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Thursday, July 22, 2010

Egolf and Wirth Fight to Defend Energy Programs Against Federal Bureaucratic Overreach

State Representative Brian Egolf (D-Santa Fe-47) and State Senator Peter Wirth (D-Santa Fe-25), are urging Congress to overturn a directive from the Federal Housing Finance Agency (FHFA) that threatens to undermine residential renewable energy programs. Egolf and Wirth are asking New Mexico’s delegation to Congress to join them in opposing what they are calling "a vast bureaucratic overreach into renewable energy programs and states’ rights."

In a letter addressing New Mexico’s U.S. Congressional Delegation, Rep. Egolf and Senator Wirth write, “New Mexico, like many other states, has enacted legislation designed to help homeowners finance the costs of installing solar or other sustainable energy systems. We were the authors of the two new laws, House Bill 572 and Senate Bill 647, in the 2009 session of the New Mexico Legislature. These programs have multiple benefits: homeowners can save money on utility bills and increase the value of their homes; designers and installers of sustainable energy systems gain more business; and we all benefit from a decreased dependence on fossil fuels.”

You've Got To Be Kidding Me
Earlier this month the FHFA claimed that these programs pose an unspecified threat to the financial health of the mortgage banking industry. Rep. Egolf and Senator Wirth call this an overreach in areas that are traditionally the purview of the states: property taxes and energy delivery. Both say that by throwing up barriers for Property-Assessed Clean Energy (PACE) funding, the FHFA has infringed on important areas of states’ rights to self-govern and has extinguished an opportunity to create jobs and improve the quality and health of our natural environment.

“New Mexico’s PACE programs are some of the best ways to get New Mexicans back to work, and I am extremely disappointed that Washington bureaucrats have slowed down our effort to create jobs here in New Mexico," Egolf said in a statement released today. "The carpenters, electricians, plumbers and solar installers who would get work under PACE programs can’t wait any longer. It is time for Washington to get out of the way and let us do what we think is best for our local economy.”

Representatives Antonio Lujan (D-Doña Ana-35), Mimi Stewart (D-Bernalillo-21), Antonio Maestas (D-Bernalillo-16), Gail Chasey (D-Bernalillo-18), Eleanor Chavez (D-Bernalillo-13), and Nathan Cote (D-Doña Ana, Otero-53) are joined by Senators Dede Feldman (D-Bernalillo-13), Steven Fischmann (D-Doña Anna & Sierra-37), and Jerry Ortiz y Pino (D-Bernalillo-12) in urging U.S. lawmakers to reverse the FHFA’s decision in order to save opportunities to expand renewable energy and promote local economic development.

If you'd like to join these legislators in urging our members of Congress to oppose the new FHFA directive that threatens PACE funding in New Mexico, click for contact info:

July 22, 2010 at 12:55 PM in Energy, Environment, Finance, Investments, NM Congressional Delegation, NM Legislature 2009, Regulation | Permalink

Comments

Well, our US Senate have failed to pass comprehensive energy reform. Big energy owns our government...and us.

Posted by: qofdisks | Jul 22, 2010 10:53:05 PM

And haven't we coddled the mortgage/banking industry enough, already?

Posted by: Ellen Wedum | Jul 23, 2010 3:44:02 AM

Rep. Egolf and Sen Wirth, and everybody else who supports that PACE program, need to understand that they cannot simply steal money from the senior mortgage holder of a property (typically Fannie and Freddie) - regardless of their professed intentions.

http://sites.google.com/site/erikhawkes/Home/objection-to-hb572-nm2009

Posted by: Erik Hawkes | Jul 23, 2010 7:54:30 PM

The original article above is actually a verbatim press release (opinion not fact), even though DemocracyforNewMexico does not tell you that, and no author is named. The header for the press release is presented below:

DefendingEnergyPrograms.pdf

State of New Mexico
House of Representatives
Ben Lujan, Speaker of the House
Ken Martinez, House Majority Leader
Sheryl Williams Stapleton, House Majority Whip

PRESS RELEASE
For Immediate Release Contact: Bailey Sachs 505-261-2419
July 22, 2010
Brian Egolf 505-795-4343

Egolf and Wirth Fight to Defend Energy Programs Against Federal Bureaucratic Overreach

Posted by: Erik Hawkes | Jul 24, 2010 9:39:48 AM

What's your problem, "Erik Hawkes"? I reported what was said by the legislators, noting they were saying it, and added a way to contact our members of Congress to back them on this.

Perhaps you should identify yourself. This video by you provides some insight: http://en.kendincos.net/video-drhjhnjf-analyst-hawkes-part-3-of-3.html

"Analyst Hawkes Featuring: Erik Hawkes Part 3 of 3 1. There is no bailout because there is no money. 2. Dollar is headed to zero. 3. Stock market is headed to zero. 4. Renewable energy generation will replace stocks and bonds. 5. Watch out for extraction taxes for sunlight, wind, and rain. 6. Watch out for green nazis. 7. War on Terror is either US vs. Russia and China or it is government vs people, ie a police state."

Parts 1 and 2 are also there. When someone uses the phrase "green nazis" it's pretty clear where they're coming from -- the lunatic fringe.

Posted by: barb | Jul 24, 2010 10:46:34 AM

I was the only individual to stand in opposition to HB572 back in 2009. Here is what I said then:

http://sites.google.com/site/erikhawkes/Home/objection-to-hb572-nm2009

My opinion of the program is unchanged. Hopefully, we are watching the death of PACE and attention can instead be focused on true solutions: owner of the generator owns the RECs, no taxes on sunlight, wind, or rain, and CLAM.
http://sites.google.com/site/erikhawkes/Home/matt-rogers
http://sites.google.com/site/erikhawkes/Home/ferc-will-take-your-recs
http://sites.google.com/site/erikhawkes/Home/c-l-a-m

Erik Hawkes

Posted by: Erik Hawkes | Jul 24, 2010 1:00:21 PM

You're still not telling us who you are and who pays you to spread this BS Eric.

There are good reasons why you were the only one opposing this. Most people have common sense and understand PACE is a win-win situation. You are out there in the ozone with your views.

Posted by: Sean | Jul 24, 2010 2:30:46 PM