Minor Memos

Minor Memos

September 01, 2014 | By Keith Martin in Washington, DC

Bernstein Research said in a July 1 report that almost all regions of the United States are expected to need additional capacity over the next 10 years to maintain reserve margins over peak electricity demand that are set by the North American Electric Reliability Corporation or NERC. Bernstein estimates that around 67,000 megawatts of additional capacity will be needed. However,  the growth in rooftop solar could cut significantly into the need. Bernstein said that if rooftop solar keeps growing at the current rate, then it would displace the need for all but about 25,000 megawatts of additional capacity. There are currently roughly 24,000 megawatts of additional nuclear and gas generation under construction . . . . Total US wind capacity was just under 62,000 megawatts at the end of June. Wind developers added 619 megawatts of new capacity in the second quarter of 2014, nearly three times the first quarter number. Total US solar capacity was a little under 7,500 megawatts through the end of May . . . . The US House of Representatives voted in July to cut the IRS budget by $1.4 billion, or 13%, for the next fiscal year that starts in October. This is on top of a $526 million budget cut in 2014. The House also voted to bar IRS employees from attending conferences.