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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 here and we'll set you up for trial access. Thank you for reading.
LOW PRICES, LOUD OPPOSITION LED TO SCUTTLING OF PIPELINE — POLITICO New York’s Scott Waldman: The now-scuttled Northeast Energy Direct pipeline was to have run across one of the most-hostile and gas-dependent regions of the country. Energy giant Kinder Morgan announced Wednesday that it would pull the plug on the $3 billion pipeline, saying low natural gas prices and regulatory uncertainty in New England were the reasons for shelving more than two years of work and millions of dollars in investment. Simple economics certainly played a significant role in scuttling the project. Low gas prices made it less profitable, as did a lack of purchase commitments from the energy industry, Kinder Morgan spokesman Richard Wheatley said. http://politi.co/1pmViNc
CON ED BUYS HALF OF SENECA LAKE GAS STORAGE FACILITY — POLITICO New York’s Scott Waldman: http://politi.co/1SnrXul
CON ED WORKERS OK POSSIBLE STRIKE — POLITICO New York’s David Giambusso: Members of the Utility Workers Union of America, Local 1-2, authorized their leaders to call a strike if negotiations with Con Ed go south as their contract expiration date approaches. http://politi.co/1Qrfofn
FRACKING COULD BE POISONING HORSES ON CASINO MAGNATE’S FARM — Gannett’s Tom Wilber: “For all its beauty, [racetrack magnate Jeff] Gural's horse-breeding farm [in Bradford County, Pennsylvania] holds a disturbing mystery health experts and the federal government are working hard to solve. For three years, the mares have been bearing foals with dysphagia — a rare, life-threatening condition preventing them from swallowing properly.” http://press.sn/1WfByYS
** Get caught up to speed on New York’s latest energy policies at IPPNY’s 30th Annual Spring Conference & Showcase! This year we are proud to feature a panel discussion on New York’s Clean Energy Standard and be joined by Norman Bay, Chairman of the FERC. Register now! **
AROUND NEW YORK:
--The New York Post editorial board comes out in favor of the Constitution pipeline and accuses Gov. Andrew Cuomo of being “poised to kill thousands more jobs.” http://nyp.st/1Qot4aQ
--NYCHA unveils 10-year solar plan, the Wall Street Journal reports. http://on.wsj.com/1pmS2S2
--State Attorney General Eric Schneiderman said Thursday that the federal deal with Volkswagen to compensate its customers after the emissions controversy has no bearing on the separate legal track that New York and other states are taking. http://bit.ly/1MLK14v
--State Assemblywoman Claudia Tenney is the early favorite to win the Republican primary to fill the seat of U.S. Rep. Richard Hanna, according to an internal poll Tenney's campaign released Thursday. http://bit.ly/1XLCMtD
GOOD FRIDAY MORNING: Let us know anytime if you have tips, story ideas or life advice. We're always here at email@example.com and firstname.lastname@example.org. And if you like this letter, please tell a friend and/or loved one. Here’s a handy sign-up link: politi.co/1UqoEoB
KEY PLAYERS IN CLIMATE TALKS MEET IN NEW YORK — The New York Times: “Diplomats from at least 167 countries are gathering in New York to sign the climate accord reached in December in Paris. Whether they make good on their pledges to slow dangerous greenhouse gas emissions will depend in large part on the actions in the years ahead by the world’s largest polluters. A status report on the key players follows.” http://nyti.ms/1r2DB77
SUNEDISON FILES FOR BANKRUPTCY — Reuters: “U.S. solar energy company SunEdison Inc filed for Chapter 11 bankruptcy protection on Thursday, becoming one of the largest non-financial companies to do so in the past 10 years.” http://reut.rs/210uAHW
--Tepper’s Terraform is doing fine: Forbes reports, “After a brutal six months, David Tepper's 11% stake in Terraform Power Inc. is swinging to a profit after it issued a statement Thursday that the bankruptcy of SunEdison, its sponsor company, would not materially impact its business.” http://onforb.es/1pmSJuv
--Renewable sector is unfazed, with most companies confident SunEdison’s collapse was due to its wacky deal-making and not a larger market problem, Bloomberg reports. http://bloom.bg/1pmXwvZ
PRINCE: RENEWABLE ENERGY FOR THE SOUL: “Anyone who knows me understands what a huge fan I am of Prince and the significant influence he has had on my life." --Assembly Speaker Carl Heastie on the passing of his favorite musician.
--Here’s Prince and the Revolution debuting “Purple Rain” in 1983. http://bit.ly/26hBCfl
--Niagara Falls was lit in purple, coincidently, on Thursday night. http://bit.ly/1WglGFp
GE WINS DEAL TO UPGRADE CONNECTICUT POWER PLANT — Bloomberg: “General Electric Co. won a deal to upgrade a U.S. power plant with its newest gas turbine and equipment from the recently acquired Alstom energy business.” http://bloom.bg/1pmWCjg
MASS. GREENS JUBILANT AT PIPELINE DEMISE — The Republican’s Mary Serreze: “Land conservationists, climate activists and elected officials responded with jubilation and caution to Wednesday's unexpected news that Houston-based Kinder Morgan had abandoned plans to build its 420-mile Northeast Energy Direct pipeline through New England.” http://bit.ly/1pmTLa2
VENEZUELA POWER CUTS WORSEN — The Wall Street Journal: “President Nicolás Maduro’s government said Thursday it would cut electrical power by four hours a day for 40 days across much of Venezuela to save energy, even though the country is already reeling from frequent blackouts.” http://on.wsj.com/1pmT1S2
THE WARMING FALLACY: Patrick J. Egan, an associate professor of politics and public policy at New York University and Megan Mullin, an associate professor of environmental politics at Duke’s Nicholas School of the Environment, conducted a study to determine why global warming isn’t scaring the crap out of more Americans.” http://nyti.ms/1pmUTKI
SOLAR FLIGHT IS AIRBORNE AGAIN — The Associated Press: “Two pilots are slowly carving their way into a new future of solar-powered flight as one of them embarks on the latest leg of their around-the-world journey in a plane powered only by the sun.” http://bit.ly/1pmViNk
MORE CUTS AMID ENERGY INDUSTRY CRISIS — Bloomberg’s David Wethe: “Schlumberger Ltd. cut another 2,000 jobs in the first quarter as the world’s largest provider of oilfield services sees the industry in a full-scale crisis.” http://bloom.bg/1pmW0Ke
--Oil drops: A strong dollar and strong jobs market hurt oil futures, The Wall Street Journal reports. http://on.wsj.com/1VohkNE
--Natural gas stays flat: The Journal reports there’s not a whole heck of a lot to report. http://on.wsj.com/1VohuEK
** A message from the Independent Power Producers of New York: Hear from Albany’s energy leaders about upcoming policy issues at IPPNY’s 30th Annual Spring Conference, Blazing a Trail: Bolstering New York’s Energy Markets in a Changing Landscape. This year’s program features Chairman Norman Bay of the Federal Energy Regulatory Commission, President and CEO Brad Jones of the New York Independent System Operator, and a panel discussion on NY’s Clean Energy Standard. Our panel of experts include Scott Weiner of the Department of Public Service, Bob Perciasepe of the Center for Climate and Energy Solutions, Dr. Susan Tierney of Analysis Group, Inc., Kevin Lang of Couch White, LLP, and Charles Berckmann of Moody’s Investors Service. Register today to make sure you are part of the discussion! **
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