|
The Green Side of the Grid Modernization Bill
Thursday, May 26, 2011 - Posted by Advertising Department [The following is a paid advertisement.] Much of the attention around grid modernization legislation has focused on regulatory reform. But the bill also creates more energy efficiency programs and boosts investment in clean energy resources. Here are some of the ways: • Allows ICC to approve energy efficiency measures above and beyond those they can approve now. • Creates Incentives for Small-Scale Renewable Energy Systems: Owners of small-scale solar generating systems are often too small to bid their credits into the IPA’s annual renewable energy auction. SB 1652 carves out 1% of the existing 6% solar requirement in the RPS statute for customer owned, behind the meter, solar installations. This, in turn, improves the economics of small-scale renewable generation. • Requires the utilities to contribute $15 million for the start up (and $5 million per year thereafter) for the creation of Science and Energy Innovation Trust, which supports green energy efficiency-based technology start up companies.
Comments Off |
|
ComEd’s SB 1652 is the “new” HB 14….
Wednesday, May 25, 2011 - Posted by Advertising Department [The following is a paid advertisement.] …New name, but the same game. ComEd has developed a new tactic to urge passage of their automatic rate hikes legislation – just give it a different name. ComEd claims that Senate Bill 1652 is better and addresses many of the concerns raised about House Bill 14. But the new bill is still bad news for Illinois consumers and businesses. Senate Bill 1652 ensures higher utility company profits – at the expense of consumers - by guaranteeing a return on equity of over 10%. The formula rate proposed in the bill still mean that customers will face nearly automatic rate increases for six years. ComEd claims the new bill includes higher performance standards related to reliability, customer service and job creation. ComEd setting their own performance standards is much like the wolf guarding the hen house. The bottom line is that ComEd is still attempting to use Illinois law to subsidize their corporate profit margins. AARP is opposed to Senate Bill 1652 and urges lawmakers to reject the bill. Don’t be fooled by the new name, Senate Bill 1652 is still a wolf in sheep’s clothing.
Comments Off |
|
Illinois Grid Modernization legislation has been enhanced with new and stronger consumer protections
Wednesday, May 25, 2011 - Posted by Advertising Department [The following is a paid advertisement.] The enhanced legislation…
The new bill addresses stakeholder concerns. Other states are on the move, and we need to get moving building the energy infrastructure the 21st century is demanding. The time to act is now.
Comments Off |
| « NEWER POSTS | PREVIOUS POSTS » |
