February 16, 2010
Goods news doesn’t always make front page news.
The Edison Electric Institute (EEI), the association of shareholder owned electric companies serving 70% of the U.S. electric power industry, provides policy leadership for the industry. In the ongoing debate of current legislation in Washington, EEI President Tom Kuhn stated last week in his annual “State of Industry” that, “We want legislation that will achieve the twin goals of reducing U.S. carbon emissions by 80% by 2050 and mitigating price increases for our customers.” In addition, the EEI indicates that industry capital investments in the smart grid are expected to be $80 Billion in 2010, versus $40 Billion in 2004.
Carbon capture, wind, solar, hydro, energy storage and plug-in hybrids are just few of the new technologies coming to a neighborhood near you: soon. Just ask the EEI.
So, where’s the beef? Progress may often be a bit slow, and it may not always make the headlines, but, when it’s good news, it should! That’s the beef.