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By David Giambusso and Scott Waldman
Good morning! Only POLITICO New York Pro subscribers receive an enhanced version of this email at 5:30 a.m. each weekday. If you'd like to receive it, along with a customized real-time news feed of New York energy policy news throughout the day, please contact us at email@example.com and we'll set you up for trial access. Thank you for reading.
FRACKING BAN CRITICIZED BY GOP CANDIDATES — POLITICO New York’s Scott Waldman: Two Republican presidential candidates criticized Gov. Andrew Cuomo’s fracking ban during media appearances Thursday. The ban has impoverished some of the most economically-challenged parts of New York, GOP frontrunner Donald Trump said in an interview with WGDJ in Albany, adding that the state is in “deep trouble.” And during the taping of an MSNBC town hall in Buffalo, Texas Sen. Ted Cruz blamed “knuckleheaded Democratic politicians” for the ban, the Associated Press reported. http://politi.co/1T7L11K
---The Democratic presidential candidates revisited their differences on fracking in Thursday night’s debate. http://politi.co/1TUU74n
BAG FEE FIGHT HEADS TO ALBANY — POLITICO New York’s David Giambusso: As City Council members battle over exacting a five-cent fee on plastic and paper grocery bags, several state senators are lining up on either side of the issue. http://politi.co/1V5hZmY
N.J. LEGISLATOR CALLS FOR END TO VERIZON STRIKE — POLITICO New York’s David Giambusso: http://politi.co/20FJtPH
** A Message from Nuclear Matters: Providing 61 percent of the state’s carbon-free electricity, New York’s nuclear energy plants are a necessary and valuable part of the state’s energy mix, and deserve the support of state lawmakers for their role in providing New York with reliable electricity while protecting the environment. Learn more: NuclearMatters.com. **
AROUND NEW YORK:
--Entergy, which operates the Indian Point nuclear center, will close its Massachusetts facility in 2019. http://bit.ly/1qspU0t
--Mark-Viverito at odds with Clinton on Indian Point: The City Council Speaker wants the facility shut down, whereas Hillary Clinton wants greater oversight. http://politi.co/20FJCCM
GOOD FRIDAY MORNING: Let us know anytime if you have tips, story ideas or life advice. We're always here at firstname.lastname@example.org and email@example.com. And if you like this letter, please tell a friend and/or loved one. Here’s a handy sign-up link: politi.co/1UqoEoB
CLINTON-SANDERS FRACKING FRACAS — POLITICO's Elana Schor: “Hillary Clinton and Bernie Sanders are feuding over fracking as they head toward primaries in gas-rich New York, Pennsylvania and Maryland — exposing a rift among Democrats that could haunt her at the party’s convention in July and beyond.” http://politi.co/1MwFLWc
BUFFETT BETS BIG ON IOWA WIND — The Wall Street Journal’s Cassandra Sweet: “Iowa, which already gets more of its power from wind than any other U.S. state, will become more reliant on the electricity source under a $3.6 billion plan announced Thursday by a utility owned by Warren Buffett’s Berkshire Hathaway Inc.” http://on.wsj.com/1MwGS8D
FIRST ENERGY OFFERS CUSTOMERS ALL WIND — The Cleveland Plain Dealer’s James F. McCarty: “FirstEnergy officials announced [Thursday] that, beginning Friday, the utility company will offer a limited number of its customers the option to buy 100 percent wind energy-generated power at the same price as its standard power.” http://bit.ly/1MwHtH7
WELLS FARGO FEELING OIL PINCH — The Associated Press: “Wells Fargo's [first quarter] results were affected, like much of its competition, by its exposure to the energy industry.” http://lat.ms/1MwHlHK
--Bank of America is also feeling the pain from soured energy loans, FuelFix reports. http://bit.ly/1MwIO0F
SUNEDISON BLAMES EX-EMPLOYEE, CULTURE FOR MELTDOWN — Bloomberg’s Brian Eckhouse: “SunEdison Inc. said an independent counsel hired by its board identified ‘wrongdoing’ by a former non-executive employee and an 'overly optimistic' culture fostered by management.” http://bloom.bg/1MwI77v
REPORT: NO SERIOUSLY, GLOBAL WARMING IS MAN MADE — InsideClimate News: “Ninety to 100 percent of climate scientists agree that the planet is warming due to human activity, according to a peer-reviewed paper published Wednesday in the journal Environmental Research Letters.” http://bit.ly/1MwIeQB
HALLIBURTON, BAKER HUGHES TO SELL ASSETS — The Wall Street Journal: “Private-equity firm Carlyle Group LP is in serious talks to buy a package of oilfield-services businesses from Halliburton Co. and Baker Hughes Inc. that could be valued at more than $7 billion, as the energy giants seek to overcome a Justice Department challenge to their planned merger.” http://on.wsj.com/1MwIEGI
PEABODY BANKRUPTCY PUTS ENVIRONMENTAL OBLIGATIONS AT RISK — The Wall Street Journal’s Jacqueline Palank: “While the bulk of the $10 billion in debt that Peabody Energy Corp. is hoping to restructure in bankruptcy is held by hedge funds, banks and other sophisticated financial creditors, the coal company’s environmental obligations are also in play..” http://on.wsj.com/1MwJcwg
INVESTORS ANGRY AT BP CEO’S PAY PACKAGE — Newsweek: “Oil giant BP’s chief executive, Bob Dudley, is set to face shareholders at the company’s annual general meeting, amid investor anger over his $19.6 million pay package.” http://bit.ly/23J1VZG
OBAMA ADMINISTRATION IMPOSES OFFSHORE DRILLING REGS — Bloomberg’s Jennifer Dlouhy: “The Obama administration is imposing tough new regulations for offshore drilling nearly six years after the Deepwater Horizon disaster vividly illustrated the potential damage when things go wrong.” http://bloom.bg/1qKhFxj
IRAQI DAM GETS MUCH-NEEDED EMERGENCY REPAIRS — The Associated Press: “A team of Italian specialists arrived Thursday at the site of the Mosul Dam as part of an emergency campaign to repair Iraq's largest dam before it collapses.” http://apne.ws/26412Nv
--Oil fell again on continued doubt about a global production freeze, The Wall Street Journal reports. http://on.wsj.com/1MwJG5m
--Natural gas faltered as well as a continued glut weighs on markets, the Journal reports.
** A Message from Nuclear Matters: New York’s existing nuclear energy plants provide 61 percent of the state’s carbon-free electricity and play a vital role in achieving our clean-energy and carbon-reduction goals. Additional premature retirements of safe, reliable nuclear energy plants mean New Yorkers would pay more for electricity, the economy would suffer and we would face substantially higher carbon emissions.
New York has taken an essential step forward to address the premature closures of our nuclear energy plants. The proposed development of a Clean Energy Standard by the Public Service Commission would, for the first time, ensure that existing nuclear plants are valued for their carbon-free attributes.
We urge the state to include all of New York’s existing nuclear energy plants, regardless of their geography in the state, in the proposed Clean Energy Standard. All nuclear energy facilities bring significant reliability and clean-air benefits to New York. Learn more: NuclearMatters.com. **
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POLITICO New York Energy
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