Renewables May Break the Century-Old Utility Rulebook

Lawmakers to consider 'Affordable Energy Act' letting utilities build renewable power

In Annapolis, a house bill known as the “Affordable Energy Act” will be before lawmakers on Tuesday. The legislation aims to address the rising electricity demand in Maryland by allowing the state’s regulated electric utilities to build and own clean and renewable power generation. On the “C4 and Bryan Nehman” show, Valencia McClure, a senior VP at Exelon, said there is broad support for the bill. “We have contractors, we have LIUNA. So a number…

Renewables May Break the Century-Old Utility Rulebook

Renewable sources of power generation, such as solar, wind, and batteries, are displacing fossil fired power generation. The reason? Price. They produce power more cheaply. This is also a little more complicated because this is also a technology transition away from fossil fuels, and its assimilation rate throughout the economy is accelerating. But when competing businesses, which produce the identical commodity,  such as electricity, begin to d…