July 31st, 2010
Yes, indeed, PSEG is making things work for us…
Here’s what they said in this about D-E-L-A-Y of the Susquehanna-Roseland transmission line – two little snippets:
Ralph Izzo indicated that PSE&G has notified the PJM Interconnection that the in-service date for the eastern portion of the Susquehanna-Roseland transmission line has been delayed by 2 years to 2014 with the in-service date for the western portion of the line delayed until 2015. He added, “We are disappointed by the delay, but look forward to meeting the region’s reliability requirements in partnership with our regulators and PJM.” The delays are due to on-going environmental permit reviews.
PSE&G notified PJM that it has not obtained certain environmental approvals that are required for completion of the Eastern and Western segments of the Susquehanna – Roseland transmission line. Consequently, at this time, we do not expect the Eastern portion of the line to be in service before June 2014, and we do not expect the Western portion to be in service before June 2015.
You can learn more about the Susquehanna-Roseland transmission project at www.stopthelines.com!
Interesting 2Q report, some pretty juicy dry numbers here, look how far down their net income was, and look at how their bottom line recovered — it’s those “excluded items” that make the difference:
As Business Week notes:
It’s hard to type that headline without two or three exclamation points!!!
Here’s the report from the Star-Ledger:
Public Service Electric & Gas announced this morning a three-year delay in completing its controversial Susquehanna-Roseland transmission lines, which will cut across New Jersey’s protected, water-rich Highlands.
PSE&G broke the news in its second-quarterly earnings report, explaining that obtaining environmental approvals has taken longer than anticipated. The announcement came just days after the state Department of Environmental Protection found the company’s wetlands permit applications incomplete.
The New Jersey Highlands Coalition and the New Jersey chapter of the Sierra Club, two groups opposed to the project, said it may be the beginning of the end for the power line. But PSE&G said it plans to move forward, contending the power lines are needed to prevent blackouts and keep the region’s power grid reliable.
“We are disappointed by the delay, but we are going to work with the regulators. … We are still committed to constructing the line. It’s just going to be delayed,” said PSE&G spokeswoman Deann Muzikar.
Already approved by the state Board of Public Utilities and the New Jersey Highlands Council, the project involves a 500,000-volt transmission line along a 146-mile route between Pennsylvania and northern New Jersey and erecting 500-kilovolt transmission towers along a path where smaller, 230-kilovolt towers already exist. The main hurdle has been the National Park Service, which must approve a western leg of the line to run through the Delaware Water Gap National Recreation Area, Middle Delaware National Scenic and Recreational River and the Appalachian National Scenic Trail.
PSE&G split the project into two segments earlier this year, hoping to at least begin construction this summer on an eastern leg between Hopatcong in Sussex County and Roseland in Essex County. But that strategy caused trouble for its wetlands permit reviews by the DEP, which noted the BPU had approved the project in one piece, not in a bifurcated process.
Additionally, the National Park Service has stood firm on its plan to delay action until 2012, as it holds public hearings and considered alternative routes for the line. Three hearings are scheduled for Aug. 17 through Aug. 19 in Pennsylvania and Sussex County.
“PSE&G has been playing a high-stakes game of chicken with the public and regulators, whom they are now blaming for their not getting their permits on a fast track. This doesn’t surprise us, considering the vast environmental and scenic damage that will be imposed on the Highlands for this risky, ill-conceived, and expensive project,” said Julia Somers of the Highlands Coalition.
July 28th, 2010
The “Beige Book” report for the 9th Federal Reserve District, HQ’d in Minneapolis, is out. It’s a bunch of anecdotes put together for the economic whizzes — what I don’t understand is what use such an informal compilation of snippets would be? If they’re looking for guidance in making their decisions, I would think they’d want something with greater substance?!?!?! Or if they want “info light,” just go for a drive around the district!
The name, “Beige Book,” on its own draws analogies to depression of another variety — maybe whoever came up with that wasn’t thinking beyond this little task, but it leave us with no doubt what’s in between those covers! Pass the Prozac!
Three sentences stood out:
In contrast, a heavy infrastructure contractor in Minnesota and Wisconsin saw improvement in its market segment.
An engineering firm that supports the mining and energy sector noted an increase in activity.
A Minnesota energy management consultant noted an increase in orders.
July 23rd, 2010
Well, a busy couple of days. Mark Roberts, M.D., Exponent, toady for whatever project developer has the dough to pay him, made appearances in Goodhue, Minnesota for a hearing on the Goodhue Wind project, and in Wausau, Wisconsin, for an open house for a proposed biomass plant. How much of a toady is he?
Dig this, he was “Corporate Medical Director of BP.” Yes, our friend British Petroleum!
Wednesday, he was here in Goodhue, a puppet for the developers.
Here’s a link to the rest of the story: Goodhue Wind Truth
Thursday, he’s in Wausau, WI, a puppet for the developers.
Here’s a link to the rest of the story: Saving Our Air Resource, opponents of that Wausau biomass plant.
From Faux News 55:
Here’s from the Wasau Daily Herald:
About 110 residents attended the sessions, one each in the afternoon and evening, at the Holiday Inn in Rothschild. Staff from We Energies and Domtar stood near displays and video monitors, explaining the plant plan and its effects on the community.
The proposal to burn woody biomass as fuel to create electricity for sale by the Milwaukee energy company and steam to power the Domtar paper mill is pending before the Wisconsin Public Service Commission. Since the plant was proposed in September 2009, We Energies has tried to get ahead of critics with direct mailings, community meetings and door-to-door consultations.
Many residents who attended the Thursday meetings said they were undecided or in favor of the $250 million project and felt satisfied with answers to their questions about air quality, jobs and traffic around the plant.
“No one particular issue stood out,” he said. “Residents asked very similar questions (as at the February open house), and we tried to give them a better understanding of what we do and how we do it.”
Rob Hughes, a member of Save Our Air Resources, a citizen group that has opposed the plant, said he applauded the open house events. But he’s not satisfied with We Energies’ responses to his requests for specific information on air quality if the plant is constructed.
Hughes was referring to the Massachusetts Medical Society, and its December decision to oppose three biomass plants, citing respiratory problems that air pollution can cause or worsen. The organization also asked state governments to discourage the construction of biomass facilities.
July 22nd, 2010
The Public Utilities Commission hearing/meeting on the Certificate of Need (09-1186) and Siting Permit (08-1233) for Goodhue Wind went on until 10:30 last night, and many people still had not spoken. It starts up again at3:00 p.m., again at the Goodhue school.
For the full record, go to www.puc.state.mn.us and “Search eDockets” for 08-1233 (siting) or 09-1186 (Certificate of Need).
And here is a small part of Goodhue Wind Truth’s filings:
News coverage of yesterday’s shindig:
At Finance & Commerce:
And at MinnPost:
On KSTP – check the video!!!
I’d guess there will be something in the News Record and the Beacon soon too…
In the STrib – info on capital funding for the Goodhue project and other National projects:
National Wind will get help on 12 projects and a loan to expand.
By JENNIFER BJORHUS, Star Tribune
A Minneapolis-based wind developer is getting a lift from Deutsche Bank. The German investment bank will help finance 12 wind projects, including five slated for Minnesota, that National Wind has in various stages in the pipeline, National Wind said Thursday. The bank also gave the developer a senior secured loan for an undisclosed amount to finance an expansion to the West Coast and New England.
“We anticipate that Deutsche Bank will participate in financing those projects,” Leon Steinberg, National Wind’s chief executive, said in an interview Thursday.
The projects are still subject to underwriting, but it’s good news for the company at a time when many wind developers are struggling with tight financing.
Robert Martorano, managing director of Deutsche Bank’s asset finance and leasing group, said in a statement that Deutsche Bank is making renewable energy a priority.
National Wind, which employs about 42 people, develops relatively large wind farms with local land owners who maintain majority ownership when projects are done. It has sold three operational wind farms so far: one in Minnesota’s Cottonwood County and two in North Dakota. The 12 projects it is working on would generate 3,950 megawatts of electricity, or enough to power an estimated 1.6 million to 3.6 million homes, depending on weather and the sizes of the homes. The five slated for Minnesota would generate about 1,030 megawatts, or enough to power 412,000 to 927,000 homes.
National Wind made headlines in April with news that one of Texas oil magnate Boone Pickens’ companies is backing another National Wind project in the state, a 78-megawatt wind farm it’s developing around Goodhue, Minn., south of Red Wing. Pickens’ Mesa Power is helping finance that project and supplying about 52 1.5-megawatt GE wind turbines.
The state Public Utilities Commission has granted the Goodhue farm preliminary approval. A group called Goodhue Wind Truth has been opposing the project, which would span about 32,000 acres.
July 19th, 2010
Today (well, really really late yesterday), Goodhue Wind Truth filed the testimony of Richard R. James, INCE, for Wednesday’s hearing over in Goodhue:
A must read:
And this was published earlier this month:
To check out the rest of his exhibits, look at the PUC docket for the AWA Goodhue Wind project:
- and then to “Search eDockets”
- and then search for docket 08-1233
Wednesday’s hearing is for both the Certificate of Need and Siting Permit for AWA Goodhue’s 78MW wind project in Goodhue County, west of the City of Goodhue, utilizing the Goodhue and Vasa substations. This is the one that T.Boone Pickens is involved with, and they’re claiming it’s a C-BED project — but the AWA Goodhue LLC’s HQ is at 8117 Preston Road, Suite 200, Dallas, Texas, 75225. Walker Clarke is the “organizer” and he’s in Houston.
Yup, sounds locally owned to me!