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12/06/2016 10:00 AM EDT
By David Giambusso and Marie J. French
Good morning! You are reading a complimentary synopsis of the POLITICO New York Pro Energy newsletter. Pro subscribers receive a premium version of this newsletter, which includes an enhanced look-ahead and robust analysis of the energy news driving the day, weekdays at 5:45 a.m. Contact us here to learn more.
CUOMO OBJECTS TO HUDSON OIL BARGE PLAN - POLITICO New York's Marie J. French: Gov. Andrew Cuomo wants the U.S. Coast Guard to undergo a full review of its plan to increase the number of anchorage sites along the Hudson River. Opponents of the Coast Guard's proposal, which closes to public comments at midnight Tuesday, are concerned about safety risks from barges carrying oil down the river and their effects on recreational use and riverside views. Cuomo hasn't previously weighed in on the plan, which has drawn bipartisan opposition. "It's deeply troubling that the U.S. Coast Guard has identified multiple sites along the Hudson River without first informing residents on the impacts of anchoring barges, many of them filled with crude oil, will have on communities," the governor's office said in a statement on Monday. Cuomo has directed the Department of State to demand "an immediate and full assessment" of the proposed sites by the Coast Guard, according to his office. The anchorage plan calls for 10 new sites from Yonkers to Kingston with 43 new spots for ships as long as 600 feet to park. http://politi.co/2gJFIuD
--The Coast Guard didn't follow its own internal procedures for the anchorage proposal, according to Pace University students. http://lohud.us/2gZTyY9
MILLENNIUM SUING STATE OVER CPV DELAYS - POLITICO New York's David Giambusso: In another twist in the Cuomo administration's Competitive Power Ventures scandal, the pipeline company building a nearly eight-mile natural gas line to the proposed CPV plant is suing the state for what it claims is an unlawful delay of the project. http://politi.co/2h8Yt7V
LIPA OUTAGES SPIKE - Newsday's Mark Harrington: "Electric-system outages for LIPA customers spiked to a five-year high during the first 10 months of 2016 as PSEG Long Island faced an increase in storms, errors in its new computer system and the impact of a safety procedure." http://nwsdy.li/2g2YZZ3
** A message from Clean Energy Link - Powered by Invenergy: The largest renewable energy project ever proposed on Long Island, Clean Energy Link is the quickest, most affordable path towards Governor Cuomo's 50 by 30 mandate. It's a win-win for Long Island: tripling renewables and preserving open space. LEARN MORE **
AROUND NEW YORK:
--The state has announced additional dates for blood testing of Newburgh area residents. http://politico.pro/2gJFm7t
--New York will deploy emergency response trailers along the routes oil trains take. Four of the trailers will be in the Capital Region. http://bit.ly/2g2uCSz
--SolarCity has started hiring for its Buffalo plant. http://bit.ly/2gZTsQ9
--A project labor agreement has been reached by National Fuel and unions for the Northern Access pipeline. http://bit.ly/2gZOvXB
--Statewide lead data from testing in school is to be released expected soon. http://on.rocne.ws/2g2CSSs
GOOD TUESDAY MORNING: Let us know 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
TEAM TRUMP HOPES TO REVIVE DAKOTA PIPELINE - The Wall Street Journal's Kris Maher and Will Conners: "A day after the Obama administration put the brakes on a Midwest oil pipeline by denying a permit needed to finish the route, a spokesman for President-elect Donald Trump said the incoming administration supports completing the project." http://on.wsj.com/2g2bxzS
TRUMP HUDDLES WITH AL GORE - The New York Times' Coral Davenport: "President-elect Donald Trump, who has called climate change a hoax perpetrated by the Chinese, met on Monday with the climate-activist extraordinaire Al Gore, offering environmental activists a glimmer of hope that the Trump administration's policies will moderate from his campaign pledges to scrap all efforts to stem the warming of the planet." http://nyti.ms/2gw72cY
EPA'S HEARD LITTLE FROM TEAM TRUMP - by POLITICO's Eric Wolf: The EPA has only had one visit from one person from the President-elect Donald Trump's transition team, EPA Administrator Gina McCarthy said today. McCarthy, speaking at an event hosted by the Christian Science Monitor, told an audience "We're most anxious to have the transition team around. ... We have had one individual who came the day before Thanksgiving and we have not heard from anybody since," she said. http://politico.pro/2hc28FQ
STUDY: EXTREME RAINFALL COULD TRIPLE WITH CLIMATE CHANGE - The Washington Post's Chelsea Harvey: "U.S. residents may want to start preparing for a stormier future, scientists say. According to a new study, future climate change could cause an increase in extreme precipitation events throughout much of the country - in fact, these events could become up to five times more frequent in some areas." http://wapo.st/2g26kb7
SOCIALLY RESPONSIBLE FUNDS MAY TIE PAY TO IMPACT - The Wall Street Journal's Alex Davidson: "Plenty of investment professionals have their compensation tied to hitting specific financial targets. But does that metric make sense for increasingly popular socially responsible funds? As these funds attract investors, some of the firms behind them have decided to tie the compensation of their portfolio managers to the impact the investments have made. The reasoning is clear: Investors in these funds are hoping to have an environmental and social impact, and managers' compensation should reflect how well they achieve those goals." http://on.wsj.com/2g2iTmP
SMART HOME ENERGY SENSOR - The Washington Post's Steven Overly: "The plethora of electronic devices in your home may plug into the same walls and draw electricity from the same source, but each has a unique signature or fingerprint that helps distinguish it from the rest. To a sophisticated sensor, the refrigerator, the curling iron and the TV look quite different. Those fingerprints can also unlock energy information about the entire home, one company claims." http://wapo.st/2gZPWVH
MEXICO'S PRESIDENT SETS ASIDE ENVIRONMENTAL PRESERVES - The Associated Press: "Mexico's president signed decrees creating four new biological reserves and five other protected areas Monday, setting aside about 160 million acres (65 million hectares) for environmental conservation." http://nyti.ms/2g2d5tz
OPEC TO SEEK MORE CUTS FROM NON-MEMBERS - The Wall Street Journal's Benoit Faucon and Summer Said: "OPEC's agreement to slash oil output faces its first test Saturday, when it asks producers outside the cartel to make production-cut commitments intended to amplify the effect of the landmark deal." http://on.wsj.com/2g2i914
SHALE HEDGES DISTORT MARKET - Bloomberg's Javier Blas, Alex Longley and Alex Nussbaum: "U.S. shale oil companies are using the post-OPEC rally to hedge their oil price risk for next year and 2018 above $50 a barrel, bankers, merchants and brokers said, pushing the forward oil curve upside down." http://bloom.bg/2gZPF5c
INTERNATIONAL OIL INVESTS IN GULF DRILLING - The New York Times' Elisabeth Malkin and Clifford Krauss: "The international oil industry on Monday agreed to pay billions of dollars to the Mexican government for rights to drill in the country's portions of the Gulf of Mexico." http://nyti.ms/2hc63Tb
AMID GOVERNMENT OBSESSION, JAPAN LOSING INTEREST IN CLIMATE - The New York Times' Tatiana Schlossberg: "A recent government survey showed that nearly 75 percent of Japanese people ages 18 to 29 expressed interest in climate change, an impressive figure by international standards. But it is a noticeable drop from the close to 90 percent interest stated by the same age group just a few years ago." http://nyti.ms/2h11V7Y
--Oil rose again on more optimism around the OPEC deal, the Wall Street Journal reports. http://on.wsj.com/2h3wIxB
--Natural gas almost hit a two-year high on bullish demand expectations, the Journal reports. http://on.wsj.com/2h0QoFY
** A message from Clean Energy Link - Powered by Invenergy: The largest renewable energy project ever proposed on Long Island, the Clean Energy Link is the quickest, most affordable path towards Governor Cuomo's 50 by 30 mandate. Consisting of four new wind and two new solar farms in four PJM states, the Clean Energy Link's portfolio has a generation capacity of over 700 MWs. Using sites totaling more than 55,000 acres spread across a geographically diverse area, the Clean Energy Link captures great economies of scale, brings Long Island a more consistent supply of green power than is currently available, and offers significant ratepayer value by delivering renewable energy at attractive prices. Operational by 2020, the Clean Energy Link is a win-win for Long Island: tripling renewables and preserving open space. LEARN MORE **https://www.politicopro.com/settings
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