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9.21.2010

Poll finds voters' mood on economy is grim -- for both parties

Poll finds voters' mood on economy is grim -- for both parties

'Even if I was purple' people would be frustrated: Obama AFP – Reporters watch on a TV screen US President Barack Obama, seen here on TV speaking at a town hall discussion …

By JANE SASSEEN
Yahoo! News

With the economy clearly the big issue on voters' minds, Democrats and Republicans alike are ramping up the rhetoric with only six weeks to go before critical midterm elections that will determine who controls Congress.

Yet Americans surveyed in the first of a series of ABC News/Yahoo! News polls, released early Tuesday, have a message for both sides: Many respondents — including a clear majority of independents, who have provided the critical swing votes in many recent elections — have little confidence in either party's ability to do more for the economy. 

Since Labor Day, President Barack Obama has focused intently on the economy, proposing a host of stimulus measures and warning in a series of combative speeches that a win for Republicans will mean returning to the Bush-era economic policies that the president says caused the economy to tank in the first place. (Read an ABC News story on Obama's new plan to create jobs.)

"Something that took 10 years to create is going to take a little more time to solve," Obama said at a Sept. 20 town-hall-style meeting broadcast by cable channel CNBC. Later, he said that "the most important thing we can do" to address the deficit and high unemployment is to spur growth in the economy. "What we can't do is go back to the same old things we were doing."

Republican leaders, meanwhile, continue to hammer home the message that two years of Democratic efforts to bolster the economy have failed, with little to show for the hundreds of billions of dollars spent but a soaring deficit, stagnant growth and still-sky-high joblessness.

"The American people are clamoring for a focus on jobs and righting our economy," said Senate Minority Leader Mitch McConnell (R-Ky.) in a Sept. 16 statement. "Instead, for two years the president and the majority in Congress have veered off to the far left and pursued their own liberal wish-list agenda." (Watch ABC News video profile of Mitch McConnell.)

Neither side has convinced a majority of Americans. Fully 47% of those surveyed in the ABC/Yahoo! News poll say it won't make a difference to the economy whether Democrats or Republicans are in control of Congress.

That dissatisfaction was on full display during the CNBC town hall, when Velma R. Hart described herself as "one of your middle-class Americans" took the microphone to confront the president. Saying that she is a wife, a mother, a veteran and the chief financial officer of a veterans service organization, Hart told the president: "Quite frankly, I'm exhausted. Exhausted of defending you, defending your administration, defending the man for change I voted for, and deeply disappointed with where we are right now."

The question drew a long response from the president, who ticked off a list of his administration's moves to help such families: lowered student loan costs, protections against abusive credit card and mortgage practices, expanded health insurance for children. "And so my goal here is not to try to convince you that everything's where it needs to be. It's not. That's why I ran for president. But what I am saying is that we're moving in the right direction."

Video courtesy of CNBC. For more visit CNBC.com

 

The exchange became an immediate Internet sensation, as right-of-center websites turned the questioner into a viral star.

And no matter how often Obama makes the argument, his message appears far from sinking in. The unhappiness with Washington's efforts on the economy is even more stark among independents, according to the ABC News/Yahoo! News poll. A whopping 65% of them say it won't matter one way or the other which party is running the show. 

The results of the poll, a national, random-sample survey conducted by Langer Research Associates, reflects widespread pessimism over Washington's ability to heal the economy.

The poll also may reflect a realization that the government, for all its influence and massive spending, has only limited control over the $14.6 trillion U.S. economy.

"Maybe independents have the more realistic view," says Larry Sabato, the director of the Center for Politics at the University of Virginia. "They may recognize most of what they hear from both parties as rhetoric."

Still, those numbers appear to represent a sharp shift among independents, who made up a key bloc that helped lift Obama into the presidency and helped give the Democrats some of the strongest congressional majorities in years. After independents backed George W. Bush and congressional Republicans in 2000 and 2004, the bloc's disillusionment with the Iraq war and the weakening economy led to a heavy shift into the Democratic camp. Obama won independents by 52% to 44%, says Sabato.

Many are now clearly disillusioned with the administration's performance. Only 11% of independents surveyed said they believe the economy will have a better chance of improving if the Democrats remain in charge after November. 

Unhappy as many independents are with the current regime, however, that's hardly translating into a strong belief that Republicans will do any better. Only 21% of independents think the economy has a better chance of improving if Republicans gain control of Congress.

Analysts say those trends reflect a widespread sense that neither side has succeeded at coming up with effective policies to jumpstart the economy or job growth — and that much of what's being put on the table now is just more of the same. (ABC News video interview: Why are Democrats running from the president?)

"The Republicans left office on bad terms. Then the Democrats came in, spent a trillion dollars and said, 'Trust us.' Independent voters did trust them, and two years later they're seeing few results," says Daniel Clifton, a policy analyst with investment firm Strategas Research Partners in Washington. "They are disillusioned; they don't believe anyone is going to fix the problems."

Taylor Griffin, a former economic spokesman for John McCain who is now a partner in Hamilton Place Strategies, agrees. "Right now, the polling doesn't represent a swing towards Republicans; it's more a rejection of Democratic policies. It's more 'a plague on both your houses.'"

With their majorities in the House and possibly the Senate under threat, Democrats are sharpening their efforts to highlight the contrast between the two parties. The president has argued repeatedly in recent speeches that a vote to hand control of Congress back to the Republicans will mean a return to the Bush-era economic policies.

Will it work? For all Americans' current unhappiness over the economy, 52% say they still would prefer to have Obama in charge of economic policy rather than his predecessor. Only 35% of the survey respondents said they would prefer for Bush to still be in charge.

While that's a healthy margin, Obama's numbers don't reflect strong confidence in his oversight of the economy. A host of recent polls have shown broad dissatisfaction with his overall performance on the economy. An ABC/Washington Post poll completed Sept. 2, for example, showed that just 41% of Americans approved of how he's handling things. Only when compared with Bush does he poll well. (Revisit Minnesota's "Miss Me Yet?" Bush billboard.)

Those numbers contain a warning for Obama and his party as well. The percentage of Americans wishing Bush were still in charge of the economy is considerably higher than might be expected, given that Bush's approval ratings for handling the economy were at just 22 percent in an ABC/Washington Post poll in September 2008. 

At least some Americans now appear to view Bush's economic tenure more favorably than they did two years ago — a tendency that appears far sharper among independents. Some 76% of Republicans would prefer Bush on the economy, while 90% of Democrats prefer Obama, as do 49% of independents. But 33% of independents now say they'd rather Bush were running the economic show.

Americans older than 35 are also more inclined to wish for Bush. While roughly 46% of them prefer Obama, some 38% say they would rather that Bush were in charge of economic policy again. That's a far cry from Americans ages 18 to 34, who prefer Obama over Bush on the economy by 64% to 28%.  

As a result, there's a risk in focusing too much on the backward-looking message. Efforts by Obama and other Democrats to raise the specter of the "bad old days" under Bush may be of limited and declining value in drawing voters.

Analysts and strategists say independents will be particularly difficult to win over with that message.

"Voters don't cut anyone any slack," says Griffin. "At this point, they're saying to the president: The buck stops with you." 

But Democratic strategist Robert Shrum, who ran John Kerry's 2004 presidential campaign, argues that Obama has a shot at turning the tides of the election back in Democrats' favor if he focuses far more on the specific differences between how the two parties would handle key issues such as the soon-to-expire Bush tax cuts.

"That is a big opening for Obama," he says. "The conventional wisdom is that the die is cast. But if he has a clear, simply defined message, things can move fast."

Much, of course, will depend on who actually shows up at the polls come November. At the moment, with the Republican base far more charged up than Democratic voters, most analysts believe the GOP will probably see much stronger turnout.

Independents will again play a key role, but Sabato points out another critical factor:  Though recent polls have shown that the independents who show up in November are more likely to vote Republican than Democratic, this year's group of self-identified "independents" will be a different group than those who turned up in 2008.

Turnout in November is expected to be roughly 20 percentage points lower than it was two years ago, Sabato says. Many of those who are dropping out are the "Democratically inclined" independents such as those from minority groups or younger voters.

"The independents turning up at the polls will be more conservative and more Republican-leaning in 2010," Sabato says. It isn't so much that millions of independents have swung from one party to the other over the last two years. But many of the independents who supported Obama two years ago may be so unhappy with what they've seen on the economy and elsewhere that they will simply stay home.

Jane Sasseen is the editor-in-chief of politics and opinion at Yahoo! News.



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The Illusion of a Level Playing Field


Most people expect and hope that PV will become cost-effective so that it can compete without government subsidies. They see this as the societal end game, an end to subsidies and the starting flag for the private sector to work its magic. Even PV people want this, and they will say they expect it soon, when in their hearts they may think it's unfair – who pays for all those externalities the other energy sources don't pay for?

Most traditional market-oriented people can't even see the reason why society should pay even temporary subsidies. They see subsidies as violating the level playing field ideal. No one should have any advantage over anyone else, they say.

They believe there is a level playing field, and they want to preserve it. Most people do. It seems utterly natural.

It is a remarkable fact that humans rapidly adapt to change. Soon they hardly even notice a change, as they naturally adapt, as if they had sea legs. Change a level playing field, and most people just change with it. Soon they think it's level again - when it was never level in the first place. Just tilted the way they were used to, the way they liked.

Our drive for stability seems to demand that as soon as a new way of doing things is established, much to the chagrin and pain of the previous way, it becomes "level." The King is dead; long live the King!

There are few markets where society's thumbprint is more marked than in the energy market. Put bluntly, past societal preferences and investments have defined today's energy market; and future ones will redefine it, no matter how much anyone says otherwise.

Forget the level playing field. There's no such thing. Let's look at the facts:Chernobyl Nuclear Meltdown

1.       The nuclear industry would not exist without the Price Anderson Act, which allows nuclear power plants to operate without accident liability. Without that Act, lenders would charge double today's interest rates to cover their risks, and nuclear would be uneconomical. Why do you think the first thing any President does to awaken the nuclear industry is promise it loan guarantees? Is it even necessary to add worries about terrorism and spent nuclear fuel to see how much society buries its anxieties about nuclear in extra, but hidden support?

2.       The coal industry kills people underground, kills them above ground with particulates, and is the biggest source of carbon dioxide. The people who work in the mines are being replaced by machines and explosives, and those machines and explosives remove mountain tops or strip mine the West. Coal ash is the spent fuel of coal power plants, buried under golf courses and erupting from rupturing ash ponds. Where in the price of coal are those costs?

3.       Natural gas is the great white hope of traditionalists, and our confidence in it depends on an overnight doubling of reserves created for a desperate audience by calling shale gas safe and clean. Even without shale gas, pipeline leaks and explosions in Michigan and California form the backdrop to drilling platform explosions in the Gulf. Natural gas is not a dependable solution, even if we wish otherwise. But it has a tremendous hidden subsidy - if its price goes up, the Public Utility Commission will automatically pass it along to you. Do you know this? Do you consider it a subsidy? Has it melted into the woodwork, along with all the other weirdness we call a level playing field?

4.      Three dollar a gallon gasoline may be something Joe six pack has gotten used to, but it's equivalent to 36 ¢/kWh electricity in terms of energy content for moving a car. PV and wind are half that price, if only we had the cheap batteries to go with them. Persian Gulf blackmail and Gulf of Mexico explosions top off the list of offenses of this essential component of today's level playing field.

Society has made choices and continues to make choices that favor traditional energy sources. When we have a series of accidents in the Gulf, our Southern politicians call for more drilling not more safety. Long ago, they were co-opted by the tilt of that playing field, necessitating they ignore accidents and environmental degradation. The same is true of Appalachian politicians. This is the power of the tilted level playing field in action, and we hardly notice it. We think it's "normal and rational."

What will happen to the level playing field? As alternatives like PV, CSP, and wind become more and more convincing and familiar, the level playing field will shift again and deprive the traditional fuels of their favors. Instead, the favors will become foundations for solar, wind, and electric transport. That will become the new level playing field, and no one will call it otherwise.

Those being marginalized will complain, but their voices will fade. The rest of us will either enjoy the change or look the other way, if we even notice it. When the transition is over, we won't even remember the process. We'll say solar, wind and electric transport became cost effective.

It isn't fair or right to expect PV to become cost-effective without any societal help. But, shhhhh…we don't need to say anything about it. Soon, once society likes PV enough, it will help it in such a way that no one notices anymore, like it does now for coal, nuclear, oil, and gas.

Ken Zweibel



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Clean-Energy Rebirth Parallels the Internet


Published: September 20, 2010

Most of us vividly remember the rise and fall of the Internet. In the late 1990s, Netscape and Amazon went public and saw their initial public offering stock prices rise to unimaginable levels. Dozens of newly created Internet companies soon followed Netscape and Amazon and went from start-ups to multi-billion-dollar market-cap public companies in a matter of months.

Everything seemed possible. Large Fortune 500 companies rushed to develop an online capability for fear of being overrun by upstarts. College dropouts became multi-millionaires almost overnight. A new era of growth was upon us. The business cycle was a thing of the past. The price/earnings multiple—which had been a traditional means for valuing public companies— was no longer used to value companies because Internet companies going public did not have earnings. Indeed many had no revenue at all. New valuation metrics such as "clicks and eyeballs" were devised.

We all know what happened. The Internet bubble burst, companies worth billions went to zero almost overnight, and the Internet became a "four letter" word.

But something else also happened. During the darkest days of the Internet bust, a rebirth was occurring away from the glare of the media and popular press. New companies such as Google were being formed and new business models based on sound economic principles were being created. Today the Internet is everywhere and is a core part of our lives. Many start-ups such as Google, Amazon, and Yahoo have become household names and all of the Fortune 500 companies such as GE, Wal-Mart and others have used the Internet to grow and transform their businesses.

Sound familiar?  It should. The clean-energy industry is going through the same boom, bust, and rebirth.

Do you remember the excitement after the 2008 Presidential election? Everything seemed possible: carbon-cap legislation; new companies and a new industry being created; the public wanting environmentally friendly products; young people clamoring for jobs in the sector; and venture capitalists rushing to make investments in clean-energy companies. Until it all came apart. The economy had its worst downturn since the Great Depression. Investors pulled back and clean-energy companies did not have the capital to survive. The lack of progress in Copenhagen and the realization that carbon legislation would not occur any time soon was the last nail in the coffin for many people. 

However, much like the Internet went through its rebirth during its darkest days, the clean-energy sector is also going through a dramatic rebirth when all appears bleak. The rebirth of the sector is not being driven primarily by government policy. Nor is it being driven by consumers. It is, in fact, primarily being driven by Corporate America. Big business has not necessarily become "green" or more "socially conscious." Rather, Corporate America has figured out how to make money from clean energy and clean technology. And that is what will make clean energy a sustainable, stand-alone industry that does not rely on government support forever. Like the Internet sector, the clean-energy sector is finding business models that work. And Corporate America is leading the way. Combine that with the fact that clean energy is one of the few potential growth sectors in a growth-challenged economy, and you have the rebirth of an industry. It's everywhere, but not always in the press or evident on the surface.

Some examples include:

  • Wal-Mart has taken the lead in "greening" not only their operation but those of their suppliers.  Among their goals:
    • To be supplied 100 percent by renewable energy
    • To create zero waste
    • To sell products that sustain people and the environment
  • Boeing is leading an industry effort to develop alternative sustainable jet fuels
  • Shell Oil invested in Prometheus Energy, a start-up that takes stranded methane gas in landfills and coal mines and converts it into liquid natural gas
  • Areva, a leading French company, focused on development of nuclear energy, recently purchased the U.S. solar company Ausra as the lynchpin of their effort to enter the solar industry
  • ABB, a Swiss-based leader in power and automation technologies recently purchased U.S. smart-grid company Ventyx for $1 billion

The list goes on and on. Virtually every Fortune 500 company either (1) has in initiative around sustainability/clean energy, (2) is making investments in companies that can help them achieve their corporate goals, or (3) is buying companies to help them achieve their goals.

The unprecedented investment in this sector by Corporate America will also stimulate the wider clean-energy ecosystem. They will buy products, services, and enter into power purchase agreements with companies supplying clean energy and other carbon-neutral products and services thus creating a virtuous cycle and giving young companies a market in which to sell their products.

I firmly believe that we will look back in five to10 years and remember this period as the time when the Googles and Amazons of clean energy were created and an industry was reborn. Much like the Internet today is an integral, commonly accepted part of our lives that we don't think much about, clean energy in five to 10 years will have reached the same all-encompassing, ubiquitous status.

Michael Butler is Chairman and CEO of Cascadia Capital, an investment bank based in Seattle, Washington. 

The information and views expressed in this article are those of the author and not necessarily those of RenewableEnergyWorld.com or the companies that advertise on its Web site and other publications.



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Interactive Report: Renewable Energy in America

Interactive Report: Renewable Energy in America

Markets, Economic Development and Policy in the 50 States

Renewable Energy in America is intended to provide decision-makers an executive summary on the status of renewable energy implementation at the state-level. The report provides a two-page, high-level overview on the key developments that have shaped the renewable energy landscape in each state, including information on installed and planned capacity, markets, economic development, resource potential and policy.

The report is a "living" document that will continue to evolve with updates and periodic revision. It is ACORE's intention to update each state profile quarterly.

View the full PDF report (updated August 2010)

To view an individual state report, click on the desired state below:

WashingtonOregonCaliforniaNevadaIdahoArizonaUtahMontanaWyomingColoradoNew MexicoNorth DakotaSouth DakotaTexasOklahomaNebraskaKansasMinnesotaIowaMissouriArkansasLouisianaMississippiAlabamaFloridaGeorgiaSouth CarolinaTennesseeNorth CarolinaKentuckyVirginiaMarylandIllinoisWisconsinIndianaWest VirginiaOhioDelawareNew JerseyPennsylvaniaRhode IslandNew YorkConnecticutMassachusettsVermontNew HampshireMaineMichiganHawaiiAlaskaAmerican SamoaNorthern Mariana IslandsGuamU.S. Virgin IslandsPuerto RicoVermontNew HampshireMassachusettsRhode IslandConnecticutNew JerseyDelawareMarylandSend questions and comments to Lesley Hunter at hunter@acore.org

 

Evergreen Power Corp.



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Who's Killing the PACE Program? SunRun Tried

Mike Stark

Posted: September 20, 2010 01:06 PM

The PACE (Property Assessed Clean Energy) program is simple and brilliant: Cities borrow money using their credit and then make that money available to homeowners who, in turn, use it to install solar systems and other green technologies. The money given to homeowners is paid back by special assessments on their property taxes.
By all accounts, the PACE program is remarkably successful: It's been adopted by 23 states and the District of Columbia. It creates jobs, lowers utility bills for homeowners, cuts pollution and easily transfers to new homeowners when homes change hands.
It also holds promise for enabling the rapid scaling of home solar panel installation across America, which lags far behind Germany, the world's solar leader, despite the fact that Germany has the sunshine equivalent of Alaska. PACE could make an enormous contribution to cleaning up America's energy supply. And that created some enemies for the PACE program.
Utility companies saw a future hit to their bottom lines; so did the coal industry, which supplies 50 percent of fuel we now use in this country. Their reaction? Sic their lobbyists on any politician that'd take their dirty money and help them tank the PACE program.
The issue came to a head this year when the country's biggest lenders decided to change their rules in the middle of the game. To the extreme surprise and dismay of the environmental and solar energy communities, Fannie Mae and Freddie Mac, ostensibly private corporations, but nonetheless two of the largest recipients of government (taxpayer) largesse, decided that homeowner participants in the PACE program were in default on their mortgages (as if Fannie and Freddie needed even more foreclosures on their hands). Moreover, so long as existing PACE liens persist, Fannie and Freddie will not allow homeowners to refinance their mortgages. The legal terrain is murky, but the nut of the argument is that because the PACE liens assume a higher priority than mortgage notes, Fannie and Freddie are unjustifiably put at risk and must take steps to protect themselves.
After Fannie and Freddie changed their rules, Congress and the White House got involved. Several rounds of negotiation followed. According to Cliff Staton, a Vice President at Renewable Funding, Fannie and Freddie were ultimately offered a full government guarantee against any loss whatsoever from PACE liens.
Fannie and Freddie declined; they broke off negotiations and walked away from the table.
Nobody knows why. After all, Fannie and Freddie were in a pretty strong position. They could have taken the deal and claimed its precedential value: thereafter, any superior liens would require the full faith and credit of the United States for Fannie and Freddie to accept them. That would have been a huge win for them. Instead, they picked up their ball and went home without another word.
Given how important the PACE program is to the fate of America's clean energy future, it seems important to identify who specifically is responsible PACE's imperiled state. As the first step toward that endeavor (more investigations and reports are in the pipeline), I pursued a tip I received from a long-time environmentalist that the utility and coal lobbies had received cover from a solar finance company, SunRun, described by an industry source as a "rogue" player in the otherwise tightly knit solar industry.
SunRun has pioneered solar financing that competes with PACE's lower-cost model. If a homeowner can get money from their local community, they do not need a for-profit enterprise like SunRun to finance their solar installations.
After Fannie and Freddie stopped negotiating, Congressman Mike Thompson (D-CA) decided to resolve the problem with a legislative fix. He and 48 co-sponsors introduced a bill that, if passed, ensures that homeowners with mortgages held by Fannie and Freddie will be able to participate in PACE without having to worry about losing their homes or their ability to refinance.
That's where it seems SunRun got involved. From SunRun's perspective as a for-profit finance company for solar equipment, PACE is a competitive threat. SunRun must have been smiling the grin of a Cheshire cat when Fannie and Freddie ended negotiations, effectively neutering the PACE program. Rep. Thompson's amendment had to have hit them like a bucket of cold water. Suddenly, a threat they thought had been removed re-emerged. If the Thompson's bill passes without amendment, SunRun will be forced to compete with PACE again.
According to an email circulating in solar circles that was sent by Adam Browning, the founder of The Vote Solar Initiative, SunRun attempted to hobble Thompson's efforts to save PACE. At its core, amendment language SunRun authored would delay the effect of Thompson's bill until SunRun's business model is accommodated in each respective state. Browning, a widely respected and long-time solar advocate, points out that state legislatures and local governments are not known for acting quickly. According to Browning, the best-case scenario under the SunRun amendment is that the Thompson fix will be long delayed. The worst-case scenario will see homeowners permanently denied relief because their local governments simply will not move the necessary legislation at all.
SunRun has to know this. Their legal and government affairs team is led by Holly Gordon, a former Stanford University law professor. At a recent solar energy conference, I asked Ms. Gordon if SunRun has been working to undermine PACE. Suffice to say she didn't appreciate the question:
SunRun's management team could, like many solar companies, see it as in their interest to promote to shared interest of the solar industry. Instead they are said to be acting to subvert that shared interest in order to benefit themselves in the short run. Eliminating or weakening the competition -- in this case PACE -- is just business.
As the solar industry matures it will become critical for the solar industry to maintain one of its strongest assets: its relatively tight cohesion and shared mission to keep solar's scaling potential strong.
The solar community remains small, but it is growing rapidly. As it grows, those in it for all the right reasons should spend some time thinking about how they are going to keep rogue actors from undercutting the industry.
For now, sunlight (of a different sort) and public shame may be the best medicine.
UPDATE: As this story goes to press, I note that Eric Wesoff at GreenTechMedia has a response from SunRun. The key graf:
"SunRun supports consumer choice and knows including third-party owners in PACE can reduce loan and lien amounts by more than 30 percent for the same solar facility, while providing reduced risk and greater customer service for homeowners. Nevertheless, we will withdraw this proposed amendment because industry infighting over the proper PACE strategy has become a distraction to operating our business and delivering on our mission."
One can speculate that SunRun's response may have had something to do with the video included in this post, but since the email exchange is undated, nothing should be assumed. When I reached Edward Fenster, SunRun's CEO, just a few minutes ago, he declined substantive comment, saying he did not have time to speak right then. He directed me to what I'm guessing is his PR department, but I had called at noon, and I wouldn't be surprised if the person I reached was at lunch. At any rate, I will update this post again with any response from SunRun.
In the meantime, I contacted an industry insider who spoke on background because of business considerations. According to this person, the damage done by SunRun is toothpaste that cannot be put back in the tube. He welcomes the fact that they are withdrawing the amendment, but laments that PACE is already hobbled. Intentionally or not, this person says, SunRun's advocacy aligned perfectly with that of the utility and coal industry and amounted to SunRun running interference on their behalf. That cannot be taken back. The insider concludes, "The thought that a solar company would undermine the PACE program is very disturbing."
Follow Mike Stark on Twitter: www.twitter.com/mike_stark


Additional Information from Sun Run:




---------- Forwarded message ----------
From: "Adam Browning"
Date: Sep 21, 7:33 pm
Subject: FW: SunRun update
To: PACE Discussion


Friends-

With the hopes of putting unpleasantness behind us and productivity ahead of
us, I forward the following by request from SunRun.  While I am happy to be
a conduit for this information, I think it is important to note that I do
not agree with all of their assertions in several areas (namely the impact
of their amendment, their presumptions about the value that a solar system
provides under mechanisms other than a PPA, and a couple of other things
that we are all too sick of arguing over).  With that, let's just say that
we hope the federal issues are resolved ASAP, and hope the advocacy world
can collectively focus on policy that addresses financing in ways that
broadens opportunity and speeds delivery of fossil-fuel relief to consumers.
And leave it at that.

Onwards.  And I mean that.

AB

Adam Browning

The Vote Solar Initiative

300 Brannan Street, Suite 609

San Francisco, CA 94107

www.votesolar.org

tel: 415/817-5062

fax: 415/543-1374

From: Lynn Jurich [mailto:l...@sunrunhome.com]
Sent: Tuesday, September 21, 2010 2:32 PM
To: abrown...@votesolar.org
Cc: Holly Gordon; Edward Fenster
Subject: SunRun update

Adam,

[non-controversial but private communication redacted]

To that end, we believe it will benefit the industry to put such public
disputes to rest, and we'd appreciate if you circulate our statement in its
entirety to your distribution list and to the PACENow distribution list. We
will also be posting the statement to our website. I will follow up with a
link after it is live.

Please let me know,

Lynn

SunRun's goal is, and always has been, to create a sustainable residential
solar market.  Our approach is to mitigate investor risk by performing
exhaustive due diligence and to tirelessly identify and confront issues head
on to attract investment in building the industry. We admit we have at times
been poor politicians, but we do have a specialization in finance and work
hard to deliver a hassle-free customer experience."

"PACE was intriguing to us right away because it has the potential to offer
a low-cost way to deliver on SunRun's mission.  We realized quickly that the
prospect of inexpensive capital through property assessments was predicated
on PACE being respected as a property tax, rather than re-characterized as a
loan.  If a court determines that PACE really is a loan program, buyers of
PACE bonds will lose out when homes are foreclosed or short sold.  The
stakes are high.  Long-term success for the solar industry requires not only
designing a solution for today when lenders are unpopular, but sustaining
that solution for at least the 20-year duration of PACE bonds."

"When SunRun evaluated creating a PACE-based business line, we performed
extensive analysis of these risks. We discovered nontrivial legal, policy
and market barriers, many of which have been recognized by pro-solar
organizations.  Although some PACE proponents have chosen to make Fannie Mae
and Freddie Mac the "bad guys," other respected organizations have
recognized PACE's shortfalls.  These organizations include the Treasury
Department's Office of Controller of the Currency, San Diego's own Office of
the City Attorney, as well as progressive organizations The Center for
American Progress and The Berkeley Planet."

"Our best interpretation of the situation was that PACE's shortcomings
regarding risk, aggregate debt levels and the underlying value of retrofits
needed resolution for PACE to deliver a scalable solution.  We raised our
concerns for discussion, and they are appreciated by many constituents.
Some asked us to propose a solution ourselves.  We tried.  We proposed an
amendment to a piece of federal legislation to mitigate three key lender
risks:

1)   PACE loans are typically larger than solar equipment value,
2)   PACE loans do not always create clear savings, and
3)   Solar inverters fail in 8-12 years ,while PACE lien payments persist
15-20 years.

Just yesterday, Vote Solar wrote, "All parties agree that PACE programs
should be designed to mitigate risk to lenders."  This is what SunRun's
proposal intended to do.  Instead, it has been stated that our proposed
amendment would preclude jurisdictions like Los Angeles from using PACE
because SunRun's model is not permitted there.  This claim is incorrect.
SunRun has to date provided hundreds of leases to Los Angelinos, and done so
with the blessing of the city's municipal power company.  Also, SunRun last
week communicated to a prominent member of the PACE coalition that the
Company was not advocating for this amendment while we discussed it with
PACE stakeholders."

"SunRun supports consumer choice and knows including third-party owners in
PACE can reduce loan and lien amounts by more than 30 percent for the same
solar facility, while providing reduced risk and greater customer service
for homeowners.  Nevertheless, we will withdraw this proposed amendment
because industry infighting over the proper PACE strategy has become a
distraction to operating our business and delivering on our mission."

"Instead, SunRun will continue to work hard on improving solar policies,
especially the foundational ones that lead to a sustainable solar market,
such as net metering, functional and sufficient rebate programs, and
renewable portfolio standards. This is the work on which all solar advocates
should be focused as these elements are prerequisites to achieving
successful financing options, PACE or otherwise."

"Our goal is to deploy solar and create a sustainable market that can grow
to serve everyone who wants clean energy.  Just this quarter, a report
analyzing the impact of the California Solar Initiative for the California
Public Utilities Commission concluded, 'The growth in third-party ownership
implies that third-party financing may have resolved financial barriers of
the high initial cost to expanded growth of PV into the residential market.'

In the past year, SunRun has entered 4 new states and helped over 4,500
homeowners obtain solar.  SunRun supports 25 local solar installers and over
2,500 jobs by providing financing for their customers.  We've already
committed $225 million to building solar systems, leading the transition for
homeowners from fossil fuels to clean energy.  Just ask one of our
customers, who recently wrote, 'SunRun is a company doing good. It deserves
to do well, too, and, by all indications, it is doing well. It has enabled
my small environmental contribution, and is somehow managing to make money
for both of us while doing so. I firmly believe that leasing is the way
solar should be done, and that a few years down the road SunRun will be
recognized as a trailblazer in an established industry.'"

Lynn Jurich| President


--
Scott's Contracting
scottscontracting@gmail.com
http://www.stlouisrenewableenergy.blogspot.com
http://www.stlouisrenewableenergy.com
scotty@stlouisrenewableenergy.com

9.20.2010

MO 3rd Congressional District Vote Stats Sept 20,2010

September 20, 2010

In this MegaVote for Missouri's 3rd Congressional District:

Recent Congressional Votes

  • Senate: Confirmation of Jane Branstetter Stranch, of Tennessee, to be US Circuit Judge for the Sixth Circuit
  • Senate: Small Business Jobs and Credit Act of 2010
  • House: Rural Energy Savings Program Act

Upcoming Congressional Bills

  • Senate: National Defense Authorization Act for Fiscal Year 2011
  • House: Small Business Jobs and Credit Act of 2010

Recent Senate Votes
Confirmation of Jane Branstetter Stranch, of Tennessee, to be US Circuit Judge for the Sixth Circuit - Vote Confirmed (71-21, 8 Not Voting)

The Senate voted to confirm the nomination of Jane Branstetter Stranch, a Nashville attorney, to the federal bench.

Sen. Christopher Bond voted NO......send e-mail or see bio
Sen. Claire McCaskill voted YES......send e-mail or see bio


Small Business Jobs and Credit Act of 2010 - Vote Passed (61-38, 1 Not Voting)

The Senate passed a bill that would provide for a variety of small-business tax provisions, including a revival of an expired bonus depreciation provision to allow companies to write off assets more quickly. The bill now returns to the House, which is expected to agree to Senate amendments and clear the bill for the President's signature.

Sen. Christopher Bond voted NO......send e-mail or see bio
Sen. Claire McCaskill voted YES......send e-mail or see bio


Recent House Votes
Rural Energy Savings Program Act - Vote Passed (240-172, 20 Not Voting)

The House passed a bill that would authorize $5 billion over five years to create two energy efficiency loan programs. The bill now goes to the Senate.

Rep. Russ Carnahan voted YES......send e-mail or see bio


Upcoming Votes
National Defense Authorization Act for Fiscal Year 2011 - S.3454

The Senate is scheduled to resume consideration of a motion to invoke cloture on the motion to proceed to a bill authorizing $726 billion for defense programs in fiscal year 2011.



Small Business Jobs and Credit Act of 2010 - H.R.5297

The House is scheduled to consider a bill that would provide for a variety of small-business tax provisions.


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Scott's Contracting
scottscontracting@gmail.com
http://www.stlouisrenewableenergy.blogspot.com
http://www.stlouisrenewableenergy.com
scotty@stlouisrenewableenergy.com

IEA Wind Energy 2009 Annual Report Now Available

Subject: IEA Wind Energy 2009 Annual Report Now Available for Download

IEA Wind Energy 2009 Annual Report Now Available for Download
September 20, 2010

The U.S. Department of Energy has distributed the International Energy Agency's (IEA) recently published IEA Wind Energy Annual Report 2009, which is now available for free download. The report presents the latest information on domestic and international wind generation capacity, national incentive programs, progress toward national objectives, benefits to national economies, research and development results, and issues affecting turbines, market growth, and costs of projects. The Executive Summary synthesizes the information presented from IEA's member countries, cooperative research tasks, the European Commission, and the European Wind Energy Association. Read the Executive Summary[http://eere.energy.gov/images/icon_pdf.gif]<http://links.govdelivery.com:80/track?type=click&enid=bWFpbGluZ2lkPTEwMDc0NTQmbWVzc2FnZWlkPVBSRC1CVUwtMTAwNzQ1NCZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTEyNzY2MjQ5MzYmZW1haWxpZD1hbm5lQGNsZWFuZWdyb3VwLm9yZyZ1c2VyaWQ9YW5uZUBjbGVhbmVncm91cC5vcmcmZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&103&&&http://www.ieawind.org/AnnualReports_PDF/2009/ExSumm.pdf>.

Full story<http://links.govdelivery.com:80/track?type=click&enid=bWFpbGluZ2lkPTEwMDc0NTQmbWVzc2FnZWlkPVBSRC1CVUwtMTAwNzQ1NCZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTEyNzY2MjQ5MzYmZW1haWxpZD1hbm5lQGNsZWFuZWdyb3VwLm9yZyZ1c2VyaWQ9YW5uZUBjbGVhbmVncm91cC5vcmcmZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&104&&&http://apps1.eere.energy.gov/news/progress_alerts.cfm/pa_id=406>


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Scott's Contracting
scottscontracting@gmail.com
http://www.stlouisrenewableenergy.blogspot.com
http://www.stlouisrenewableenergy.com
scotty@stlouisrenewableenergy.com

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