July 26, 2010
Senator Kerry, it’s time to stand up and be counted.
The attached Bloomberg news article, Utility companies ‘just exhausted’ after defeat on climate bill, discusses the uncertain outlook and the next steps for passage of comprehensive energy legislation. http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aCAc7daaTx5I.
CEO Ralph Izzo of Public Service knows what is important and favors an improved system to regulate emissions. Duke Energy, Exelon, and many other coal fired utilities are also supporting a climate bill. Florida Power and Light even changed its name to NextEra Energy in a reflection of the anticipated paradigm shift that relies more on renewable energy and less on fossil fuels. These companies are ready to stand up and be counted.
But, on Capitol Hill, it’s business as usual. Behind closed doors, the conversation is probably, “Let’s wait til after the election.”
OK. What happens then?
Washington, take a look at BP today. The board is about to select a new executive to run the company. While BP faces a tremendous uphill battle, a management change will be a productive first step to right the ship, and focus on the clean up and correct past woes.
Certainly the boards of PSE&G, Duke, Dominion Resources, Exelon and others have spoken on and support a comprehensive energy plan that includes a constructive system of carbon reduction.
During this recent summer heat wave, we’ve been lucky that we have not seen a massive power outage. And, lucky because this past heat wave peaked on the weekend, and unfortunately, because economic activity is on the decline, industrial usage was down. But, what might happen with rising temperatures during the work week with an improving economy at some future date? There would suddenly be calls for hearings but only after the fact when the lights have already gone out.
The time to act for energy legislation is now. Or, as the famous philosopher Yogi Berra said, “It ain’t over til it’s over.”
Let’s hope that Yogi is right.