Tag Archives: clean

Let’s get behind clean power

Sunday, Feb. 25, 2018|2 a.m.

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President Donald Trump, a climate modification denier and huge fan of the coal market, wants to rescind the Clean Power Plan. He incorrectly claims it breaches state power, would cripple the nationwide economy and eliminate jobs. However, the CPP does just the opposite. It empowers states by giving them numerous carbon-cutting options to choose from, has a projected net benefit that goes into the billions, and would produce countless jobs.

The CPP represents our country’s greatest action towards a sustainable future. We need to let our federal government understand that we stand with science and care about our environment. Contact Sen. Dean Heller to let him understand you oppose the repeal of the CPP.

As Popularity of SPEED Clean-Energy Financing Increases, Lawmakers See Need for Reforms

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Home Tax-Backed Funding More Popular Than Ever in CRE, However Some in Congress See Required for Predatory Financing Defense

Alterra International is using PACE financing to help convert the old Butler Brothers Building in Dallas to a $120 million mixed-use apartment and hotel project.
Alterra International is using PACE financing to help convert the old Butler Brothers Building in Dallas to a$ 120 million mixed-use house and hotel task. Industrial property owners and designers who have discovered the versatility and affordability of Property-Assessed Clean Energy (RATE) funding have actually increased the program to its largest financing levels in the program’s eight-year history, increasing aggregate volume by 25% in the first six months of 2017 alone.

The funding innovation that lets homeowner obtain as much as 100% of the cost of adding energy-efficiency functions or renewable energy upgrades to their residential or commercial properties has actually been a benefit to industrial property owners. The program is now offered in 30 states. Last month, the Illinois Legislature extremely passed a bill licensing PACE loans for commercial, commercial and multifamily buildings.

While by all accounts the SPEED funding program has worked very well for business homeowner, the corresponding residential SPEED financing program offered in a handful of states has raised the ire of a coalition of real estate groups, consisting of the Mortgage Bankers Assn., the American Bankers Assn. and the National Assn. or Realtors.

They differed with last year’s choice by the Federal Housing Administration to guarantee home mortgages that likewise carry liens developed under the RATE energy retrofit programs. Specifically, they are concerned that delinquent RATE loan amounts will keep a first lien position under specific conditions.

” Permitting any SPEED loan amount to hold a senior priority weakens the loan provider’s (and the government’s) collateral position and disrupts the extremely nature of guaranteed loaning,” the groups composed in a letter sent to the FHA.

They also object to PACE funding’s treatment as a tax evaluation instead of as a loan, mentioning consumer defense concerns, and want PACE evaluations to require the exact same extensive disclosures and paperwork required for mortgage.

” RATE loans are not typically accompanied by federal Customer Financial Security Bureau disclosures and defenses associated with house mortgages, consisting of the brand-new Know Prior to You Owe disclosures, right of rescission defenses, or the Ability to Pay back requirements,” the groups stated in their letter.

Reports have actually emerged of unethical professionals abusing the SPEED program. Several homeowners in California and Florida have actually filed grievances claiming they were made the most of by house enhancement contractors who failed to completely disclose the impact that higher real estate tax evaluations put on their the homes of pay for the energy upgrades would have on their home loan payments.

Senior Law and Advocacy, a legal services and Medicare counseling company based in San Diego, recently released a solar panel setup ‘rip-off alert’ after it received reports of contractors reportedly entering consumers into the RATE funding program without making them fully conscious that an increased tax assessment would be put on their the homes of spend for the enhancements.

” We have actually received problems that senior people with dementia, or who were on medication, were participated in electronic PACE loan contracts they never saw, on terms they did not comprehend,” the advocacy group reported.

SPEED programs for property houses are currently only available in California and two other states, although they account for a bulk of SPEED securitizations and are expected to emerge in other states in the coming years.

Challengers of the program have seized on the reports of predatory-lending and encouraged their agents in Congress to introduce legislation requiring SPEED financing programs to be reclassified as mortgage loans, requiring them to follow the same rules and disclosures as banks and mortgage lenders under the Federal Fact in Financing Act.

In April, Sens. Tom Cotton, R-Ark.; Marco Rubio, R-Florida; and John Boozman, R-Ark.; and in your home of Representatives by Reps. Brad Sherman, D-Calif.; and Ed Royce, R-Calif.
introduced companion costs in both houses that would bring RATE loans under the Truth in Financing Act. Sherman noted the expense would ensure that SPEED lenders go through the “same fundamental disclosure requirements that use to traditional loan providers, consisting of supplying to consumers the annual percentage rate, a schedule of payments, and the total cost of a loan.Will Reforms Scuttle Program?

While advocates for the PACE program concur that enhanced disclosure agreements and customer defense steps are required for the property programs, they hope the proposed legislation does not lead to ‘throwing the infant out with the bath water’ by including substantial disclosure requirements – and related costs– much like mortgage that could scuttle the successful energy-efficiency funding choice for business homeowner.

PACENation, a PACE market advocacy group, called the expenses “a thinly disguised effort to eliminate SPEED by subjecting it to extraneous federal policies.” The group accused the proposed legislature as “being owned by banking interests that only see RATE as competitors for market share.”

Brian Grow, a managing director for the Morningstar Credit Rankings, recently issued a report noting numerous typical misperceptions concerning the PACE program. In specific, the report worried the difference between a PACE assessment, which is structured as an asset-based commitment, not as a loan, and stated PACE assessments ought to go through various credit analysis. Specifically the report stated lien-to-value ratios, more than a borrower’s credit history, provides a better risk sign.

Another key distinction is that a PACE assessment remains attached to the residential or commercial property, not to the property owner. Likewise, a RATE home assessment is typically little in proportion to the home loan, and the enhancements that PACE finances typically boost the residential or commercial property’s value while adding to cost savings.Commercial Activity

Continues Apace Regardless of the recent debate, a growing variety of homeowner continue to take advantage of SPEED assessment programs to fund energy-conservation efforts in their properties. In the largest commercial job to this day financed through PACE, Seton Medical Center in the Bay Area community of Daly City, CA, acquired $40 million for a mandated earthquake retrofit upgrade. The seismic upgrade loan for Seton Medical Center operator Verity Health Systems is 4 times bigger than the previous record RATE loan of$ 10 million for a single project and represents a major step forward for CRE’s usage under the program. All told, business PACE evaluations have actually increased its aggregate

overall by more than$ 100 million in the first half of 2017 alone.Click to Expand. Story Continues Below In another current example, Dallas-based law firm of Munsch Hardt Kopf & Harr,

P.C., organized the funding which will allow Alterra to develop out energy-efficiency and water decrease systems at the nine-story, 107-year-old Butler Brothers structure at 500 S. Ervay being redeveloped into 238 apartments; a 270-room, dual-branded Fairfield Inn/Town House Suites by Marriott; retail; and a little office complex.” RATE financing sets extremely well with historic structures that are typically inefficient and need additional capital in order to renovate the property to modern energy performance requirements,” stated Munsch Hardt lawyer Phill Geheb.” In my practice, I am starting to see higher interest in the usage of this program for historic and non-historic renovation projects,” added Geheb, who credits the versatility and reasonably low expense of the non-recourse SPEED home evaluations for its current rise in commercial appeal. Click to Expand. Story Continues Below

Specialized commercial RATE (C-PACE) funding is now offered in nine states and in Washington, D.C. through 26 various programs, with 12 brand-new programs in advancement in nine other states. Jobs have actually been initiated or complete on 200 structures through 18 programs with loan values ranging from $5,000 to $7 million.

While not amounting to big amounts, the size of the C-PACE loans has actually grown in the last few years considering that Hilton Worldwide protected $7 million in SPEED financing in 2013, at the time the largest industrial PACE financing, to money energy performance upgrades at its Hilton Los Angeles/Universal City residential or commercial property. Hilton stated it anticipated the restorations funded by the PACE evaluation would conserve an approximated $800,000 in energy costs and water cost savings of $28,000 annually and save more than 2.8 million gallons.

News Director Tim Trainor contributed to this report

Trio of bills could enhance Nevada'' s clean-energy economy

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Sam Morris/Las Vegas News Bureau

Rooftop photovoltaic panels are seen atop the Mandalay Bay Convention Center, Aug. 26, 2015.

Saturday, April 15, 2017|2 a.m.

Three significant clean energy bills were gone through their particular committees this week at the Nevada Legislature to get them a step more detailed to becoming law.

Assembly Bills 206 and 223 and Senate Costs 150 were passed with amendments this week before Friday’s first house passage deadline.

A report performed by ICF International and commissioned by the Natural Resources Defense Council suggests the bills might increase Nevada’s renewable energy and energy effective share, drawing up to $3.3 billion in capital investments.

That number is largely based off AB206, which would increase the renewable source to 50 percent by 2030, according to Dylan Sullivan, senior scientist at the National Resources Defense Council. The present sustainable portfolio requirement is 20 percent, and NV Energy has hit that limit each of the previous seven years.

“The HALF by 2030 eco-friendly portfolio standard is a big change from where the state is at today, and we simply wanted to have the ability to answer the question of is this going to cost cash, how much and exactly what would be a few of the advantages,” Sullivan stated.

The state’s tidy energy and energy-efficiency economy employs more than 20,000 individuals– 8,371 in solar alone– and that number would grow under the Assembly expense, supporters state.

“At that level of capital investment you would see tasks in solar task development, in project building and keep items in time,” Sullivan said. “There would likewise be more renewable resource production tasks, too.”

Including more renewable resource alternatives would likewise eliminate some of the fossil fuels imported to Nevada. The state spends $700 million annually for out-of-state natural gas for its power plants, and depends on natural gas for 73 percent of its electrical energy production, according to the research study.

Josh Molina, owner of Makers and Finders Coffee, stated it would be a huge offer for businesses of all sizes.

“Services are very excited about what this can suggest to Nevada,” Molina stated. “From large multinational corporations, to little mom-and-pop businesses, we are all eagerly anticipating the interesting potential customers that the proposed tidy energy laws can bring to our state.”

The expense would raise the state’s eco-friendly portfolio standard to HALF by 2030, with an objective of 80 percent by 2040.

The bill was approved a waiver on Wednesday, permitting it to go through Friday’s due date.

Bill sponsors said employment in the tidy energy sector would increase as Nevada fulfills need from big companies such as Google, Apple and Amazon for their centers in the state. Upping the eco-friendly portfolio standard would help the clean-energy economic expansion supported by Gov. Brian Sandoval and legislative leaders.

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Senate Bill 150 would provide a detailed structure for energy-efficiency programs used by Nevada and electrical energies. The Senate Committee and Commerce, Labor and Energy passed a changed variation of SB150 to the Senate flooring Wednesday.

The expense, sponsored by Sen. Pat Spearman, D-North Las Vegas, would offer a thorough structure for energy-efficiency programs provided by Nevada and electrical utilities. Energy efficiency is utilizing less energy to provide the exact same service– it is not energy preservation, which is decreasing or going without a service to save energy.

Although energy companies provide energy-efficient programs, lots of in low-income families aren’t able to capitalize since of the initial expense, supporters say.

The modifications consisted of:

– Removing the requirement that just the utility expense test be used to determine cost effectiveness, and requires the general public Utilities Commission to represent non-energy benefits of energy efficiency programs and plans.

– Eliminating the meaning of the utility expense test.

– Clarifying the legal findings and declarations.

– Requiring the general public Utilities Commission to set energy savings objectives for the utility, and requiring the energy to create an energy effectiveness strategy that is created to fulfill or exceed the goals set by the commission and is expense reliable. The commission will approve an energy performance strategy that achieves these objectives. Unless the commission determines the plan would not be cost reliable, it is likewise needed to authorize a strategy that offers at least 5 percent of the overall expenditures directed to energy efficiency programs for low-income consumers.

– Erasing an area concerning the payment of incentives to the utility for conference energy performance objectives.

– – –

Assembly Bill 223 would provide new and prolonged energy-efficiency procedures for small companies, senior citizens and others on repaired incomes, as well as low-income house owners and tenants.

The Assembly Subcommittee on Energy passed a modified version on AB223 Wednesday, moving it through Friday’s committee passage deadline.

The costs would provide brand-new and prolonged energy-efficiency procedures for small businesses, seniors and others on repaired incomes, in addition to low-income homeowners and renters. Improving energies’ cost-effectiveness and reducing consumption of electrical power are the bill’s goals.

Some customers could decrease their power expenses by half, inning accordance with the bill, while the equity of energy-efficiency programs will grow by particularly connecting to low-income homeowners who may not have actually been able to gain access to older energy-efficiency programs.

The expense, introduced by Assemblyman William McCurdy III, D-Las Vegas, would decrease power bills for many, freeing up household money for spending on other products.

Advocates said more clients would use NV Energy’s energy-efficiency program offerings, leading to increasing the equity of the programs and low-income families paying lower utility bills.

Energy-efficiency rewards could likewise help develop Nevada tasks in determining and making these enhancements for property owners and organisations.

Homes and organisations in Nevada can conserve approximately $3.4 billion through greater commitment to energy efficiency, inning accordance with McCurdy.

The changes revised the meaning of “expense effective” to permit the PUC to select the test it will make use of to examine an energy performance strategy or program. The amendment also defines how energy performance and preservation programs apply to property customers, instead of retail.

The change permits the PUC to accept an energy efficiency strategy including energy performance and preservation programs that are not cost reliable, if the energy plan as a whole is expense efficient.

In addition, any order issued by the PUC accepting or customizing a plan or plan modification should particularly direct a minimum of 5 percent of the total expenses to energy performance programs for low-income clients.

Pres. Obama pitches clean energy, fund-raises in Vegas

LAS VEGAS (FOX5) –

President Barack Obama showed up in Las Vegas on Monday afternoon in an effort to promote his push for clean energy.

Air Force One landed at McCarran International Airport at 4:21 p.m.

Obama spoke to Nevada Gov. Brian Sandoval, Las Vegas Mayor Carolyn Goodman and Clark County Commissioner Steve Sisolak at the base of the airplane steps. Goodman provided the president a package of info about Las Vegas’ efforts to make use of green energy.

Sandoval signed up with Obama in the motorcade bound for the Mandalay Bay Convention Center, where the president spoke at the National Clean Energy Summit.

Amongst the crucial points of his address, President Obama said on the nation’s developments in clean and renewable energy. He pointed out the nation’s leading ranking in wind power and pitched solar power’s economical values. The president stated he is dedicated to obtaining the U.S. 20 percent of its energy from renewable resources by 2030.

Following the check out, Sandoval released a statement providing, in part, gratitude to the president and understanding into pressing energy concerns in Nevada:

“I wish to thank President Obama for making the effort to see the fantastic state of Nevada and agreeing to consult with me on behalf of all Nevadans. Today we discussed a number of pressing concerns facing the mountain west including conservation, financial advancement, and renewable energy. Most significantly, we went over the crucial need for efforts to secure populations of the greater sage-grouse to properly align with ongoing development efforts, which I firmly believe is attainable through a conservation strategy based on cutting edge science, common sense finest practices and collaborative decision-making. I am hopeful that our meeting today will certainly act as a stepping stone as we continue to browse this important problem. Interacting, I’m enthusiastic that we can preclude the need to list the greater sage-grouse simply as we have actually done with the bi-state sage-grouse.”

President Obama’s remarks were preceded by introductions by Senate Minority Leader Harry Reid, MGM Resorts CEO Jim Murren and diva of The Killers, Brandon Flowers.

Later, the president went to a fundraising event in Henderson for Democratic senate candidate Catherine Cortez Masto that took place at the home of Las Vegas Sun publisher Brian Greenspun.

The president retired at a resort in Lake Las Vegas finishing up the day in the Valley.

Obama will depart from Las Vegas about 10:10 a.m. Tuesday.

Drivers are reminded that rolling traffic restrictions and closures will certainly take place along the president’s motorcade route.

Obama last saw Las Vegas in November, when he talked with a crowd at Del Sol High School and called for immigration reform.

Copyright 2015 KVVU (KVVU Broadcasting Corporation). All rights reserved.

Obama in the area for Clean Energy Summit, a high point for occasion

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L.E. Baskow

Senate Majority Leader Harry Reid welcomes the crowd back from lunch during the afternoon portion of the Clean Energy Summit at the Mandalay Bay on Thursday, September 4, 2014.

Monday, Aug. 24, 2015|2 a.m.

Click to enlarge photo

President Barack Obama speaks during a joint press conference with Ethiopian Head of state Hailemariam Desalegn, Monday, July 27, 2015, at the National Palace in Addis Ababa. Obama is the first sitting U.S. president to see Ethiopia.

President Barack Obama will certainly be with familiar business today in Las Vegas.

Clean energy lobbyists, eco-friendly financiers and green company executives will all watch him speak at Mandalay Bay for the National Clean Energy Summit.

Obama’s go to marks a peak for the summit– which has actually grown from a small meeting of the minds to a national, must-see occasion for any individual in the eco-friendly market. It is also a spotlight moment for Nevada and Harry Reid, Obama’s Senate confidant and creator of the top 8 years ago.

With the help of Reid, Nevada’s clean energy labor force and policies appear like the vision that Obama promoted on campaign tracks and throughout speeches in the previous decade.

Today, Nevada leads the nation with an energy portfolio that’s getting rid of emissions by phasing out coal and including more renewables. Its roof solar market– in spite of an ongoing battle with NV Energy– is among the fastest growing in the country. The state will certainly quickly produce Tesla batteries and may remain in the running for a new electrical automobile maker. The state has the most solar projects on public land and leads the nation in geothermal production.

When the president earlier this month announced the lasts of his strategy clean power strategy– a policy that will limit emissions by 32 percent– Nevada was already in position to close its coal-fired power plants and ahead of the curve of an emission reduction goal.

“We’re the very first generation to feel the effect of climate change,” Obama said after announcing his Clean Power Plan on Aug. 3. “We’re the last generation that can do something about it.”

The top will be filled with announcements– local companies such as Switch and Valley Electric Association will certainly make news. There will certainly also be speeches from U.S. Energy Secretary Ernest Moniz; Hillary Clinton’s campaign manager, John Podesta; Diarmuid O’Connell, vice president of business advancement at Tesla Motors; and the handling director at Panasonic Eco Solutions, Jamie Evans.

Follow protection of the summit today at LasVegasSun.com and on Twitter.

California beaches resume after goo clean-up

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AP Photo/Nick Ut

A team tidies up a beach after spheres of tar cleaned ashore in Manhattan Beach, Calif. on Thursday, May 28, 2015. Popular beaches along almost 7 miles of Los Angeles-area coastline are off-limits to browsing and swimming after rounds of tar cleaned ashore.

Friday, May 29, 2015|9:05 p.m.

MANHATTAN BEACH, Calif.– Seven miles of Southern California beach closed down for three days by an invasion of oily goo were reopened Friday evening after health officials stated the sand and water safe following a cleanup.

The stretch of L.a County coastline from Manhattan Beach to Redondo Beach was opened at 6:30 p.m. after teams gathered the last of some 40 cubic yards of oily tar spheres that began cleaning ashore Wednesday– enough to fill 3 standard garbage trucks, said A.J. Lester of the L.a County Fire Department’s Lifeguard Division.

County health authorities provided the all-clear, he said.

“We seem like it’s safe for the public to re-enter, so everybody can enjoy the weekend,” Lester stated. “All the contaminants that washed ashore were cleaned.”

“You could have a sundown surf session if you wished to today,” he added.

For several days, the only visitors to the popular beaches on Santa Monica Bay were people in gloves and white protective fits, getting specks and clumps of tar.

No new oil was spotted but the united state Coastline Guard planned to fly over the area to monitor it and crews will be readily available in case any more oil comes ashore, Lester stated.

The source of the goo remained uncertain. Samples of tar and water were gathered and will be evaluated to recognize where the material came from but that could take at least a number of days, authorities said.

There is a refinery and overseas oil tanker terminal neighboring as well as a major shipping channel in the location.

The beaches also have actually seen seepage throughout the years from natural oil deposits.

Nothing has been eliminated, consisting of recently’s oil spill that discarded countless gallons of crude along the Santa Barbara County coastline about 100 miles to the northwest. 2 beaches there stay closed.