A similar fines bill failed last year. But this year’s bill has the support of Colorado energy industry because it no longer included minimum daily fines. The state’s maximum daily drilling fines haven’t been hiked since 1955.
Once again, Texas took the honors of top wind power state with nearly 36 million megawatthours (MWh) of electricity produced annually. Iowa was second, with more than 15 million MWh, followed by California, Oklahoma, Illinois, Kansas, Minnesota, Oregon, Colorado, Washington, North Dakota, and Wyoming.
Among experts called for the forum, Colorado School of Mines petroleum geologist Steve Sonnenberg said he’ll describe the scope of the boom. An area northeast of Denver holds 3 billion to 5 billion barrels of untapped oil, according to Sonnenberg.
Here in Colorado, the public utilities commission separated the issue of net-metering rates from the Xcel Energy rate-setting process. A series of meetings to hash out the value of rooftop solar is scheduled to begin April 29. Xcel, which now pays 10.5 cents per kilowatt hour, will argue that
the rate should fall to 4.5 cents
Increased domestic growth in oil and gas production driven by the shale revolution has led to the lowest level of net energy imports in more than20 years, according to a new report from the Energy Information Administration.
“We point to academic or scientific studies that have been done that either explain why water can be lit on fire. In most cases, it’s naturally occurring. It’s been happening for a very long time. People in the areas are very aware of it, but it’s sensational, and it gets people’s attention.”