NewEnergyNews: BIG UTILITY, BIG OIL TO BUILD BIG WIND

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The new challenge: To make every day Earth Day.

YESTERDAY

  • ORIGINAL REPORTING: HAWAII'S UTILITIES PLAN FOR 67% RENEWABLES BY 2030
  • ORIGINAL REPORTING: CAN WARREN BUFFETT'S PACIFICORP BRING THE NORTHWEST'S RENEWABLE RICHES TO MARKET?
  • THE DAY BEFORE

  • ORIGINAL REPORTING: A UTILITY IN THE MAKING: THE MUNICIPALIZATION OF BOULDER, COLORADO
  • ORIGINAL REPORTING: WHAT HAPPENED TO THAT NATIONAL HIGH VOLTAGE TRANSMISSION SYSTEM?
  • -------------------

    GET THE DAILY HEADLINES EMAIL: CLICK HERE TO SUBMIT YOUR EMAIL ADDRESS OR SEND YOUR EMAIL ADDRESS TO: herman@NewEnergyNews.net

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    THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: THE STATE OF THE U.S. WIND INDUSTRY (AND WHAT IT MEANS FOR UTILITIES)
  • ORIGINAL REPORTING: HOW SACRAMENTO'S PUBLIC UTILITY IS GETTING IN THE RESIDENTIAL SOLAR BUSINESS
  • THE DAY BEFORE THAT

  • ORIGINAL REPORTING: HAS APS INVENTED A ROOFTOP SOLAR BUSINESS MODEL FOR UTILITIES?
  • ORIGINAL REPORTING: THE GRID NEEDS INDEPENDENT DISTRIBUTION SYSTEM OPERATORS
  • AND THE DAY BEFORE THAT

  • ORIGINAL REPORTING: HOW SHOULD UTILITIES VALUE SOLAR?
  • ORIGINAL REPORTING: IS PUERTO RICO THE NEW POSTER CHILD FOR THE UTILITY DEATH SPIRAL?
  • THE LAST DAY UP HERE

  • Weekend Video: Reindeer Stresses
  • Weekend Video: Pink Fracking
  • Weekend Video: Fighting Duke For Solar
  • --------------------------

    --------------------------

    Anne B. Butterfield of Daily Camera and Huffington Post, is an occasional contributor to NewEnergyNews

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    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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    Your intrepid reporter

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • Monday, April 28, 2008

    BIG UTILITY, BIG OIL TO BUILD BIG WIND

    NewEnergyNews pop quiz -> What drives a powerful utility heavily invested in fossil fuels and a huge oil company to get into wind?

    Answer:
    Renewable Electricity Standards (RESs)

    Dominion and BP Alternative Energy are splitting costs and benefits of wind installations in Virginia and North Carolina because the wind is there and both states have RESs. The companies can therefore know 3 things: (1) It goes almost without saying that energy demand will inevitably rise; (2) The demand for New Energy is guaranteed by the RESs; (3) The natural resource (wind) is available.

    Given those circumstances, even Big Utilities and Big Oil can see the business sense in making a move to New Energy. It's becoming more inevitable every day.


    More states, including Ohio and Michigan, will soon be added to Renewable Electricity Standard (RES) honor roll. (click to enlarge)

    Dominion & BP Announce Agreement to Jointly Develop Wind Farms in Virginia
    April 21, 2008 (PR Newswire via Earth Times)

    WHO
    Dominion (Thomas F. Farrell II, chairman/president/chief executive officer), BP Alternative Energy North America Inc. (Bob Malone, chairman/president)

    BP and Dominion will add Virginia and North Carolina to the list of states obtaining electricity from wind energy. (click to enlarge)

    WHAT
    The companies will jointly develop wind energy projects.

    WHEN
    - Virginia’s RES requires 12% of its power to come from New Energy by 2022.
    - North Carolina’s RES requires 12.5% of its power to come from New Energy by 2021.
    - BP Alternative Energy launched in November 2005

    Virginia's coastal wind assets are worth developing. (click to enlarge)

    WHERE
    - BP and Dominion have already partnered on the in-construction Fowler Ridge Wind Farm in Benton County, Indiana.
    - The new agreement is on the building of wind installations in Virginia to serve Dominion customers in Virginia and North Carolina.

    WHY
    - Dominion and BP are 50% partners on 650 megawatts of the 750 megawatt Fowler Ridge installation. BP will retain sole ownership of 100 megawatts. The project’s first phase is expected to go online by the end of 2008.
    - Dominion has a portfolio of ~26,500 megawatts of generation, including natural gas and oil reserves and supply, natural gas systems and storage system and serves retail energy customers in 11 states. It has ~1,300 megawatts of New Energy, including 750 megawatts of wind in Indiana, West Virginia and Illinois.
    About BP Alternative Energy/BP America:
    - BP Alternative Energy is involved in wind, solar, hydrogen power with carbon capture and storage, natural gas-fired power generation, biofuels for low carbon transport and distributed energy for emerging markets. It is one of the biggest wind developers in the U.S. (~100 projects, ~15,000 megawatts), has 5 new projects under construction (in California, Indiana, Kansas and Texas) and will have 1,000+ megawatts of wind in operation by the end of 2008. BP America is the largest producer of oil and gas in the U.S.

    BP's Beyond Petroleum continues to grow. (click to enlarge)

    QUOTES
    - Thomas F. Farrell II, chairman/president/chief executive officer, Dominion: "Today's announcement is another important step in continuing to grow Dominion's portfolio of renewable energy projects -- which include more than 750 megawatts of wind in operation or under development -- to help provide for our customers' growing electricity needs. We are committed to meeting Virginia's…[and] North Carolina's goal[s] of…renewable energy sources…We look forward to our continued partnership with BP…"
    - Bob Malone, chairman/president, BP Alternative Energy North America Inc.: "BP is rapidly growing its wind power portfolio in the U.S. and we are happy to be working again with Dominion…Wind is one of America's most abundant natural resources and we believe that turning wind into electricity should be a major part of the nation's drive to increase the use of alternative energy and reduce carbon emissions. Through investments like these…and through continued investment in our core oil and gas business, we are working to diversify and expand U.S. energy supply."

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