PacifiCorp Issues RFP for Over 4,300 MW of Generation Resources

LCG, July 9, 2020--PacifiCorp Monday issued the largest request for proposals (RFPs) for energy projects in company history, seeking more than 4,300 MW in solar, wind and battery storage resources that can connect to its 10-state transmission system and achieve commercial operation by December 31, 2024.

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Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

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Industry News

Energy Bill Tax Breaks Three Times Earlier Estimate

LCG, Nov. 19, 2003--The energy bill now being debated in Washington contains an estimated $25.7 billion in tax credits or allowances that would be spread over the next 10 years, and in the view of some free-market advocates and other observers, represent highly targeted subsidies to particular sectors of the energy industry.

Approximately three-fourths of the tax inentives could be used by energy companies. Many of the tax breaks, including those for consumers, are not based on levels of energy production or savings, but on the type of technology or application involved. A senior policy analyst of the conservative think tank the Heritage Foundation, Charli Coon, was quoted in the New York Times as saying of the bill, "Congress should not be determining the energy winners and losers nor the appliance winners and losers." Coon believes that purchasing decisions should not be based on tax incentives.

Another observer who was quoted was Jerry Taylor, who directs the natural resources program of the Cato Institute, which adopts a strong libertarian stance against what it sees as excessive government influence. "If a technology has merit, there is no need to subsidize it, and if a technology does not have merit, no amount of government subisidy is going to give it merit," Taylor said.

Robert McIntyre directs Citizens for Tax Justice, which receives funding from labor groups, and asked, "What are we doing with this bill? Are we cutting prices for energy so we use more of it? ...This bill is just political payoffs to people who make contributions."

Last year, the Bush administration wrote in a letter to Congress that it was targeting about $8 billion worth of tax incentives for energy producers, roughly half of what is outlined in the current bill before considering additional tax breaks for consumers. Concerns have been raised about the possibility that some of those claiming the credits could perpetrate fraud in filing their taxes, due to the difficulty the Internal Revenue Service would have in monitoring all such claims of eligibility.
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