Energy Investments in Georgia

Georgia Energy Investments and Oil and Gas Production in Georgia is overseen by the

Georgia Energy Investments Quick Facts

    • A recent expansion of the Elba Island, Georgia, liquefied natural gas receiving terminal increased its peak capacity to 1.8 billion cubic feet of gas per day and increased its storage capacity to 11.5 billion cubic feet of gas.
    • In February 2012, the Nuclear Regulatory Commission approved the construction of two new nuclear reactors at the Vogtle nuclear power plant in Burke County.
    • Georgia’s four existing nuclear reactor units accounted for 26 percent of the State’s net electricity generation in 2011; coal accounted for 48 percent, natural gas for 21 percent, and renewable energy for 5 percent.
    • Georgia is heavily forested and has been a leading State in the production of lumber and pulpwood, which contribute feedstock for biomass electricity generation; in 2011, Georgia ranked third in the Nation in net electricity generation from biomass.
    • In 2011 Georgia ranked ninth in net electricity generation and eighth in electricity consumption in the Nation.

Energy Investments in Wyoming

Wyoming Energy Investment Quick Facts

  • Wyoming produced 40 percent of all coal mined in the United States in 2011.
  • In 2011, 35 States received coal from Wyoming mines, with eight States buying more than 90 percent of their coal from Wyoming.
  • Wyoming accounted for 9.0 percent of U.S. marketed natural gas production in 2011.
  • In 2011, 86 percent of net electricity generation in the State came from coal and 13 percent came from renewable energy resources, primarily wind.
  • Wyoming had the second lowest average electricity price of any State in 2011.

Energy Investments in Wisconsin

Wisconsin Energy Investment Quick Facts

  • Wisconsin’s industrial sector, which includes energy-intensive industries such as food processing, chemical manufacturing, plastics, and forest products, was the highest energy consuming sector in the State at 577 trillion Btu in 2010.
  • Coal has dominated electricity generation in Wisconsin; in 2011 it provided 63 percent of the State’s net electricity generation.
  • Point Beach nuclear power plant’s Unit 1 reactor, one of the oldest operating reactors in the United States, started commercial operations in 1970; in 2005, its operating license was extended 20 years (for a total of 60 years).
  • In 2011, 8.4 percent of Wisconsin’s net electricity generation came from renewable energy resources, split among conventional hydroelectric power, biomass, and wind.
  • In 2010, Wisconsin produced 438 million gallons of ethanol and ranked ninth among the States in ethanol production.

Energy Investments In West Virginia

West Virginia Energy Investment Quick Facts

  • West Virginia ranked third among the States in total energy production in 2010, producing 5.3 percent of the Nation’s total.
  • In 2011, West Virginia was the largest coal producer east of the Mississippi River and the second largest in the Nation after Wyoming; the State accounted for 12 percent of the U.S. total coal production that year.
  • In 2010, 79 percent (106 million short tons) of the coal that was mined in West Virginia was shipped to other States.
  • Coal-fired electric power plants accounted for 96 percent of West Virginia’s net electricity generation in 2011, and renewable energy resources – primarily hydroelectric power and wind energy – contributed 3.3 percent.
  • West Virginia typically generates more electricity than it consumes; in 2010, 56 percent of its net electricity generation was consumed outside the State.

Energy Investments In Washington

Washington Energy Investment Quick Facts

  • The Grand Coulee Dam on Washington’s Columbia River is the largest hydroelectric power producer in the United States, with a total generating capacity of 6,809 megawatts.
  • In 2011, Washington was the leading producer of electricity from hydroelectric sources and produced 29 percent of the Nation’s net electricity generation.
  • Although not a crude oil-producing State, in 2011, Washington ranked sixth in the Nation in crude oil refining capacity.
  • Washington ranked sixth in the Nation in net generation of electricity from wind energy in 2011.
  • The State of Washington’s Energy Independence Act requires large electric utilities to obtain 15 percent of their electricity from new renewable energy resources by 2020 and to undertake cost-effective energy conservation.

Energy Investments In Virginia

Virginia Energy Investment Quick Facts

  • Based on proved reserves, two of Virginia’s natural gas fields were ranked among the top 100 wet natural gas fields in the United States in 2009; Virginia also ranked fourth among the States in coalbed methane proved reserves at the end of 2009.
  • Virginia accounted for 5.0 percent of U.S. coal production east of the Mississippi River in 2010, and the seaport at Norfolk, Virginia — America’s largest coal export facility — processed 38 percent of U.S. coal exports in 2011.
  • The State’s two nuclear power plants provided 38 percent of the net electricity generation in 2011.
  • In 2010, Virginia ranked eighth in the number of alternate fuel vehicles in use, most of which were ethanol 85 fueled.
  • Virginia has established a voluntary Renewable Portfolio Standard to encourage investor-owned utilities to procure a portion of the electricity sold in Virginia from renewable energy resources; in 2011, 5.1 percent of the State’s net electricity generation came from renewable energy, over half of which was biomass.

Energy Investments In Texas

Texas Energy Investment Quick Facts

  • Texas was the leading crude oil-producing State in the Nation in 2011 and also exceeded production levels from the Federal offshore areas.
  • In 2011, Texas’s 26 petroleum refineries had a capacity of over 4.7 million barrels of crude oil per day and accounted for 27 percent of total U.S. refining capacity.
  • Texas accounted for 28 percent of U.S. marketed natural gas production in 2011, making it the leading natural gas producer among the States.
  • Texas led the Nation in wind-powered generation capacity in 2010 and was the first State to reach 10,000 megawatts of wind capacity.
  • West Texas Intermediate (WTI), a grade of crude oil produced in Texas and southern Oklahoma and traded in the domestic spot market at Cushing, Oklahoma, serves as a “benchmark” for oil pricing.

Energy Investments In Tennessee

Tennessee Energy Investment Quick Facts

  • The newest nuclear reactor in the United States, the single unit at the Watts Bar nuclear power plant, began operating in 1996; Watts Bar 2 is scheduled to be the next U.S. reactor to come online in 2015.
  • In 2010, Tennessee ranked among the lowest ten producing States in both crude oil and marketed natural gas production, with total crude oil production of 257 thousand barrels and marketed natural gas production of 5.1 billion cubic feet; at 1.5 million short tons, coal production was fifth lowest among the 25 coal-producing States in the final quarter of 2011.
  • At 9.4 million megawatthours in 2011, Tennessee’s net electricity generation from hydroelectric power was the second highest of any State east of the Mississippi River.
  • The Southeast’s first major wind farm, located on Buffalo Mountain near Oliver Springs, began operating as a two-megawatt facility in 2000; by 2011, its generating capacity had expanded to 24 megawatts.
  • Tennessee’s largest solar farm opened in April 2012 in Stanton; the facility has the capacity to produce 5 megawatts of electricity.

Energy Investments in South Dakota

South Dakota Energy Investment Quick Facts

  • South Dakota ranked fifth in the Nation in ethanol production in 2011.
  • In 2011, South Dakota had more net electricity generated from hydroelectric power than from any other source.
  • Wind and hydroelectric power provided 77 percent of the South Dakota’s total net electricity generation in 2011.
  • South Dakotans’ price for electricity averaged 8.1 cents per kilowatthour in 2011 across all sectors, compared to the national average of 10.0 cents per kilowatthour.
  • The National Renewable Energy Laboratory estimates that 88 percent of South Dakota’s land area has high wind power potential.

Energy Investments in South Carolina

South Carolina Energy Investment Quick Facts

  • Per capita electricity use in South Carolina is higher than the nationwide average, due in part to high air-conditioning demand during the hot summer months and the widespread use of electricity for home heating in winter.
  • South Carolina received 70 percent of its coal for the electric power sector from Kentucky in 2010.
  • South Carolina’s four existing nuclear power plants supplied 51 percent of the State’s net electricity generation in 2011, and, in March 2012, the Nuclear Regulatory Commission approved the construction of two new units at the V.C. Summer Nuclear Station site in Fairfield County.
  • In 2011, renewable energy resources accounted for 4.0 percent of South Carolina’s net electricity generation; almost half of that generation came from conventional hydroelectric power.
  • South Carolina has adopted energy standards for public buildings and other energy reduction goals that together are meant to reduce energy use 20 percent from 2000 levels by July 1, 2020.