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Stimulus Package. House-American Recovery and ... Stimulu


Stimulus Package. House-American Recovery and ... Stimulus Package. Direct Spending ... Final passage of bill is expected in mid-February. Energy Policy ... – PowerPoint PPT presentation

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Title: Stimulus Package. House-American Recovery and ... Stimulu

Federal Policies for Renewable Energy What to
expect from the new Administration and
Congress Jeramy Shays, Policy Associate American
Council On Renewable Energy
ACOREs Mission and Strategy
  • 501(c)(3) tax-exempt research education
    nonprofit organization
  • bring renewable energy into the mainstream of
    our economy and lifestyle
  • assume responsibility for the success of
    renewable energy in America
  • be for renewable energy and against nothing
  • ACORE encompasses all renewable and inexhaustible
    energy options
  • - Solar energy - Biomass energy and fuels
  • - Wind power - Geothermal energy
  • - Hydropower ocean - Waste-to-energy
  • in all forms of energy
  • - Electricity - End use thermal energy
  • - Fuels - Hydrogen
  • while focusing on three strategic themes and
    three major activities
  • - Markets - Research and publishing

ACOREs 600 Organizational Members Include all
of the following sectors
Renewable Energy Policy Update
  • Administrations Goal Double RE in 3 years
  • Stimulus Package
  • Energy Policy
  • Renewable Portfolio Standard (RPS)
  • Renewable Energy Rates (Feed-in-tariffs)
  • Climate Change Legislation

Administrations Goal Double Renewable Energy in
3 Years
  • We will double the production of alternative
    energy in the next three yearsWe will put
    Americans to work in jobs building solar panels
    and wind turbines
  • Barack Obama, Jan.
    8th, George Mason University
  • To achieve this goal, we need policies that
  • Economic conditions conducive to this growth
  • Improvement and development of renewable energy
    (RE) grid and transmission technologies
  • Training of a green collar workforce

Stimulus Package
  • House-American Recovery and Reinvestment Act
    Jan. 28 - Party line vote 244 to 188
  • Total Stimulus Package 819 billion
  • Direct Spending on RE and EE 18.5 billion
  • Financial Incentives for RE 20 billion

Stimulus Package Direct Spending
  • Grid Development 11 Billion Grid development
    and improvement
  • Smart Grid Investment Program Increases federal
    matching grants from 20 -50
  • RD, Demonstration Projects 2 billion Energy
    Efficiency (EE) and RE RD, demonstration and
    deployment activities
  • Green Job Training 500 Million

Stimulus Package Financial Incentives
  • 3 Year extension of the Production Tax Credit
  • Option to utilize Investment Tax Credit (ITC)
  • 20 tax credit for energy RD projects
  • Innovative Technology Loan Guarantee Program 8

Stimulus Package Differences in House and Senate
  • House- Grant Program DOE grant of 30 in lieu of
    PTC or ITC
  • Senate- 5 Year Carry-Back Provision
  • Senate- Advanced Energy Manufacturing Credits
    2 billion in energy-related manufacturing
    investment credits at 30
  • Final passage of bill is expected in mid-February

Energy Policy Renewable Portfolio Standard (RPS)
  • RPS of 15 by 2020 passed House 110th Congress
  • Proposed RPS in Senate of 20 by 2020
  • Mandate directly on utilities
  • Compliance through RECs, EECs
  • Obama calls for 25 by 2025

Energy Policy Renewable Energy Rates
  • Renewable Energy Jobs and Security Act (H.R.
  • Guaranteed Interconnection
  • New RE facilities below 20 MW
  • Mandatory Purchase Requirement
  • 20 yr fixed rate contracts allowing for 10
    internal rate of return
  • Cost Recovery
  • RenewCorp would levy systems benefit charge on
    all consumers

ACOREs University RE Rate Initiative
  • Goal- Universities reach 100 of their
    economically viable potential for production or
    purchase of RE
  • Method- State level RE Rates for on campus
    production of RE
  • Governors require PUCs to implement RE Rates
    solely for universities

Climate Change Policy Legislation
  • 10 Cap and Trade Proposals 110th Congress
  • Boxer-Lieberman-Warner Bill Senate Floor
  • Bills Differ on
  • Size of reduction - Allocation vs. auction
  • Offsets and cost controls - Benefits of
    early action
  • Technology support - Entity in charge
  • Few Provisions for Renewable Energy

Climate Change Policy Before Copenhagen???
  • Administration 80 reduction by 2050
  • Senate
  • Working group of Kerry, Boxer, Bingaman
  • House
  • Pelosi- Legislation pass the Floor before
  • Energy and Commerce Committee- Markup by Memorial
  • Strong Opposition
  • Further harm to the economy
  • Skepticism of new market

  • There is strong support for RE within the
    Administration and Congress.
  • There is a good chance that a mandate in the form
    of an RPS or RE Rate will be enacted.
  • RE needs to have a much larger voice in the
    climate debate and play a much greater role in
    climate legislation.