The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
30 Largest Electric Utilities Ranked on Advances in Renewable Energy and Efficiency
A new analysis released today by Ceres shows that many of the nation's largest electric utilities and their local subsidiaries are moving toward lower carbon fuel sources and that ambitious state policies and strong corporate demand for renewable energy are key drivers of this trend.
The 2016 Benchmarking Utility Clean Energy analysis ranks the 30 largest electric utility holding companies and their 119 subsidiary companies, which collectively account for about 60 percent of U.S. retail electricity sales. The results show overall advances on renewable energy and energy efficiency in 2014, the latest year for which data is available, with some utilities producing 25 to 35 percent of their electricity from wind, solar and other renewables.
Wide disparities in the utilities' clean energy performance remain, however, underscoring the need for swift implementation of the U.S. Environmental Protection Agency's Clean Power Plan. The plan reduces carbon emissions from electric power plants by 32 percent by 2030.
"Renewable energy and energy efficiency, key building blocks of the Clean Power Plan, are increasingly cost-effective options for electric utilities looking to lower their carbon emissions," said Dan Bakal, director of electric power programs at Ceres, a nonprofit sustainability advocacy organization.
"Our analysis shows that the U.S. electric sector is in the midst of an unprecedented shift toward clean energy resources and that state policies are critical for continued progress in achieving national and international climate goals."
Utilities with the strongest results were typically in states with strong clean energy policies, such as Colorado, Minnesota, Massachusetts and California. The lowest-ranked utilities were mostly in southeast states, such as Alabama and Mississippi, which have weak state policies.
Top and Bottom Ranked U.S. Investor-Owned Electric Utilities on Clean Energy Deployment
Among the 30 holding companies, Sempra, PG&E, Edison International and Xcel ranked the highest for renewable energy sales, accounting for more than half of the total sales. Renewable resources made up more than 20 percent and in Sempra's case, nearly 36 percent, of the companies' sales in 2014. FPL, American Electric Power, ConEdison and PPL Corp ranked at the bottom, with renewable energy sales accounting for less than two percent of their total retail electricity sales.
Sempra Energy's renewable energy sales grew by more than 55 percent between 2013 and 2014 alone and Pinnacle West's grew by nearly 50 percent, while Eversource and DTE Energy demonstrated growth of more than 25 percent.
"Xcel Energy's positive ranking results from more than a decade of working with our states on clean energy policies," said Frank Prager, vice president, policy and federal affairs for Xcel Energy. "We continue to focus on our customers' growing desire for clean, renewable energy while demonstrating that we can successfully integrate these resources reliably and at a reasonable cost. It's an approach that is significantly reducing emissions and ensuring a more sustainable energy future for our communities."
"Californians care a lot about clean energy and we want to be an active partner in making the transition to a low-carbon economy as quickly as possible," said Melissa Lavinson, chief sustainability officer and vice president of federal affairs for PG&E. "Our showing in the Ceres rankings reflects our commitment to addressing the urgent challenge of climate change, while also helping our customers to use less energy and save money."
Energy efficiency top performers among the holding companies include Eversource Energy, PG&E, Portland General Electric, National Grid and Pinnacle West. Each achieved annual savings of at least 1.5 percent of their total retail electric sales, while also helping their customers save on their energy bills. Dominion Resources, FPL, Entergy and Southern Co and OGE Energywere among the weakest performers.
"Continued investment in energy efficiency and zero-carbon energy is central to Exelon's effort to build the next generation energy grid and drive the transition to clean energy," said Chris Gould, Exelon's senior vice president, corporate strategy and chief innovation and sustainability officer. "Exelon continuously works to identify new innovations and smart technologies to give customers greater access to clean energy and tools to help them use energy more efficiently."
Among the report's other key findings:
- The Clean Power Plan's key approaches to compliance, energy efficiency and renewable energy, are increasingly economically feasible options for electric utilities. Energy efficiency is the lowest-cost energy resource and renewable energy costs continues to decline dramatically.
- State policies are no longer the only driver of utility clean energy deployment. Companies with ambitious renewable energy sourcing goals are using their voice as major energy users to encourage utilities to offer more renewable energy. A consortium of major companies pledged not only to promote 60 gigawatts of new renewables development, but also to help overcome the barriers that complicate clean energy procurement. Companies are sourcing ever-greater amounts of clean energy directly from utilities.
- Performance is not the only measure of clean energy leadership, which should include utility support for clean energy policies. For example, National Grid and PG&E have been outspoken supporters of energy efficiency, while FirstEnergy has been a vocal critic of Ohio's energy efficiency policy and supported efforts to freeze the state's goals.
"Seeing the leaps the renewable energy leaders have made in just two years has been amazing," said Ron Pernick, managing director of Clean Edge, a clean-tech research and advisory firm, which co-authored the report with Ceres. "Governments, corporations and individual customers continue to demand clean, efficient energy and some utilities are answering that call."
YOU MIGHT ALSO LIKE
EcoWatch Daily Newsletter
By Jake Johnson
Just over a month after proclaiming that the number of coronavirus cases in the U.S. would soon "be down to close to zero," President Donald Trump said during a press briefing on the White House lawn Sunday that limiting U.S. deaths from the pandemic to between 100,000 and 200,000 people would mean his administration and the country as a whole did "a very good job."
Documents unearthed in a lawsuit brought by a Missouri farmer who claimed that Monsanto and German chemical maker BASF's dicamba herbicide ruined his peach orchard revealed that the two companies knew their new agricultural seed and chemical system would likely damage many U.S. farms, according to documents seen by The Guardian.
By Albert Van Dijk, Luigi Renzullo, Marta Yebra and Shoshana Rapley
2019 was the year Australians confronted the fact that a healthy environment is more than just a pretty waterfall in a national park; a nice extra we can do without. We do not survive without air to breathe, water to drink, soil to grow food and weather we can cope with.
By Fino Menezes
Everyone adores dolphins. Intelligent, inquisitive and playful, these special creatures have captivated humans since the dawn of time. But dolphins didn't get to where they are by accident — they needed to develop some pretty amazing superpowers to cope with their environment.