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Thursday, April 10, 2025

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Dow explodes almost 3,000 points higher, S&P 500 has best day since 2008 as Trump pauses most reciprocal tariffs; Groups oppose Medicaid cuts that would threaten coverage for 3 million PA residents; ME high school students advance local climate related projects; US judges block Trump's Venezuelan deportations using a 1798 wartime law; Ratepayers sound off on proposed sale of Minnesota Power.

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President Donald Trump pauses tariffs for 90 days, as Republicans question his trade policy. And a new federal executive order incentivizes coal for energy use but poses risks to public lands.

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Rural Dems want the DNC to bring working class voters back into the fold, kids in Maine are losing a federal program that supplies local food to schools, and Trump's tariffs sow doubt and stress for America's farmers.

Another hike looms for Iowa's already rising electricity prices

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Thursday, April 3, 2025   

Iowa is the nation's leader in wind energy production but one of the biggest factors in pursuing alternative energy now hangs in the balance.

More than half of Iowa's electricity comes from wind power. The Iowa Environmental Council estimates the state saves at least $500 million a year by using wind. Congress is considering repealing the technology-neutral electricity tax credit which puts incentives to use green fuel in danger.

Dan O'Brien, senior modeling analyst at the think tank Energy Innovation, said a reduction in wind power would hurt not just households but Iowa farmers, too.

"In the Midwest, over 90% of wind turbines are sited on crop land because farmers use these
renewables, as often called drought proof cash crops," O'Brien explained. "They bring in money for farmers, even outside of harvest season when it doesn't rain enough, when the cost of labor goes up."

One report said repealing the energy tax credits would increase Iowans' household energy prices by as much as 3% as soon as next year, which could translate into an average annual hike of at least $460 over a decade.

National Economic Research Associates said energy prices are already projected to rise 7% this year, the result of climate change, an overreliance on fossil fuels and rising transmission costs. O'Brien stressed anti-alternative energy legislation would send them still higher.

"If you don't have sources like solar batteries, wind on the grid that can push down electricity prices and that are supported by incentives, like the tax credits, you're going to see business costs go up," O'Brien contended.

Nationwide, overall energy costs increased 22% between 2018 and 2023. The Trump administration said it is trying to reign in federal spending.

Disclosure: Energy Innovation contributes to our fund for reporting on Climate Change/Air Quality, Energy Policy, and Waste Reduction/Recycling. If you would like to help support news in the public interest, click here.


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