California’s ambitious 33%-by-2020 renewable energy goal officially was passed by the legislature and sent to Gov. Jerry Brown last Tuesday, the latest attempt to codify the goal in state law. Backers of the measure (SB 2X), which passed the Assembly by a 59-19 vote, said Brown is expected to sign it into law.
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33% California Renewable Goal Passed by Lawmakers
Although already pushed by a past governor’s executive order and implemented by state agencies, California’s ambitious 33%-by-2020 renewable energy goal was passed by the legislature and sent to Gov. Jerry Brown on Tuesday, as the latest attempt to codify the goal in state law. Backers of the measure (SB 2X) said Brown is expected to sign it into law.
Industry Brief
With the nation’s most ambitious renewable energy program, California’s three major private-sector utilities reported progress but still fell short of the state’s 20% 2010 goal, according to a report from the California Public Utilities Commission (CPUC). Each utility made progress from their positions a year earlier. Southern California Edison Co. reported 19.4% of their power coming from renewable sources, compared to 17.4% at the end of 2009; Pacific Gas and Electric Co. reported 17.7% compared with 14.4% in 2009; and San Diego Gas and Electric Co. reported 11.9% compared with 10.5% in 2009. Collectively the utilities averaged 18% of their power coming from renewable sources in 2010, compared with 15% a year earlier. Under the state renewable portfolio standard (RPS) program, the CPUC has established flexible compliance rules that allow the utilities to bank excess renewable energy and defer deficits in any year for up to three years when using what the regulators call an “allowance justification.” The CPUC estimates that aggregate utility RPS total will reach 20% before the end of 2012.
BLM’s Onshore Overhaul Likely to Stall Energy Development
Natural gas and oil drilling shouldn’t be “anywhere and everywhere,” Interior Secretary Ken Salazar said last Wednesday as he launched an ambitious reform of the Bureau of Land Management (BLM) to improve onshore land, water and habitat protections and to reduce a sharp increase in protests and litigation. However, the changes, officials admitted, are likely to stall new onshore development plans across the country.
Interior Misses Mark on BLM Reform, Says Wyoming Governor
Wyoming Gov. Dave Freudenthal fired off a letter to Interior Secretary Ken Salazar slamming the department’s ambitious reform of the Bureau of Land Management’s (BLM) oil and natural gas leasing program (see NGI, Jan. 11). With the proposed changes, the governor said Interior was perpetuating the unbalanced policies in Washington, DC — this time giving environmentalists the upper hand over oil and natural gas development.
WY Governor Says Interior Misses Mark on BLM Reform
Wyoming Gov. Dave Freudenthal fired off a letter to Interior Secretary Ken Salazar last week slamming the department’s ambitious reform of the Bureau of Land Management’s (BLM) oil and natural gas leasing program. Salazar pointed to the reforms as evidence that producers’ influence over BLM policies was waning.
Futures Boosted Above $6 on Salazar’s Drilling Crackdown
Aided by continuing cold and Thursday morning’s storage report expectations, with an assist from Interior Secretary Ken Salazar’s announcement of an ambitious reform of onshore drilling (see related story), February natural gas futures on Wednesday shot to a high of $6.034 before closing the regular session at $6.009, up 37.2 cents from Tuesday’s finish.
BLM’s Onshore Overhaul Likely to Stall Energy Development
Backed by a belief that natural gas and oil drilling shouldn’t be “anywhere and everywhere,” Interior Secretary Ken Salazar on Wednesday launched an ambitious reform of the Bureau of Land Management (BLM) to improve onshore land, water and habitat protections and to reduce a sharp increase in protests and litigation, but the changes, officials admitted, are likely to stall new onshore development plans across the country.
Chevron Working to Reverse Production Declines
Across all of its upstream projects worldwide, Chevron Corp. has taken on an ambitious project to reverse its base business decline rates, which have routinely been around 4-5%, the producer’s upstream chief said Friday.
Chevron Works to Reverse Production Declines
Across all of its upstream projects worldwide, Chevron Corp. has taken on an ambitious task to reverse its base business decline rates, which have routinely been around 4-5%, the producer’s upstream chief said Friday.