September 24, 2010 News

ENERGY POLICY

California Adopts a 33% Renewable Energy Standard by 2020 http://www.bloomberg.com/news/2010-09-24/california-adopts-strongest-u-s-standard-on-renewable-power-production.html

COMPANY NEWS

Suncor to Construct 88 MW Wind Farm in Alberta http://www.istockanalyst.com/article/viewiStockNews/articleid/4527427

Eurus Energy and NRG Solar Partner to Build 45 MW PV Solar Plant http://www.marketwatch.com/story/eurus-energy-and-nrg-solar-partner-to-build-californias-largest-solar-photovoltaic-generating-facility-2010-09-23?reflink=MW_news_stmp

Earthstone Energy Sells 13,000 Acres to Brigham Energy http://www.prnewswire.com/news-releases/earthstone-energy-reports-on-developments-in-north-dakota-103619354.html

SPG Solar Forms Structured Finance Group http://www.onlinetes.com/renewable-solar-energy-SPG-financing-tes-092310.aspx

T-Mobile Converts Cell Tower to Solar Power http://www.phonescoop.com/news/item.php?n=6671

Trouble Meeting RPS Standards and Other News

Recently there have been calls to allow California utilities buy more renewable power from outside the state and to buy renewable credits to meet RPS standards. The reasons are clear in an article today, from the LA Times, which reports that California utilities are having a hard time meeting the current 20% RPS goal by year end. The reasons are many and are described in the article. California is such an interesting case, as a large economy reliant on power imported from neighboring states, but its situation is not unique. States in the Northeast are also finding it a challenge to meet RPS standards on in-state generated alternative power. Will these RPS standards force California to abandon its ban on new nuclear power to achieve its goals, or will it continue to rely on other states for its energy destiny?


TRADITIONAL ENERGY

Uranium Bottoming as China Stockpiles 10,000 Tons from Cameco http://www.businessweek.com/news/2010-07-11/uranium-bottoming-as-china-stockpiles-10-000-tons-from-cameco.html

Interview with T. Boone Pickens http://money.cnn.com/2010/07/12/pf/pickens_energy_stocks.fortune/


ALTERNATIVE ENERGY

California Utilities Struggle to Meet RPS Requirement http://www.latimes.com/business/la-fi-clean-power-20100710,0,3083534.story

ENERGY POLICY

Group Proposes North Dakota Energy Policy http://www.kxnet.com/getArticle.asp?ArticleId=601226

Squandering the Stimulus http://www.americanthinker.com/2010/07/squandering_the_stimulus.html

New Rules in Massachusetts Set Bad Precedent for Biomass http://www.nytimes.com/2010/07/10/business/energy-environment/10biomass.html?_r=1&src=busln

Climate Bill Would Not Add to Deficit As Long as Carbon Credits Are Sold to Utilities to Raise Money http://www.brighterenergy.org/13504/news/legislation/climate-and-energy-bill-would-not-add-to-deficit/

COMPANY NEWS

Idaho Power Signs First Large Solar Agreement http://www.tradingmarkets.com/news/stock-alert/idhoo_idaho-power-signs-first-large-solar-energy-agreement-1033116.html


Southern Cal Edison Won Approval to Buy 500 MW Renewable Power http://www.reuters.com/article/idUSN0823039820100708