- China Hires Foreigners to Manage Forex Reserves
- Bank of Japan Offers Liquidity at Emergency Meeting
- Cutting Jobless Will Take Time: White House's Summers
- GE, Vivendi Agree to Value NBCU Stake at $5.8 Billion
- Manufacturing in Focus as Bulls Call for Turn in Dollar
- Arrest Imminent in Florida Ponzi Case: Report
- Cramer: Dubai Can’t Sink These 6 Dividend Stocks
- White House to Crank Up Pressure on Mortgage Industry
- Treasury Threatens Banks, Not Borrowers
- Treasury Threatens Banks, Not Borrowers
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Nov. 30: Unusual Volume Leaders
- Why Careful Shoppers Are Great for the Box Office
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Best Online Retailers to Buy Now: Internet Analyst
- ESPN The Magazine’s Body Issue: A Financial Success
- Cyber Monday: The Last Vestige of Dotcom Hype
- Woods' crash hampers wealthy neighbors' privacy
- Glaxo takes 19 percent stake in Aspen
- Singapore DBS says potential Dubai loss manageable
- Dubai debt plan fails to soothe Gulf’s markets
- German high court: No Sunday shopping
- Swiss fine drug firms $5.7M for price-fixing
- Environmentalists urge 40 pct EU emissions cut
- Mont. historians seek to recognize 100-year farms
- Marchionne to outline Italian restructuring
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."
- Ever wished your cab driver would stop chatting and just get to where you're going? Well, that moment is closer than ever.
- UPS is giving its customers the option to offset its carbon emissions when sending a package.
- Romania's presidential campaign has been rocked by a video that may show the president striking a 10-year-old boy.
- Raising alligators is hard work, and the fickle taste of rich consumers has just made it much harder, says the NY Times.
- A recent issue of ESPN Magazine was one of its top sellers ever, and it only took scantily clad athletes to make it happen.
- The continued real estate boom in China is partially fueled by a generational flood of newlyweds.








