POV: Power Breakfast

Power Breakfast for Feb. 2, 2015

A look at financial challenges of Clean Power Plan compliance; Utility "death spiral" from solar surge unlikely; EPA aligns with pope on climate change

POV: Power Breakfast

A nearly daily round-up of news for your consideration:

  • “Texas faces the largest absolute carbon reduction goals for 2030 at 54.89 million metric tons, more than double the next state, Florida, at 26.31 million metric tons,” according to a new Fitch Rating’s analysis of the EPA’s Clean Power Plan. The report shows that utilities operating in high-cost, high-rate states will be most challenged with complying.
  •  “What has popularly become known in the industry as the utilities “death spiral” is extremely unlikely to occur,” Forbes writes of the notion that a majority of customers will generate their own electricity and migrate off the grid. While there are implications to utilities, “in the U.S., only about 29 percent of households are viable for solar panels, and our projections show that in the next 10 years, only about 5 percent of U.S. consumers will be energy self-sufficient.”
  • U.S. Environmental Protection Agency Administrator Gina McCarthy says she hopes Pope Francis’ message on climate change will convince skeptics that “the science is real” and that it’s a “moral issue” given its effects on the poorest, weakest nations, Reuters reports. The pope will visit the U.S. in September.
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