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08/01/2016 10:00 AM EDT
By David Giambusso and Scott Waldman
Good morning! You are receiving the complimentary synopsis of the POLITICO New York Pro Energy newsletter. Pro subscribers are receiving an enhanced version of this newsletter at 5:45 a.m. each weekday, which includes a look-ahead and robust analysis of energy policy news driving the day. If you would like the Pro version of this newsletter, along with customized real-time insights on New York energy, please contact us here and we will set you up with trial access. Thank you for reading!
CLEAN ENERGY STANDARD VOTE TODAY-POLITICO New York's Scott Waldman: New York regulators are scheduled to vote Monday on the Clean Energy Standard, one of the most significant energy policies the state has advanced in years. The plan would mandate that renewables power half the state's power grid by 2030, and establish the Cuomo administration as a climate leader by enacting one of the most aggressive clean energy policies in the country. In recent weeks, however, considerable attention has been focused on the nuclear component of the plan, which would require state residents and businesses to pay facilities above-market rates for the power they produce. Nationally, the Clean Energy Standard could cause a seismic shift in the way states treat their nuclear facilities, experts say. http://politi.co/2a9PC6U
--The vote will have a national audience. http://reut.rs/2afQZ0S
PSEG L.I. HIKING BILLS AGAIN - Newsday's Mark Harrington: "PSEG Long Island in August will again raise the power supply charge portion of electric bills, increasing the average billby around $10 as the cost of fuel and power are affected by heat and rising demand." http://nwsdy.li/2anVIPj
FERC APPROVES NYC TRANSCO EXPANSION - Energy Biz: "The Federal Energy Regulatory Commission (FERC)has given its approval for Transco Expansion Projects located in New York City and Virginia, Williams Partners L.P. announced." http://bit.ly/2amUn8g
TESLA AND SOLARCITY MERGER COULD COME TODAY-Reuters: "Tesla Motors Inc and SolarCity Corp could announce they have agreed to merge as early as Monday, people familiar with the matter said, setting the stage for a campaign to convince the two companies' shareholders to back the deal." http://reut.rs/2aqMMt1
AROUND NEW YORK:
--Passive solar apartments have planned for a development outside of Albany. http://bit.ly/2ae0mwl
--The Buffalo News looks at the fight over a 200-megawatt wind farm in Orleans County. http://bit.ly/2arOQ13
--Hoosick Falls residents say things did not go well at an informational meeting with a single doctor present to answer questions. http://bit.ly/2arc9sh
GOOD MONDAY 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: http://politi.co/1TZmBpl
A TEST FOR FLOATING WIND - The Guardian's Matt Weiser: "The deep waters off the coast of California could become home to the country's largest offshore wind energy project and a test case for a technology that is still in its infancy." http://bit.ly/2anW3Sb
SWAN MEASURES - The Associated Press: "Months after environmental officials killed a swan they determined to be aggressive, Connecticut is taking steps to better inform the public about nesting sites so people can avoid coming in contact with the birds." http://wapo.st/2amUuAL
MASSIVE 'DIE-OFF' AT GULF REEF - The Associated Press: "Federal scientists say a massive die-off is taking place on a coral reef of a national marine sanctuary in the Gulf of Mexico." http://wapo.st/2anaLpq
BIG SUR ON FIRE - The Associated Press: "Crews continued to battle a massive wildfire near California's Big Sur that is threatening thousands of homes as another one broke out in Fresno County and quickly spread, prompting the evacuation of 300 homes near dry, rolling hills." http://wapo.st/2anakv3
KOCHS TO USE CLINTON IN SENATE ADS - The Washington Post's Matea Gold: "The Koch political network, which has steadfastly refused to engage in the 2016 presidential contest, plans to invoke Democratic presidential nominee Hillary Clinton in paid messages to voters as part of its campaigns supporting GOP Senate candidates, top officials said Saturday." http://wapo.st/2aobYQp
SUPER RICE DISCOVERY COULD CUT POLLUTION - Eurekalert: "A new [University of Toronto] Scarborough study has identified "superstar" varieties of rice that can reduce fertilizer loss and cut down on environmental pollution in the process." http://bit.ly/2aobBFy
GLIMMERS OF LIGHT IN GLOOMY OIL PATCH-The New York Times' Clifford Krauss and Stanley Reed: "As recently as two summers ago, Latshaw Drilling was so fully booked it sometimes had to turn away oil companies eager to rent one of its 39 rigs at $22,000 a day." http://nyti.ms/2amKJIX
BUT BUST IS KILLING OIL AND GAS - The Houston Chronicle: "The extended energy bust has enveloped every segment of the oil and gas industry, washing over major oil companies, independent producers, services firms and refiners as brutal earnings reports suggest that if the downturn has indeed reached bottom, the climb out will be long and painful." http://bit.ly/2anaWkt
DESPITE GLUT, CHINA DOUBLES DOWN ON NATURAL GAS - The Wall Street Journal's Brian Spegele: "A global natural-gas glut has slowed the U.S. shale boom, but in [Fuling], this Yangtze River town, a Chinese one is just starting." http://on.wsj.com/2anVUOG
CHINA'S NUCLEAR DREAMS - The Associated Press: "China's ambitions to become a pioneer in nuclear energy are sailing into troubled waters." http://nyti.ms/2anWX0Z
CHEAP OIL GOOD FOR INDIA - Bloomberg: "The doomsday crude market is a blessing for India's Oil Minister Dharmendra Pradhan." http://bloom.bg/2an9JtB
--U.S. oil rebounded Friday, but Brent fell further as oversupply keeps the pressure on crude prices, The Wall Street Journal reports. http://on.wsj.com/2ah49Ko
--Natural gas gained Friday as supply data indicated the glut may be diminishing, the Journal reports. http://on.wsj.com/2aobZEb
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