Theory: Fed. tax incentives for #CleanEnergy can help mitigate transition costs.
Reality: Regulated utilities can only use those incentives to affordably transition 1-2 fossil plants/year to clean energy across the country—far below what is needed for #ClimateAlignment. 1/4
Reality: Regulated utilities can only use those incentives to affordably transition 1-2 fossil plants/year to clean energy across the country—far below what is needed for #ClimateAlignment. 1/4
Thankfully, there are innovative policy & regulatory options at the state level, like securitization & performance-based regulation, that can mitigate many of these challenges. The only problem is they are not deployed in many of the states that could most benefit from them. 2/4
Significant progress, however, can be made by engagement with twenty utility holding companies.
In 2019, these represented about 90% of the regulated utility sector& #39;s sales and were responsible for the same proportion of its emissions. 3/4
In 2019, these represented about 90% of the regulated utility sector& #39;s sales and were responsible for the same proportion of its emissions. 3/4
Discover more insights on the Utility Transition Hub™: https://bit.ly/3u3nAyC ">https://bit.ly/3u3nAyC&q... 4/4