EIA: Today in Energy
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Extended tax credits could raise projected renewable electricity capacity and generation
On April 15, the Internal Revenue Service (IRS) released guidance clarifying the eligibility for the recently extended renewable electricity production tax credit (PTC). Congress passed the extension on January 1, 2013 as part of the American Taxpayer Relief Act of 2012 (ATRA). EIA expects this extension could result in significant wind capacity additions over the next three years, leading to higher generation from wind.
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A number of western states increased oil production since 2010
Onshore oil production, including crude oil and lease condensate, rose more than 2 million barrels per day (bbl/d), or 64%, in the Lower 48 states from February 2010 to February 2013, according to recent estimates in EIA's Petroleum Supply Monthly.
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Ethanol production capacity little changed in past year
U.S. fuel ethanol production capacity was 13.9 billion gallons per year (903,000 barrels per day), as of January 1, 2013, according to a report released by EIA on May 20, 2013. The report shows a very slight increase in the total capacity of operating ethanol plants compared to January 1, 2012. Most of the existing fuel ethanol capacity is located in the Midwest (PAD District 2).
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Mexico Week: U.S.-Mexico electricity trade is small, with tight regional focus
U.S. electricity trade with Mexico represents a small fraction—less than a hundredth of a percent—of total U.S. electricity use. A small amount of electricity trade with Mexico exists in California, New Mexico, and Texas, where transmission lines cross the border.
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Mexico Week: Record Mexican natural gas imports include higher flows from U.S.
Mexico imported a record volume of natural gas in 2012, about 2.1 billion cubic feet per day (Bcf/d), which was up 21% from 2011. Natural gas flows from U.S. pipelines accounted for about 80% of Mexico's overall natural gas imports in 2012; U.S. natural gas exports to Mexico in 2012 were almost 1.7 Bcf/d, more than 24% higher than in 2011.
