With so many homeowners and businesses making greener energy choices, private utilities - along with big oil, gas, coal, and nuclear companies - see the writing on the wall.
Unlike some other denizens of the fossil-fueled set, this gang isn’t beating oil wells into solar panels, retiring nuclear reactors, or embracing wind and geothermal power. Instead, these guys are trying to coax lawmakers into rigging the rules against increasingly competitive new energy alternatives.
You see, the bulwarks of conventional energy are good at math. And the math is increasingly not in their favor. Solar panels are growing so affordable, accessible, and popular that sun-powered energy accounted for 74 percent of the nation’s new electric generation capacity in the first three months of this year. Wind power comprised another 20 percent, geothermal 1 percent, and natural gas plus other sources accounted for the final 5 percent.
Coal didn’t even register.
OK, so that first-quarter surge was kind of an anomaly because it included the inauguration of the Ivanpah Solar Electric Generating System, the world’s largest solar-concentrating power plant. Through a vast array of seven-by-ten-foot mirrors located on federal land along the California-Nevada border, this remarkable site produces enough energy to power 140,000 homes. Another vast utility-scale project aptly called “Genesis Solar” ramped up too.