November 7, 2017 Read More →

Utility CEOs Acknowledge Shift From Coal

SNL:

No matter the size or location of their companies, the CEOs of four investor-owned electric utilities emphasized plans to invest in clean energy and technology while shifting away from coal-fired generation.

PNM Resources Inc. Chairman, President and CEO Patricia Vincent-Collawn said there are many changes and challenges for the industry as customers and communities incorporate energy sustainability and wide-scale electrification, such as electric vehicle charging stations.

Hawaiian Electric Industries Inc. President and CEO Constance Lau pointed out that Hawaii is the first state to pass legislation that establishes a 100% renewable energy goal. The goal is for all electricity in the state to be generated by solar, wind and potentially geothermal power by 2045.

El Paso Electric Co. President and CEO Mary Kipp said the utility she manages does not have the scale to be a trendsetter but it can be a “quick adopter.” Kipp said El Paso Electric’s customers are “very concerned with carbon” and many have subscribed to the utility’s community solar program.

Alliant Energy Corp. President and CEO Patricia Kampling cautioned that “sometimes you have to let go of your past” to prepare for the future.

More ($): CEOs prepare for clean energy future during ‘tremendous movement away from coal’

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