Dive Brief:
House Democrats unveiled legislation on Tuesday that would bring economy-wide greenhouse gas (GHG) emissions to net-zero by 2050, and cut emissions 50% below 2005 levels by 2030 or sooner.
The CLEAN Future Act proposes a national Clean Energy Standard that would require all retail electric providers to generate 100% of their power from zero-emissions resources by 2035, and 80% by 2030. It would also require the Federal Energy Regulatory Commission to update U.S. transmission policy in order to better integrate renewables onto the grid, and direct greater investment in energy storage, microgrids, distributed energy resources and more.
The bill also targets transportation electrification, environmental justice, economic transition for fossil fuel workers, building efficiency and more. It would also include major changes to the Federal Power Act (FPA) and the Public Utility Regulatory Policies Act (PURPA).
Paris Climate Agreement: Instead of Regulations and Mandates, Embrace Markets
heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
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Why Push Offshore Wind?
Of all the renewable technologies, available, offshore wind offers a best chance at a utility level scale, that can support a significant baseload. Thanks to government incentives, technological advances, economy of scales, reduction in cost, low interest rates and pressures on energy companies to transition towards cleaner energy, today, European offshore wind is a mature industry with more than 22 GW by end of 2019. So, what about prospects of offshore wind energy in USA?
The US offshore wind market is expected to grow several-fold increase in capacity, from 2020 levels of (42 MW) to estimated ~28 GW by 2030 from at least 34 projects in the development pipeline in the North Eastern United States and west coast
Press release content from Business Wire. The AP news staff was not involved in its creation.
IDACORP, Inc. Announces Fourth Quarter and Year-End 2020 Results, Initiates 2021 Earnings Guidance
February 18, 2021 GMT
BOISE, Idaho (BUSINESS WIRE) Feb 18, 2021
IDACORP, Inc. (NYSE: IDA) reported fourth quarter 2020 net income attributable to IDACORP of $37.5 million, or $0.74 per diluted share, compared with $47.1 million, or $0.93 per diluted share, in the fourth quarter of 2019. IDACORP reported 2020 net income attributable to IDACORP of $237.4 million, or $4.69 per diluted share, compared with $232.9 million, or $4.61 per diluted share, in 2019.
“I am proud to announce IDACORP has achieved its 13th straight year of growth in earnings per share,” said IDACORP President and Chief Executive Officer Lisa Grow. “Continued robust customer growth of 2.7% over the previous year for Idaho Power was a significant driver of this accomplishment. This growth, combined with lower operati
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
NorthWestern Reports 2020 Financial Results
NorthWestern CorporationFebruary 11, 2021 GMT
Company reports GAAP diluted earnings per share of $3.06 for 2020, affirms 2021 earnings guidance and announces a 3.3% increase to the quarterly dividend - to $0.62 per share - payable March 31, 2021
BUTTE, Mont. and SIOUX FALLS, S.D., Feb. 11, 2021 (GLOBE NEWSWIRE) NorthWestern Corporation d/b/a NorthWestern Energy (Nasdaq: NWE) reported financial results for the year ended December 31, 2020. Net income for the period was $155.2 million, or $3.06 per diluted share, as compared with net income of $202.1 million, or $3.98 per diluted share, for the same period in 2019. This $46.9 million decrease in net income is primarily due to an income tax benefit in 2019, lower gross margin in 2020 due to warmer winter weather and impacts of the COVID-19 pandemic, a disallowance of prior period supply costs
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