For the first time in history, Members of Congress have produced a comprehensive plan to decarbonize the entire U.S. economy, while bringing U.S. emissions to net zero by 2050. This brighter future is ours for the taking.
EI’s Mike O’Boyle says the coal-replacement approach can be applied to any fuel source, but is likely of particular interest for customers that want to clean up their electricity mix and save money.
EI’s Mike O’Boyle says solar for coal swaps can offer publicly owned utilities a healthier balance sheet and cleaner, cheaper power for their customers.
Policymakers and utility executives must rapidly focus on how to finance the transition away from uneconomic generation assets while creating earning potential for utility shareholders. This issue brief explores an emerging model for refinancing the 22.5 GW of existing coal plants that will be uneconomic compared to building new local solar in 2025, as of 2018.
