Is Natural Gas Flaming Out? October 19 2020
Jim Kapsis' Ad Hoc Gist newsletter for October 2020, "Is Natural Gas Flaming Out?" impressively compiles a list of all the pieces:
Utilities are looking beyond their gas businesses
- In June, PG&E made waves for supporting CA's ban on natural gas in future projects
- 13 of the 30 largest U.S. utilities— Eversource, Avangrid, Con Edison, Entergy, Sempra, Pinnacle West Corp, PSEG, Southern Co, Dominion, Duke, DTE, NRG, and Xcel—all have zero, net-zero, or 100% clean energy by 2050 targets
- For many, their carbon targets will require shuttering gas pipelines and generation plants; NYPA already plans to shut its gas peakers and replace them with batteries
- John McAvoy, CEO of ConEd affirmed this point when he said recently that "...natural gas...is no longer...part of the longer-term view"
See the full article here.