Tag: Stephen D. Haner
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New Youngkin Tax Cuts Total $7 Billion By 2028
by Steve Haner The set of Virginia tax changes Governor Glenn Youngkin (R) has baked into his proposed 2023 budget amendments is far more extensive and involves substantially more tax relief than the descriptions he offered in his December 15 presentation.
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SCC Drops Wind Energy Performance Standard
by Steve Haner The Virginia State Corporation Commission (SCC) has abandoned its push for an offshore wind performance standard fiercely opposed by Dominion Energy Virginia. It agreed instead to some capital cost limitations for its project that the utility has endorsed . In a decision released today, the two commissioners accepted in full a stipulation put…
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Virginia Agrees To Compensate Fishing Industry For Damage From Offshore Wind
by Steve Haner Nine states, including Virginia, have agreed to establish a major compensation fund to pay their private commercial and recreational fishing companies for damages caused by offshore wind turbines. Three guesses where the money comes from. The announcement, made December 12, hints at it coming from project developers, but in Virginia of course…
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RGGI Tax, On Path to Repeal, Reaches $524 Million
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. The tax on each ton of carbon dioxide emitted by Virginia electricity plants dropped to below $13 a ton in the most recent sale of CO2 allowances conducted by the Regional Greenhouse Gas Initiative (RGGI). That meant Virginia collected only…
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Why Does Dominion Fear a Wind Output Promise?
By Steve Haner While we await a decision by the State Corporation Commission on competing approaches for protecting consumers from unexpected offshore wind costs, some additional relevant information is worthy of notice. Two items call into question Dominion Energy Virginia’s refusal to assume financial risk for poor turbine performance.
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Feds: Whales Must Be Protected from Turbines
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. Soon after a group of opponents to proposed East Coast offshore wind projects hired a law firm with environmental regulation expertise, the federal Bureau of Ocean Energy Management (BOEM) announced a new plan to protect North Atlantic Right Whales and…
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No Climate Crisis. Very Little Climate Change.
by Steve Haner Wednesday’s climate propaganda sermon in the Richmond Times-Dispatch focused on the most recent failure of alarmist media messaging concerning the now-completed Atlantic hurricane season, which turned out to be average. It was predicted to be far more active than average, so once again the prophets of doom were wrong. Folks in Florida…
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Batting Zero on Virginia Energy Policy Reset
by Steve Haner One year later, a series of energy policy goals for Virginia proposed by the Thomas Jefferson Institute for Public Policy remains just as valid and also remain unaccomplished. Gridlock has favored the flawed status quo. Compared to a year ago, more Virginians have awakened to the reality that they will soon be…
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SCC Urged To Focus on Wind Construction Risk
by Steve Haner Advocates made their case Monday for a proposed settlement that offers Virginia consumers some protection from construction cost overruns on Dominion Energy Virginia’s proposed offshore wind project. Not everybody said it was superior to an earlier proposal that protected consumers from future operational failures, but all saw it as unlikely to kill…
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SCC’s Jagdmann Resigns, Leaves December 31
by Steve Haner The (Very) Honorable Judith Jagdmann has resigned from Virginia’s State Corporation Commission, effective at the end of the year. The 2023 General Assembly now has two seats to fill on that crucial body, having failed through all of 2022 to fill an existing vacancy on the three-judge panel. Jagdmann, who joined the…
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East Coast Ocean Wind Projects Faltering
by Steve Haner In recent days several proposed offshore wind projects, which unlike Virginia’s are not guaranteed by captive ratepayers, are showing cracks in their pylons. Multinational developer Avangrid recently told Massachusetts regulators that its proposed 1.2 gigawatt Commonwealth Wind project is no longer economically viable. It seems to be seeking to renegotiate the power…
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Miyares Retreats from Wind Performance Standard
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. The big risk with Dominion Energy Virginia’s planned offshore wind extravaganza has always been that either the wind out in the Atlantic blows too little or it blows too much. Too little and the ratepayers are paying an inordinate amount…
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Good Energy Plan But It Needs to Pass
by Steve Haner First published this morning by Thomas Jefferson Institute for Public Policy. In his newly released energy plan, Governor Glenn Youngkin (R) makes it clear he sees the economic abyss created by the unrealistic and ideological green utopia demanded by his predecessor. Seeing a looming disaster and stopping it are two different things.…
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Legislators MIA on Wind Performance Standard
by Steve Haner In the ongoing debate over Dominion Energy Virginia’s proposed $10 billion offshore wind project, focus should remain on the people truly responsible for undercutting State Corporation Commission authority to protect consumers: the legislators who passed provisions in the code the utility interprets as a rubber stamp for its proposals.
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Sinking the Newest Sea Level Rise Exaggerations
by Steve Haner So, let me get this straight. If we willingly keep paying the carbon tax on our electric bills, then thousands of parcels of prime Virginia waterfront won’t slip beneath the waves? Was that the point of these parallel prophecies of doom in the September 12 Richmond Times-Dispatch and Virginia Mercury?