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Pennsylvania Passes Renewable Portfolio Standard

On November 20, the Pennsylvania legislature passed SB1030, the Alternative Energy Bill. It requires the state to source 18% of its electricity by renewable sources by 2020. 8% of Pennsylvania's electricity must be generated by so-called "Tier I" renewable sources of energy by 2020, such as solar, wind, geothermal and biomass. It requires 10% of electricity to come from second tier sources such as waste coal, integrated combined coal gasification technology, municipal solid waste, large-scale hydro, demand-side management and distributed generation systems. According to research by Platts' Analytics group, Pennsylvania will develop 3,600 megawatts (MW) of new wind energy capacity to meet the Tier I requirements of the new standard. The new wind capacity will join 129 MW of wind capacity already generating in Pennsylvania. SB1030 requires over 250 MW of new solar capacity by 2016, and Platts anticipates that Pennsylvania will also develop smaller amounts of new landfill gas generation, animal waste- based generation, and low-impact hydro generation to meet the Tier I requirements of the standard. "With the passage of SB1030, Pennsylvania is poised to become a major developer and exporter of renewable power," said Jack Ihle, energy analyst at Platts. "Renewable portfolio standard laws in neighboring New […]

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ZAP Announces 3 for 1 Stock Split

Automotive technology pioneer ZAP (OTC Bulletin Board: ZAPZ) announced a 3 for 1 forward split of the Company's common stock today. It will be effective on or about December 13, 2004. Stockholders will be entitled to three shares of common stock for each share of common stock held on that date. The proposed stock split is subject to regulatory approval and may require the issuance of a new symbol and CUSIP number. "This forward stock split is intended to lay the groundwork for the anticipated growth of the Company," said ZAP CEO Steve Schneider. "It is also part of our ongoing efforts to improve trading liquidity, broaden ownership and enhance shareholder value." Yesterday ZAP announced the 60-MPG SMART car was granted a certificate of conformity by the U.S. Environmental Protection Agency, clearing the way for U.S. sales by ZAP. The SMART car is on display to the public for the first time at The San Francisco International Auto Show, open to consumers through November 28 at The Moscone Center in downtown San Francisco. ZAP has been a world leader in cleaner transportation technologies since 1994, delivering more than 85,000 vehicles to customers in more than 60 countries. A public company, […]

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Europe Gets New Leadership, Ratifies POPS Treaty

BRUSSELS, Belgium, November 19, 2004 (ENS) – The European Union took two big steps in the past 24 hours. The Council of Ministers and Parliamentappointed a new executive branch under a new president, and the EU stepped up efforts to get rid of the world's most toxic chemicals by ratifying the Stockholm Convention on Persistent Organic Pollutants (POPs). President Jose Manuel Durao Barroso, a former Prime Minister of Portugal, will install his new 24 member Commission on Monday. Parliament approved his lineup Thursday after President Barroso replaced three members of his original team, including an Italian conservative Catholic who was seen as too right-wing to become commissioner responsible for justice. Barroso offered his thanks on behalf of the whole Commission team for the vote of confidence. "We have a great deal of work to do, and we will now get down to it," he said. Outgoing President Romano Prodi of Italy offered his congratulations and warm wishes to his successor. Margot Wallstrom of Sweden, who has served as environment commissioner for the past five year term, will remain on the Commission as one of five vice presidents. She will also fill the role of commissioner for institutional relations and communication […]

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