Iberdrola planning large pumped-storage plant
The 850-megawatt (MW) Muela II Hydroelectric Power Plant will be added to the Cortes-Muela Hydroelectric Complex to increase pumping capacity from 555 MW to 1,110 MW and for the complex to reach a total power output of 1,260 MW.
The $304 million project began construction in March 2007 on the Jucar River in Spain.
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Senate Democrats push for passage of energy-related tax incentives
WASHINGTON - A group of 27 Democratic senators is calling for action in the Senate Finance Committee on extending energy-related tax credits and examining new tax proposals, especially those that incentivize renewable energy projects.
Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, led the group of Democrats in writing a letter Tuesday to Sen. Charles Grassley, R-Iowa, who chairs the committee.
“Despite numerous opportunities, including in the recent tax extenders package, the Finance Committee has failed to take action on the dozens of energy tax proposals pending before it,” they wrote. “It is critical that the Committee move…
