Monthly Archives: May 2015

Kentucky Adopts Innovative PACE Clean Energy Financing Tool

By Guest Author / Published: May 7, 2015

By: Jeremy Faust, Strategic Business Development Director, Greater Cincinnati Energy Alliance

In a surprising show of bi-partisanship, lawmakers in one of the nation’s more conservative states came together last month to approve a major victory for clean energy.

Kentucky became the latest state in the country to approve PACE (Property-Assessed Clean Energy), an innovative financing tool that allows cities to use their property taxes as a way to finance clean energy upgrades to buildings.

PACE’s unique structure and benefits have helped spur the proliferation of PACE programs around the county. As a result, the market for PACE financing is estimated to rise above $1 billion this year.

Kentucky has authorized businesses and other commercial property owners in the state to apply for PACE financing, which can be used for energy efficiency, renewable energy, and water efficiency improvements to their buildings. The victory comes after a two-year legislative effort led by the Greater Cincinnati Energy Alliance and the Kentucky Energy Project Assessment Districts (EPAD) Council. Read More »

Three Climate Leadership Openings Corporate America Can’t Afford to Miss

By Ben Ratner / Published: May 7, 2015

Too much ink has been spilled on the anti-climate furor of the Koch brothers. If we lose on climate, it won’t be because of the Koch brothers or those like them.

It will be because too many potential climate champions from the business community stood quietly on the sidelines at a time when America has attractive policy opportunities to drive down economy-endangering greenhouse gas emissions.

Corporate executives have the savvy to understand the climate change problem and opportunity. They have the incentive to tackle it through smart policy, and the clout to influence politicians and policy makers. Perhaps most importantly, they can inspire each other.

And today, they have a chance to do what they do best: lead. Corporate climate leadership has nothing to do with partisanship – it’s ultimately about business acumen.

For starters, here are three immediate opportunities smart companies won’t want to miss. Read More »

Posted in Clean Energy, Climate, Methane, Natural Gas / Comments are closed

Creative Utility Accounting: Estimating the True Cost of a Subsidy

By Dick Munson / Published: May 7, 2015

$5 billion is a lot of money, yet that’s the difference in cost estimates between an Ohio-based, consumer advocacy group and FirstEnergy for the utility’s proposed bailout plan.

FirstEnergy, the giant Akron-based company that owns power plants and transmission lines in several midwestern and northeastern states, calculates its proposed plan to raise electricity rates will eventually save Ohio customers $2 billion. The Ohio Consumers’ Counsel, in contrast, estimates the subsidies will cost Ohioans $3 billion.

To appreciate the differences, consider a little history.

Several years ago, FirstEnergy thought it could profit in emerging regional electricity markets, so it convinced regulators to allow it to set up a separate subsidiary that would generate and sell electricity. That unit was to be independent from another subsidiary company, which managed the power wires and delivered power to customers. This partial step toward free markets, however, didn’t work out too well for FirstEnergy. Now, it’s asking regulators to abandon competition. Read More »

Posted in Clean Energy, FirstEnergy, Ohio / Read 3 Responses

Are Apple and Google Disrupting America’s Century-Old Energy Market?

By Gavin Purchas / Published: May 6, 2015

Apple made news earlier this year when it signed an $848-million “direct access” deal to bypass Pacific Gas & Electric Co. and buy clean energy directly from a third-party solar provider. For Apple, the big win was a contract that locked in affordable energy for the next 25 years.

But the deal also set a historical precedent for corporate renewable energy purchases that may, over time, have huge financial implications for traditional utilities.

Energy deals break new ground

With its solar contracts, the iPhone maker is insulating itself from the price volatility that accompanies fossil fuels, in addition to getting power for less than half the cost. Going forward, it can count electricity as a fixed, predictable cost – an attractive proposition that is sure to spark interest among other large buyers of electricity.

Apple’s investment in First Solar’s PV Flats, a 2,900-acre solar array in Monterey, California, also suggests that corporations are ready to take procurement of energy to a new level.

On the heels of Apple’s deal came news that Google signed a 20-year purchase agreement to buy half of the energy produced at the soon-to-be refurbished Altamont Pass wind energy facility. The wind turbines there will power the company’s sprawling Googleplex headquarters in nearby Mountain View, California – again, effectively bypassing the local utility. Read More »

Posted in California, Clean Energy, Renewable Energy / Tagged Apple; Google | Read 1 Response

Matching Veterans with Solar Jobs: Now that’s a Bright Idea

By Stephanie Kline / Published: May 4, 2015

During the next five years, 200,000 service members will transition from active duty military to civilian life. They will need jobs. The solar industry is booming and needs skilled workers. The math is simple.

The recently announced Solar Ready Vets program aims to help transitioning service members pursue training in the solar industry, which is adding 30,000 jobs a year, according to the U.S. Department of Energy (DOE).

Solar Ready Vets will focus on the specific needs of high-growth solar employers and build on the technical skills that veterans acquired during service. Solar Ready Vets is part of a larger DOE initiative to train 75,000 people for the solar workforce by 2020, some of whom are also veterans.

Initially, Solar Ready Vets will roll out at 10 military bases across the United States. Four bases in Colorado, California, Utah, and Virginia have been identified, and the other six will be selected based on the number of transitioning military personnel and strength of the solar market, among other things. Read More »

Posted in Clean Energy, Jobs, North Carolina, Renewable Energy / Read 8 Responses

U.S. Supreme Court Breathes New Life into FERC Order 745, Demand Response

By Michael Panfil / Published: May 4, 2015

You’ve probably heard the saying “life is a journey,” but this could not be more true for EPSA v. FERC, the landmark demand response case clean energy experts have been eyeing for more than a year as it’s made its way through the U.S. legal system.

Starting in the D.C. Circuit Court of Appeals back in May 2014, EPSA v. FERC (also known as the “FERC Order 745 case”) now rests with the U.S. Supreme Court where, today, it was given new life when the Justices accepted the U.S. Solicitor General’s request for review submitted on behalf of the Federal Energy Regulatory Commission (“FERC”). Review was granted on both petitions, which have been consolidated, by FERC and Enernoc, et. al, case numbers 14-840 and 14-841. The Supreme Court granted review to both central questions, one about FERC’s authority and a second about challenges to central provisions to the order providing for fair valuation of demand response. Environmental Defense Fund (EDF), along with a broad coalition of consumer advocates and environmental groups, supported FERC’s petition before the Supreme Court earlier this year and will continue to do so as the matter is reviewed by the high Court.

The decision to review the case is great news for demand response, a voluntary energy conservation tool that relies on people and technology, not power plants, to affordably meet our country’s rising electricity needs. It’s also a welcome sign for the Federal Energy Regulatory Commission (FERC) – the government entity tasked with ensuring our electric rates are ‘just and reasonable’ – and anyone in favor of cleaner, more reliable, lower-cost energy. Read More »

Posted in Clean Energy, Demand Response / Tagged FERC | Comments are closed