & Brown, sponsor of the proposed Ripley-Westfield Wind Farm, signs on in the very near future.
Newly named New York Power Authority chief executive Richard Kessel is drawing up a 10-year plan that includes a wind farm "of significant size" off the Atlantic coast and a new sub-Atlantic power cable, he said Thursday. ...Kessel said he has already had a phone conversation with New York City Mayor Michael Bloomberg about the wind farm, which he envisions producing between 200 and 500 megawatts of power - potentially 150 turbines. A Bloomberg spokesman said the mayor and Kessel will meet on the topic in coming weeks.
State Attorney General Andrew M. Cuomo has taken the lead at the state level to bring some oversight to the proliferating proposals for wind power developments across the state. Mr. Cuomo has drafted what is now a voluntary set of ethical guidelines for wind power companies and municipal officials in the wake of a corruption investigation in Franklin County, where wind companies are alleged to have improperly influenced local officials to get permission to build wind towers.
Attorney General Andrew Cuomo is headed in the right direction with a new code of ethics for wind energy companies doing business in New York state. ...Cuomo has also established a task force of watchdog groups and district attorneys, including Monroe County's Mike Green, to ensure companies adhere to the newly established code. But more must be done. The state still lacks a comprehensive policy to handle how and where wind farms enter communities. It's an area that state lawmakers must begin discussing vigorously before the growth in the wind market becomes unmanageable.
Everybody knows we need to get off oil, especially foreign oil. Naturally, as oil and gasoline prices climb, there is that feeling of desperation about wind and gas drilling. Of course, what's lacking is an energy police with authoritative government planning _ just as what was missing on Wall Street were government oversight and regulation of loan practices and packaging. We can't just let some companies put a few windmills on that ridge, a few gas wells in that pasture and a couple of huge solar panels on that hillside. It is too haphazard. We need energy leadership before it is too late.
The New York Independent System Operator has a new wind-power forecasting system. ...The system was installed this month. Wind power is variable in nature, which means adjustments must be made to the grid to accommodate its changing levels. The system will help the NYISO predict how much power each wind project will feed into the system.
State Attorney General Andrew M. Cuomo is investigating allegations that wind power companies improperly influenced local officials in Franklin County to secure permission to build wind turbines. He is also examining whether certain companies colluded to divvy up land and thus avoid bidding against each other. ...Northern New York should not become a rural wasteland at the mercy of wind development. Siting decisions for both turbines and transmission lines must be made carefully.
U.S. Sen. Charles Schumer will meet with the head of the Federal Energy Regulatory Commission about a problem he says has cost state communities millions. "We must get to the bottom of this greedy scheme," Schumer said in a statement. Between January and July of this year, energy-market traders were using deceptive trading practices, the senator said, which slammed consumers with millions of dollars in unnecessary, additional fees and put the state at risk for blackouts.
New Yorkers are now under siege in many communities across the land by renewable wind energy. We do need to generate electric power, and we just cannot wish away fossil fuels as some would like you to believe, namely Al Gore. From the governor and legislators, to the Public Service Commission, they have sold out the citizens of this state. Our elected officials were sworn into office to protect the people of the state. Selling out to foreign wind companies like BP and Iberdrola and trying to make it look like what they are doing is for the people, is hogwash, to put it mildly.
Iberdrola SA, the world’s fourth-largest utility, said today it will go ahead with its $4.5 billion purchase of Energy East Corp., parent of Rochester Gas and Electric and New York State Electric and Gas. The Spanish company said it accepts the conditions set by the state Public Service Commission, which include $275 million in rate relief for RG&E and NYSEG customers. “Iberdrola is pleased to accept this opportunity to help the Empire State meet its energy, environmental and economic goals,” said Ignacio Sanchez Galán, Iberdrola chairman and chief executive.
The northern parts of Clinton and Franklin counties have attracted wind farm developers. They have put up scores of the 400-foot-high wind turbines that will hopefully reduce some of the dependency on fossil fuel. But wind power generated to the power grid in New York is shaping up as a growing problem.
The NY Public Service Commission (PSC) has approved the joint Petition of Iberdrola, S.A., Energy East Corporation, RGS Energy Group, Inc., Green Acquisition Capital, Inc., New York State Electric & Gas Corporation and Rochester Gas and Electric Corporation for the acquisition of Energy East Corporation by Iberdrola, S.A. (CASE 07-M-0906). The order as issued by the PSC can be accessed by clicking on the link below.
When the acquisition is official, Iberdrola along with New York State will commit about $200 million to wind farms in hopes that wind mills will begin to pop up in fields like these. "My real concern is that that's going to happen in small towns through New York State that Iberdrola is going to come in and they're going to point blank tell the towns what they want and if the towns don't want or like what they want. They're just going to say well if you don't take what we want we're going to leave," said Lapinski.
State regulators Wednesday unanimously approved the $4.5 billion merger between Energy East Corp. and Spanish power producer Iberdrola SA, clearing the way for new owners to take over New York State Electric & Gas Corp. if they accept the conditions imposed on the deal. ..."There is no doubt that, on the risk side of the scale, there are some risks" associated with the merger, said Garry A. Brown, the PSC chairman. "We allayed those concerns as well as we could." But Brown said the $275 million in potential savings to customers "is a very significant balance that gets me to a net positive."
The Public Service Commission early this afternoon unanimously approved Spanish utility Iberdrola SA's proposed $4.5 billion acquisition of Energy East Corp. The PSC approval includes a requirement that Iberdrola commit to at least $200 million in wind power projects statewide, up from $100 million previously. In addition, Iberdrola will be required to provide another $275 million in so-called public benefits. ...Iberdrola will then review the order and decide whether to accept it.
Spanish utility Iberdrola SA will be allowed to purchase Energy East Corp., the New York State Public Service Commission determined today. The 4-0 vote by the PSC's board ended a year-long process involving Iberdrola's $4.5 billion proposal to take over Energy East (NYSE: EAS). The approval requires Iberdrola to pay $275 million in customer benefits to offset future rate hikes. Iberdrola must invest $200 million in new wind energy projects. Initially, Iberdrola said it would invest $100 million.
Energy expert Glenn Schleede provides a concise explanation as to why Iberdrola's promised investment of $2 billion in NY "wind farms" will not deliver the type of economic boom envisioned by New York politicians and media leaders.
Iberdrola SA could walk away from its $4.5 billion merger with Energy East Corp. if state regulators try to extract too much money from the Spanish utility. Just a few days from a vote by the Public Service Commission, one of the biggest questions surrounding the deal appears to be just how much Iberdrola will be required to share with customers. ...In a hearing before the PSC on Aug. 20, staff had suggested three different scenarios that involved between $202 million and $300 million in PBAs [positive benefit adjustments]. Two of the scenarios involved sharing earnings with consumers, while the third called for a rate case before the PSC in which the agency could potentially reset Iberdrola's electric and gas rates in upstate New York.
James Denn, a spokesperson for the agency, said on Thursday that a decision more than likely will be made Sept. 3. The five-member commission had planned for several weeks to vote on the matter Wednesday but, at the last minute, decided not to do so due to the absence of two members -- Robert Curry Jr. and Cheryl Buley. Curry was out due to illness, Denn said, while Buley later Wednesday announced plans to move to Kentucky to be married. Buley's move was unexpected, and it means she most likely will not take part in the Iberdrola vote, Denn said.