FirstEnergy, the giant Ohio-based company that owns power plants and transmission lines in several midwestern and northeastern states, is running out of arguments for its proposed bailout.
The Public Utility Commission of Ohio (PUCO), which is currently considering the proposal by FirstEnergy for substantial, customer-funded subsidies to bail out its uneconomic power plants, has suggested the utility must prove four points.
- Financial need
As we all know, need is different than want. And with a balance sheet showing $12.4 billion in shareholder equity, clearly the giant utility is able to keep these plants open. But FirstEnergy and its shareholders are reluctant to subsidize their own risk – instead, they want Ohio customers to take on the cost and associated risk. Strike one. Read More
Utilities across the country offer energy efficiency programs, many of which obtain good results simply by replacing incandescent light bulbs with compact fluorescents (CFLs) or light-emitting diodes (LEDs). In Pennsylvania, however, Environmental Defense Fund (EDF) and other environmental groups are going further by seeking more comprehensive and longer-term efficiency measures.
Compared with neighboring states, Pennsylvania’s efficiency programs tilt heavily – 65 percent – toward the residential sector. Since residents account for only 37 percent of the state’s total electricity, environmental groups see substantial efficiency opportunities exist in the commercial and industrial (C&I) sectors. Read More
By: Jorge Madrid, Coordinator, Partnerships and Alliances, and Kate Zerrenner, Clean Energy Project Manager
School’s out for summer! It’s time to check those report cards and figure out if we made the energy efficiency grade or if we’re stuck trying to catch up.
For Los Angeles, the marks are pretty consistent: “Not great yet, but getting there…”
According to the American Council for an Energy Efficiency Economy (ACEEE), who just released their 2015 City Energy Efficiency Score Card, Los Angeles is the most improved city in the country – rising the fastest of all cities and finally breaking the top 15 rankings (up to #12 from #28 last year). ACEEE cites “a strong new suite of climate goals and high marks in energy and water utilities” as key factors in the city’s improved score.
For a city the size and scale of Los Angeles (second largest U.S. city in total population, a regional economy larger than most countries, and the largest manufacturing sectors and ports in the U.S.) these are impressive accolades. The city has consistently kept water demand relatively flat despite a booming population and desert-like climate. L.A. also has a gold star from the Environmental Protection Agency (EPA) for being ranked second on a list of the top 25 U.S. cities with the most energy efficient buildings in the nation. Read More
By Scott Henderson, Advisor to Metrus Energy
While many in the clean energy industry are familiar with the use of power purchase agreements (PPA) to finance solar energy systems at commercial and industrial facilities, many may be surprised to know that there is a similar contract for funding energy efficiency retrofit projects. Called an efficiency services agreement (ESA), this contract was designed to address the challenges, or “pain points,” that building owners commonly face when contemplating such projects.
Like a PPA, an efficiency services agreement enables third-party ownership of a project, in which a developer designs, finances, implements, and owns a package of energy and water efficiency measures at a customer facility. In return for implementing the project, the ESA provider charges the customer for any realized savings, at a rate that is less than their current cost of electricity, gas, or water. This continues until the end of the contract period, typically 10 years, upon which time the customer can renew the contract or purchase the equipment at fair market value. Read More
Every year, SXSW Eco – one of the most high-profile environmental conferences – selects its programming based on votes from the public. This means anyone, regardless of whether you submitted a panel, can cast a vote.
This year, seven experts from Environmental Defense Fund are featured on dynamic panels that cover everything from solar equity and new utility business models to innovative building efficiency programs and the threat of methane pollution. To make sure EDF and energy-related programming is represented at the conference in Austin, TX this October, we are asking our readers to please vote for your favorite EDF panels and presentations. Read More
Also posted in California, Clean Energy, Climate, Demand Response, EDF Climate Corps, Energy-Water Nexus, General, Illinois, Methane, Natural Gas, Renewable Energy, Smart Grid, Texas, Utility Business Models
Diverse groups are creating a healthy dialogue on climate change and clean energy. In addition to ethnicity, diversity includes geographical representation, political affiliation, socio-economic backgrounds – and religious beliefs.
One notable group, Interfaith Power and Light (IPL), is mobilizing millions of people of faith to be better stewards of energy and the environment. Founded in 1998, IPL now has chapters in more than 40 states and represents 15,000 congregations. IPL works with congregations to promote energy conservation, energy efficiency, and renewable energy, with the goal of reducing carbon emissions and the impacts of climate change.
In addition to clean energy advocacy, IPL recognizes that public policies – local, state and federal – play a pivotal role in reducing reliance on fossil fuels and expanding energy choices. IPL rightly focuses attention on communities most vulnerable to the impacts of climate change, advocating for strong adaptation and mitigation actions to protect all communities – from the coast to the heartland. These communities, which are least responsible for activities and decisions that adversely impact the climate, suffer the most. Read More