- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- The World's Biggest Debtor Nations
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Euro zone officials: China yuan should strengthen
- Bernanke makes case for strong Fed role on banks
- Leaders say momentum building on climate change
- For stars, high-tech gaffes hard to hide
- Text-a-Tip programs allow tipsters to help police
- Police: Blaze in NY Walmart's Xmas-tree section
- Police tap into ‘text-a-tip’ programs
- Is Dubai Abu Dhabi's case of too big to fail?
- GM says production at Ohio plant to end Jan. 29
CHICAGO - A nagging issue wound its way through the chatter at what was an otherwise celebratory event for the nation's wind industry in Chicago.
The U.S. has become the world's biggest wind-power generator and of the electricity production added in the country last year, 42 percent came from wind turbines. But as more megawatts come on line, the problem of getting power from wind-swept plains to places where people actually live becomes more urgent.
"In some ways we're reaching the glass ceiling," said Rob Gramlich, vice president of policy at the American Wind Energy Association. It was the organization's biggest annual conference to date, drawing 1,200 exhibitors and more than 20,000 people.
The country's grid is aging, often overloaded and, in the case of wide-open states like Wyoming and North Dakota — some of the best places to erect wind turbines — not nearly extensive enough to move electricity to major markets where customers wait.
The wind industry group says it needs 19,000 miles of new high-voltage lines — at a cost of about $100 billion — for wind-farm developers to keep building.
That barrier, Gramlich said, could imperil President Barrack Obama's goal for the country of generating 25 percent of its electric supply through renewable energy by 2025.
"It's hard to see how we could get beyond 5 percent of electricity from renewables without a change in transmission policy," he said.
For an industry that is expanding at such a rapid clip, that could eventually become a significant drag.
More than 50 new facilities were built last year to manufacture turbine components and the amount of power generated by wind grew by 50 percent.
"And this is of course nothing that we like, nor, I think, is it economically sensible because you do not generate power where it is most efficient," Andreas Nauen, the head of wind power for Siemens AG, one of the world's top turbine manufacturers.
On Tuesday, Siemens said it was building a wind turbine plant in Kansas where it would employ 400 workers. The 30,000-square foot facility will begin production next year.
But building power lines is more difficult. It can take five years or more, most of it spent figuring out sticky issues of finance and location.
There are usually dozens of parties involved — the power producers and buyers, and the states, local governments and landowners who all want a say in where a power line sits.
The wind industry wants the Federal Regulatory Commission to have the final say on power lines.
Legislation now working its way through Congress would let FERC set locations for high-priority transmission projects if state and local officials can't do it on their own.
FERC Chairman Jon Wellinghoff said, "At the end of the day, if it doesn't get done, you need somebody to say this is how we get there."
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?








