WEBVTT

00:00.333 --> 00:00.934 align:left position:10% line:89% size:80%
>> Sreenivasan: THE U.S.

00:00.934 --> 00:02.602 align:left position:10% line:89% size:80%
CURRENTLY HAS NO NATIONAL PLAN

00:02.602 --> 00:04.304 align:left position:10% line:89% size:80%
TO COMBAT CLIMATE CHANGE.

00:04.304 --> 00:05.505 align:left position:10% line:89% size:80%
SEVERAL STATES, HOWEVER, HAVE

00:05.505 --> 00:07.440 align:left position:10% line:89% size:80%
CLEAN ENERGY MANDATES OFFERING

00:07.440 --> 00:09.209 align:left position:10% line:89% size:80%
TECHNOLOGY-SPECIFIC GRANTS AND

00:09.209 --> 00:10.844 align:left position:10% line:89% size:80%
TAX CREDITS TO HELP RENEWABLE

00:10.844 --> 00:12.479 align:left position:10% line:89% size:80%
ENERGY PRODUCERS COMPETE WITH

00:12.479 --> 00:13.613 align:left position:10% line:89% size:80%
FOSSIL FUELS.

00:13.613 --> 00:15.148 align:left position:10% line:89% size:80%
AND IT APPEARS TO BE WORKING.

00:15.148 --> 00:16.616 align:left position:10% line:89% size:80%
SINCE THE YEAR 2000, THE AMOUNT

00:16.616 --> 00:17.884 align:left position:10% line:89% size:80%
OF RENEWABLE ENERGY ON OUR GRID

00:17.884 --> 00:19.786 align:left position:10% line:89% size:80%
FROM SOURCES LIKE SOLAR AND WIND

00:19.786 --> 00:21.254 align:left position:10% line:89% size:80%
HAS MORE THAN DOUBLED.

00:21.254 --> 00:23.023 align:left position:10% line:89% size:80%
BUT AFTER THIS YEAR, A TAX

00:23.023 --> 00:24.557 align:left position:10% line:89% size:80%
CREDIT SUPPORTING WIND ENERGY

00:24.557 --> 00:26.526 align:left position:10% line:89% size:80%
FOR NEARLY 30 YEARS IS PHASING

00:26.526 --> 00:27.060 align:left position:10% line:89% size:80%
OUT.

00:27.060 --> 00:27.994 align:left position:10% line:89% size:80%
NEWSHOUR WEEKEND SPECIAL

00:27.994 --> 00:29.162 align:left position:10% line:89% size:80%
CORRESPONDENT KARLA MURTHY

00:29.162 --> 00:30.663 align:left position:10% line:89% size:80%
REPORTS ON HOW THE INDUSTRY IS

00:30.663 --> 00:31.898 align:left position:10% line:89% size:80%
COPING WITH THE END OF THE

00:31.898 --> 00:32.899 align:left position:10% line:89% size:80%
INCENTIVE.

00:32.899 --> 00:34.667 align:left position:10% line:89% size:80%
IT'S PART OF OUR ONGOING SERIES

00:34.667 --> 00:35.835 align:left position:10% line:89% size:80%
"PERIL AND PROMISE: THE

00:35.835 --> 00:39.406 align:left position:10% line:89% size:80%
CHALLENGE OF CLIMATE CHANGE."

00:39.406 --> 00:40.140 align:left position:10% line:89% size:80%
>> Reporter: OFF A RURAL COUNTY

00:40.140 --> 00:41.908 align:left position:10% line:89% size:80%
ROAD IN WEST TEXAS, SEVERAL

00:41.908 --> 00:43.410 align:left position:10% line:89% size:80%
DOZEN LOCAL LANDOWNERS AND

00:43.410 --> 00:45.278 align:left position:10% line:89% size:80%
GUESTS ARE GATHERED AROUND THREE

00:45.278 --> 00:48.915 align:left position:10% line:89% size:80%
200-FOOT-LONG WIND BLADES.

00:48.915 --> 00:50.750 align:left position:10% line:89% size:80%
USING SPECIAL ACID-FREE MARKERS,

00:50.750 --> 00:52.352 align:left position:10% line:89% size:80%
ATTENDEES SIGN THE FIBERGLASS

00:52.352 --> 00:53.787 align:left position:10% line:89% size:80%
AND BALSA WOOD BLADES,

00:53.787 --> 00:55.388 align:left position:10% line:89% size:80%
CEREMONIALLY KICKING OFF WHAT

00:55.388 --> 00:56.823 align:left position:10% line:89% size:80%
WILL BE ONE OF THE LARGEST WIND

00:56.823 --> 01:00.794 align:left position:10% line:89% size:80%
FARMS IN TEXAS: AVIATOR WIND.

01:00.794 --> 01:01.995 align:left position:10% line:89% size:80%
HOLLIS FARRIS IS ONE OF THOSE

01:01.995 --> 01:02.796 align:left position:10% line:89% size:80%
LANDOWNERS.

01:02.796 --> 01:05.131 align:left position:10% line:89% size:80%
HE OWNS A 5,000-ACRE RANCH USED

01:05.131 --> 01:06.332 align:left position:10% line:89% size:80%
FOR RAISING CATTLE AND GAME

01:06.332 --> 01:07.267 align:left position:10% line:89% size:80%
HUNTS.

01:07.267 --> 01:08.334 align:left position:10% line:89% size:80%
>> WELL, I'VE ALWAYS ENJOYED THE

01:08.334 --> 01:09.035 align:left position:10% line:89% size:80%
WIND.

01:09.035 --> 01:10.870 align:left position:10% line:89% size:80%
WHERE MY HOUSE SITS, I GET WIND

01:10.870 --> 01:11.971 align:left position:10% line:89% size:80%
COMING FROM THIS DIRECTION AND

01:11.971 --> 01:13.306 align:left position:10% line:89% size:80%
THAT DIRECTION.

01:13.306 --> 01:14.641 align:left position:10% line:89% size:80%
I DIDN'T THINK IT'D EVER MAKE ME

01:14.641 --> 01:15.642 align:left position:10% line:89% size:80%
ANY MONEY.

01:15.642 --> 01:16.509 align:left position:10% line:89% size:80%
(<i>LAUGHS</i>)

01:16.509 --> 01:18.244 align:left position:10% line:89% size:80%
>> Reporter: EIGHT OF THE 191

01:18.244 --> 01:19.412 align:left position:10% line:89% size:80%
TURBINES THAT MAKE UP THE

01:19.412 --> 01:21.481 align:left position:10% line:89% size:80%
AVIATOR WIND PROJECT WILL BE ON

01:21.481 --> 01:22.982 align:left position:10% line:89% size:80%
FARRIS'’’ PROPERTY.

01:22.982 --> 01:25.185 align:left position:10% line:89% size:80%
TOGETHER, LANDOWNERS NEGOTIATED

01:25.185 --> 01:26.453 align:left position:10% line:89% size:80%
HOW MUCH THEY WOULD EARN WHEN

01:26.453 --> 01:28.354 align:left position:10% line:89% size:80%
THE TURBINES SPIN.

01:28.354 --> 01:29.622 align:left position:10% line:89% size:80%
APEX CLEAN ENERGY, WHICH IS

01:29.622 --> 01:31.024 align:left position:10% line:89% size:80%
DEVELOPING THE PROJECT,

01:31.024 --> 01:32.492 align:left position:10% line:89% size:80%
ESTIMATES THAT AVIATOR WILL

01:32.492 --> 01:35.795 align:left position:10% line:89% size:80%
GENERATE $172 MILLION FOR THE

01:35.795 --> 01:38.164 align:left position:10% line:89% size:80%
80 PARTICIPATING LANDOWNERS.

01:38.164 --> 01:39.332 align:left position:10% line:89% size:80%
FARRIS DIDN'T WANT TO DISCLOSE

01:39.332 --> 01:40.834 align:left position:10% line:89% size:80%
EXACTLY HOW MUCH HE EXPECTS TO

01:40.834 --> 01:42.302 align:left position:10% line:89% size:80%
MAKE, BUT, WITH HIS EIGHT

01:42.302 --> 01:43.937 align:left position:10% line:89% size:80%
TURBINES, HE COULD EASILY EARN

01:43.937 --> 01:45.672 align:left position:10% line:89% size:80%
SIX FIGURES A YEAR.

01:45.672 --> 01:46.739 align:left position:10% line:89% size:80%
>> THE WAY I SEE IT, YOU HAVE A

01:46.739 --> 01:48.641 align:left position:10% line:89% size:80%
BAD YEAR, THIS GIVES YOU AN

01:48.641 --> 01:49.676 align:left position:10% line:89% size:80%
INCOME TO KEEP THE RANCH

01:49.676 --> 01:50.577 align:left position:10% line:89% size:80%
RUNNING.

01:50.577 --> 01:51.644 align:left position:10% line:89% size:80%
>> Reporter: WHEN AVIATOR WIND

01:51.644 --> 01:53.179 align:left position:10% line:89% size:80%
IS COMPLETED, IT WILL PRODUCE

01:53.179 --> 01:55.815 align:left position:10% line:89% size:80%
525 MEGAWATTS OF ENERGY EACH

01:55.815 --> 01:57.684 align:left position:10% line:89% size:80%
YEAR, ENOUGH TO POWER ABOUT

01:57.684 --> 02:01.121 align:left position:10% line:89% size:80%
185,000 HOMES.

02:01.121 --> 02:02.755 align:left position:10% line:89% size:80%
MARK GOODWIN IS THE C.E.O. OF

02:02.755 --> 02:04.324 align:left position:10% line:89% size:80%
APEX CLEAN ENERGY.

02:04.324 --> 02:05.658 align:left position:10% line:89% size:80%
>> AN OLDER PROJECT FROM TEN

02:05.658 --> 02:08.294 align:left position:10% line:89% size:80%
YEARS AGO WOULD HAVE TWO OR

02:08.294 --> 02:10.263 align:left position:10% line:89% size:80%
THREE TIMES AS MANY TURBINES,

02:10.263 --> 02:12.332 align:left position:10% line:89% size:80%
AND THE COST OF THE ELECTRICITY

02:12.332 --> 02:13.933 align:left position:10% line:89% size:80%
HAS COME DOWN SIGNIFICANTLY IN

02:13.933 --> 02:14.801 align:left position:10% line:89% size:80%
THE LAST TEN YEARS.

02:14.801 --> 02:15.568 align:left position:10% line:89% size:80%
>> Reporter: SO, WAY MORE

02:15.568 --> 02:16.369 align:left position:10% line:89% size:80%
PRODUCTIVE?

02:16.369 --> 02:17.937 align:left position:10% line:89% size:80%
>> IT IS WAY MORE PRODUCTIVE,

02:17.937 --> 02:19.772 align:left position:10% line:89% size:80%
AND THE-- THE COST HAS

02:19.772 --> 02:21.508 align:left position:10% line:89% size:80%
ESSENTIALLY STAYED THE SAME OR

02:21.508 --> 02:22.709 align:left position:10% line:89% size:80%
GONE DOWN.

02:22.709 --> 02:23.510 align:left position:10% line:89% size:80%
>> Reporter: THE TURBINE BLADES

02:23.510 --> 02:25.211 align:left position:10% line:89% size:80%
BEING INSTALLED AT AVIATOR ARE

02:25.211 --> 02:27.547 align:left position:10% line:89% size:80%
NEARLY 60% BIGGER THAN ONES ON

02:27.547 --> 02:29.182 align:left position:10% line:89% size:80%
TURBINES INSTALLED LESS THAN A

02:29.182 --> 02:30.316 align:left position:10% line:89% size:80%
DECADE AGO.

02:30.316 --> 02:31.885 align:left position:10% line:89% size:80%
THIS HELPS EACH TURBINE GENERATE

02:31.885 --> 02:33.686 align:left position:10% line:89% size:80%
MORE ELECTRICITY, IN TURN

02:33.686 --> 02:34.954 align:left position:10% line:89% size:80%
DRIVING DOWN THE PRICE OF THE

02:34.954 --> 02:37.056 align:left position:10% line:89% size:80%
POWER IT CAPTURES.

02:37.056 --> 02:38.224 align:left position:10% line:89% size:80%
WIND POWER IN THE UNITED STATES

02:38.224 --> 02:40.026 align:left position:10% line:89% size:80%
HAS ALSO GOTTEN A BIG BOOST FROM

02:40.026 --> 02:41.995 align:left position:10% line:89% size:80%
A FEDERAL SUBSIDY CALLED THE

02:41.995 --> 02:43.730 align:left position:10% line:89% size:80%
PRODUCTION TAX CREDIT, OR

02:43.730 --> 02:45.465 align:left position:10% line:89% size:80%
P.T.C.

02:45.465 --> 02:47.634 align:left position:10% line:89% size:80%
FIRST PASSED IN 1992 AS PART OF

02:47.634 --> 02:49.469 align:left position:10% line:89% size:80%
THE BIPARTISAN ENERGY POLICY

02:49.469 --> 02:51.004 align:left position:10% line:89% size:80%
ACT, IT'S ONE OF SEVERAL

02:51.004 --> 02:52.672 align:left position:10% line:89% size:80%
INCENTIVES TO SUPPORT RENEWABLE

02:52.672 --> 02:54.140 align:left position:10% line:89% size:80%
ENERGY TECHNOLOGIES IN THE

02:54.140 --> 02:55.542 align:left position:10% line:89% size:80%
UNITED STATES.

02:55.542 --> 02:57.644 align:left position:10% line:89% size:80%
THE P.T.C. PROVIDES A SUBSIDY TO

02:57.644 --> 02:59.646 align:left position:10% line:89% size:80%
WIND ENERGY PRODUCERS FOR EACH

02:59.646 --> 03:01.648 align:left position:10% line:89% size:80%
KILOWATT OF ENERGY GENERATED FOR

03:01.648 --> 03:03.082 align:left position:10% line:89% size:80%
THE FIRST DECADE OF A PROJECT'S

03:03.082 --> 03:04.717 align:left position:10% line:89% size:80%
OPERATION.

03:04.717 --> 03:05.885 align:left position:10% line:89% size:80%
WHILE THE CREDIT WAS ORIGINALLY

03:05.885 --> 03:08.388 align:left position:10% line:89% size:80%
SCHEDULED TO END IN 1999, IT HAS

03:08.388 --> 03:10.256 align:left position:10% line:89% size:80%
BEEN EXTENDED BY CONGRESS 12

03:10.256 --> 03:12.158 align:left position:10% line:89% size:80%
TIMES SINCE THEN.

03:12.158 --> 03:13.993 align:left position:10% line:89% size:80%
>> THE IDEA WITH THE P.T.C. WAS

03:13.993 --> 03:15.528 align:left position:10% line:89% size:80%
TO SAY, "OKAY, WE'VE GOT THESE

03:15.528 --> 03:16.763 align:left position:10% line:89% size:80%
TECHNOLOGIES THAT DON'T SEEM TO

03:16.763 --> 03:18.364 align:left position:10% line:89% size:80%
BE DEVELOPING AS FAST AS WE WANT

03:18.364 --> 03:19.599 align:left position:10% line:89% size:80%
THEM TO, SO LET'S PUT AN

03:19.599 --> 03:20.633 align:left position:10% line:89% size:80%
INCENTIVE THERE."

03:20.633 --> 03:21.601 align:left position:10% line:89% size:80%
>> Reporter: MELISSA LOTT IS A

03:21.601 --> 03:23.303 align:left position:10% line:89% size:80%
SENIOR RESEARCH SCHOLAR AT

03:23.303 --> 03:25.171 align:left position:10% line:89% size:80%
COLUMBIA UNIVERSITY'S CENTER ON

03:25.171 --> 03:26.773 align:left position:10% line:89% size:80%
GLOBAL ENERGY POLICY.

03:26.773 --> 03:28.474 align:left position:10% line:89% size:80%
>> SO, IF YOU LOOK BACK AT 1992

03:28.474 --> 03:29.809 align:left position:10% line:89% size:80%
AND YOU LOOK AT ONSHORE WIND, WE

03:29.809 --> 03:31.377 align:left position:10% line:89% size:80%
HAD SOMEWHERE AROUND 1.5

03:31.377 --> 03:32.645 align:left position:10% line:89% size:80%
GIGAWATTS OF WIND.

03:32.645 --> 03:34.280 align:left position:10% line:89% size:80%
AND IF YOU LOOK AT IT TODAY,

03:34.280 --> 03:36.015 align:left position:10% line:89% size:80%
FAST FORWARD, WE'RE TALKING AT

03:36.015 --> 03:37.984 align:left position:10% line:89% size:80%
HAVING OVER 100 GIGAWATTS OF

03:37.984 --> 03:39.619 align:left position:10% line:89% size:80%
WIND POWER IN THE COUNTRY.

03:39.619 --> 03:40.954 align:left position:10% line:89% size:80%
AND IT'S PRODUCING 7% OF THE

03:40.954 --> 03:42.155 align:left position:10% line:89% size:80%
ELECTRICITY IN THIS COUNTRY AT

03:42.155 --> 03:42.889 align:left position:10% line:89% size:80%
THIS TIME.

03:42.889 --> 03:44.791 align:left position:10% line:89% size:80%
SINCE 2011, WE'VE SEEN THE

03:44.791 --> 03:46.259 align:left position:10% line:89% size:80%
AMOUNT OF WIND ON THE SYSTEM

03:46.259 --> 03:47.493 align:left position:10% line:89% size:80%
DOUBLE.

03:47.493 --> 03:48.828 align:left position:10% line:89% size:80%
THAT'’’S INCREDIBLE GROWTH.

03:48.828 --> 03:49.929 align:left position:10% line:89% size:80%
>> Reporter: AT THE SAME TIME,

03:49.929 --> 03:51.798 align:left position:10% line:89% size:80%
THE P.T.C. HAS ALSO HELPED PUSH

03:51.798 --> 03:53.533 align:left position:10% line:89% size:80%
DOWN THE WHOLESALE COST OF WIND

03:53.533 --> 03:55.935 align:left position:10% line:89% size:80%
ENERGY BY ABOUT 70% IN THE LAST

03:55.935 --> 03:57.136 align:left position:10% line:89% size:80%
DECADE.

03:57.136 --> 03:58.271 align:left position:10% line:89% size:80%
>> ONSHORE WIND LOOKS LIKE IT'S

03:58.271 --> 03:59.539 align:left position:10% line:89% size:80%
COMPETITIVE IN A SIGNIFICANT

03:59.539 --> 04:01.274 align:left position:10% line:89% size:80%
NUMBER OF STATES IN THE U.S.

04:01.274 --> 04:03.142 align:left position:10% line:89% size:80%
SO, IF THE IDEA BEHIND THE

04:03.142 --> 04:05.578 align:left position:10% line:89% size:80%
P.T.C. WAS TO SAY, "OKAY, WE'RE

04:05.578 --> 04:06.746 align:left position:10% line:89% size:80%
GOING TO HELP A TECHNOLOGY

04:06.746 --> 04:08.348 align:left position:10% line:89% size:80%
THAT'S NOT QUITE THERE," WELL,

04:08.348 --> 04:10.116 align:left position:10% line:89% size:80%
IN THE CASE OF WIND, MAYBE IT IS

04:10.116 --> 04:11.284 align:left position:10% line:89% size:80%
THERE NOW.

04:11.284 --> 04:12.185 align:left position:10% line:89% size:80%
>> Reporter: AND THAT'S EXACTLY

04:12.185 --> 04:13.953 align:left position:10% line:89% size:80%
WHAT LAWMAKERS HAVE DETERMINED.

04:13.953 --> 04:16.389 align:left position:10% line:89% size:80%
AFTER NEARLY 30 YEARS, CONGRESS

04:16.389 --> 04:18.591 align:left position:10% line:89% size:80%
IS PHASING OUT THE P.T.C.

04:18.591 --> 04:19.592 align:left position:10% line:89% size:80%
WIND PROJECTS NEED TO BE

04:19.592 --> 04:22.262 align:left position:10% line:89% size:80%
OPERATIONAL BY THE END OF 2020

04:22.262 --> 04:23.963 align:left position:10% line:89% size:80%
TO RECEIVE THE FULL CREDIT, WITH

04:23.963 --> 04:25.231 align:left position:10% line:89% size:80%
THE INCENTIVE COMPLETELY

04:25.231 --> 04:27.767 align:left position:10% line:89% size:80%
DISAPPEARING BY 2024.

04:27.767 --> 04:29.402 align:left position:10% line:89% size:80%
THAT MEANS PROJECTS LIKE AVIATOR

04:29.402 --> 04:31.504 align:left position:10% line:89% size:80%
ARE RACING TO BE UP AND SPINNING

04:31.504 --> 04:32.805 align:left position:10% line:89% size:80%
THIS YEAR.

04:32.805 --> 04:34.407 align:left position:10% line:89% size:80%
(<i>HORN HONKS</i>)

04:34.407 --> 04:35.742 align:left position:10% line:89% size:80%
A TURBINE CAN BE BUILT IN AS

04:35.742 --> 04:37.810 align:left position:10% line:89% size:80%
FAST AS TWO AND A HALF WEEKS;

04:37.810 --> 04:39.646 align:left position:10% line:89% size:80%
AND TO BUILD NEARLY 200 OF THEM

04:39.646 --> 04:41.547 align:left position:10% line:89% size:80%
BY THE END OF THIS YEAR REQUIRES

04:41.547 --> 04:43.016 align:left position:10% line:89% size:80%
CAREFULLY CHOREOGRAPHING THE

04:43.016 --> 04:44.651 align:left position:10% line:89% size:80%
LOCATION OF EQUIPMENT LIKE

04:44.651 --> 04:46.552 align:left position:10% line:89% size:80%
CRANES, AND A SMALL ARMY OF

04:46.552 --> 04:48.621 align:left position:10% line:89% size:80%
CONSTRUCTION WORKERS.

04:48.621 --> 04:49.889 align:left position:10% line:89% size:80%
WHILE SOME TEAMS ARE PREPARING

04:49.889 --> 04:51.858 align:left position:10% line:89% size:80%
SITES, OTHERS ARE RECEIVING AND

04:51.858 --> 04:53.359 align:left position:10% line:89% size:80%
STAGING THE MASSIVE PIECES OF

04:53.359 --> 04:55.161 align:left position:10% line:89% size:80%
INFRASTRUCTURE THAT MAKE UP EACH

04:55.161 --> 04:56.262 align:left position:10% line:89% size:80%
TURBINE.

04:56.262 --> 04:59.232 align:left position:10% line:89% size:80%
(<i>HORN HONKS</i>)

04:59.232 --> 05:00.566 align:left position:10% line:89% size:80%
GETTING THE SECTIONS OF EACH ONE

05:00.566 --> 05:03.903 align:left position:10% line:89% size:80%
HERE IS ALSO A LOGISTICAL FEAT.

05:03.903 --> 05:05.104 align:left position:10% line:89% size:80%
THE BLADES ARE SHIPPED ON

05:05.104 --> 05:06.839 align:left position:10% line:89% size:80%
EXPANDABLE TRAILERS AND ARE SO

05:06.839 --> 05:08.341 align:left position:10% line:89% size:80%
LONG THAT ACCESS ROADS BUILT FOR

05:08.341 --> 05:10.410 align:left position:10% line:89% size:80%
THE PROJECT CAN'T BE TOO STEEP

05:10.410 --> 05:11.611 align:left position:10% line:89% size:80%
OR THE BLADES COULD SCRAPE THE

05:11.611 --> 05:13.346 align:left position:10% line:89% size:80%
GROUND.

05:13.346 --> 05:14.681 align:left position:10% line:89% size:80%
BEYOND THE SCALE AND INCREASED

05:14.681 --> 05:16.249 align:left position:10% line:89% size:80%
PRODUCTIVITY OF WIND PROJECTS

05:16.249 --> 05:18.418 align:left position:10% line:89% size:80%
LIKE AVIATOR, RENEWABLE ENERGY

05:18.418 --> 05:20.386 align:left position:10% line:89% size:80%
HAS ALSO GOTTEN A BOOST FROM BIG

05:20.386 --> 05:22.422 align:left position:10% line:89% size:80%
CORPORATIONS HOPING TO ADDRESS

05:22.422 --> 05:23.890 align:left position:10% line:89% size:80%
CLIMATE CHANGE BY OFFSETTING

05:23.890 --> 05:27.060 align:left position:10% line:89% size:80%
THEIR GREENHOUSE GAS EMISSIONS.

05:27.060 --> 05:28.227 align:left position:10% line:89% size:80%
AMONG THOSE SIGNING THE BLADES

05:28.227 --> 05:29.729 align:left position:10% line:89% size:80%
AT AVIATOR WAS A TEAM FROM

05:29.729 --> 05:31.331 align:left position:10% line:89% size:80%
FACEBOOK, WHICH HAS PLEDGED TO

05:31.331 --> 05:33.333 align:left position:10% line:89% size:80%
BUY ABOUT 40% OF THE ENERGY

05:33.333 --> 05:35.034 align:left position:10% line:89% size:80%
PRODUCED HERE.

05:35.034 --> 05:36.469 align:left position:10% line:89% size:80%
URVI PAREKH IS THE HEAD OF

05:36.469 --> 05:38.571 align:left position:10% line:89% size:80%
RENEWABLE ENERGY FOR FACEBOOK.

05:38.571 --> 05:39.706 align:left position:10% line:89% size:80%
>> WE'VE SET A GOAL THAT IN

05:39.706 --> 05:41.941 align:left position:10% line:89% size:80%
2020, FACEBOOK-- 100% OF ITS

05:41.941 --> 05:43.910 align:left position:10% line:89% size:80%
OPERATIONS WILL BE SUPPORTED BY

05:43.910 --> 05:45.678 align:left position:10% line:89% size:80%
RENEWABLE ENERGY PROJECTS.

05:45.678 --> 05:46.879 align:left position:10% line:89% size:80%
AND OUR INTEREST IS IN MAKING

05:46.879 --> 05:47.880 align:left position:10% line:89% size:80%
SURE THOSE RENEWABLE ENERGY

05:47.880 --> 05:49.849 align:left position:10% line:89% size:80%
PROJECTS ARE IN THE SAME REGION

05:49.849 --> 05:51.351 align:left position:10% line:89% size:80%
OR ELECTRICAL GRID WHERE OUR

05:51.351 --> 05:52.885 align:left position:10% line:89% size:80%
CONSUMPTION HAPPENS.

05:52.885 --> 05:53.720 align:left position:10% line:89% size:80%
>> Reporter: THE POWER FACEBOOK

05:53.720 --> 05:55.221 align:left position:10% line:89% size:80%
IS BUYING FROM AVIATOR WILL

05:55.221 --> 05:57.056 align:left position:10% line:89% size:80%
OFFSET ENERGY USED BY ITS DATA

05:57.056 --> 05:59.025 align:left position:10% line:89% size:80%
CENTERS IN NEARBY FORT WORTH AND

05:59.025 --> 06:00.360 align:left position:10% line:89% size:80%
NEW MEXICO.

06:00.360 --> 06:01.427 align:left position:10% line:89% size:80%
IN THE LAST SEVEN YEARS,

06:01.427 --> 06:02.628 align:left position:10% line:89% size:80%
FACEBOOK HAS ALREADY BOUGHT

06:02.628 --> 06:04.731 align:left position:10% line:89% size:80%
ENOUGH RENEWABLE ENERGY TO POWER

06:04.731 --> 06:07.734 align:left position:10% line:89% size:80%
ABOUT 75% OF ITS OPERATIONS.

06:07.734 --> 06:09.168 align:left position:10% line:89% size:80%
DOES IT MAKE ECONOMIC SENSE TO

06:09.168 --> 06:11.237 align:left position:10% line:89% size:80%
BE PURCHASING POWER HERE FROM

06:11.237 --> 06:13.072 align:left position:10% line:89% size:80%
THE AVIATOR WIND PROJECT?

06:13.072 --> 06:14.273 align:left position:10% line:89% size:80%
>> YOU KNOW, WE LOOK AT THE

06:14.273 --> 06:15.541 align:left position:10% line:89% size:80%
AMOUNT OF MONEY IT TAKES TO RUN

06:15.541 --> 06:17.076 align:left position:10% line:89% size:80%
AN ENTIRE DATA CENTER, AND THE

06:17.076 --> 06:19.212 align:left position:10% line:89% size:80%
RENEWABLE ENERGY PIECE IS-- IS

06:19.212 --> 06:20.747 align:left position:10% line:89% size:80%
ALL-- IS BUILT IN FOR US.

06:20.747 --> 06:22.181 align:left position:10% line:89% size:80%
AND IT'S NOT THAT MANY YEARS AGO

06:22.181 --> 06:24.117 align:left position:10% line:89% size:80%
WHEN PEOPLE BELIEVE THAT

06:24.117 --> 06:25.218 align:left position:10% line:89% size:80%
RENEWABLE ENERGY WAS TOO

06:25.218 --> 06:26.486 align:left position:10% line:89% size:80%
EXPENSIVE TO USE.

06:26.486 --> 06:28.020 align:left position:10% line:89% size:80%
AND IT'S BEEN IMPRESSIVE WITH

06:28.020 --> 06:30.123 align:left position:10% line:89% size:80%
TECHNOLOGICAL ADVANCES TO SEE

06:30.123 --> 06:31.758 align:left position:10% line:89% size:80%
THE COSTS OF RENEWABLE ENERGY

06:31.758 --> 06:32.692 align:left position:10% line:89% size:80%
COMING DOWN.

06:32.692 --> 06:33.626 align:left position:10% line:89% size:80%
>> Reporter: AVIATOR'S OTHER

06:33.626 --> 06:35.595 align:left position:10% line:89% size:80%
MAJOR CUSTOMER IS McDONALD'S,

06:35.595 --> 06:37.363 align:left position:10% line:89% size:80%
WHICH IS ALSO CONTRACTING TO BUY

06:37.363 --> 06:39.432 align:left position:10% line:89% size:80%
ABOUT 40% OF THE ANNUAL ENERGY

06:39.432 --> 06:40.733 align:left position:10% line:89% size:80%
PRODUCTION HERE.

06:40.733 --> 06:42.201 align:left position:10% line:89% size:80%
IT'S THE FAST FOOD GIANT'S FIRST

06:42.201 --> 06:44.570 align:left position:10% line:89% size:80%
LARGE RENEWABLE ENERGY PURCHASE.

06:44.570 --> 06:46.038 align:left position:10% line:89% size:80%
SO, YOU HAVE SOME BIG COMPANIES

06:46.038 --> 06:47.473 align:left position:10% line:89% size:80%
THAT HAVE AGREED TO BUY A

06:47.473 --> 06:49.041 align:left position:10% line:89% size:80%
SIGNIFICANT CHUNK OF ENERGY FROM

06:49.041 --> 06:49.809 align:left position:10% line:89% size:80%
YOUR PROJECT.

06:49.809 --> 06:51.310 align:left position:10% line:89% size:80%
I MEAN, HOW IMPORTANT ARE THOSE

06:51.310 --> 06:53.279 align:left position:10% line:89% size:80%
KINDS OF AGREEMENTS TO CREATING

06:53.279 --> 06:55.281 align:left position:10% line:89% size:80%
A MARKET FOR BIG WIND PROJECTS?

06:55.281 --> 06:57.016 align:left position:10% line:89% size:80%
>> IT'S CRITICAL, AND IT IS A

06:57.016 --> 06:58.651 align:left position:10% line:89% size:80%
TERRIFIC EVOLUTION OF OUR

06:58.651 --> 07:00.686 align:left position:10% line:89% size:80%
INDUSTRY WHERE THERE ARE A LOT

07:00.686 --> 07:03.055 align:left position:10% line:89% size:80%
OF CORPORATIONS LIKE McDONALD'S

07:03.055 --> 07:05.458 align:left position:10% line:89% size:80%
AND FACEBOOK WHO UNDERSTAND THAT

07:05.458 --> 07:06.893 align:left position:10% line:89% size:80%
ONE OF THE BEST WAYS FOR THEM TO

07:06.893 --> 07:09.529 align:left position:10% line:89% size:80%
MITIGATE THEIR CARBON EMISSIONS

07:09.529 --> 07:11.431 align:left position:10% line:89% size:80%
IS FOR THEM TO PROCURE

07:11.431 --> 07:13.366 align:left position:10% line:89% size:80%
ELECTRICITY FROM WIND FARMS LIKE

07:13.366 --> 07:14.133 align:left position:10% line:89% size:80%
AVIATOR.

07:14.133 --> 07:15.368 align:left position:10% line:89% size:80%
>> Reporter: GOODWIN SAYS THESE

07:15.368 --> 07:17.003 align:left position:10% line:89% size:80%
CORPORATE COMMITMENTS TO COMBAT

07:17.003 --> 07:19.138 align:left position:10% line:89% size:80%
CLIMATE CHANGE IN TURN END UP

07:19.138 --> 07:20.873 align:left position:10% line:89% size:80%
SUPPORTING THE RURAL COMMUNITIES

07:20.873 --> 07:22.608 align:left position:10% line:89% size:80%
WHERE PROJECTS LIKE AVIATOR ARE

07:22.608 --> 07:23.743 align:left position:10% line:89% size:80%
BASED.

07:23.743 --> 07:25.945 align:left position:10% line:89% size:80%
SO, THIS WHOLE FACILITY IS BRAND

07:25.945 --> 07:26.379 align:left position:10% line:89% size:80%
NEW?

07:26.379 --> 07:27.814 align:left position:10% line:89% size:80%
>> ALL OF IT IS BRAND NEW.

07:27.814 --> 07:28.581 align:left position:10% line:89% size:80%
>> Reporter: AARON HOOD IS THE

07:28.581 --> 07:30.450 align:left position:10% line:89% size:80%
SUPERINTENDENT OF THE ROBERT LEE

07:30.450 --> 07:32.084 align:left position:10% line:89% size:80%
INDEPENDENT SCHOOL DISTRICT,

07:32.084 --> 07:33.586 align:left position:10% line:89% size:80%
WHICH IS LOCATED IN THE SAME

07:33.586 --> 07:35.822 align:left position:10% line:89% size:80%
COUNTY AS AVIATOR WIND.

07:35.822 --> 07:37.423 align:left position:10% line:89% size:80%
HOOD SAYS THAT WITH JUST ABOUT

07:37.423 --> 07:40.026 align:left position:10% line:89% size:80%
285 STUDENTS, THE DISTRICT

07:40.026 --> 07:41.894 align:left position:10% line:89% size:80%
HISTORICALLY RELIED ON TAXES

07:41.894 --> 07:43.996 align:left position:10% line:89% size:80%
PAID BY OIL AND GAS OPERATIONS.

07:43.996 --> 07:45.431 align:left position:10% line:89% size:80%
MORE RECENTLY, THOUGH, IT'S BEEN

07:45.431 --> 07:48.401 align:left position:10% line:89% size:80%
TAXES PAID BY WIND PROJECTS.

07:48.401 --> 07:49.335 align:left position:10% line:89% size:80%
>> WE'’’RE PROUD OF IT.

07:49.335 --> 07:50.236 align:left position:10% line:89% size:80%
SCHOOLS OUR SIZE USUALLY DON'T

07:50.236 --> 07:51.537 align:left position:10% line:89% size:80%
GET OPPORTUNITIES TO DO THIS.

07:51.537 --> 07:52.104 align:left position:10% line:89% size:80%
>> Reporter: YEAH.

07:52.104 --> 07:52.939 align:left position:10% line:89% size:80%
>> AND SO, WE-- WE WERE VERY

07:52.939 --> 07:53.806 align:left position:10% line:89% size:80%
FORTUNATE.

07:53.806 --> 07:54.474 align:left position:10% line:89% size:80%
>> Reporter: AVIATOR IS THE

07:54.474 --> 07:55.641 align:left position:10% line:89% size:80%
THIRD WIND DEVELOPMENT TO

07:55.641 --> 07:57.210 align:left position:10% line:89% size:80%
BENEFIT THE DISTRICT, AND IT'S

07:57.210 --> 07:58.611 align:left position:10% line:89% size:80%
EXPECTED TO PROVIDE ABOUT

07:58.611 --> 08:01.481 align:left position:10% line:89% size:80%
$34 MILLION IN TAX REVENUE OVER

08:01.481 --> 08:03.149 align:left position:10% line:89% size:80%
THE NEXT 25 YEARS.

08:03.149 --> 08:05.184 align:left position:10% line:89% size:80%
DID YOU EVER THINK WIND WOULD

08:05.184 --> 08:07.086 align:left position:10% line:89% size:80%
PLAY SUCH AN IMPORTANT PART IN

08:07.086 --> 08:08.588 align:left position:10% line:89% size:80%
RUNNING YOUR DISTRICT?

08:08.588 --> 08:09.522 align:left position:10% line:89% size:80%
>> I DID NOT.

08:09.522 --> 08:11.123 align:left position:10% line:89% size:80%
I DON'T THINK ANYBODY HERE EVER,

08:11.123 --> 08:14.660 align:left position:10% line:89% size:80%
EVER EVEN THOUGHT ABOUT THAT.

08:14.660 --> 08:17.029 align:left position:10% line:89% size:80%
AND SO, I THINK IT'S BEEN, YOU

08:17.029 --> 08:18.998 align:left position:10% line:89% size:80%
KNOW, A-- A BLESSING TO US.

08:18.998 --> 08:20.399 align:left position:10% line:89% size:80%
I THINK IT GIVES US THE SCHOOL,

08:20.399 --> 08:22.902 align:left position:10% line:89% size:80%
THE FACILITY THAT WE HAVE, AND

08:22.902 --> 08:24.437 align:left position:10% line:89% size:80%
IT'’’S GOOD FOR OUR KIDS.

08:24.437 --> 08:25.571 align:left position:10% line:89% size:80%
>> Reporter: BUT WITH THE P.T.C.

08:25.571 --> 08:27.573 align:left position:10% line:89% size:80%
PHASING OUT, ANALYSTS EXPECT

08:27.573 --> 08:28.875 align:left position:10% line:89% size:80%
THERE TO BE A DROP-OFF IN WIND

08:28.875 --> 08:30.243 align:left position:10% line:89% size:80%
INSTALLATIONS OVER THE NEXT

08:30.243 --> 08:31.410 align:left position:10% line:89% size:80%
SEVERAL YEARS.

08:31.410 --> 08:32.345 align:left position:10% line:89% size:80%
AND ALTHOUGH PRODUCERS HAVE

08:32.345 --> 08:33.846 align:left position:10% line:89% size:80%
KNOWN ABOUT THIS PHASE-OUT SINCE

08:33.846 --> 08:36.582 align:left position:10% line:89% size:80%
2015, SOME IN THE WIND INDUSTRY

08:36.582 --> 08:37.683 align:left position:10% line:89% size:80%
ARE WORRIED.

08:37.683 --> 08:39.352 align:left position:10% line:89% size:80%
>> IT COULD BE PROBLEMATIC IF

08:39.352 --> 08:41.220 align:left position:10% line:89% size:80%
THERE IS NO CARBON POLICY PUT IN

08:41.220 --> 08:41.921 align:left position:10% line:89% size:80%
PLACE.

08:41.921 --> 08:43.256 align:left position:10% line:89% size:80%
>> Reporter: APEX C.E.O. MARK

08:43.256 --> 08:44.824 align:left position:10% line:89% size:80%
GOODWIN SAYS THERE WAS A BELIEF

08:44.824 --> 08:46.526 align:left position:10% line:89% size:80%
THAT A LARGER PLAN TO TACKLE

08:46.526 --> 08:48.327 align:left position:10% line:89% size:80%
CLIMATE CHANGE WAS COMING.

08:48.327 --> 08:50.263 align:left position:10% line:89% size:80%
>> THE WIND INDUSTRY VOLUNTARILY

08:50.263 --> 08:52.131 align:left position:10% line:89% size:80%
AGREED TO A PHASE-OUT, BUT THAT

08:52.131 --> 08:55.167 align:left position:10% line:89% size:80%
WAS IN A SCENARIO WHERE, OVER

08:55.167 --> 08:56.869 align:left position:10% line:89% size:80%
THAT PHASE-OUT, WE EXPECTED

08:56.869 --> 08:59.372 align:left position:10% line:89% size:80%
THERE TO BE A CARBON POLICY THAT

08:59.372 --> 09:00.673 align:left position:10% line:89% size:80%
RAMPED UP.

09:00.673 --> 09:02.875 align:left position:10% line:89% size:80%
WIND AND SOLAR GENERATE NO

09:02.875 --> 09:04.510 align:left position:10% line:89% size:80%
GREENHOUSE GASES.

09:04.510 --> 09:06.245 align:left position:10% line:89% size:80%
FOSSIL FUEL GENERATORS, THEY

09:06.245 --> 09:07.780 align:left position:10% line:89% size:80%
POLLUTE FOR FREE.

09:07.780 --> 09:09.315 align:left position:10% line:89% size:80%
AND THERE SHOULD BE A PRICE ON

09:09.315 --> 09:10.683 align:left position:10% line:89% size:80%
THAT, AND THAT WILL HELP BALANCE

09:10.683 --> 09:12.451 align:left position:10% line:89% size:80%
OUT WHERE WE GO IN THE FUTURE.

09:12.451 --> 09:13.119 align:left position:10% line:89% size:80%
>> Reporter: THERE HAVE BEEN

09:13.119 --> 09:14.520 align:left position:10% line:89% size:80%
SEVERAL PROPOSALS TO CURB

09:14.520 --> 09:16.055 align:left position:10% line:89% size:80%
GREENHOUSE GAS EMISSIONS DATING

09:16.055 --> 09:17.890 align:left position:10% line:89% size:80%
BACK DECADES, INCLUDING CARBON

09:17.890 --> 09:19.892 align:left position:10% line:89% size:80%
TAXES, CAP AND TRADE SYSTEMS,

09:19.892 --> 09:21.294 align:left position:10% line:89% size:80%
AND, MORE RECENTLY, A GREEN NEW

09:21.294 --> 09:22.662 align:left position:10% line:89% size:80%
DEAL THAT WOULD MANDATE

09:22.662 --> 09:24.630 align:left position:10% line:89% size:80%
RENEWABLE ENERGY ON THE GRID.

09:24.630 --> 09:26.132 align:left position:10% line:89% size:80%
BUT THE U.S. IS FAR FROM PASSING

09:26.132 --> 09:27.867 align:left position:10% line:89% size:80%
ANY KIND OF NATIONAL CARBON

09:27.867 --> 09:29.502 align:left position:10% line:89% size:80%
POLICY TO PREVENT CLIMATE

09:29.502 --> 09:30.603 align:left position:10% line:89% size:80%
CHANGE.

09:30.603 --> 09:33.239 align:left position:10% line:89% size:80%
IN FACT, IN 2017, THE TRUMP

09:33.239 --> 09:34.807 align:left position:10% line:89% size:80%
ADMINISTRATION ANNOUNCED IT WAS

09:34.807 --> 09:36.309 align:left position:10% line:89% size:80%
PULLING THE UNITED STATES OUT OF

09:36.309 --> 09:38.077 align:left position:10% line:89% size:80%
THE PARIS CLIMATE ACCORDS.

09:38.077 --> 09:39.078 align:left position:10% line:89% size:80%
>> AND THIS IS IN ABSENCE OF A

09:39.078 --> 09:40.379 align:left position:10% line:89% size:80%
CLIMATE POLICY.

09:40.379 --> 09:41.280 align:left position:10% line:89% size:80%
>> Reporter: ENERGY RESEARCHER

09:41.280 --> 09:43.082 align:left position:10% line:89% size:80%
MELISSA LOTT SAYS RELYING ON

09:43.082 --> 09:44.450 align:left position:10% line:89% size:80%
INCENTIVES FOR SPECIFIC

09:44.450 --> 09:45.818 align:left position:10% line:89% size:80%
TECHNOLOGIES, LIKE THE

09:45.818 --> 09:47.720 align:left position:10% line:89% size:80%
PRODUCTION TAX CREDIT FOR WIND,

09:47.720 --> 09:49.555 align:left position:10% line:89% size:80%
IS NOT THE MOST EFFICIENT WAY TO

09:49.555 --> 09:51.791 align:left position:10% line:89% size:80%
REDUCE GREENHOUSE GAS EMISSIONS.

09:51.791 --> 09:53.159 align:left position:10% line:89% size:80%
>> THE BEST THING WE CAN DO IS

09:53.159 --> 09:54.527 align:left position:10% line:89% size:80%
TO HAVE A POLICY THAT STAYS

09:54.527 --> 09:56.729 align:left position:10% line:89% size:80%
TECHNOLOGY-NEUTRAL AND SAYS OUR

09:56.729 --> 09:58.497 align:left position:10% line:89% size:80%
GOAL IS ZERO CARBON.

09:58.497 --> 09:59.465 align:left position:10% line:89% size:80%
GIVEN THAT GOAL, HERE'S A

09:59.465 --> 10:00.800 align:left position:10% line:89% size:80%
STRUCTURE IN WHICH FOR YOU ALL

10:00.800 --> 10:02.201 align:left position:10% line:89% size:80%
TO OPERATE, AND THEN LET THE

10:02.201 --> 10:03.302 align:left position:10% line:89% size:80%
MARKETS DECIDE WHAT HAPPENS

10:03.302 --> 10:03.970 align:left position:10% line:89% size:80%
AFTER THAT.

10:03.970 --> 10:04.637 align:left position:10% line:89% size:80%
>> Reporter: SO, BUT WITHOUT

10:04.637 --> 10:06.606 align:left position:10% line:89% size:80%
THAT FEDERAL POLICY, SHOULD WE

10:06.606 --> 10:08.674 align:left position:10% line:89% size:80%
CONTINUE HAVING THESE TAX

10:08.674 --> 10:09.475 align:left position:10% line:89% size:80%
CREDITS?

10:09.475 --> 10:12.278 align:left position:10% line:89% size:80%
>> YEAH, SO THERE ARE ARGUMENTS

10:12.278 --> 10:13.779 align:left position:10% line:89% size:80%
BOTH WAYS, BUT I THINK IF WE

10:13.779 --> 10:15.081 align:left position:10% line:89% size:80%
DON'T HAVE A NATIONAL POLICY

10:15.081 --> 10:15.915 align:left position:10% line:89% size:80%
THAT SUPPORTS CLIMATE

10:15.915 --> 10:17.049 align:left position:10% line:89% size:80%
HOLISTICALLY, WE SHOULD BE DOING

10:17.049 --> 10:18.451 align:left position:10% line:89% size:80%
WHATEVER WE CAN.

10:18.451 --> 10:21.087 align:left position:10% line:89% size:80%
AND IF THE MEANS BEFORE US IS A

10:21.087 --> 10:23.222 align:left position:10% line:89% size:80%
PRODUCTION TAX CREDIT, THEN

10:23.222 --> 10:24.657 align:left position:10% line:89% size:80%
FINE.

10:24.657 --> 10:25.257 align:left position:10% line:89% size:80%
>> Reporter: AS THE WIND

10:25.257 --> 10:27.126 align:left position:10% line:89% size:80%
INDUSTRY ENTERS THE LAST YEAR OF

10:27.126 --> 10:29.662 align:left position:10% line:89% size:80%
THE FULL P.T.C., 2020 IS

10:29.662 --> 10:31.397 align:left position:10% line:89% size:80%
PROJECTED TO BE A RECORD YEAR

10:31.397 --> 10:32.898 align:left position:10% line:89% size:80%
WITH DEVELOPERS EXPECTED TO

10:32.898 --> 10:35.167 align:left position:10% line:89% size:80%
INSTALL NEARLY 40% MORE WIND

10:35.167 --> 10:37.136 align:left position:10% line:89% size:80%
ENERGY THAN LAST YEAR.