Today’s headlines: Bracing for another round of offshore wind payouts, and more

This roundup of U.S. energy news headlines is part of our Canary Media Daily newsletter. Sign up to get it in your inbox each morning.

OFFSHORE WIND

• Offshore wind experts predict more companies will try to secure Trump administration payouts to abandon their projects, namely firms that also have oil and gas developments they could shift their investments to. (E&E News)

• The Trump administration’s effective halt to onshore wind farms puts $50 billion in investments and 150,000 jobs at risk, the American Clean Power Association estimates. (Bloomberg)

• California reaffirms its goal of installing 25 GW of offshore wind capacity by 2045, though construction of any projects is still a long way off. (OffshoreWind.Biz)

MIDDLE EAST ENERGY SHOCK

• Analysts anticipate a potential U.S.-Iran deal will return tons of oil to the global market — a welcome development for many countries as their stockpiles run low. (Axios)

UTILITIES

• State lawmakers and regulators in the Midwest urge FERC to reject utilities’ requests to build transmission lines without having to bid on the work — a move the legislators say would stifle competition. (E&E News)

PIPELINES

• The New York State Department of Environmental Conservation sues to block an effort to restart construction of the Constitution Pipeline, a proposed natural gas project that would run from Pennsylvania into upstate New York. (E&E News)

ELECTRIC VEHICLES

• Ferrari’s shares fall after the luxury automaker unveils its first EV, the $640,000 Luce. (CNBC)