On July 8th, 2008, hedge fund manager T. Boone Pickens announced his intention to develop a large wind farm in his home state of Texas, but a year later Pickens decided against doing so. Troubled credit markets, along with falling natural gas prices, have eliminated or stalled many renewable-energy projects. The 1973 OPEC oil embargo gave impetus to federal and state policies to spur development of indigenous energy sources, including non-hydro renewable ones.
There are now 850 electric utilities − nearly a quarter of all the utilities − offering green-pricing programs in the United States. These programs allow the utilities’ customers to voluntarily pay a premium rate for the green product − electricity generated from renewable-energy.
This report by Lee Emery, Fishery Biologist for the Federal Energy Regulatory Commission, is the result of an analysis conducted of all dam removals and dam removal proposals for FERC-licensed projects. The report focuses on a case study of the Sturgeon River Project (P-2471), which has been removed since this study was written.