Wed, Jul 23, 2014, 11:41 AM EDT - U.S. Markets close in 4 hrs 19 mins

Recent

% | $
Click the to save as a favorite.

General Electric Company Message Board

  • bluecheese4u bluecheese4u Sep 4, 2013 7:50 PM Flag

    Interior Holds Second Competitive Lease Sale for Renewable Energy in Federal Waters

    Historic Sale for Wind Energy Development Offshore Virginia Advances President’s Climate Action Plan

    09/04/2013

    WASHINGTON, D.C. – As part of President Obama’s Climate Action Plan to create American jobs, develop domestic clean energy sources and cut carbon pollution, the Interior Department today completed the nation’s second competitive lease sale for renewable energy in federal waters, garnering $1,600,000 in high bids for 112,799 acres on the Outer Continental Shelf offshore Virginia.

    Virginia Electric and Power Company is the provisional winner of the sale, which auctioned a Wind Energy Area approximately 23.5 nautical miles off Virginia Beach that has the potential to support 2,000 megawatts of wind generation – enough energy to power more than 700,000 homes.

    The sale follows a July 31 auction of 164,750 acres offshore Rhode Island and Massachusetts for wind energy development that was provisionally won by Deepwater Wind New England, LLC, generating $3.8 million in high bids.

    “This year’s second offshore wind lease sale is another major milestone in the President’s all-of-the-above energy strategy and demonstrates continued momentum behind a robust renewable energy portfolio that will help to keep our nation competitive and expand domestic energy production while cutting carbon pollution,” said Secretary of the Interior Sally Jewell. “Today’s sale is the result of a great deal of collaboration and planning with the Commonwealth of Virginia, which has been a leader in advancing offshore renewable energy for the Atlantic coast and an enthusiastic partner in this effort.”

    “Today’s renewable energy lease sale offshore Virginia is another significant step forward in the President’s call for action to address climate change and the Administration’s all-of-the-above energy strategy,” said Bureau of Ocean Energy Management (BOEM) Director Tommy Beaudreau. “I congratulate Virginia Electric and Power Company and we look forward to overseeing their develo

 
GE
26.061+0.041(+0.16%)11:41 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.