Thursday, August 28, 2008
Wind Farm Corruption Brings Investigation to New York
The New York Times reports complaints of wind power corruption have brought an investigation to rural New York. Small towns near the Canadian border have experienced rifts due to wind farm least options resulting in property damage and family feuds. Town officials are rezoning and allowing permits for their own personal gain and accepting financial bribes. There are currently nine large scale wind farms operating in New York.
http://www.windenergyinvesting.com/2008/08/26/wind-farm-corruption-brings-investigation-to-new-york/
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Transmission line problems
From the NY TIMES 8-27-08 By MATTHEW L. WALD Published: August 26, 2008
The Energy Challenge -Wind Energy Bumps Into Power Grid’s Limits
When the builders of the Maple Ridge Wind farm spent $320 million to put nearly 200 wind turbines in upstate New York, the idea was to get paid for producing electricity. But at times, regional electric lines have been so congested that Maple Ridge has been forced to shut down even with a brisk wind blowing.
That is a symptom of a broad national problem. Expansive dreams about renewable energy, like Al Gore's hope of replacing all fossil fuels in a decade, are bumping up against the reality of a power grid that cannot handle the new demands. The dirty secret of clean energy is that while generating it is getting easier, moving it to market is not.
The grid today, according to experts, is a system conceived 100 years ago to let utilities prop each other up, reducing blackouts and sharing power in small regions. It resembles a network of streets, avenues and country roads. “We need an interstate transmission superhighway system,” said Suedeen G. Kelly, a member of the Federal Energy Regulatory Commission.
While the United States today gets barely 1 percent of its electricity from wind turbines, many experts are starting to think that figure could hit 20 percent. Achieving that would require moving large amounts of power over long distances, from the windy, lightly populated plains in the middle of the country to the coasts where many people live. Builders are also contemplating immense solar-power stations in the nation’s deserts that would pose the same transmission problems.
click on link to read the enitre article
http://www.nytimes.com/2008/08/27/business/27grid.html?pagewanted=1&_r=2&sq=wind%20power&st=cse&scp=2
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Interesting Stock Market News
Trading halt
Spanish stock market regulators, apparently believing the New York Public Service Commission would vote Wednesday on the Iberdrola-Energy East deal, suspended trading of Iberdrola shares in Madrid. Iberdrola's American Depositary Receipts rose 50 cents to $48.30 in New York trading. Energy East was up 52 cents to $27.
What's next
The Public Service Commission is now scheduled to consider the Iberdrola-Energy East deal at a special meeting at 10:30 a.m. on Wednesday at PSC offices in Albany.
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PSC Commissioner Buley Resigns
Curry was ill, and the commission later announced that Buley plans to resign next week because she is getting married and moving out of state, leaving the four remaining commissioners to decide the case.Buley's resignation would seem to make approval more difficult, since three votes are still needed for the sale to proceed. PSC members are appointed by the governor and confirmed by the state Senate. To read the rest of the article, click here:
http://www.democratandchronicle.com/apps/pbcs.dll/article?AID=2008808280361
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Wednesday, August 27, 2008
NO VOTE today on the Iberdrola "deal"
Only three commissioners attending the "Special Meeting" today.
The Vote on the Iberdrola Energy East acquisition will be pushed back to the September meeting.
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PSC Decision Today - Webcast Starts at 10:30am
The Web address is www.NewYorkAdmin.com.
From this morning's D&C:
After months of back and forth, hearings, rulings, concessions and the like, the time has finally come for the New York Public Service Commission to render its decision on the Iberdrola deal. click on link to read the entire article http://www.
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Tuesday, August 26, 2008
New York PSC to rule on Iberdrola's $4.5B bid for Energy East
The state Public Service Commission, appointed by the governor and confirmed by the state Senate, sets rates and ensures that adequate service is provided by New York's utilities.
Current PSC Members:
The decision by this committee is expected Wed, Aug 27th, 2008
What's at stake?
How much we pay for electricity. Iberdrola SA and the state Public Service Commission staff disagree on how much rate relief Iberdrola should provide if it's allowed to buy the parent of RG&E and NYSEG.
Article in the D&C by Jim Stinson and Gary Craig • Staff writers • August 26, 2008
The future of the world's fourth-largest utility in New York state could soon be at an end, or a beginning.
Iberdrola SA of Bilbao, Spain, has bid more than $4.5 billion for Energy East Corp., the parent company of Rochester Gas and Electric Corp. and New York State Electric and Gas Corp. Fourteen months after the friendly deal was unveiled, Iberdrola is due to get a thumbs up or thumbs down Wednesday from the state Public Service Commission.
At stake are $2 billion in upstate investment, New York's reputation as a place to do business and what might happen to the fourth-highest ...
click on link to read the entire article http://www.democratandchronicle.com/article/20080826/NEWS01/808260336
Monday, August 25, 2008
Hot air about wind power
http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=72921
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Energy East $100M payouts possible per PSC member
Energy East payouts possible; PSC member suggests bosses could get $100 million in deal
Top executives at Energy East Corp. stand to make $100 million if they lose their jobs as part of Spanish utility Iberdrola SA's $4.5 billion acquisition, according to one member of the state Public Service Commission. It's unclear just how important the issue will be as part of the PSC's deliberations on the $4.5 billion deal.PSC commissioners, who discussed the case at their monthly meeting this week, have scheduled a special meeting on the merger Wednesday. A vote also is...for the complete story, click here http://www.wind-watch.org/news/2008/08/25/energy-east-
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Webcast from the 8/20/08 PSC Session
Click on link for the webcast from Wed, 8/20/08 meeting.
http://www.dps.state.ny.us/The PSC will make their recommendation on Wed, August 27th.
The Live Webcast will be available by clicking on this link (it's free) www.NewYorkAdmin.com
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Saturday, August 23, 2008
A letter to the PSC from one of our NVBHA Members
Gordon W Ellis
Naples, NY
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Status of PSC's decision re: Iberdrola and Energy East
http://www.democratandchronicle.com/apps/pbcs.dll/article?AID=2008808210327
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Thursday, August 7, 2008
South Bristol Historical Society Event - August 9
The event is free and open to the public and will be held at the SBHS headquarters in the hamlet of Bristol Springs in the former Grange building.
Refreshments will be provided.
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