“At the end of the day, West Virginia may not require us to be clean, but our customers are. So if we want to bring in those jobs – and those are good jobs, those are good-paying jobs … we have to be mindful of what our customers want.”
– Chris Beam, the new president of Appalachian Power, on historic changes in the electric power industry and why his company is not planning to build any more coal-burning power plants, choosing instead to emphasize cleaner sources of power.
Posts Tagged "Utilities"
“Our statutory duty is to produce electricity at the lowest feasible rate. … We weren’t trying to comply with the Clean Power Plan or anything else. What’s the cheapest way to serve the customer? It turned out to be retiring those coal plants.”
– Tennessee Valley Authority CEO Bill Johnson on how little Donald Trump’s pro-coal policies are likely to affect his utility’s plans. TVA is on track to retire five of its original 11 coal-fired power plants by the end of 2018.
“Market forces are driving a rapid evolution of energy resources, and the current data clearly supports the replacement of the coal in our portfolio with an energy mix that includes more renewables and natural gas as the best, most economical path to a strong energy future for New Mexico.”
– Public Service of New Mexico President and CEO Pat Vincent-Collawn in a statement regarding the utility’s integrated resource plan, which calls for completely shutting down one of its two biggest coal-fired power plants by 2022 and exiting from coal completely by 2031.
New wind turbines are “the most cost-effective way to meet our anticipated energy needs of our own customers.”
– PacifiCorp spokesman Bob Gravely on his company’s plans to spend $3.5 billion on 2,000 megawatts of new and upgraded wind turbines, mostly in Wyoming, over the next 20 years.
“If [NGS] were to shut down tomorrow, we wouldn’t have any problem keeping our costs fairly low in this market.”|
“If [NGS] were to shut down tomorrow, we wouldn’t have any problem keeping our costs fairly low in this market.”
– Ron Lunt, director of operations for the Central Arizona Project, on how a surplus of natural gas generation and a deluge of California solar have thrown the Southwest’s power market into flux, including the announced closure of coal-fired Navajo Generating Station. CAP anticipates annual savings of $38.5 million by getting power from cheaper sources than NGS.
“We’re doing it primarily because it’s the cheapest energy resource we can buy now, even lower than our coal generation.”
– Xcel Energy spokesman Wes Reeves, explaining the utility’s decision to invest $1.6 billion to build two large wind farms in eastern New Mexico and West Texas over the next three years, which will lower costs and save customers in those states about $2.8 billion over the next three decades.
“In California, we’re blinding ourselves to the facts, We’re awash in power at a premium price. … The winners are the energy companies. The losers are businesses and families.”
– Loretta Lynch, former president of the California Public Utilities Commission, arguing that allowing utilities to dramatically overbuild natural gas power plant capacity has left consumers paying far more than the national average for electricity.
“Solar growth is so extensive and has so much momentum behind it that we’re at the point where you can’t put the genie back in the bottle. You either learn how to work with this new medium, solar energy, or you’re going to face increasing conflicts.”
– Penn State professor Jeffrey R.S. Brownson, an expert in solar adoption, on utilities expanding their business models into the development of community solar gardens and how that will continue driving a transition to clean energy despite Trump policies to boost coal.
“The factor that has changed the conversation, it’s the economics of the industry.”
– Scott Harelson, spokesman for the Salt River Project, which operates the 2,250-megawatt, coal-burning Navajo Generating Station in Arizona, explaining the utility’s sudden about-face announcement that it is thinking about closing the facility.
“You’re probably going to start to see, over the next couple of years, what feel like ridiculously low PPA prices [for solar]. You’re starting to see this in some international markets … You’ll start to see that coming in the U.S. as well.”
– Shayle Kann, senior VP at GTM Research, in a keynote address at the recent Solar Market Insight Conference in San Diego.