POV: Power Breakfast

Power Breakfast for Oct. 20, 2015

Fixed costs possible increase; P&G turns to wind power; certain companies' commitment to reducing carbon emissions

POV: Power Breakfast

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

  • The Wall Street Journal reports that utilities — because the grid is becoming a more “complex machine — are seeking to increase their monthly fees by double-digit percentages, raising them to $25 or more a month regardless of the amount of power consumers use. The utilities argue that the fees should cover a bigger proportion of the fixed costs of the electric grid, including maintenance and repairs.
  • Consumer products giant Procter & Gamble is turning to wind power for of its North American plants that manufacture home care and fabric products.  To do so, P&G is teaming with EDF Renewable Energy to build a wind farm in Texas.  It is the Company’s biggest foray into wind power and, as The New York Times writes, represents an effort to, “garner good will with environmentally conscious consumers at a time when personal care companies are under more pressure than ever to respond to their concerns.”
  • The New York Times also covered the Obama Administration’s announcement that it had teamed up with 81 American companies to commit to a “large reduction” in carbon emissions.  For many of the companies involved, the actual emissions commitments were a combination of old and new programs. Nonetheless, the Administration summarized the development as showing that, “international action on climate [is] not only good for our climate but good for the bottom line.”
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