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CFE agenda 041017
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CFE agenda 041017
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4/10/2017
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CFE Minutes 041017
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"Whatever they do in Washington, they can't change the facts," Brown said during a state of the state address days after <br />Trump's inauguration. "And these are the facts: The climate is changing, the temperatures are rising, and so are the oceans. <br />Natural habitats everywhere are under increasing stress. The world knows this." <br />Months earlier, Brown had signed legislation requiring the state to cut greenhouse gas emissions 40 percent below 1990 levels <br />by 2030 — an ambitious goal compared with past targets. Weeks earlier, the state had hired an outside legal team that includes <br />former U.S. attorney general Eric H. Holder Jr. to help defend its environmental and other policies in the age of Trump. <br />Some of the nation's biggest utilities also say that shelving the Clean Power Plan will have little effect on their long -term <br />actions, which aren't aimed at four -year presidential cycles but involve looking decades ahead. <br />"[Our] long -term strategy is focused on generating and delivering electricity in ways that meet the needs and expectations of <br />our customers," Nick Akins, chief executive of American Electric Power, one of the nation's largest utilities, said in an email. <br />"That includes diversifying our fuel mix and investing in renewable generation and other innovations that increase efficiency <br />and reduce emissions. That won't change." <br />AEP's 2016 carbon dioxide emissions were already 44 percent below 2000 levels, and Akins said the company expects further <br />declines as it adds more natural gas and renewable power generation. It plans to invest about $1.5 billion in renewable energy <br />over the next three years. <br />Marijke Shugrue, a spokeswoman for another major utility, NRG, said the company "set our sustainability goals back in 2014 <br />unconnected to the Clean Power Plan. Whatever happens to that, our goals still stand. It made sense before, and it still makes <br />sense." The plan set a goal of reducing NRG's carbon emissions by 50 percent by 2030. <br />Investors also understand that operating coal plants these days can be bad for the bottom line. After the owners of the 40- <br />year -old Navajo Generating Station in Arizona announced Feb. 13 that they would close the station's coal -fired power plant, <br />Moody's Investors Service called the decision "credit positive" for the owners. <br />Closing the enormous 2,250- megawatt facility — the largest coal plant west of the Mississippi River — "reduces risks associated <br />with the coal -fired units meeting environmental standards," Moody's said. In addition, the shutdown "brings economic <br />benefits to ratepayers." <br />At the Environmental Defense Fund, Munson expects renewable energy will continue to surge even in states that lack <br />renewable portfolio standards. "Look at Texas," he said. "Not exactly a font of progressive policies." Even so, Texas is home to <br />one - fourth of the nation's wind capacity, with more on the way. <br />On Nov. 27, wind energy set a record there, providing 45 percent of the state's total electricity demand that day. Overall, wind <br />provides 12.7 percent of the state's electricity, and projects underway will bring that to about 16 percent when finished. <br />
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