Thu, Jul 31, 2014, 11:53 AM EDT - U.S. Markets close in 4 hrs 7 mins

Recent

% | $
Click the to save as a favorite.

Fidelity National Financial, Inc. Message Board

  • xiaohai_li xiaohai_li Jun 21, 2009 11:56 PM Flag

    news

    Continued prosperity of the West depends on strong economic growth, which in turn
    requires a secure and predictable energy supply. The recent volatility of wholesale
    natural gas prices, which have risen from under $3.00/MBTU in 20011 to more than

    2
    $14/MBTU in October of 2005 , are having a dramatic impact on natural gas and
    electricity prices facing citizens in the Western states, prompting many to look for
    alternative sources of energy to meet their needs. The solar radiation in the West is the
    most abundant of all the renewable sources and a practical energy resource of great
    economic value. Solar energy can make a major contribution to the 2015 goal of 30,000
    MW of clean energy adopted by the Western Governors’ Association in 2004. In fact,
    we project that as much as 8,000 MW of capacity could be installed with a combination
    of distributed solar electricity systems and central concentrating solar power (CSP) plants
    by 2015, and an additional 2,000 MWth of solar thermal systems could be installed in the
    same timeframe. At that point, the cost of electricity from future CSP plants should be on
    a par with that from plants burning costly natural gas, and distributed systems should
    have declined in price to the point that they should be able to produce electricity below
    retail utility rates in most parts of the West. Best of all, the fuel source for these systems
    is free. Once the systems are installed, all price volatility is removed, yielding the secure
    and predictable energy supply so critical to the region’s growth.

    Initial system expense is currently the single biggest barrier to widespread deployment of
    solar. Worldwide experience has shown, however, that these costs can be driven down
    through accelerated growth sparked by temporary economic-development policies. The
    recently enacted two-year, 30 percent federal investment tax credit is a case in point. For
    distributed solar technologies, this credit will provide short-term help to increase the
    number of systems installed throughout the states of the Western Governors' Association.
    It will have little effect on central-station solar installations not already well underway,
    however, because the two-year duration is too short relative to the time needed to develop
    projects and bring them into operation. It is imperative, therefore, that Western
    Governors use their considerable leverage in Washington to ensure that this credit is
    extended for a full 10 years. Without the assurance of this support, large central systems
    will find it difficult to attract financial backers, and manufacturers of components used in
    distributed solar systems will not have the confidence to make investments to expand
    production capacity that will ultimately drive down costs for everyone.

    This report outlines additional initiatives needed at the state and federal level to unleash
    private investment in solar. Many involve changes in policies or regulations with little or
    no budgetary impact. Where direct incentives are involved, they are designed to decline
    over the next 10 years to the point that they are no longer needed to sustain a rapidly
    expanding industry.

    The Solar Task Force offers the following set of recommendations to the Governors that,
    if enacted, will enable solar technologies to make a meaningful contribution to the 30,000
    MW of new clean, diversified energy.

    1
    http://futures.tradingcharts.com/hist_NG20013.html
    2
    http://www.wtrg.com/daily/gasprice.html

    3

 
FNF
27.04+0.45(+1.69%)11:53 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.