Looks Like Another $400 Million Flushed Down the Toilet on Abound Solar

ABC - Another recipient of Energy Department loan funds has run into financial trouble. Colorado-based Abound Solar announced this week it has been forced to lay off 180 of its 400 workers as it tries to retool to produce a more efficient type of solar panel in order to keep a technological edge on Chinese manufacturers who are flooding the market with less expensive models. Abound received approval in 2010 for a $400 million government loan. "As you know the solar market has been extremely difficult for all manufacturers," said Craig Witsoe, the CEO of Abound Solar, in an interview with ABC News on Wednesday. "To continue to make the panel we make today, to have to sell it below cost, it's a tough environment to operate in." Read full story here: News New Mexico




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Amazingly, Martin Heinrich Admits That He Opposes the Keystone XL Pipeline

His own words demonstrate just how "in over his head" Martin Heinrich is as an elected official. With zero command of the pertinent facts regarding who owns and controls oil reserves around the world, or just how critical intelligent energy policy is to the U.S. economy, Heinrich simply wanders from photo op to photo op around the state parroting the talking points of fellow economic illiterates in the radical environmental movement.
Martin Heinrich
Even as gas prices skyrocket Heinrich doesn't seem to get it. Late this week he admitted to Rob Nikolewski of Capitol Report New Mexico that he was against the economic development and supply relief the Keystone XL Pipeline could bring to the U.S. “We’ve got to stop being dependent on Exxon Mobil and the big oil companies to determine the health of our economy,” Heinrich chirped.
While Exxon Mobil might be a convenient target for Heinrich and somewhat easy to demonize, if you combine the total reserves of Exxon with those of Chevron and Conoco you will find they control less than 7% of worldwide oil reserves. If Heinrich cared to become educated instead keeping domestic oil companies handy for disparagement, he would quickly discover that “Big Oil” isn’t Exxon Mobil, Chevron, or Conoco. Big Oil is Saudi Arabia, Iran, and Russia. Big Oil is OPEC and our domestic oil companies have no more control over suppies coming out of Russia, Iran, or Saudi Arabia than Martin Heinrich does.
Anyone listening to Congressman Martin Heinrich should quickly realize he either chooses to remain ignorant about energy realities or he is intentionally misleading New Mexicans. Either way he is not leadership timber. Astonishingly, in the wake of the bankruptcy of Solyndra, which cost taxpayers more than $525 million and the announcement earlier this week that yet another green energy government loan recipient, Abound Solar, will lay off half its workforce, Heinrich continues to support the idea of throwing money at these subsidy dependent alternative energy losers as a means of creating jobs in America or in New Mexico. In the meantime he opposes policies that would hold gas prices in check.
Of course Heinrich is not his party’s nominee yet. He must get past State Auditor Hector Balderas in the Democratic primary. But if Heinrich actually prevails over Balderas, the choice for New Mexico in November is a no-brainer. Whether it is Heather Wilson or Greg Sowards, New Mexicans need to send Heinrich packing before he can cast one more boneheaded vote that squanders our dwindling resources on hair-brained schemes like Solyndra and Abound Solar. Enough already of taxpayer losses, future layoffs, and politicians who cannot grasp the basic essence of economic futility.

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Gov Signs State Budget, Vetoes $2M

The Roundhouse 
Albuquerque Journal Republican Gov. Susana Martinez has signed a state budget that increases spending by 4 percent next year and provides a boost in take-home pay for educators and state workers. The governor cut almost $2 million from the budget with line-item vetoes, including $75,000 to promote “adventure tourism” in McKinley County and $50,000 for “salary adjustments” for Northern New Mexico College faculty. The budget allocates $5.6 billion for public education, colleges and government programs in the fiscal year starting July 1. That represents a $219 million increase over this year. The governor signed the bill on Friday. The budget provides nearly $50 million for higher government payments into public employee pensions next year, allowing worker contributions to drop by a similar amount, which boosts the take-home pay of workers. (Subscription required) Read More News New Mexico


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Governor Prepares to Veto Pork Proposals

KOB TV- Governor Susana Martinez is sharpening up her pork knife, threatening to use her line-item veto powers to slash some state lawmakers' pet projects in the capital outlay bill - the stuff politicians call pork. The Republican Governor says she is studying the bill, looking for "wasteful" projects, whether they are backed by Democrats or Republicans in the legislature.
"Some things the cities could do for themselves," said Martinez. "Maybe they could repair cabinets in a senior center, versus a big road project or a big dam repair, something that we're responsible for."
Exhibit A, $80,000 for musical instruments and bathrooms for a mariachi music program for at-risk kids in Roswell.
Exhibit B might be $25,000 for improvements to the rose garden at Albuquerque's Tony Hillerman Library.
Read full story here: News New Mexico
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New law clarifies NM uranium enrichment tax break

Susana Martinez
Alamogordo Daily NewsGov. Susana Martinez has signed legislation to clarify a tax break New Mexico provides for a uranium enrichment plant in southeastern New Mexico. The change in law will ensure that the plant's utility customers won't be taxed if they sell a uranium compound before it is enriched. Utilities send uranium hexafluoride to the plant near Eunice for enrichment as part of a process for producing nuclear power plant fuel. Supporters say the original tax break was worded incorrectly. The new law makes clear the gross receipts tax doesn't apply to sales of uranium hexafluoride as well as the service of enriching uranium. The governor signed the legislation on Thursday. Martinez has until next Wednesday to sign or veto measures passed by the Legislature. Read More News New Mexico

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Debt Limit Commentary

The Quote of the Decade:
"The fact that we are here today to debate raising America 's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
~ Senator Barack H. Obama, March 2006
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Heavy Hand of EPA Continues Obama Assault on Coal, Electric Bills Likely to Rise

Yesterday the U.S. Court of Appeals for the 10th Circuit in Denver denied requests by PNM and others to put on hold a new U.S. Environmental Protection Agency visibility requirement on the company’s primary power source, the San Juan Generating Station near Farmington, N.M.
The court will now consider the merits of appeals of the requirement by PNM, the N.M. Environment Department and New Mexico Gov. Susana Martinez. Those parties maintain EPA’s mandate would cost New Mexico electric ratepayers and others about $750 million or more while a New Mexico plan could meet the same federal visibility rules for $77 million, or about one-tenth of the cost.
Today’s ruling is a decision by the court not to put implementation of EPA’s plan on hold while the issue is considered by the court.
“We remain committed to resolving this issue and, ultimately, to installing the most cost-effective, new visibility controls on the San Juan power plant,” said Pat Vincent-Collawn, chairman, president and CEO of PNM parent company PNM Resources. “In the meantime, we have a strong case to make that EPA violated the Clean Air Act and its own regulations in determining the best available retrofit technology for the plant.”
Vincent-Collawn added: “Today’s decision does increase our focus on convincing EPA administrators to quickly approve the New Mexico plan and, prior to taking that action, put the EPA requirement on hold. These actions are consistent with the Clean Air Act and EPA’s regulations and will serve interests of New Mexico’s economy and its electric consumers. The EPA has full, discretionary authority to grant that stay today.”
EPA’s aggressive, five-year compliance deadline for the San Juan plant to install the agency’s chosen technology, selective catalytic reduction (SCR), requires PNM to begin preparing to install that technology now even though the court ultimately could find it unnecessary.
New Mexico has approved a plan to meet the federal visibility rules by installing a different technology, selective non-catalytic reduction (SNCR), on all units at the San Juan plant. PNM supports that plan, which would reduce San Juan's emissions of nitrogen oxides (NOx) by 20 percent annually. Combined with reductions resulting from a major environmental upgrade completed in 2009, this would represent an annual NOx reduction of 73 percent from 2006 levels.

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Postal closures concern election officials, voters

From KRQE-TV.com - (AP) - Elections officials in several states are concerned that the closing of mail-processing centers and post offices could disrupt vote-by-mail balloting this year, a potential problem that has led some members of Congress to call for a delay until after the November elections. The U.S. Postal Service recently announced that it is moving ahead with plans to close at least 223 processing centers and thousands of post offices, adding to the 153 centers and 965 post offices that have closed since 2008. The moves are part of a wide-ranging cost-cutting strategy for an agency that estimates it will lose up to $18 billion a year by 2015. Voting officials are raising a variety of concerns, depending on the circumstances in their states. Meanwhile, postal customers have security concerns about leaving ballots in their mail boxes to be picked up by postal carriers. In California and Arizona, officials say the closing of processing centers could delay the delivery of mail-in ballots beyond the deadline to have them counted. "We just have to have a moratorium through this presidential year to avoid disastrous consequences," said California Secretary of State Debra Bowen, who wrote a letter last week to the U.S. postmaster general urging a halt to the closures until after the November election. "I'm asking for a time-out." The Postal Service has said the next round of facilities won't close until August, and it would then halt the process temporarily at the end of the month to minimize disruptions ahead of the general election. Read more
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John Stossel Dinner in Alb.

John Stossel
From riograndefoundation.org- John Stossel is one of the most prominent pro-free-market media voices in the United States today. And, for one night only, he is coming to Albuquerque!  Bringing Mr. Stossel back to Albuquerque is a great opportunity for the Rio Grande Foundation and for New Mexico's free market/limited government community. A few years ago at a luncheon hosted by the Rio Grande Foundation, 350 people attended a luncheon keynoted by Stossel. This time around we are hosting a dinner gala at the Marriott Pyramid in Albuquerque on Wednesday, April 25. Dinner – which will include filet mignon and wine – will last from 6:30PM to approximately 8:00PM. Individual tickets are available for $100 per person.  More News New Mexico
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