Friday, October 28, 2011

Solar in Tennessee


Total installed photovoltaic (PV) capacity in Tennessee increased 44 percent from 2.34 megawatts in the second quarter to 3.37 megawatts in the third quarter of 2011. According to GTM Research and the Solar Energy Industries Association’s most recent data, nearly 96 percent of installed capacity in the third quarter came from the commercial segment.
The Tennessee Valley Authority (TVA) offers multiple incentives to drive PV installations in the state. Launched as a pilot program in 2003, the Generation Partners Program offers production based incentives to homeowners and businesses that install renewable generation systems including PV, wind, low-impact hydropower, and biomass. TVA and participating power distributors purchase 100 percent of output from qualifying PV systems at a premium of $0.12 per kilowatt-hour on top of the retail electricity rate in exchange for solar renewable energy credits (SRECs).  Additionally, new participants receive a $1,000 incentive to offset upfront cost. 
Source: GTM Research
After fueling an unprecedented solar industry boom in the region in 2010, the Generation Partners Program shifted its maximum project size from 200 kilowatts to 50 kilowatts last month. The action was designed to focus program resources primarily on small-scale, renewable projects, which the TVA believes is key to achieving its long-term plan of providing locally produced renewable generation at the lowest cost possible.
By guaranteeing incentives to small-scale projects into the future, TVA hopes to drive continued residential and commercial installations in the state.

CAROLYN CAMPBELL: OCTOBER 27, 2011

Update on Solar Stocks


Wednesday, October 12, 2011

37k Jobs Created by Extending 1603 Treasury Grant


Friday, October 7, 2011

Electric Bills about to Spike


Utilities across the country need more money for grid updates and pollution controls, and are passing the huge bill on to consumers. Laura Colarusso on why electricity bills are rising. By: Laura Colarusso. A reporter at The Daily Beast.

Already weary of high gas prices and 9.1 percent unemployment, many Americans are about to get another kick in the wallet thanks to large increases in their electricity bills.
From Alaska to Georgia and Wyoming to Florida, utilities are seeking permission to pass on hundreds of millions of dollars in new charges to customers to help upgrade aging infrastructure and build new or retrofitted power plants that comply with tougher environmental regulations, a Daily Beast review of regulatory filings has found.

The influx of requests, many still pending before state regulators, has left energy experts convinced that electricity prices will be on the rise for the foreseeable future as the industry struggles to modernize its aging infrastructure.
“They desperately need to upgrade,” says Bill Richardson, the former New Mexico governor and Clinton-era energy secretary who once famously called America a superpower with a Third Worldpower grid. “You’re seeing rate hikes everywhere because this is a widespread, national problem.”
The pending rate hikes are bad news for poor and elderly Americans on tight budgets, as Congress and the White House begin making cuts to programs that help people cope with their utility bills. One program in particular, the Low Income Home Energy Assistance Program, was slashed during the budget negotiations earlier this year, and is slated for even deeper reductions this fall.
During the budget battle, Congress cut $500 million from the program to bring this year’s total to $4.7 billion, down from a high of $5.1 billion in 2010. For next year, the Obama administration requested only $2.6 billion, leaving states with roughly half the assistance they’ve had in the past. The White House rationale relies on the assumption that energy prices will decline, but regulatory filings have indicated the opposite trend is in store.
In the latest round of budget negotiations, House Republicans have suggested adding $822 million on top of Obama’s request for next year, but the gap could still result in rationing.
Already this summer, Illinois cut back on its energy-assistance grants, forcing seniors and poor families to forego air conditioning during the sizzling August heat. And governors of cold-weather states such as Michigan’s Rick Synder and Maine’s Paul LePage—both Republicans—are fighting the drop in funding, warning that people could freeze. Northeastern Democrats are equally concerned by the president’s proposed cuts.
“During these tough economic times, it is critical that we both fully fund LIHEAP and ensure that states have timely access to the funding they need,” Rep. Rosa DeLauro, D-CT, says. “These changes could prevent states from being able to respond quickly to severe cold weather and leave the most vulnerable Americans out in the cold.”
The Beast’s review of regulatory filings found at least 16 utilities covering 6.1 million customers are seeking rate hikes of 5 percent or more. Almost half of those want increases of 10 percent or more.
And several more utilities already have received approval for large increases.
For instance, close to three million customers in parts of Virginia, Kentucky, Ohio, and West Virginia that get their electricity from American Electric Power have seen their rates increase between 48 and 88 percent over the last few years. Those rates are expected to rise an additional 10 to 35 percent in the next three years. The reason? AEP officials are quick to blame environmental regulations that they say are going to cost the company $8 billion in compliance and upgrades.
AEP, which operates in 11 states, says it is raising rates because it needs the cash to upgrade its infrastructure. The company plans to retire five coal plants—which amount to 6,000 megawatts of generation— and build at least two natural gas plants by the end of this decade.
“None of this is cheap,” says Mike Morris, AEP’s chief executive officer. Morris predicts that rolling brownouts also could loom on the horizon because the current system can’t keep up with demand, which is expected to grow by 44 percent by 2035.
Electricity rates were static for most of the 1990s and early 2000s. According to the Energy Information Administration, the average residential customer saw his or her bill increase just seven-tenths of a cent per kilowatt between 1998 and 2004. Between 2005 and 2010, the average price spiked about 2.5 cents and then flattened out over last year as natural gas prices dropped, EIA says.
Dozens of factors affect rate increases, but one of the biggest is that much of the transmission system was built at a time when the radio was still the main form of entertainment. The power grid simply can’t keep up with modern demand as more people use more appliances, computers, and gadgets.



Original Article:
http://www.thedailybeast.com/articles/2011/10/05/americans-face-double-digit-hikes-in-electricity-bills-to-fund-upgrades.html